Ann: Strategic Investment from Global Battery Investor, page-30

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10/11/23

09:31

Post #: 70824484
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Originally posted by ozblue ↑

It's possible to cite other juniors that were 'worthy' of investment from large Chinese companies or their affiliates that had a boost to SP then found precisely nothing and the Mcap fell. EFE being one if you want to look up the history and the disaster that turned into...

Yes JP can keep the game going for a while longer while the dilution grows, and he did well getting funds in a fairly tough environment for raising funds at present.

Costs of everything in WA exploration and mining have gone through the roof in the last couple of years, so the extra funds need to be used wisely, instead of the scattergun approach used by SGQ over the years. There are lots of tenements and drilling should only be used on the best prospects, then cut them if nothing found.

The history here is wasting too much cash on trying to force a discovery where the geology clearly indicated nothing worthwhile, all the nickel drilling for no MRE being the perfect example. How many holes overall, over 400, or more? Try drilling that with today's costs!!

Basically, this mob has been a disaster for speculators over the last 10 years, with failure, lots of spending, more failure, more dilution. I'm wondering why people would expect the pattern to change??
I seem to have more success with newer mobs with some interesting ground and low shares on issue, my niobium mob not doing too bad and only been in existence for 18 months with very low shares issued. It's not the first time either..

My experience has been for the older junior companies that keep on working to the same old pattern are those more likely to keep going exactly the same way as their history shows. Some old juniors that completely re invigorate themselves with consolidations, new managements and new ideas, seem to to be the ones that more often have success..

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nothing to see here lol just history repeating itself = more empty holes ,more wasted investor $ers, more dilution well done JP you the man.

SGQ Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
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