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.
SLT Price at posting:
0.0¢ Sentiment: None Disclosure: Held