S2R - S2 Resources

[Sean K]

Two months to go until the amended Heritage Protocol Agreement runs out

Glenlogan, do they walk?

Fosterville... it seems that they are having access issues. The ground they've got which surrounds the Fosterville gold mine is getting more valuable by the day but you'd never know it. What was the gold price on 5 October 21 when they were awarded block 4 ---- it was US$1759 or A$2414

I'm surprised at the lack of coverage on this one, especially since FAL has been in the news. There's nothing coming up so the share price should remain stagnant, it has to be said 'what a dud of a company' for one that has as good a ground as you'll get ---- unless ---- there's a reason why they want the share price low! and it's usually money in the pockets of anyone but retail ---- the ground is hugely valuable to Agnico, financiers would like a sniff too.

It's access to property to drill where they want. The initial 'roadside' drilling was a pretty clear indication that they can't negotiate with landowners and government to drill where and when they want.

They might be better off buying a project in West Africa where the red and green tape is much simpler for gold exploration.

 

[Barnouste]

Two months to go until the amended Heritage Protocol Agreement runs out

Glenlogan, do they walk?

Fosterville... it seems that they are having access issues. The ground they've got which surrounds the Fosterville gold mine is getting more valuable by the day but you'd never know it. What was the gold price on 5 October 21 when they were awarded block 4 ---- it was US$1759 or A$2414

I'm surprised at the lack of coverage on this one, especially since FAL has been in the news. There's nothing coming up so the share price should remain stagnant, it has to be said 'what a dud of a company' for one that has as good a ground as you'll get ---- unless ---- there's a reason why they want the share price low! and it's usually money in the pockets of anyone but retail ---- the ground is hugely valuable to Agnico, financiers would like a sniff too.

 

[Barnouste]

Two months to go until the amended Heritage Protocol Agreement runs out at Jillewarra

 

[Barnouste]

I can't stop following this stock as the ground they've got around Fosterville, West Murchison and Jillewarra is exceptional.

I'm calling a CR in the not too distant future purely on recent trading, call it quantum entanglement if you like but there's something there and for shareholders the availability of good ground to drill might come to light. Just on odds alone they're 50/1 to find anything that would give the market hope and a short term upswing, but they do have the ground.

 

[Barnouste]

Read the cards?




Agnico Eagle



Agnico Eagle D&D 2025 Exec VP Jean Robitaille – “With the merger of KL we were fortunate to have the Fosterville operation. This is a good operation and recently they have long term approval so we see at least another decade of operation. We’re working to improve the asset and probably increase slightly the throughput to maintain a decent operation. On this side we are aggressive on exploration. I don’t know who knows in the room” … [someone interrupted here and maybe edited this into the preso… “he has a strong accent I’m telling you, he’s hard to understand but after a few beers he said there is another Swan Zone’] … “We are aggressive on exploration, we would like to discover the full potential of Fosterville so the budget is quite substantial as are the other projects that we have”----What he said at then end in summary… “Ideological potential and political stability we ar working in partnership, we’re looking to have a partner and when we do, we work with others to participate but not just financially but also on the technical side so we are not shy to share our expertise to help to develop other projects and when the time comes we want to be the best partner”.



Mark Bennett PDAC “… when Agnico first took over KL the board came to Melbourne and the CEO said to me they were disappointed they didn’t get this block of ground in the tender but they don’t mind working in and around juniors because they know it’s the juniors that tend to be hungry and find things and then they buy them for a lot of money,”

 

[Kyngdom]

I can't stop following this stock as the ground they've got around Fosterville, West Murchison and Jillewarra is exceptional.

I'm calling a CR in the not too distant future purely on recent trading, call it quantum entanglement if you like but there's something there and for shareholders the availability of good ground to drill might come to light. Just on odds alone they're 50/1 to find anything that would give the market hope and a short term upswing, but they do have the ground.

CR 5th June approx 3.5 million

 

[Barnouste]

CR 5th June approx 3.5 million

Yes, that didn’t go unnoticed at the time, nor had I forgotten about it when I posted.

They were closing it on the days high on small volume at the end of the day for several days, it was unusual trading at the time.

 

[finicky]

S2R @ 9c on modest volume intraday - that's up 7% on a poor day for most goldies (I see BCN is an exception too)
Optimistic that a base has been made here.

With hindsight I could have sold the 90,000 I held for a ~50% CGT loss and taken 100,000 + 50,000 free options in the SPP but was too unenthusiastic to think about my position in S2R.

Held
Holding

DAILY

 

[Barnouste]

Yes, that didn’t go unnoticed at the time, nor had I forgotten about it when I posted.

They were closing it on the days high on small volume at the end of the day for several days, it was unusual trading at the time.

Plus at the time approx 2,200,000 sell @ 7.5 from memory was taken out. Sometimes it’s the small money that gives an indication rather than the chart shapers with big pockets.

 

[Sean K]

No news.

 

[finicky]

Held

Only 30% to go and I'll be at breakeven

 

[Sean K]

This doesn't explain yesterday.

Expected a 'please explain' before this.

 

[Kyngdom]

West Murchison drilling starts Monday results late Sept or early October....
Agnico completely surrounded at Fosterville and recent approvals going a long way to a further 10 year mine life extension at Fosterville..


chart - triple bottom in play with 0.17c target needs to stay above and close above 0.11c...

 

[frugal.rock]

Another one of the September comp gate jumpers!
No thread to start the banter in yet...
Hats off to @Kyngdom

 

[Kyngdom]

West Murchison drilling starts Monday results late Sept or early October....
Agnico completely surrounded at Fosterville and recent approvals going a long way to a further 10 year mine life extension at Fosterville..


chart - triple bottom in play with 0.17c target needs to stay above and close above 0.11c...

View attachment 207090

This playing out real well....For whatever reason..
up 40% today
target 0.17c and a gap to fill at 0.14c

 

[Sean K]

Pretty strange action based on nothing. Insiders adding, perhaps. Agnico taking a position, maybe.

 

[Barnouste]

Pretty strange action based on nothing. Insiders adding, perhaps. Agnico taking a position, maybe.

FAL money and they'll stick fat just like Sirius holders.

Then there's the Gold price and the lure of Fosterville/Agnico.

 

[Miner]

@Kyngdom - from your flying start I went back to Trading View and can see you are sitting on a pile of 24K gold pot.
Congratulations in advance and good luck to steal the show.
DNH and do not think of heard of it. Does not matter so long the winning hat is conferred.

 

[Barnouste]

Deed of variation at Jillewarra runs out in a month. That’ll be 5 years of ‘negotiations’ without an outcome.

 

[Miner]

Whats the deed for?and what it intends to vary? Not Trump's tariff i hope.
Cheers

Deed of variation at Jillewarra runs out in a month. That’ll be 5 years of ‘negotiations’ without an outcome.