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S2R

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9.2¢ s2 resources ltd

Ann: Greater Fosterville Exploration Update, page-11

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Mattydubz

208 Posts.

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20/02/24

13:27

Post #: 72499219
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Originally posted by Poodleface: ↑

Its true what you said, but its almost the definition of an explorer in my mind. No income.. burning through money drilling away hoping to strike sonething big or at least anything that can lift sentiment and share prce before the next raise, all the time having no guarantee that there is anything there at all.

Great fun.

If youre not comfortable with that maybe you should not be in a pure explorer. To me it's kinda what they are.

The upside of course is the multiples that can be earned if they do strike something good. It could very well make the share price transcend market conditons/ sentiment and put big smiles on a lot of dials. For that to happen you need a good team, good ground,a good strategy and of course cash and luck. This to a large degree is what sets S2r apart from at least some other explorers. We have much of that in spades.

The company philosophy is basically 'don't flog a dead horse'. If it doesn't win some races sell it for dog tucker quick before vet bills pile up, move on and preserve capital then start again.

So the 64 million dollar questions is can they do it? Well I hope so. it seems we have more than one horse in this race and they all have some good breeding, ridden by a jockey that has good form on a dry track. Still it has to actually happen though doesn't it..?

Sorry for the horse racing analogy.. I actually dont know squat about that but I do know when you compare apples with apples in terms of explorers we at least have a fair few things that give me more hopium than many of S2Rs sometimes lifestyle and ossified peers.

Add to that the combined collection of facts re where where we are in our exploration programs, funding, permissions, relative potential and even now, recent results and there is alot of justification for the hopium. More than many I am personally betting.

To add to the hopium mix, it's nice for those considering entry to s2r now that it's so much further down the track on many fronts than a year or two ago .. the starting gun has been fired on fosterville and the others are lining up but the price is near relative lows of a couple of years ago when these babies were but just a twinkle in Mark Bennets eye. , this is against the backdrop of a thrusting gold price.

Yes it's all hopium but it's GOOOD hopium.

Expand

"great fun"?
When businesses burn through cash and though this is something you do not 'put a substantial amount' in.. Until it actually pulls shiny rocks out of the ground.

The reality is that People don't buy penny stocks because its 'fun,' its because they want to make money.
The share price has done nothing over the past 6 years... I'm purely looking at charts here and liquidity for a potential consolidation for a retest of its ATH.

You'll never time the bottom or top and that's guaranteed...
Me? I want to retire from the markets.

Last edited by Mattydubz: 20/02/24

S2R Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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Last 9.2¢		Change 0.001(1.10%)		Mkt cap ! $41.66M

Open	High	Low	Value	Volume
9.1¢	9.5¢	9.1¢	$23.02K	249.9K

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No.	Vol.	Price($)
1	50000	9.1¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	50000	0.091
2	216686	0.090
1	7241	0.087
2	25116	0.086
1	6000	0.085

Price($)	Vol.	No.
0.095	68562	1
0.097	49000	1
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0.105	30000	1
0.110	170637	2

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Ann: Greater Fosterville Exploration Update, page-11

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Ann: Greater Fosterville Exploration Update, page-11

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ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

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