SGQ 0.00% 1.8¢ st george mining limited

Firstly this is a forum where all opinions count, it is NOT a...

  1. 8,682 Posts.
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    Firstly this is a forum where all opinions count, it is NOT a fan club web site. If you want just holders to encourage each other and not look at the reality of the situation, then you are free to start up such a web page.

    Many of us have held this stock in the past and are 'interested' in not only how it's going, but what and why compels people to hold onto an obviously losing proposition for so long.

    History clearly shows that most junior exploration companies go bust and get delisted. Yet here you are, complaining about people commenting on an overpriced junior explorer, relative to other junior explorers that also have no resource oof any type, plus the Mcap is above the Mcap of some explorers that do have a material resource!!

    It's an anomaly which is highly likely to return to the mean of valuations, which would mean sub $10M Mcap in current market conditions, unless of course they actually found something of value..

    Are the odds of finding something of value higher here than other juniors with 'good' tenements not yet explored/drilled??

    I explained a couple of years ago that the main tenements of the Mt Alexander area were less likely to have a major find, because they had been drilled like Swiss cheese. There we less areas left to explore, especially near the main faults!!

    Once the Mcap returns to the average of these juniors, then it will become just as likely as any other to find something or go bust. Right now anyone buying is paying above the average for a junior with nothing, which also means current holders could sell at present above the average price expected for a junior explorer, which begs the question of why hold on to something overvalued? That's what some of us find fascinating..
 
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