S2R 1.23% 8.0¢ s2 resources ltd

Ann: S2 Resources 2017 AGM Presentation, page-4

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  1. 1,102 Posts.
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    I have only a token holding in S2R and would like to see further drilling on the Polar Bear area, even if it is only for litho-structural purposes ie to better understand the fault systems, and the geology. This can be a major bargaining tool in explaining why the area has much more potential. The Polar Bear holding is like having the chooks in an enclosure. All you need to do get derive more value in the form of (golden) eggs is to throw some chicken feed into the enclosure. A good price for the sale of this area depends on having a group of competing buyers who understand the true value. Will this eventuate?

    On the other hand, I understand why the company has decided to venture further afield. They are high risk / high return gamblers. Since I am not a big gambler, I shall increase my holding in S2R by only a small amount.

    Let us just trust that the sale of the Polar Bear area gets a good price.
 
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Last
8.0¢
Change
-0.001(1.23%)
Mkt cap ! $37.58M
Open High Low Value Volume
8.0¢ 8.0¢ 8.0¢ $277 3.462K

Buyers (Bids)

No. Vol. Price($)
1 6977 7.4¢
 

Sellers (Offers)

Price($) Vol. No.
7.9¢ 49999 1
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