SGQ 0.00% 2.5¢ st george mining limited

Ann: Highly Successful Drilling at Paterson Project, page-27

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  1. 321 Posts.
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    100% agree and inline with my thinking too @Dazedandconfused

    Whilst it's good to see updates, market would be in mood to entertain overenthusiastic statements combined with slowness. Overall I felt the announcement is positive.

    Positives for me:
    - Completed Paterson program as per plan
    - Early indication of mineralisation. I believe Gold is not easy to guesstimate, like Ni with a hand-held XRF machine
    - Indication that a number of drill holes will have the entire hole sampled for laboratory assays

    Negatives:
    - Slow progress overall...can understand the delays in assay results, but may be spend more on rigs and have more of them than shuffling them across

    Next update I believe would be the Canada results...possibly included in the Mt Alexander drilling plan, that was alluded to as coming shortly in today's release.

    A serious test of patience this one, which I believe long term holders are exhibiting. Even though we've list a 52 week low this week, the volume doesn't appear to be capitulation like.

    good luck to all, and have a nice weekend
 
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