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12.5%

0.7¢ superior resources limited

On The Precipice, page-6

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03/03/23

14:53

Post #: 66587164
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Originally posted by Funkeeh: ↑

I didn’t see the original post that started this thread before it was moderated, but the title accurately captures my current sentiment. The company has a market cap of $100 million! with less than $1million cash left at the end of December. Probably down to half that now, and soon potentially at risk of trading insolvent.

Our management are still at the stage of sinking money into super deep diamond holes to build “geological models”. We don’t even have a geological model yet. The average Cu resource grade at 0.4% is obviously not commercial, so the whole project has no bones, and we are sinking holes looking for a miracle. How we ever got to $100m market cap in the first place is a bigger mystery than the Bermuda Triangle. And how management let our financial position sink to this - just beggars belief.

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I don't know who is advising you on the viability of things,mate but .4% porphyry is very commercial and getting more so with every week the copper inventory is evaporating.Especially near surface porphyry with high MO and AU component value added.

SPQ Price at posting: 5.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.7¢		Change -0.001(12.5%)		Mkt cap ! $14.00M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$350	50K

Buyers (Bids)

No.	Vol.	Price($)
10	5234039	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	1971460	4

View Market Depth

No.	Vol.	Price($)
10	5234039	0.007
10	2195885	0.006
6	5709300	0.005
2	630009	0.004
2	1266666	0.003

Price($)	Vol.	No.
0.008	1971460	4
0.009	2479443	3
0.010	3155309	2
0.011	200000	1
0.012	1217000	4

Last trade - 10.09am 27/08/2024 (20 minute delay)

SPQ (ASX) Chart