S2R

4.05%

7.7¢ s2 resources ltd

I can confidently speculate that management would not even think...

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Gainzmaster5000

2,251 Posts.

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05/11/21

10:48

Post #: 57338801
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Originally posted by Nortalk: ↑

Do we know if Kirkland Lake is allowed to make a joint venture deal with S2 on Block 4?
If so, and if S2 is interested in a joint venture, then we could see multiple offers from larger players to get a piece of Block 4.
Either way, this is an amazing win for S2. Net cash on hand, I think it's still cheap. If they are lucky enough to discover an extension to Fosterville then this will go down as one of the biggest lottery wins

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I can confidently speculate that management would not even think of a JV until numerous drilling campaigns have failed to fully unlock value.

not to mention major shareholders would crucify such a move when they're currently in such a leveraged position. This team makes major discoveries, doesn't hand them out for a pittance.

S2R Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last 7.7¢		Change 0.003(4.05%)		Mkt cap ! $34.87M

Open	High	Low	Value	Volume
7.6¢	7.7¢	7.6¢	$9.18K	120K

Buyers (Bids)

No.	Vol.	Price($)
1	40000	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	135555	2

View Market Depth

No.	Vol.	Price($)
1	40000	0.076
1	100000	0.073
1	200000	0.070
2	21757	0.069
1	30000	0.067

Price($)	Vol.	No.
0.078	135555	2
0.080	99902	1
0.090	14335	2
0.105	28653	1
0.115	49821	1

Last trade - 15.55pm 01/11/2024 (20 minute delay)

S2R (ASX) Chart

I can confidently speculate that management would not even think...

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I can confidently speculate that management would not even think...

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