Ann: Highly Successful Drilling at Paterson Project, page-29

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13/08/21

11:51

Post #: 55263527
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Originally posted by buddi ↑

100% agree and inline with my thinking too @Dazedandconfused

Whilst it's good to see updates, market would be in mood to entertain overenthusiastic statements combined with slowness. Overall I felt the announcement is positive.

Positives for me:
- Completed Paterson program as per plan
- Early indication of mineralisation. I believe Gold is not easy to guesstimate, like Ni with a hand-held XRF machine
- Indication that a number of drill holes will have the entire hole sampled for laboratory assays

Negatives:
- Slow progress overall...can understand the delays in assay results, but may be spend more on rigs and have more of them than shuffling them across

Next update I believe would be the Canada results...possibly included in the Mt Alexander drilling plan, that was alluded to as coming shortly in today's release.

A serious test of patience this one, which I believe long term holders are exhibiting. Even though we've list a 52 week low this week, the volume doesn't appear to be capitulation like.

good luck to all, and have a nice weekend

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jp's got a way with words when i first saw the ann't headline i dived into it thinking at last we've struck it but alas same old same old ,having just popped back into this for a trade while the sp was at its lowest and with an array of ann'ts due = got it wrong again=praying for a trade out before next c/r.

SGQ Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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