SPQ 0.00% 0.7¢ superior resources limited

SPQ chart, page-1666

  1. 5,049 Posts.
    lightbulb Created with Sketch. 2711
    Peter is the only one that can answer that definitively, Egg. But we can take a lead from what he said awhile back. Firstly, they had a good idea what Wyandotte and Cockie Creek had by way of porphyry, but Bottletree had not been really tested apart from soil samples which covered a huge area. SPQ has not slacked off in the field, and as Peter said they were working on the JV's together with Bottletree concurrently. The JV's also demanded field trips. This makes efficient use of Peter's time and resources until he determines company direction with the rest of the board given the size of the show. Once direction is set then more people can be employed. You would not want to part with ground until it was evaluated given the encouraging soil sampling. In the big scheme of things, you can not do it all given the scale and diversity in tenements they hold including zinc etc., so you have to sacrifice some to capital deepen in strengths when capital is limited. Your financial position and the ability to negotiate in JV's overlaps and depends on knowing what you actually have so you don't have to go cap in hand. You would not want to sell off ground that may have been better. I am also mindful that they sold ground to CNB which went gangbusters. So I think it was the right decision to look for structure at Bottletree. Now they have some perspective to consider.

    Yes GB, I agree with you. You would also have to think copper prices will go higher given the ammunition expended in the Ukraine. Hope it ends soon and the world can learn to co-operate. We all breathe the same air.
 
watchlist Created with Sketch. Add SPQ (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $15.18M
Open High Low Value Volume
0.7¢ 0.7¢ 0.7¢ $8.4K 1.2M

Buyers (Bids)

No. Vol. Price($)
22 10662670 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 300000 1
View Market Depth
Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
SPQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.