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Ann: Drilling to Commence at Plumridge Gold Project-SEG.AX, page-33

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In2win

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09/07/16

11:49

Post #: 18231344
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Originally posted by Rhama ↑

Lol, I like your logic Bunny12.

Just by comparison, I was watching a little company called Alchemy, who have gold tenaments not that far from SEG's and not that dissimilar. About a year ago they were drilling with mixed results and their share price was sitting, at that time, around 1.8 cents. Another little company, ADV, bought old lithium mines in Canada and their share price jumped immediately by roughly .5 of a cent and then went up further on the announcement of drilling. Another company, SGQ, has had very favourable drilling results in their nickel leases and they've been as high as 24 cents. If MMG get around to drilling soon and achieve something similar, you would expect, given that we are entitled to 25 percent of their finds by then, that might jump our price by 5 cents.

And don't forget that Zeus, our lithium JV partner, is predominantly a uranium explorer. We have uranium prospects too. It wouldn't surprise me to hear an announcement about that at some time.

The one thing about drilling, like you say Bunny 12, at least the SP goes up a little in anticipation of results. If nothing else, it gives people a chance to get out at a better price if they haven't the stomach to hold on and wait and see.

Anyway, just a few of my thoughts.

GLTA,

Rhama

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Great post Rhama,

I bought in 3 months ago because of the reasons you stated above.
More upside potential than risk imo.

Long term hold for me.

GLTA

SEG Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Ann: Drilling to Commence at Plumridge Gold Project-SEG.AX, page-33

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Ann: Drilling to Commence at Plumridge Gold Project-SEG.AX, page-33

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