SGQ 7.14% 3.0¢ st george mining limited

Ann: Mt Alexander - Exploration and Development Update, page-19

  1. 3,238 Posts.
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    I must admit, something that concerned me, was that they even let the rig go.
    Everybody in the game knows thats rigs are scarce during this part of the cycle.
    Surely there would have been a hole or two that could have been drilled to keep the rig busy at another spot while the EM work was being conducted.
    That way the rig is retained for the main flow while constructive data (needed soon enough anyhow) is accumulated in the meantime.
    Once you let the rig go you run the risk of not getting it back when you would like it. Once on someone else's site and drilling, there can be many good reasons to keep it there. Everyone is in the same boat this time of the cycle.
    We have money in the bank ready to do the drilling, sometime, why not now? A critical strategic error in my opinion.
    Last edited by lucky 992: 21/12/20
 
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