SPQ 0.00% 0.8¢ superior resources limited

There is still a big bunch of everything boom investors floating...

  1. 580 Posts.
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    There is still a big bunch of everything boom investors floating around here I suspect, unable to understand that the boom has passed.

    Rates have gone up and they are not coming down yet, and once they do, they will never go back to where they were (if our leaders have learnt any lesson, which I want to believe is the case).

    Some bag holders are waiting for a pump so they can dump, just like it happened before. Only this market is completely different, and going back to break even will take months if not years. Here comes the frustration, from believing that a single hole was going to send this thing 200% up in a single day. Extremely naïve to be honest.

    What SPQ is doing is very complex considering the resources they have, and hitting the jackpot is not an easy path. Some folks here don't seem to understand that when the geo makes the call to drill a hole to 700m depth, a single degree difference moves the toe of the hole more than 12 metres horizontally. This is a long race, and many folks here are not prepared to endure it.

    So, my advice to any frustrated holder is to forget all the pump and dump crap that has been posted here in the past, and if three or five years sounds like a very long time to hold, better sell and go to the casino.
 
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