SGQ

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3.6¢ st george mining limited

Ann: High-Grade REE Discovery, page-51

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coto

11,970 Posts.

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13/12/23

10:19

Post #: 71420037
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Originally posted by ozblue: ↑

You guys need to pay attention to what the market thought of these results... absolutely nothing, as per the share price inaction, since the latest mention of the word discovery...

Plus the minor detail I already mentioned about how WA1 talks REEs as a percentage, while SGQ talks parts per million.. Then look at a company like POD that has a resource with lots of valuable metals (not REEs), but has an Mcap of ~$10M, about a third of SGQ's overpriced $32M..

Have a look at this total misleading BS from last weeks battery conference in Shenzhen by SGQ .....

"Results in 2023 confirm a lithium bearing pegmatite system with:
* high-grade lithium up to 1.8% Li2O from surface to vertical depths of 300m
* flat-lying pegmatites up to 121m thick intersected at the Manta Prospect"

At some point the market is going to work out that this mob are full of BS and have nothing worthwhile. They continually talk up very ordinary results and holders here, desperate for the SP to rise so they can get out, continue to propagate the rubbish as if it was meaningful.

IMHO the game at the spec end of the market is buy when a potential meaningful drill program is happening, with potential for something large, hold in the rare cases of success (like a WA1), or get out quickly on failure, be a man and take the initial loss as the loss always gets larger on the unsuccessful campaigns.

The REEs results needed the wow factor to wake the market up. Something like 20-40m of 1-2% grade from several holes showing a consistency of grade and size of deposit.. Instead they were ho-hum...

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Whole market is shot, even WA1 is down 40% from its highs. Hopefully 2024 is a better year and we can finally enjoy a sustained uptrend. Initial results at Destiny are great, nobody can deny that. Most first pass exploration programs dont find anything substantial. Most of us holders will continue holding long here and waiting for the market to shift. Good luck to you and your investments oz and merry Christmas and happy new year!

Last edited by coto: 13/12/23

SGQ Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
5 Upvote

2 Great analysis

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Last 3.6¢		Change 0.001(2.86%)		Mkt cap ! $39.18M

Open	High	Low	Value	Volume
3.5¢	3.7¢	3.4¢	$376.7K	10.56M

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Ann: High-Grade REE Discovery, page-51

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Ann: High-Grade REE Discovery, page-51

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