SGQ 3.03% 3.4¢ st george mining limited

Ann: St George Opens Share Purchase Plan, page-29

  1. 8,913 Posts.
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    They don't have to announce anything for a duster, as it continues to be a junior explorer without anything. Only if they had hit a decent amount of massive sulphides would something need to be announced, as that would be price sensitive.

    The reasoning is that a duster doesn't add or subtract to what they currently have, so it's not price sensitive.

    S2 would have been finished a couple of weeks ago, realistically they are well into S3. The centre of target at S2 was at 550m down hole, so they should have reached that depth 5th-7th of March at the latest drilling less than 30m/d.
    Given that S3 is only a total depth of 390m they shouldn't be far off completing that one as well if allowing a couple of days to pack up and move rig and set up again.

    I still expect all 5 holes of this campaign, drilling the seismic targets, to be duds for reasons I gave weeks ago...
 
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