SPX 10.0% 1.1¢ spenda limited

The fear mongering around is ridiculous. Oyr big risks are:1. Is...

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  1. 2,831 Posts.
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    The fear mongering around is ridiculous. Oyr big risks are:
    1. Is the gold of sufficient grade and tonnage - i believe so, and at much less depth;
    2. Cap raise - so what... Its a normal course of business and i wouldn't be surprised the sp continues to climb (after a brief dip) afterwards. They should have ~$500k left by end March accounting for the extra drilling. And who is to say they don't raise at a premium !;
    3. Dizzy heights of sp - well we're actually sub $25m M Cap, which for what we've hit is actually low. I've seen shells hit this valuation, so $50m M Cap is not of out the question;

    I'm expecting a few profit takers today, and it being friday, but TH could come Monday/ Tuesday for results.

    Holding.... Plenty.
    Last edited by Eclectic_nish: 22/03/19
 
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