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
- Ann: Phase 2 Drilling Program commences at Bottletree
I do wonder however, should another 3 months go by and no...
-
-
- 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
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.01M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 2398306 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 765103 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 2398306 | 0.009 |
5 | 1683214 | 0.008 |
6 | 1073929 | 0.007 |
10 | 4140655 | 0.006 |
2 | 506009 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 765103 | 2 |
0.012 | 2000319 | 5 |
0.013 | 1100000 | 2 |
0.015 | 375000 | 1 |
0.016 | 82500 | 2 |
Last trade - 10.08am 30/07/2024 (20 minute delay) ? |
Featured News
SPQ (ASX) Chart |
Day chart unavailable
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online