692630 @6.4c did not go to new hands. They came to me. Old hands...

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Robertdewunth

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27/01/23

22:13

Post #: 65918292
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Originally posted by mode1971: ↑

Scotboz, only a short term thing.

Most volume the last few weeks has been plus 6.4c, today's bottom. I doubt much for sale, why it closed at 6.7c.

Long termers in at 0.5c to 1.5c have had greater than a year to sell and do not.

If anything this pullback on lower volume is a good thing as it has put shares into new hands 6.4c to 7c and flushed out those without steady hands.

One must remember the looming copper shortage that should bite 2nd half of this year.

It is likely we will see greater than 11,000 us a tonne in the 2nd half with merger, jv and takeover activity increasing.

This will be when majors start there buyouts and it should accelerate as we go into 2024 and beyond as copper will be greatly de risked.

I don't see anybody moving on spqs greenvale as not de risked enough, but I do see the possability of s32 on Nicholson if we look back a few years at there interest.

The metal sector was soft when they walked, as its now different they may revisit because they know the projects and also because alot of top ground can not be gotten to.

In the thick of things, we await 6000m of drilling.
Its minor compared to future exploration and sector change.

I believe bigger developments will occur later on.

What we await now is porphyry copper deposit validation and a starter size. Maybe 1200m long x 600m wide x 700m deep.

Next it will be sizing and tonnage and some exploration into other projects like big mag.

2 wildcards exist I feel with bottletree.
1. Hole 7 for a secondary system.
2. Hole 10 going beyond 1000m/1100m and ending in mineral.

Not just ending in mineral is important looking at the hole 10 itself, but because other holes that would scissor it if extended ended in minerals. Ie mineralised zone between if and them if open.

This wait is good, a fast analysis would mean a smaller or simpler system.

True can be a bit draining on emotions as we all yearn news and want our curiosity satisfied.

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692630 @6.4c did not go to new hands. They came to me. Old hands in both sense.
I had almost given up on getting anymore at 6.4
It is a good thing in another way. The money I used was from the proceeds of my nearmap shares as the company sold out to some American mob after promising for years to remain Australian.
Did me a favour (I think) as SPQ has far more potential.
Good luck to all holders especially the patient ones.

SPQ Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $14.00M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$6.657K	962.3K

Buyers (Bids)

No.	Vol.	Price($)
18	3659041	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	2627637	3

View Market Depth

No.	Vol.	Price($)
18	3659041	0.006
8	8006009	0.005
3	1650000	0.004
1	1000000	0.003
2	2250000	0.002

Price($)	Vol.	No.
0.007	2627637	3
0.008	1085000	4
0.009	2293190	7
0.010	2172666	6
0.011	2422618	6

Last trade - 16.10pm 19/06/2024 (20 minute delay)

SPQ (ASX) Chart

692630 @6.4c did not go to new hands. They came to me. Old hands...

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692630 @6.4c did not go to new hands. They came to me. Old hands...

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