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Spey Resources Corp. (SPEYF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.1700+0.0350 (+25.93%)
At close: 01:09PM EDT
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  • M
    Michael
    I remain patient - this will take some time, I believe SPEY will turn in the updated NI 43-101 report, that gets the Cease Trade Order lifted by the British Columbia Securities Commission, and the NI 43-101 report is made public announcing great results from the core samples they took last year! In a few years we all reflect back on our choice to stay strong and patient!
  • S
    Sandman
    Okay, the warrant period has been extended, but when will trading resume? With the lack of communication, I am fed up with this company. When trading resumes I will be unloading my entire position, whatever the price. I've lost faith in Nader.
  • D
    David
    when do you think it will be trading on canadian market
  • V
    Venu
    Does the company have $6 mil cash? If they do, why not pay up and acquire the remaining 20% of Candela project? It seems they are trying to give up remaining Pocitos for $6 mil and use that to acquire remaining Candela. One has to assume Candela is more valuable and hence putting all eggs in that basket. However, the option to acquire remaining Candela expires on 3/18/23 - a year away. Can the trading restrictions be lifted in near future and the results from Melbourne be released?

    If there is a modicum of potential in Candela II, the stock could go up to $7 giving the company a market cap of $500 mil.
  • F
    FRANK C
    At least on Yahoo, it appears that SPEYF is not trading. No news on Yahoo, however, last price is .19 and indicates yesterday, April 12th at 3:59 p.m.
  • A
    Anonymous
    Just watched Darth Nadar's really professional youtube video again - why didn't they use the money they invested in a 'professionally' produced video on getting the company back on the TSX. Wish I had never heard of SPEY Resouces - it was one of the companies that Motley Fool pushed to 'buy now' - wonder how much Motley Fool got paid by SPEY resources??
  • S
    Supermaxmoney
    Yes it would be nice to get some news as to when will they resume trading in Canada with a bunch of malarkey
  • V
    Venu
    Ok. We are all watching paint dry. What do they employees do? Do they just show up and collect paychecks? Don't they get bored? Sorry.. This is beyond ridiculous.
  • G
    Geordie
    3x the volume today...something is happening soon
  • K
    Kenneth Kissane
    This should soon make us money $$$$$

    Vancouver, British Columbia, March 14, 2022 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey” or the "Company") is pleased to announce that it has paid the U.S. $1 million option payment, and completed U.S. $500,000 in exploration expenditures, in respect of the Candela II project in the Incahuasi Salar in Argentina. Accordingly, pursuant to the terms of the option agreement with A.I.S. Resources Limited (AIS), Spey has exercised the option to acquire 80% of the Candella II project. Spey has also, as a result of exercising the option, acquired the further right, but not the obligation, to acquire the remaining 20% interest by making a payment of U.S. $6-million on or before March 18, 2023, which payment amount is subject to adjustment pursuant to the terms of the option agreement.
  • k
    kevin
    Why this Spey.cn stock has been halted too long. How can we sell this stocks in wealthsimple app ?
  • T
    TERRANCE B
    how is it the american stock is still up and running and not the Cdn
  • D
    David
    when will we see this on a canadian exchange
  • V
    Venu
    What is going on? Down 40% on no news. Any inside gossip?
  • D
    David
    will this every get resolved ? or are we down and out at 0
  • B
    Brian
    Agree with Gordie, they wouldn't be spending "Good Money" after "Bad Money" if they weren't intending to rite this ship. Even after this though, they have to respond to BCSC's four requirements and make them pleased enough to lift the NO TRADE order.
  • G
    Geordie
    lol whos got level 2? did someone buy 900k shares at open today? hence immediate hi volume and price spike for 20 minutes
  • K
    Kenneth Kissane
    Until Tech One does these payments and all options we shareholders of SPEYF don’t have the ownership of what’s at issue here.:

    Tech One can option 80% of Candela II by making the following schedule of payments and expenditures under the Option Agreement:
    • US $100,000 payment within 5 business days of signing the Option Agreement (PAID);
    • US $100,000 payment within 5 business days before September 18, 2021;
    • US $1,000,000 payment in within 5 business days before March 18, 2022; and,
    • Making US $500,000 in exploration or production expenditures by no later than April 21, 2022.
  • C
    C
    Cease Trade Order
    Spey Resources Corp.
    Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
    ¶ 1 Spey Resources Corp. (Spey) is a reporting issuer in British Columbia and failed to
    file:
    1. A technical report for its Incahuasi Project as required under section 4.2(1)(j)(i)
    of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI
    43-101), to support the disclosure of the preliminary economic assessment in the
    Company’s July 1, 2021 corporate presentation,
    2. a Form 51-102F4 Business Acquisition Report as required under Part 8 of
    National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) for
    the significant acquisition of Tech One Lithium Resources Corp.,
    3. the material contracts in relation to the acquisition of Tech One Lithium
    Resources Corp. as required by sections 12.2 and 12.3 of NI 51-102,
    4. a Form 51-102F3 Material Change Report as required under part 7 of NI 51-102
    in relation to the significant acquisition of Tech One Lithium Resources Corp.,
    5. a Form 51-102F1 Management’s Discussion & Analysis for the three and six
    months ended May 31, 2021 completed in accordance with the form
    requirements.
  • V
    Venu
    How long before results from Melbourne are revealed? Are they had and the company is hiding? They already started collecting samples from second site. What dies it mean?