SGQ 0.00% 3.6¢ st george mining limited

Ann: St George Commences Drilling at Paterson, page-148

  1. 3,777 Posts.
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    apologies, my intent isnt to rub anything in. we've all been burnt & its all part of the learning/investing journey.

    don't begrudge any1 a dime and hope it works out for you.

    my interest here is purely educational. investment theory vs gambling....i stuck some hard earned a while back in this dud and I want to ensure i dont make that mistake again with a similar copycat - plenty out there!

    The countless p&ds, hype notices, use of "buzz word" terminology over the many years has taught me the warning signs which i have noticed in others, avoiding a world of financial hurt and opportunity cost of holding dead money stuck trying to avg down or breakeven for years while mngt got minted.

    Knew nothing about mining about 2 decades ago and now have a broad enough level of understanding to discern b/w the diamonds & the rough, across many mineral types.

    by challenging some of you to your investment thesis also helps me to c what i have missed (for those kind enough to share without being overly defensive - you know who they are) and whether it holds enough validation to re-enter. Nothing i have seen justifies this so far. Way off in fact. Just some fortune teller stuff about the "magic hit" that's on its way (sounds like JP spins) and JH with his 100% track record and how it will magically apply to this.....

    i have done the same on many other forums, and gained plenty of insight. Challenged the hawsons guys at 7c, well it bagged to over $1. same at melbana etc. compare them, it helps.

    all the best - tough days ahead, at least 3-4 interest rate rises to come and commodities are usually inversely correlated.....but again, you have to have the reserves before you can be classed a player....

    gltah -
 
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