Well i guess we can take bell potter off the christmas card list...

Well i guess we can take bell potter off the christmas card list then ay? and put them to the bottom of the list for any future involvement in cap raises etc while we're at it.

Some of the bidders for our fosterville block proposed spending up to $60mil on exploration . Thats $20 mill more than our entire current market cap. Given the gold price is now up around 700 odd bucks from that initial bid period and trending higher you'd have to think that that alone would put a 60mill floor under the market cap and that is not even accounting for all the other goodies we have in the tenement cupboard. And the fact that we not only have the fosterville tenements but also progressed them through most of the required permitting etc should reinforce that.

But alas, it seems market sentiment for gold explorers is no longer even in the shitter but seems to have progressed even further down the line to the sewage treatment ponds of the asx, where it is decomposing even more.

There is no particular hate for s2r I believe, we're just caught in the middle of this market shitstorm with everybody else. At least we have enough funds for the meantime and surely a fair bit of upside.

Any decent discovery will of course render the current low share price to the history books. As Mark Bennett has stated in some of the company reports- the leverage of discovery transcends equity markets. Very true but there is just the small matter of actually finding one, but at least we have a great team, great ground,cash and current action on the ground. It doesn't look pretty if you look at the share price but other than that we aren't in too bad a position really, not half as bad as Bell potter seems to have painted us with this recent update anyway.

these are friggin testing times but patience is required and hopefully worth the wait..