SGQ 6.25% 2.6¢ st george mining limited

Ann: Diamond Drilling Underway at Mt Alexander, page-39

  1. 8,846 Posts.
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    @mulac1 .. Try a serial reminder that all is not good here which is why the SP is so low.

    I deliberately didn't mention the other companies name as I didn't want to cross promote, it's a speccie, with one hole possibly being a Disallowed.

    You don't get those odds here, as assuming drilling the 81,000 Siemens conductor hits a decent length of MS, the SP is not likely to go up much as the market is well aware of this company crying wolf (discovery!!), only to later fall back hard.

    The last MS hit only propelled the SP to 11c before quickly falling back. The market learns over time what to expect, so will be interesting to see the reaction of the SP here of this current drill program. Wake me up when they have a 9,000 Siemens conductor that is 500m long, not 13m long...

    Even yesterday's announcement couldn't be honest with shareholders telling them the full specifics of what they were drilling, leaving out highly relevant details...
 
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