SVY 3.57% 2.7¢ stavely minerals limited

The spike was short-lived, SP will be constrained until after...

  1. 7,788 Posts.
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    The spike was short-lived, SP will be constrained until after the CR shares are issued. Hole 17 has generated more smoke, but no fire. The quirk here is that with such a compelling target so close at hand, the drill rig goes off to another location for a month. That just draws out the whole process. So any potential visual on a discovery hole is 6-8 weeks away at best (wildly optimistic).

    2-3 months isn't long in the grand scheme of things, but it can be a long time on the share market, with people salivating over the SP every min of the day.

    Still a great exploration company to have on the books.
 
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