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Well, nothing to do except wait for verifiable facts. GLTAH and...

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Snaganas

821 Posts.

170

18/05/19

15:32

Post #: 38628816
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Originally posted by red-frog: ↑

I have no idea if this is the company suring up its future through an already agreed upon plan and need the suspension to implement the strategy, or are in a desperate situation and trying to stave off administration.

More than once before I have been a shareholder of a company who claim the troubles are behind them and production is now meeting or exceeding expectations. Sometimes it is a turnaround story and they prosper and other times it turns out to be a smokescreen and the go bust.

Here, I hope for the best but understand it could go either way. I expect the company to extend the suspension whilst they try and sort it out.

Noble are supportive up to a point but if they see a chance to leverage off any advantage they have as a debt funder and shareholder they will take it. They are our friend to suit their own needs first.

That's always the risk we take and accept when investing in companies like SL1.

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Well, nothing to do except wait for verifiable facts. GLTAH and DYOR.

SL1 Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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