S2R 1.23% 8.0¢ s2 resources ltd

When should we be expecting results?, page-5

  1. 690 Posts.
    lightbulb Created with Sketch. 5
    IMO
    $25 million cash, admin costs circa $1m per quarter, exploration $1.7m last, $2.5m next.
    3 mature & promising local drill targets - 2 relatively understood in Baloo & Nanook, 1 perplexing in Monsoon, why not utilise the funds to secure current cheap drilling packages to drill the 3 simultaneously and provide continuous news flow and develop an understanding of the ground.
    The original intent was to provide early cashflow from Baloo, they changed tack and raised funds - so use it in a meaningful way !!!
    Ignoring the propaganda - admin costs are too high for the current and proposed ground activity being undertaken and cash position.
 
watchlist Created with Sketch. Add S2R (ASX) to my watchlist
(20min delay)
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
View Market Depth
Last trade - 10.08am 22/11/2024 (20 minute delay) ?
S2R (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.