Happy New Year all. I see we have not started on a good note. Desperate sellers getting out at 3.9c. Still, can you blame them? The company recently completed an undersubscribed share placement which was going to be used for exploration work. The company announced on the 7th November that geologists were going to visit the dome on the week beginning 19th November. Well did that trip happen and if so, what did they find? Gee it would be nice to know hey?
The communication from this company is appalling. We are no better off now than when Richard Wolanski left. In fact I would argue we are worse off. We don't know what the next move is and the SP is a joke. At least Richard had major plans and managed to push through a DFT for the Ti/V project. Since then, what has SPM achieved? Raise funds and talk about the possiblity of looking for Copper and Gold. And you wonder why the SP is this low?
Why would anyone invest in this company? I really can't see any positives at the moment.
Christmas and New Year cheer is over. Let's get on with it!
SPM Price at posting:
3.9¢ Sentiment: None Disclosure: Held