SOC 0.00% 9.0¢ soco corporation ltd

Ann: AGM - Withdrawal of Consolidation Resolution-SOC.AX, page-38

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  1. 23,919 Posts.
    lightbulb Created with Sketch. 752
    "You think drilling holes at Adrah and Halls will be the saving grace. What happens if SOC drill, spend $500k and get avg results. The stock will be back at 0.1/0.2c in a heart beat."

    That is call exploration, I thought that what this company did ?

    So it's easier to get a pump out of a Lithium acquisition and dump your stock long before it ever becomes a dog, rather than actually spend some money to prove a potential company maker ?

    If they drill and miss they still have $1.5M+

    If they hit even a sniff of DSO in those massive conductors at depth and prove a sedex deposit then $40-50M min market cap before further drilling (there are plenty of peer comparisons in recent weeks on high grade hits)

    There is plenty of information about the potential of this deposit:-

    http://www.alphasecurities.com.au/files/research/Precious-Metal-ResourcesLtd-17-September-2013.pdf

    http://www.rmresearch.com.au/wp-con...ch-Precious-Metal-Resources-ASX-PMR-Sep13.pdf

    Issue is the GTT aren't here to explore, they introduce new assets and move on

    With $2M+ in bank, I really don't know why holders aren't demanding at least something get thrown at this
 
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