This is a very informative quarterly and not disappointing at all! Far from it!
Now we know that St George had $2.841m as at 1 January 2022 and used $1.613m last quarter. So plenty of cash left and no need to worry about a CR until late March / April. By that time the sp should be significantly higher off the back of the highly anticipated seismic hole discoveries.
We also now know where they are at with Carnac, Pattersons, the starter mine and their other initiatives which have not been covered in the announcements over the last 2+ months. We might not be happy with the delays with the starter mine initiative but at least it is still a very real possibility and until we hear otherwise there is no need to panic.
Guess we will all have to wait for a surprise S1 announcement next week.
