You missed an important point. Not looking back as you say, let's look at today and movements from here. We are at rock bottom today (ATL) because the drill bit has NOT talked the talk. It hasn't for some time.
Now looking forward, great funding, institutional interest is a positive step but if our ground crew don't get those drill bits to talk the talk I'm afraid the trend will continue and next raise is 0.003 or less, so consolidation.
Malcolm need to find a good anomaly to show the market a defined and good MRE increase. To add only 1-1.5mloz to the Brama asset at this stage is only marginal. If the drill bit starts talking, the rest will follow. Show a targeting hit and boom. Fail again on targeting (the whole reason for the trenching program) and not provide new target finds to accommodate the shallow Limon pit and this injection will run out again no matter what PD dose.
I said STM were at a pivotal point last Aug/Sep. We were roughly 2.2cts Now 0.05cts all due to the drill bit. As someone kept telling us... "Phenomenal results"!!
Many holders including myself supported BOD from the 6.7ct raise and down to now. Options will be in the money at 7.5cts which is positive but I'm afraid most stall holders will bail before this. I am one of them. Why? I don't see STM as a good investment anymore. The resources is just too complicated and strip will increase as we go deeper.
Next batch of assays due now. Fingers xed and the team delivers. DL to you mate
STM Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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