SCI has had no trouble raising funds for project progress in 2017 or 2018 in fact one raise was 200% oversubscribed and my company was refunded monies as I couldn't get the allocation I sought. The compay floated in 2011 and this was the peak of the Gold and Silver price, Gold over US$1900oz and Silver US$50oz. The company's price action like many in the industry is aligned with the underlying commodities and sentiment all of which were in a bear market literally following the ASX launch date.
The facts remain by end of 2018 Copper Blow was readying for an initial resource estimate and investors were eagerly anticipating that...
The current board still offers no tangible ideas on what's next or any meaningful plan only ignoring the huge progress made between 2017 and 2018 on Copper Blow. Convenient.
Shareholders have an opportunity to cut through the noise and take the opportunity to put in place strong new directors that understand Broken Hill and geology and get our company working again.
This company had no problem raising funds as it progressed Copper Blow.
This year its been silence and no material progress.
JFI
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