Yes tomcat8 it all made for very interesting reading. Plus they have given themselves plenty of time for the 25 mill.
The 24c options (from memory)were of note. At the present time free options to convert at that value are not enticing. It does make one wonder where they expect the sp to be near end Nov. Not forgeting that there are unlisted options to convert near that price end of Nov presently.
It would be nice to see some good news with those investigations, as a raising at present price would still require the oily rag scenario. SBR trades quite slowly and usually not large volume, hence a take up of 25 mill would require some decent incentive. Plus a healthy kitty would enable more work at a better pace than snail!
Perhaps they expect some nice results well prior to the meeting.
A persisent seller/s has been bobbing up at 14c this week. They have also been gobbled up there with a few large confident hits.
The next month will be most interesting either way.
SBR Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
