SPQ 11.1% 0.8¢ superior resources limited

GB, there have been announcements and conference presentation...

  1. 4,984 Posts.
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    GB, there have been announcements and conference presentation that have led to price price and accumulation, but delivered in a cryptic way more recently due to negotiations which had legal ramifications. It is what it is. Certainly, you have to have some mining background to get a handle on what has been happening and a legal background to understand why there is an atmosphere of tight lips and probably imposed by big players adjoining their dirt. Unfortunately, many that trade at this end of the market are dealing in speculative stocks seeking a wham, bam, thankyou maam and it is less likely they have that knowledge unless they are an established position investor with extensive networks or training and experience.

    From an operational perspective, SPQ has been hard at it on the ground at Bottletree and in the field with JV negotiations which no-one can deny and that is what is most important to me. That is what delivers the plans to bear fruit despite the complex arrangements restricting detailed announcements for further scrutiny. SPQ have said they are waiting on third parties. Modern managements outsource these days because of thin middle management. That is the organizational structure of SPQ which has also allowed them to keep a tight rein on budget. It is what it is until they are in a sound financial position to increase their workforce. The joint venture arrangements will supply the cash key to unlock the the rest of the projects. There may have been an interest in Bottletree too, we don't know. Too much at stake to stuff up. Better to go slowly like the old bull and do the lot.smile.png
 
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