SNG siren gold limited

1.00%

5.1¢

High Grade Maiden Gold JORC Resource by Christmas 2021, highly...

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Goldhunter122

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14/10/21

15:11

Post #: 56801791
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Originally posted by Bazz58: ↑

Two good announcements from SNG and ICL today, wonder was it just coincidence that the Gold Price was up strongly overnight. IMHO both SNG and ICL are both long term plays, so a lot of patience is going to be required, I am thinking possibly 3 to 5 years, and this all depends on firstly finding economic amounts of gold, then proving up a resource, which requires enormous amounts of successful drilling, and that doesn’t happen overnight. I believe the story of both companies is still in its infancy, but with further exploration success it will grow. Right now it is small parcels of shares changing hands, small spec punters and traders, some of them flipping the shares to make enough for a slab of beer, a big mac or a happy meal. If the drilling going forward is successful and economic and the resource estimates are upgraded and proven, then this will attract a different type of investor and the share price will appreciate considerably. A very wise person once told me years ago that the money in the share market transfers from the hands of the impatient , to the hands of the patient.

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High Grade Maiden Gold JORC Resource by Christmas 2021, highly unlikely this will take 3-5 yrs Bazz.

Brian Rodan doesn't waste time nor money.

With the Gold Price at $A2,400/Oz, it will reach a tipping point very soon.

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SNG Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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Last 5.1¢		Change 0.001(1.00%)		Mkt cap ! $11.05M

Open	High	Low	Value	Volume
5.1¢	5.1¢	5.1¢	$79	1.547K

Buyers (Bids)

No.	Vol.	Price($)
10	19463	5.0¢

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Price($)	Vol.	No.
5.1¢	139320	2

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No.	Vol.	Price($)
10	19463	0.050
2	72842	0.049
3	1060000	0.048
2	101000	0.047
1	19000	0.046

Price($)	Vol.	No.
0.051	139320	2
0.053	154395	2
0.054	20000	1
0.056	21000	1
0.058	50000	1

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