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Me thinks when Mining Pockets is the real game. The word...

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billmac

913 Posts.

107

07/02/20

00:01

Post #: 42792466
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Originally posted by Nijiman ↑

The annual salaries for the MD, company secretary & the director's came in at $765,902 for 2019. .Add to that office rent & admin expenses & you are looking at in excess of $1M just to keep the doors open. Before a single rock is turned over on any tenement. Having money to cover those expenses will feature first & foremost in all of their minds.

Now those salaries & admin expenses are not excessive when compared to many companies in this sphere. BUT when you are talking about a company whose stock sells for mere pennies. Then that is a lot of stock that has to issued every year. Simply to cover the cost of a skeleton staff & undertake a small amount of exploration.

As i have said before Sipa needs to torn down & rebuilt from the ground up. Stop trying to hunt for elephants when you are never going to have anything other meagre financial resources at your disposal.

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Me thinks when Mining Pockets is the real game. The word Exploration is really only meant to aid the facilitation.

SRI Price at posting: 6.4¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $4.107M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.7¢	$4.05K	225.0K

Buyers (Bids)

No.	Vol.	Price($)
1	41662	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	41662	0.017
2	491212	0.016
3	275910	0.015
1	42500	0.012
1	118888	0.006

Price($)	Vol.	No.
0.019	50000	1
0.020	208305	4
0.021	184978	1
0.022	42431	2
0.025	100000	1

Last trade - 16.10pm 03/05/2024 (20 minute delay)

SRI (ASX) Chart