S2R 4.11% 7.0¢ s2 resources ltd

Ann: Monsoon Drilling Update-S2R.AX, page-57

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  1. 13,667 Posts.
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    It's a bad result and I personally would reduce your holding if your overweight in the stock.

    This is where exploration drilling can do anything and until the drill bits go down you won't completely know what's going to happen.

    They do have great licenses and cash though. So plenty of time to turn it around. Monsoon was the game changer and short term catalyst to send this one to the moon though and thus far in the last round of drilling they obviously fell short. For my understanding it's amazing how all those drills hit nothing.

    I'm not happy obviously. I was pretty confident gold would extend at depth.
    Last edited by chris1983: 20/09/16
 
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