Stroud Resources Ltd V.SDR

Market's reaction!

[Gimmesomemore]

Last year, Stroud's shares increased in price by more than 40% after Eric Sprott's funding announcement. It will be interesting to see tomorrow how the stock markets react to Friday's announcement that he did not exercise his warrants!

[tarnow]

Well it's not overvalued on its current proven resources at all. If 57% are insiders. Then not many who will be selling. I won't, as have no idea of results yet. Like I said $2 million more, when the guy owns so many shares is alot. Might just decided not worth it to him

[tarnow]

Tiny volume. But big drop. And large gap between bid and ask. As no willing sellers. Buyer but at much lower price of 60c This is still speculation as don't know results!

[Flopticalcube]

Selling volume picking up but price now in oversold territory.

[Flopticalcube]

Old gap from January at 60c now filled. New gap created at 64c.

[tarnow]

It is oversold on effectively no news. Sprott decided not exercise warrants at 60c. And people are speculating why? It could be lack of money. It could be that he has enough shares owning 51% and doesn't see going to 54% worth it. Paid 15c for his original investment, and doesn't like the risk return at 60c. Who knows? As for a change in drilling plans. We have had no official confirmation

[Flopticalcube]

My thinking is the same. No one knows why ES decided not to enlarge an already relatively overweight position. Sellers are speculating its company related and buyers are saying "who knows but it looks cheap".

[Nickdd]

It's a one asset play. is it cheap if all that can be drill proven is 50 mm ounces? is that size resource lagged enough to mine or star  was cut a buyer ? care to elaborate on it looks cheap 

[Flopticalcube]

Cheap realtive to it's recent price. That second question makes no sense to me.. Did you mean large enough? Depends on the economics of the resource. 

[GenHandgrenade]

Well predictably the share price dropped due to the Sprott failed to excercize but the more important factor is the lack of news from the drilling. Surely they have finished the 12 hole program they started in April by now. What the hell is going on?   

[gold_strike]

....they are having problems with fractured drill cores 

[Nickdd]

Company owes shareholders an update on drilling. long period of silence is not acceptable especially when there are issues.

[MrDupont]

They did not provide any update yet because they have virtually nothing to say! They still have no test results to provide! Drilling is not going so well!

[Gimmesomemore]

What you said is right MrDupont but i can tell you that when the results are published, they will be great! We will get them this fall! The share price will at least double!

[procuda]

Unfortunately there no longer is market,just manipulation. They are setting up to take us down. Usually right at the end of the day. 53 looks like the number. Jmho.