SLT 0.00% 0.7¢ select exploration limited

re: starting to smell I must admit I have started to have my...

  1. 1,458 Posts.
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    re: starting to smell I must admit I have started to have my
    doubts about this one - it wouldn't be the
    first or last conjob I encountered in the
    market if it was all bull...but then I look at the market cap and wonder what I'm worried about.
    If it was worth $100million then yes, I'd
    be looking for the exits but , at 50c, it's
    worth about $12million, about twice the
    value of YAM...how much further can it fall
    until it's valued as a shell company?
    If you speak to the directors they're all
    bullish about it(I suppose they would be)
    but the tie up with the Burnett Institute
    (who you wouldn't think would be a shady
    group) must be worth something.
    I think it just needs the HEP E deal
    confirming to give it a bit of credibility but
    it is strange how the SP is continually
    hitting lower levels despite what looks
    like a bright near to medium term future
    if you believe the timelines in the
    presentations(and if you believe the directors). It almost appears that there's
    something in left field like a placement
    hanging over it. The real insiders would be
    in the know if there was a placement at
    45c or 50c(surely it wouldn't be at anything lower than that) and would be
    quietly selling down. That's all I can think of - any of you "insiders" got anything
    different?

    I hold SLT,SLTO. Do your own research
    before investing.
 
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