SBS 0.00% 2.9¢ sub-sahara resources nl

share price, page-8

  1. 1,271 Posts.
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    re: share price..bit of a ripleys Nope...no chance of that...only a few holes drilled really...objiously duds at the second prospect (now abandoned), and no-where near enough drilling to even vaguely guestimate a resource at the main prospect even if they hit several metres of pure gold! They have now been drilling with 2 rigs at 10m per day each for 4-5+ months, i.e. several km of core with no results announced. It is a very poor degree of disclosure for a company only operating on the one prospect (discounting farmouts). Someone may well be accumulating but it would be serious insider trading if it was associated with the directors in any way. My guess is that the results are poor rather than good...otherwise why no hype other than possibly to wait to get the Zara JV details fully sorted first before clouding the water with excitement about zara potential?
 
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Currently unlisted public company.

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