SGQ 3.23% 3.2¢ st george mining limited

Precisely my point. The cash burn in this company is like...

  1. 661 Posts.
    lightbulb Created with Sketch. 220
    Precisely my point. The cash burn in this company is like nothing else. Everyone can see it plane as day if they look. I even summarised it all a few months back in a new thread.
    Deep diamond drilling is expensive and they couldn't find it when it was shallow. It was always a recipe for failure. The money should have been spent developing the 3 resources after they hit that good intercept that sent us to 30 odd cents. If they continue on the path they are, they will have a billion shares on issue and be down near the 3-4 range.
    It would take a strong change in course for me to consider re entering on this one
    Last edited by 2011doogs88: 10/04/21
 
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