Nearlydone, your name says it all. This stock does not suit your...

Nearlydone, your name says it all.

This stock does not suit your trading style. We are in a bear market where strategy must change and that includes looking for bargains. Did you go all in? Sure beats me why people who own stock beat the price down further. Have you contacted management and taken personal responsibility?

Why didn't you sell if you can read a chart so well to manage limited capital? Why didn't you show the low volume and interpret that too?

The low volume suggests large holders are staying put and maybe taking the opportunity with a longer view in mopping up spillage because at these prices on what they have already discovered without taking more into account, SPQ is below value.

A lot of stocks are underperforming and we hear the bleating on many threads about the lack of lab results. It was even mentioned on Four Corners according to one poster If you had not noticed, SPQ has already outlined their plans and secured drill rigs. Their track record has demonstrated they don't sit on their hands when subject to delays but plan meticulously with what they have got. During the first delay, SPQ quietly secured and blocked a well healed competitor to secure an area of mineralization. Their tenements are sound and at ground floor price. They won't be sitting on their hands with regard to planning even though the rain has also been unseasonal in Queensland IMO. Many bigger companies have suffered a rise in absenteeism, staff shortage, and lack of intermediate goods/chemicals for processing particularly from China which is in lockdown due to Covid. Its wall to wall ships at sea waiting to load from Shanghai. Their bottom line is greatly affected unlike SPQ which has run a tight ship and not entertained a lifestyle voyage. SPQ's costs have been minimised in light of external events. Labs need re-agents and drill rigs need drilling fluids. Try and get a builder at the moment or a doctors appointment on the same day.

People assume Covid is done, and dropped protection. They are learning the hard way. Our hospitals are at breaking point here too because of a rise in Covid and the Flu. Just sometimes things are out of our control and its a perfect storm at the moment with Ukraine tensions and domestic inflation.

SPQ have proceeded by the book and met their communication obligations. To do otherwise in relation to results currently due for reporting would be breaking the law.

Could they be more proactive in marketing? Yes, but that would require a bigger staff as SPQ is a small outfit concentrating on the operations. Sometimes we can't have it all but we have a good idea of what they have got. Time will tell, always does.