S2R 4.17% 12.5¢ s2 resources ltd

Chart predictions are rarely exact and predicting 18 cps and...

  1. 10,075 Posts.
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    Chart predictions are rarely exact and predicting 18 cps and it's 18.5 cps is fine.
    I called the exact top at 20.5 cps against all the bullish sentiment on this thread.
    The SP has now fallen from 20.5 to 17 cps or 17%.
    17% is significant.
    Smart investors who heeded my SELL call at 20.5 cps could buy in much cheaper now but I don't recommend it.
    The trend is unstable now so best to see where it lands.
    A 17% fall doesn't happen often in a vacuum.
    S2' has set a direction on paper with a lot of hype but has not funded imo.
    I would have thought that the famous and wealthy big holders would tip another $20m of their own money into the company which is probably the minimal spend to have a real crack. That they haven't raises questions about the strategy here.
    IMO they are playing a long game while most retail investors cannot afford to do the same.
    In contrast to some here who are sure that a few holes will find a huge new discovery they know this is very unlikely.
    As has been suggested do they plan to basically sit on Block 4 with a minimal spend and wait for an offer down the track?
    It's possible but speculation.


    my opinion


 
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