Hardly a lifestyle company, Bruham. This has been pointed out...

Hardly a lifestyle company, Bruham. This has been pointed out before by others referring to the financials. Peter actually reduced remuneration not long back to preserve cash flow and he has a lot of skin in the game. SPQ is a small spec stock operating in tough times. Take a look at the expenditure reports over the last couple of years and then the truth becomes self evident. The company has been run very frugally.

On the other hand, I think you have to spend money to make money and perhaps this would speed up the process. I am certainly happy with the Steam Engine gold results to date which greatly assists in putting a fundamental floor under the value of SPQ when the rest of the economy is pretty sick here and abroad. The Reserve Bank continues to raise interest rates which makes things tight in the market. Copper results to come at BT and CC. Copper demand is projected to rise next year. All about risk and reward in the spec scene if you hold long.