@wacket I was holding last year, sold shares in November and the last of them around early December (or whenever the results of hole 42 came out). I've been holding/following for 2 years.
Your comment of "They are on the money here" is intriguing. Yes they seem to have found some more evidence of getting closer to the porphyry, but it was NOT where they expected to find it.
Where they expected to find the porphyry, was barren. Where they thought would be barren, has bornite/chalcocite, the west side of the NSS. So where do they drill next?? This is something that will take time to work out.
Once they decide the new model or place to drill, the 900m+ deep hole is going to take time to drill.
Does the company roll the dice and wait to cap raise after the next hole? Or does the company do a cap raise on the back of existing exciting results, despite not being where they thought??
Most companies, and the smart thing to do is go early, before the company gets desperate for cash. Rolling the dice one more time is very risky, too risky IMHO, so I'm expecting some announcement about a cap raise very soon. Chris Cairns even stated on the last interview that they had to raise some funds soon, he has been very responsible so far in running this company, I don't expect that to change.
I'll be looking to re-enter after the cap raise and when the new drill plan comes out. If I have to pay a higher price, so be it, but my expectation is around 25c-30c for any cap raise.
SVY Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
