SPQ 14.3% 0.8¢ superior resources limited

Ann: Phase 2 Drilling Program commences at Bottletree, page-163

  1. 2,665 Posts.
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    Yes, in last October announcement they stated drilling at CC has been paused and diverted to BT.

    6 months and no update on the drills, something stinks. I'd say they have drilled nothing of note, which is concerning seeing as CR is right around the corner so funding will just go towards more slow drilling with little to nothing to show for it.

    The amount of km of drilling, when we do get the update, will be telling if they're about to get blasted by investors or not. Going from their previous drilling at CC, 6 months should be sufficient time to have drilled the whole ~4.25km that they planned to do at BT.

    Also ~10 months engaging in the process options study for Steam Engine, and nothing yet on that front. Also very concerning, as I find it very hard to believe it takes this long, engaging in an engineering company to come up with the reports they've been paid to do.

    https://hotcopper.com.au/data/attachments/6073/6073636-a180a054ce54083c470f2faca2a92da4.jpg

    Management seem to be in over their heads, and without direction.
    How much are the directors getting paid again?
 
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