SPQ superior resources limited

Ann: Completion of drilling at Steam Engine -, page-6

  1. 3,299 Posts.
    lightbulb Created with Sketch. 1700
    Yawn. It's pretty pathetic they consider us gullible idiots with more of the same bait reporting.

    https://hotcopper.com.au/data/attachments/6617/6617347-de382b88c7079fbf8053b6ba255835ba.jpg

    More yawning, looks like they're in for more chasing their tails with their indefinite drilling campaigns, exploring new zones with the keyword potential of further gold. There's a time and place, and they aren't in a position to be exploring new and untested land. No money, and already needing to raise at near-all time lows just to keep the lights on. Generate shareholder value first, then look at further expanding the resource. They will never learn.

    https://hotcopper.com.au/data/attachments/6617/6617361-99b7c11c6d765c4f98f42422f1def739.jpg

    "NEXT STEPS" seems like they're just interested in expanding the resource (that's all they seem to be good for) and happy to dilute shareholders to oblivion in the process.

    IMO it's pretty evident current team don't have the capability to take it to production, so silver lining would be getting the resource to a large enough size to sell off or JV with someone who can do the heavy lifting.
 
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