Sorry to hear your news Simmo , but I completely understand where you are coming from . The gloom and doom associated with the relentless downward trajectory of SBR sp has , at face value , been an absolute disaster . Even in the context of broader negative , such as the price of Cu , the SBR sp in recent months has significantly underperformed ! What is/ are the underlying reason(s) ? Poor results ? Not as far as I can see. Lack of/ slow results ? Possibly .
Certainly the drilling program has had some technical challenges , and the assay results turnaround time has had an impact .But ,I would put forward a 3rd factor ( just a theory ) that we may be in the midst of a strategic skirmish that is being played out. IF a large player ( say one of the 26c placement parties ) was/ is selling their holding down ( as some have suggested ( and I concur) )would you be aiding them by putting out key news that they could sell in-to and trash the good news ? Remember what was happening a few months ago in the 9c - 11 c range . Any one who stepped up to buy on what appeared to be good news was immediately swatted by a torrent of down-selling ! So , perhaps , where we are at , is the product of a strategic arm-wrestle ? If there is any currency to the theory , then the current scenario may continue until the large seller completes their exit ....and that makes SBR an absolute bargain for those game enough to step up . When will it end ? ....Who knows ! Anyway , that is just my theory , and is not intended to motivate anyone to buy or sell . GLTA Q
SBR Price at posting:
6.0¢ Sentiment: LT Buy Disclosure: Held
