The trading volumes of the last two days have been the heaviest for the past 12 months. The company has kept the market well informed about seeking a partner for South Woodie Woodie and is actively seeking new projects. I would say that either of these events would trigger a significant re-rating well beyond the current share price which simply reflects the cash backing. The directors here have ploughed their money into shares, taken pay cuts, rationalised expenses and will make things work for shareholders. I have been here soaking up millions of shares when the market sentiment was poor and it is great to see that the sentiment has now changed.
SPI Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
