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0.8¢ superior resources limited

Ann: Phase 2 Drilling Program commences at Bottletree, page-181

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Angelus

516 Posts.

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05/04/24

10:09

Post #: 73201525
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Originally posted by Shady Merv: ↑

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.

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stop talking sexy talk with off takes and royalties hahahaha

SPQ Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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