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2.6¢ st george mining limited

AJ, all the talk about CR's etc are from some HC posters. I...

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Trapper

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03/04/20

10:43

Post #: 43857672
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Originally posted by Averagejoe2013: ↑

Whilst all the talk is of capital raising and money... I cannot fathom why we wouldn't throw a few holes in the ground before any raising it or debt financing. Only then will JP and the SGQ management would know which would be a better option.
Eg. We hit 15-20m at 5% they will all run to throw SGQ money, Corona, pandemic or GFC or what not.
We hit 10m at 3-5% maybe debt finance in hope of hitting a better target.
We hit 5m same grade capital raise or choose whatever with the knowledge of geology or target yet again etc etc etc....
They should not raise until they drill a few targets which will reinforce what SGQ and its potential targets from the MT and Samson. Give meaning and give knowledge to a deeper level and make further decision based on findings as opposed to the hypothetical of blue or yellow until its certain....

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AJ, all the talk about CR's etc are from some HC posters. I would be very surprised if JP and Co are not doing pretty much what you suggest.
Cheers,
Trapper

SGQ Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
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Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $25.70M

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Price($)	Vol.	No.
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