Yes Andrew, there is no other way for SP except up. Definitely, the commissioning of the plant will see another spike in SP. The one that is most significant is the announcement of start of aggressive drilling. The SP now is being held by cheap shares that is issued at 2cts. Look like this is played out fast. Have a look at what I gathered below.
Since the release of additional shares on 8th Nov as declared in Appendix 3B : a) 323,000,000--- issued to investors under placement b) 170,681,856 --- recent right issue c) 3,000,000 ---- exercised of options Total = 496,681,856
For the past 6 days & part of today, if considering only new issues, 73% of the shares being traded. Look like sellers are thinning out & hopefully the true value slowly build up from here. Now, it is holding very well at 3cts. Look like this is a new base for more to come as many more exciting announcement coming before year end.
SBL Price at posting:
3.1¢ Sentiment: None Disclosure: Held
