When the consolidation was announced I wanted out but no one would buy at my base of 0.005. Having previously watched an investment disappear completely after multiple consolidations, I wanted out and out immediately.
I have since had time to reflect and pulled my sell order, now actually feeling quite positive about continuing to hold. Exploration money in the bank and they have a sizeable, proven resource with grade and quantity significantly increasing as their knowledge of the resource increases.
The price of nickel is on the rise and the following research suggests it’s use in car batteries may be even greater in the future.
At less than half a cent this is real punters territory so no guarantees but having money and a sizable existing resource, IMHO puts this one a step ahead of many others at this market cap which are purely a lucky dip. With time and more rational thought the consolidation seems like a sound move if this is to become a reality or it might just keep consolidating away to nothing, but as it stands I’m hopeful there is upside here.
SBR Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
