Unlike some, I don't think these forums should be just about promoting hype on any stock. There are already enough positive posts when they are not warranted, so some reality is always a part of overall discussion about a stock as an investment IMHO.
We all know, or should know, that every junior explorer is selling themselves with positives in every announcement, they all tend to gloss over the negatives, so again IMHO these forums are about balanced discussions on the merits of a stock, with company/director 'speak' already being overly positive.
In Monday mornings announcement hole MAD195 had only 24.6 metres to go to target. That was released at 8.25 AEDT. They will have easily drilled that by now, operating 24/7, so we can assume nothing hugely positive from that hole, otherwise there would be upward pressure on the SP and/or a trading halt.
It appears that reality upsets some holders here. St George have gambled that the current drilling will be successful before cap raising, instead of going to the market early.
BTW resource drilling at Investigators and Cathedrals was meant to start in February according to the announcement 21/12/20, this from pg 1 ...
"Reverse circulation (RC) drilling to support a resource estimate of the shallow high-grade mineralisation at both the Investigators and Cathedrals Prospects is scheduled to begin in February 2021"
There has been nothing about this in the last couple of announcements. Is this another case of bad news (some delay) that they just didn't bother to tell the market about?? Or do they need the next cap raise to be able to afford to do it??
SGQ Price at posting:
9.2¢ Sentiment: None Disclosure: Held
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