Ann: Mt Alexander - Drilling Update, page-71

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Paavfc

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26/07/20

08:51

Post #: 46069092
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Originally posted by tradealot: ↑

Hi Chang

It's OK to have a whinge sometimes. And yes the SP has stayed flat for years. However you really need to consider the full picture and what's happened behind the scenes over the last few years.

You value a business on it's market cap, not the shareprice. So in actual fact sgq's business has improved 100% in the last few years.

Previous 2-3 years back - SOI (Shares on issue) 250 million @ 10 cps = 25 million MC

Current SOI ~ 500 million @ 10 cps = 50 million MC = 100% increase in business value.

Increased MC happens when the market is impressed with the projects potential, the progress that's been achieved, and the direction that management is steering the company etc.

The foundational groundwork has been implemented for MA over the last few years, and now it's time to progress the busines to the next level, based on those exploration results. And that means an increase in the sp / mc if all unfolds to current expectations.

Exploration is lots of work, then rewards. Like the saying goes.... the only place rewards / success comes before work is in the dictionary.

There's so much that going to unfold in the next 3-6 months and then 6-12 months for St George and it's shareholders. Exciting times!

Cheers
Tradealot

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Increased market cap does impress me if the shareprice is lower than my entry.
Dilution and unconfirmed exploration has held SGQ back for years...

SGQ Price at posting: 9.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.9¢		Change 0.003(11.5%)		Mkt cap ! $31.56M

Open	High	Low	Value	Volume
2.7¢	3.0¢	2.7¢	$368.4K	13.13M

Buyers (Bids)

No.	Vol.	Price($)
4	247967	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	541204	5

View Market Depth

No.	Vol.	Price($)
4	247967	0.027
13	4793799	0.026
9	7487433	0.025
12	2909217	0.024
5	3623912	0.023

Price($)	Vol.	No.
0.029	541204	5
0.030	1104692	5
0.031	1016000	2
0.032	446667	2
0.033	415000	3

Last trade - 16.10pm 21/10/2024 (20 minute delay)

SGQ (ASX) Chart

Ann: Mt Alexander - Drilling Update, page-71

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Ann: Mt Alexander - Drilling Update, page-71

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