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hi Shady,I think we will most certainly find SE requires more...

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07/04/24

14:00

Post #: 73226735
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Originally posted by Shady Merv: ↑

Hi nakhia.

The value has to be much higher than what it is at present, but that low value was created by the Board when it raised $2m at 1.2c. It set the scene for the SP until news elevating the value/SP hits the market via the ASX.

The news that would elevate the value/SP would be money hitting the coffers from a non-share issue source. I cannot see that coming from anything but something to do Steam Engine.

On 31 Jan in the Dec QAR it was stated that a draft report on the Process Options Study being done by Mets Engineering Group p/l was expected to be received in mid to late February. Maybe it (a draft) has been received.

What was anticipated though was that whatever option was considered favourable might require more drilling so as to increase the resource size in order to make it economically feasible. That would be a hurdle for SPQ to jump if true.

Here is the info from the 31/1 report:

Expand

hi Shady,

I think we will most certainly find SE requires more drilling at Peter unwilling to give up anything there without that happening (not willing to give up anything for SE as expected could me much much more tonnage there then currently quoted).

Personally can't see much happening on SE front.

I am interested in BT drilling plan this year.

SPQ Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $16.01M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$7.067K	883.3K

Buyers (Bids)

No.	Vol.	Price($)
7	1592596	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	1782993	7

View Market Depth

No.	Vol.	Price($)
7	1592596	0.008
13	3569522	0.007
6	5438166	0.006
2	506009	0.005
1	150000	0.004

Price($)	Vol.	No.
0.009	1782993	7
0.010	2876374	8
0.011	3308757	8
0.012	4015460	6
0.013	2875990	8

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last 0.8¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.8¢	0.8¢		0.8¢	361221
Last updated 15.53pm 21/05/2024 ?

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