Messaged with IRRecent exchange with their IR, Lenna Mae Leopoldo, indicates the company is fully compliant with all regulations and continues to negotiate opening mining operations at King King. General tone is positive...
72 million private share sale is intriguing and at SP doesn't represent a huge investment - on the flip side $5 million isn't the type of money most throw around without due diligence.
This is a hold and believe this is a 10-15 bagger on immediate news if open pit mining is favourably negotiated in the Phillipines.
Given gold trajectory, actually production would mean 20-25 bagger...or more?