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Ann: Borba and Production Update, page-37

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Holmes123

35 Posts.

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06/04/21

10:38

Post #: 52265458
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Originally posted by debono: ↑

The risk v reward was always going to be skewed towards potential failure probability however the prize was enormous. There still might be some commercial play and it is a duster yet. The disappointing thing is that the real TCF elephant in the Borba area is unlikely. You look at the seismic and the high zone results and the comments from GJ about the potential of the lower zones being the most exciting undertaking in his 48 years of experience simply shows how hard the exploration game is. So we accept that we aren't sending rockets to the moon and either sell, buy the dip or wait and see what is coming in the next 3 to 4 weeks.
I can't help but feel that the share price over the past week or so gave indications however these were contrary to GJ's excitement. The sell before results chalk up another win but that's the game.
I look forward to hearing GJ's next podcast.

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The key word is Exploration it was always high risk high reward. Mind you the risk did appear to be reducing with earlier announcements. Not selling at these prices but will not be holding for another 3 years.
I heard G.J. is going to change the name to Scgasco to Sacoilco maybe a bad joke. Well off to lick my wounds now.

SGC Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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