S2R 1.23% 8.0¢ s2 resources ltd

Ann: Monsoon Drilling Update-S2R.AX, page-28

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  1. 5,466 Posts.
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    @ Thunder54

    Basically the excitement and exuberance here is because it is a spin off from the IGO t/o of SIR which gave IGO control of the Nova discovery.

    S2R, as in Sirius2 Resources, demerged and kept the highly respected management team, the shareholder group, including Mark Creasy who holds at AZS and GPH which you also hold, a parcel of prospects in WA including Polar Bear and in Scandinavia prospective for base metal sulphides. They also got cashed up ($22mil from memory)

    Progress in the one year since demerger was spectacular but measured and professional and now we see the first step back due to some geological sleight of hand as yet unknown.

    IMO mate, we need to allow the folks with unreasonable expectations to slip away, then we can flush and get on with it. Enjoy the weekend's reading.
 
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