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7.8¢ s2 resources ltd

Ann: Monsoon Drilling Update-S2R.AX, page-58

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nammuldi

3,495 Posts.

332

20/09/16

09:42

Post #: 19272551
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Originally posted by chris1983 ↑

It's a bad result and I personally would reduce your holding if your overweight in the stock.

This is where exploration drilling can do anything and until the drill bits go down you won't completely know what's going to happen.

They do have great licenses and cash though. So plenty of time to turn it around. Monsoon was the game changer and short term catalyst to send this one to the moon though and thus far in the last round of drilling they obviously fell short. For my understanding it's amazing how all those drills hit nothing.

I'm not happy obviously. I was pretty confident gold would extend at depth.

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I wonder if they survey down hole direction in the RAB holes these days - it is the only other possible explanation that the holes have screwed off on sharp angles from surface and therfore give false impression to strike of mineralisation. - I imagine they survey the RC holes and maybe in drilling opposite direction the RC hole has deviated in the oppposite direction?? -

S2R Price at posting: 45.0¢ Sentiment: None Disclosure: Not Held
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