Sean K
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Big delay on the Fosterville holes. They were supposed to be out this week or next. Now July. 
S2R - S2 Resources
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You should never have got into this stock Sean
Sean K
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Still happy to have rolled the dice. I think I've got my money's worth just waiting, watching and being continually disappointed.
Sean K
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They could have done this a month ago at 11c, but now it's at 8.5c so it's going to be in the sewer when it announces a CR at a 20% discount.
CRs are killing me.
CRs are killing me.
27.7 Million @ 0.72c to raise 2 million...for 6% dilution...15% discount...They could have done this a month ago at 11c, but now it's at 8.5c so it's going to be in the sewer when it announces a CR at a 20% discount.
CRs are killing me.
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Sean K
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Not really....2 million?
keeping dilution to a minimum would be a better way to describe the current situation.....
They could of easily went the maximum allowable without shareholder approval but didn't...
They had 2.2 million last quarterly. Now another 2 million...
Lets not beat around the bush...
What are we in exploration stocks for = for me a major discovery like CHN....(Well it was at the time)
So Glenlogan next 1 Diamond hole straight thru a potential Cadia
Then west muchison big potential
Jilliwarra could surprise if they can get a heritage whatever signed think Big Bell and never never...
These guys are going after the elephant and well while they have been finding the sardine the elephant still is to be found..
Better haveing 2 million to keep the drill bits spinning than investing in a lifestyle company like so many others are- GL
Sean K
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I like your positive outlook, but that doesn't bring home the bacon. I knew the writing was on the wall with this when they started doing 'roadside drilling' around Fosterville. I think they teach that method of minerals exploration in Mining Geology 180. You always find an elephant by drilling from the side of a road.
In this end of town you are backing the people running the Co or not at your own peril IMO- I have had numerous talks with MB as a shareholder and like the way they are going about things.... Big drilling campaign happening now - and while its disappointing a cap raising at 0.072c you need $$$ to keep the drill bit spinning - I did dump 350k last Monday sending it down to 0.083c from 0.09c sensing something was not right with the Friday announcement with all the delays and the June tax loss selling ... Dilution minimal with this raise = 6% but there is a small gap at 0.072c so good chance that will be revisited as they most always do so exceppt just recently LKY our leader brd at times winner - However that will depend on the way they announce this last CR and good chance management may have even taken some of the offer up .... However these guys are doers and refrain from bragging any hype at all (which at times fustrates me) so if and when a good announcement comes out it will be good real good ... Fosterville lot of arm wrestling with locals as you know but one way or another landholders will have to grant access and they have access where they are drilling now- Jillewarra will be a drill now when Heritage access is granted (4 years in the making so far) its on trend from Spartans Never Never and BIG Bell - As said before remeber ramping up DOMinion mining (some said it was a dog with fleas) and CHN and they came good but a lot of others didnt...Me thinks this will be one of the ones that will come good and very soon...GLI like your positive outlook, but that doesn't bring home the bacon. I knew the writing was on the wall with this when they started doing 'roadside drilling' around Fosterville. I think they teach that method of minerals exploration in Mining Geology 180. You always find an elephant by drilling from the side of a road.
Curiously there has been a long delay for results and a sell down along the way, then up pops a CR and now a massive sell down. Smells to me like Fosterville results are a disaster like I suggested in early May
Back to low 6's and beyond. I thought this was a pretty good stock with MB, Creasy and its targets.