SGQ 0.00% 2.5¢ st george mining limited

Ann: Mt Alexander - Drilling Update, page-114

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  1. 1,831 Posts.
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    Petraphysics was spot on when he said more drilling will be required to locate the ore bodies within these large anomalies.
    A little bit disappointed, I was hoping to see some indication of sulphides, even just veins. But atleast we have similar rocks to what has already been found near our existing mineralisation. That is a huge positive, DHEM will be vital in assessing our next moves on these anomalies. Really hope we can narrow in on the source/s.

    The only people who should be really concerned right now are the option holders and short term traders. Not a lot of shares have traded since the announcement that tells me most of the long term shareholders are sitting tight. Seeing as many of us long termers have a serious amount of shares, and could've damaged the SP far worse from where it currently sits.

    We need to remember we have Newexco running the show here, they don't just give up, this is their bread and butter. If there's something to be found this crew and the rest of the expert mob will find it. It's definitely worth the risk to hold imo.

    I have emailed JP about drilling the enormous anomaly in our northern tenement, I will post as soon as I get a reply next week.
 
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