SPQ 0.00% 0.9¢ superior resources limited

@Watermelon7"management needs to be in tune and take advantage...

  1. 2,525 Posts.
    lightbulb Created with Sketch. 1126
    @Watermelon7
    "management needs to be in tune and take advantage of such an uptick and be ready to stoke the fire with some good communication going forward."


    Unfortunately, this simply won't happen. There's no evidence to suggest they will change the way they communicate. History more often than not dictates how a company is run, a person won't suddenly change their style of communication.

    Reality is we won't hear back from the two BT holes for at least 3-6 months.

    ~26.5wks for 4.25km of drilling/results on the last holes. We can assume the next 1.7km of drilling will take 10.6 weeks or just under ~3 months. By the time they receive the funding (if they haven't already) and get drilling "when weather permits", I would add a couple of months on top. No question one of the slowest companies I own.

    Still maintain raise will be required for other works (as funding only available for the two BT holes), and this will be done circa 0.008c (IMO).

    Big call by them to say the next two holes will be targeting the porphyry core. This is after all what they've been working towards. If it comes up anything other than the core (ie "we're getting closer" spiel), I fear for the share price.

    Still nothing on SE, absolutely crazy that nothing has been communicated on this yet, especially when they were expecting at minimum the options study in February.

    IMO DYOR
 
watchlist Created with Sketch. Add SPQ (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $19.01M
Open High Low Value Volume
0.9¢ 1.0¢ 0.9¢ $38.87K 4.316M

Buyers (Bids)

No. Vol. Price($)
15 7796301 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 137832 1
View Market Depth
Last trade - 12.55pm 06/05/2024 (20 minute delay) ?
Last
0.9¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
1.0¢ 1.0¢ 0.9¢ 2060000
Last updated 11.57am 06/05/2024 ?
SPQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.