Gman. I cannot believe the way this has been done. There is only...

Gman.

I cannot believe the way this has been done.

There is only one reason that I can think of that they went with this pathetic CR before any results came in from S32,s drills.
I am not going to say what that reason is just now.

This is like taking all our monies to the casino and giving it one last spin on black.

If S32 came good with results then we will no doubt get a run. If they don't then we are toast.
There is the possibility that we will find something at our local sites, and Jonathan seems very confident, but personally, I would not hold much hope for that.

Just ask yourself how many times that you have been supremely confident with shares that you hold or have held?
Then ask yourself how many times those dreams came true?

One huge problem now is the huge number of shares on issue.
Now I know that I will probably be lynched for saying this but, the ideal time for a consolidation is right now.
This allows traders huge percentage profits on any slight uptick and so they just keep the game going with chance for the price to settle.

The problem with consolidations is that the consolidation simply allows the price more room to fall.
With the sp now at .001c it cannot fall any further so that problem is eliminated. The risk is that the price will jump to allow for the far fewer shares but once it has settled it will then start to fall again.

The upside is that, if we find something, then the traders will be restricted a lot more than they are now and on good news there will be far fewer shares available so pressure will be on buyers to pay up.

It is a bloody mess, there is no doubt, brought on by truly incompetent management that I myself supported for many years, but not now.

Lockitt