(ASX: SPQ) Superior Resources Limited is an Australia-based mineral exploration company. The Company's principal activities include exploration of lead-zinc-silver, copper, gold and nickel-copper-cobalt-platinum group elements (PGE) deposits in northern Queensland.
The company also owns interest in the projects of Deep Yellow Limited.
SPQ Recently raised $4 Million AUD via a share placement, where "sophisticated" investors where given the opportunity to purchase shares at a value of $0.03 per share. For every standard share purchased, the investor we're given 1 option with a strike price of $0.06, expiring 18 months from now.
The lead manger for the prospectus is Whario Capital, which seems to be a very lucrative investment firm, who is a corporate authorised representative of Redleaf Securities.
A number of shady individuals have been given access to this opportunity, one of whom has been charged and fined for dishonest conduct on the ASX.
A number of these holders are either running small investment firms in order to purchase these securities, or they're doing it under there name.
This "Idea" isn't based on the companies financials, the company itself seems extremely dodgy, because this isn't their first time offering options to select individuals.
They claim that the $4 Million raise is to fund their existing projects and to hopefully propel them into stage 2 of a number of their projects.
Their is a huge opportunity for retail investors to do their own research on this company, and potentially follow the smart money to a somewhat healthy return.
The company also owns interest in the projects of Deep Yellow Limited.
SPQ Recently raised $4 Million AUD via a share placement, where "sophisticated" investors where given the opportunity to purchase shares at a value of $0.03 per share. For every standard share purchased, the investor we're given 1 option with a strike price of $0.06, expiring 18 months from now.
The lead manger for the prospectus is Whario Capital, which seems to be a very lucrative investment firm, who is a corporate authorised representative of Redleaf Securities.
A number of shady individuals have been given access to this opportunity, one of whom has been charged and fined for dishonest conduct on the ASX.
A number of these holders are either running small investment firms in order to purchase these securities, or they're doing it under there name.
This "Idea" isn't based on the companies financials, the company itself seems extremely dodgy, because this isn't their first time offering options to select individuals.
They claim that the $4 Million raise is to fund their existing projects and to hopefully propel them into stage 2 of a number of their projects.
Their is a huge opportunity for retail investors to do their own research on this company, and potentially follow the smart money to a somewhat healthy return.