SRZ 0.00% 2.0¢ stellar resources limited

So SRZ is obviously not income producing and drillings continues...

  1. 1,190 Posts.
    So SRZ is obviously not income producing and drillings continues and raising capital continues say 2 or 3 times a year.

    At some point the SRZ directors, who hold a good number of shares, cant find the personal finance to contribute to their own share placements etc They start to get diluted.
    Or all of their wealth is tucked away in the mining company and there is none left over for them to enjoy.

    The situation would be made worse particularly when the market turns against mining shares. Their hard efforts are not resulting in personal wealth. Possibly this is the situation now.

    The next lot of drill results could seriously expand the reserve; and after that the next lot of drilling results ....

    So wouldnt SRZ directors be keen on having a sizable equity partner? Then some of these project can get up and running.

    Its like how many years can you train, before you finally get a game of footy.
 
watchlist Created with Sketch. Add SRZ (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $38.83M
Open High Low Value Volume
2.2¢ 2.2¢ 2.0¢ $13.45K 651.2K

Buyers (Bids)

No. Vol. Price($)
3 1351436 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 552518 1
View Market Depth
Last trade - 15.59pm 28/06/2024 (20 minute delay) ?
SRZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.