SGQ 11.5% 2.9¢ st george mining limited

Ann: Mt Alexander - Drilling Update, page-50

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  1. 522 Posts.
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    Not everyone is looking for a quick buck.

    Some are long term investors prepared to provide their capital to prospective explorers via multiple capital raises in order to support a drive to the development of a resource.

    In SGQ's case this support, so far, hasn't led to a consistent or meaningful increase in the nominal share price or a quantifiable resource.

    The market cap has only increased due to issuance of shares.

    The stock is yet again under 10 cents as it was 2 months ago, 5 months ago, 2 years ago, 2.5 years ago, 4 years ago and 5 years ago.

    The opportunity cost of holding this long term will lead many to reconsider despite your, and the 5 or 6 posters after yours, relentlessly favourable view.

    Price is truth, and its down for a reason.

    GLTA.


 
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