S2R 7.69% 12.0¢ s2 resources ltd

Ann: More gold intercepts in first drilling at Goornong prospect, page-10

  1. 2,405 Posts.
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    If we close at this level it will be the lowest close price since the tender win announcement...
    Wonder why they don't do some down hole EM to see if a magnetic anomaly is nearby...
    Or prioritize drilling on those other targets picked up in the recent IP Geophysics...
    Or announce commencement of drilling at Glenlogan....
    Something anything....
    No same old same old...
    The grades that are going to excite the market will have visual Au as do all the core holes in the swan zone...

    The recently completed IP Geophysics completed was just background noise in the hole 7 assay results announcement - Surely they could have elaborated the potential these targets have - like the May reef target or the one near where they are drilling now - its depth - and its importance to maybe the potential source of all this lower grade ore. Its all what if's but if its waiting for the drill bit to do the talking then the next raise will be at ridiculously low share price and chump change for the likes of Agnico....

    I realize they are building a 3D Model and looking for continuation...etc etc
    But at what expense to the share price...
    Burning cash by throwing darts drilling from kerb side....

    No urgency just let the share price drift down and down and down....
    Announce Glenlogan drilling - a distinct strong possibility of success target that will at least get us off these lows...

    LGM recently advised assay results for Glenlogan as SEPT - OCT so that would put drilling another 2 months away - Hoping they are wrong and it's much sooner....

    DEV rode on the wave of CHN at Sovereign Hill and at one stage had a market cap of over 300 million and that turned to zilch so with a bit of a marketing strategy and highlighting the potential of what we have there is no reason why S2R could not at least get back to the last CR PRICE....
 
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