PEA will be inconsequential as well10 Apr 2019 12:53
Here's my take on all of this and why the PEA won't matter to SP.
PEA only matters for majors or anyone who want to buy out Cascabel. The only way we move upward in going to be on corporate activity. We may get a very small bump up to low 40.'s but nothing near where we will be when the buyout begins. I've been in this game enough to realize that RNS's are mostly useless to SP at this time in an explorers life. Cash flow or corporate activity... nothing else matters.
PEA is slow because NM and cronies know that this is the case so they are making sure the changing resource reflects the PEA's strategy. The PEA is probably already been seen by Newcrest and BHP. Maybe they don't want it released to quickly as others will see.
We are a tier one resource that will get taken out in due course. Worrying about every RNS is truly a waste of time. The timing of everything will just happen as there are many factors in play that we, as shareholders, don't see. Gov't policy is one.
One day soon we will wake up and the SP will be double. All the the TA's will jump in and tell us about candlesticks and support levels.... but the real and only mover is going to come suddenly and unexpectedly.
Watch the Masters, Go on a bike ride, play golf, go to work, have a drink, bang.... live your life and be patient.... it sucks but that's how I see it playing out
All the best lads