SGQ 6.25% 2.6¢ st george mining limited

Ann: New Discovery of Nickel-Copper Sulphides at Mt Alexander, page-43

  1. 8,846 Posts.
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    @tbirdsrgo ..

    If you care to look up my posts on this, you can find the day I stated such on this forum. It seems some are jealous that some of us are ahead in our trading of SGQ over time. Good luck with your long term view, but I don't see anything but more of the same here.

    There will be random 'discoveries' of good grades of small pods, here there and everywhere over this ground, but while they concentrate on this one ultramafic unit, that has proven to throw up some nice small pods at a distance from each other, then it will be nothing more than a trading proposition IMHO.

    What's the follow up around this hole?? Nothing mentioned, but a huge hopes for the next hole 500m West. There is high grade mineralization here, but it is spread all over the place, not in a concentrated area that makes mining worthwhile. Enough to give a sniff, but any real discovery could be at a random time in the future, anything from next week to 5 years time, or not at all.
    So what is a company worth, that has a sniff now and then but after 5 years still does not have enough for a MRE??

    I notice that anyone wishing to sell with volume had to this morning. Volume on the buy side has dried up.
 
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Last
2.6¢
Change
0.002(6.25%)
Mkt cap ! $25.20M
Open High Low Value Volume
2.4¢ 2.6¢ 2.4¢ $50.84K 1.996M

Buyers (Bids)

No. Vol. Price($)
1 751317 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 6000 1
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Last trade - 15.44pm 28/06/2024 (20 minute delay) ?
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