SGQ 2.86% 3.6¢ st george mining limited

SGQ in 2020, page-182

  1. 663 Posts.
    lightbulb Created with Sketch. 226
    Agree with OT here Sean. As soon as a resource is announced it's game over IMO. Share price could take a hammering. SGQ know how much is there, they are just not pressing on with it to make it JORC complian...and for good reason. They know resources like this get punished because it is less than what everyone expects and companies can come in and low ball a bid. They are simply trying to increase the tonnes and find the deeper source. Treating it as an exploration project, not a mining project.
    A JV would be a good option for me. It would allow additional funds and a more aggressive exploration approach, which is definitely needed. We can't keep raising capital and drilling diamond holes forever.
    Rushing resources is never smart.
    Last edited by 2011doogs88: 21/01/20
 
watchlist Created with Sketch. Add SGQ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.