S2R 1.37% 7.4¢ s2 resources ltd

Ann: Greater Fosterville Exploration Update, page-23

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  1. 34,325 Posts.
    lightbulb Created with Sketch. 1927
    "They are not interested in proving up a small resource..."

    So with drill hits close to surface , they are not interested in "proving up a small resource" with shellow drilling they could potentially monetise early and prevent share dilution through a cap raise.

    Pretty much confirms to me they are not the most astute in managing shareholders equity , and why I do not trust these guys with my money . Will follow with interest as hard to believe they are that stupid they would not want to prove up a small reserve ,
    Hope for you they are not your Typical geos that have NFI about the value of money like giving a carpenter a hammer and a bunch of nails without an accountant .
    Last edited by plough: 22/05/24
 
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