@wombarrapete .... "This sounds fantastic - someone tell me how this is not amazing please"
OK..
They are all thin pegmatite intersections, with the deepest ones being among the thinnest. 1m to 2m pegmatite thickness is going to be worthless, especially spread out as they are.
These are pegmatite thicknesses, not lithium thicknesses, which will be a subset of the pegmatite thickness.
It's because these results are so poor in thickness that they had to release the new dilution package at the same time..
Think about it, why dilute shareholders more if you were on the cusp of a major find?? Why sell more shares if they really thought they were onto something big?? Much more likely to accept the placement for another 23m shares if the cash was worth more than the near term results.
If SGQ ever find anything decent, there will be plenty of time for people to jump aboard then. In the meantime it is just more of the same, shouting 'fantastic results' for something that is very ordinary IMHO...
SGQ Price at posting:
7.4¢ Sentiment: None Disclosure: Not Held
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