Ann: Major Drilling Program Commences in Peru, page-22

I’ve gone in blind on this stock. I don’t even really know what they do tbh.
I’m invested based on the current board members and alliances.
I see S32 as a verification mechanism of the integrity and credentials of the board. The board has plenty of skin invested in this, and they’ve held long term spots with AQD.
For an explorer, they are one of the most active as far as drilling and progressing projects, nothing to suggest the ‘lifestyle’ factor is at play here.
A firm holding by the top 20, again is a credible attribute to the team.
I agree with you, this looks like a free carry, for now at least.
These stocks can very easily go from sexy to a flea invested dog in less than 60 seconds when the market sours.
But at least the next 3 months seem somewhat stable