Ann: Down Dip Continuity of Very High Grade Zinc-Lead-Silver, page-83

The share price for this one is certainly an enigma. Good results get released the price goes for a run. Then retracts most of the gains soon after. Albeit on much much lower volume. It really has trouble holding onto & building momentum.

If SBM were to ever lob a bid then a low PEX share price definitely works in their favour. Very easy to come up with all sorts of  market manipulation theories around that one. Although as a knowledgeable friend said to me he doubts any bid will be forthcoming from anyone / entity prior to a resource calculation for SN being done. He just couldn't see a board ( SBM or other suitor ) signing off on a bid before they have a set of verifiable numbers. His thoughts are that once a resource calc for SN is complete then SBM will hit the go button. 

Can only hope if that is indeed the scenario that plays out that Josh Pitt & associates play hard ball & don't capitulate for a less than impressive bid.