I suspect he is looking at the chart and the 2016 highs. It isn't unreasonable to suggest that 25 cents could be tested with any bad news or unexpected delays. Any hint the debt financiers are dragging their feet and we see another cap raise could be the trigger for a slide in the SP. It looks like management stepped in and put a brake on the recent SP decline by buying on market. Personally I would rather see some success within the sector. I think they may currently be paying the price for pushing ahead with the rapid development, arguably cart before the horse approach. KLL boasted no missed steps and approached things in a logical order yet they may still have made some errors based on their suspension but SO4 have taken what looks to have been a calculated gamble and we appear to be seeing finance that isn't quite sewn up and a project that can't be completed until environmental approval is granted. The board is experienced and supporting the project with their own money, that is a good sign.
SO4 Price at posting:
32.5¢ Sentiment: None Disclosure: Not Held
