If there is no success with the current drilling then the best outcome for shareholders would be a sale of the deposit (or the company) to let someone with deeper pockets take over the hunt for the porphory. The alternative is further capital raisings at ridiculously low prices which would just wipe out the existing shareholders. There are many shareholders who have been here for a long time who don't deserve that. The slump in share price looks like either inside information, or brokers forcing the price down to do the next cap raise for as low a price as possible. According to the last Quarterly, they have $3.9 mill in cash and $1.6 mill in debt. If they can't find anything with the current drilling then its time for some corporate activity to salvage what value the shareholders have.
SVY Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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