SPQ: Caught between a rock and hard place praying for a nickel strike...IMO not a great place to be, but at least they survive for another round of drilling and who knows, just maybe, they will strike it rich...the question now is would you bet the farm on it...dare I say no...

For the record I do have a position in SPQ at much higher levels purchased back when all the hype was suggesting it was only a matter of time before we hit the big one AND I made a decision to gamble and will live with the consquences of that decision... I guess I continue to wait....but I do expect nothing at this point as the only thing that will save SPQ now is a discovery and I am afraid it will need to be a big one and that may never materialize...Sorry, I really do not mean to be negative, but one does and must face reality...I hope I am wrong!

"Proceeds raised through this private placement will be used to finance an expanded exploration program on Spider's projects in the McFauld's Lake area"