S2R - S2 Resources

[Barnouste]

Glenlogan getting close, very close, as early as tomorrow or Monday might see some movement in the share price

 

[Sean K]

Glenlogan getting close, very close, as early as tomorrow or Monday might see some movement in the share price

The first hole at Glenlogan is going to take 4-6 weeks from 18 Jul and then go in for assay which might take another month for results, so mid to late Sep. And it might hit nothing. Their record of hitting anything of substance has so far been sub par.

 

[Sean K]

Creasy isn't doing too well on this one. He needs to work his magic and get them to zone in on a Swan or other type bird. So far they've just drilled up dirt, hence the disastrous looking chart. Not even sure if they've got drills spinning at the moment.

Only have a few bucks in this, throwing a dart in hope. Maybe the best thing will be for Agnico to buy it off them.

 

[Sean K]

@finicky will you get on the phone and tell these guys how to drill holes into mineralised ground. Thanks.

 

[finicky]

@Sean K they've found a variety of igneous rocks with a single dd hole, what more do you want?
I'm stoked.

 

[Sean K]

@Sean K they've found a variety of igneous rocks with a single dd hole, what more do you want?

VMS with visible gold and chalcopyrite.

Don't igneous rocks make up 90% of the crust?

 

[Sean K]

Market has spoken.

I thought 9c might have been a bottom and it was building some momentum for an upward run, but, wrong.

I wonder if they're still doing 'roadside drilling' around Fosterville, or they've managed to get farmer's clearances to drill where the actually want to? Or, they keep drilling at depth around Goornong where they've discovered some dirt along a fault they're calling Blackadder. Funny.

I might drive up there with my metal detector and point out some good locations for a drill collar.

These guys need to get sirius.

 

[finicky]

"Well funded"
@Sean K last time they said this and had this level of cash, "$4.4m end if Sept Qtr 2023, it was only a month or two before they did a capital raise.

Held
Holding

Diggers and Dealers 5 Aug 2024

 

[Sean K]

"Well funded"
@Sean K last time they said this and had this level of cash, "$4.4m end if Sept Qtr 2023, it was only a month or two before they did a capital raise.

Held
Holding

Diggers and Dealers 5 Aug 2024
View attachment 183632

They might be waiting to pull up some core with some golden freckles (or salt) in it to then hit the market with a CR to continue paying the director fees.

 

[Sean K]

They're going to be raising at a pretty dismal level @finicky

 

[Sean K]

@finicky we only have two days to nominate as Directors. I'll second your nom if you second mine. Let's take over and show them how to drill a hole into the ground and salt it with some yellow stuff.

This is a very sad picture.

 

[finicky]

Bottom drawer hands off tatts ticket.

Held
Holding

 

[Sean K]

Bottom drawer hands off tatts ticket.

Held
Holding

This had a 6 in front of it last week.

Not sure why they're wasting their time throwing darts in WA and NSW. Maybe because they can't find any gold in Vic.