I do wonder however, should another 3 months go by and no communication re BT, or SE options study, if you'll still have the same sentiment.
All I know is that the strong indication was given that they were going into a 3-month summertime hibernation until early April (ref the Dec Cash Q). I expect that they were wanting to preserve the newly-raised cash as best they could.
They said that the wet season would likely prevent drilling, but I suspect that they were also buying time. Why do that you might ask! That is the BIG question isn't it!
My thinking, since reading the Dec Cash Q comment, has been that they wanted to maximise a financial return on Steam Engine and needed time to do that. I see them doing a deal with Ravenswood Gold.
As it is now April, I reckon that news on Steam Engine is close.
That is my logic on the matter.
I am hoping for a capital return so as to fill the drilling coffers, plus a long-term royalty plus an off-take agreement in respect of gold found by SPQ on its other tenements.
- Forums
- ASX - By Stock
- SPQ
- Ann: Phase 2 Drilling Program commences at Bottletree
Ann: Phase 2 Drilling Program commences at Bottletree, page-180
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPQ (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $24.01M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $14.48K | 1.312M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 672546 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 3704700 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 72546 | 0.011 |
5 | 1727421 | 0.010 |
3 | 225000 | 0.009 |
7 | 1209464 | 0.008 |
8 | 1774928 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 3704700 | 5 |
0.013 | 400000 | 2 |
0.014 | 1066915 | 2 |
0.015 | 375000 | 1 |
0.016 | 82500 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
SPQ (ASX) Chart |