SGQ 9.38% 3.5¢ st george mining limited

Ann: Share Purchase Plan Update, page-32

  1. 1,453 Posts.
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    the pessimistic way of looking at this is the drilling announcement was made to increase the share price to get a higher acceptance of the spp . Then when locked in the share price will drift down or tank if the results are bad . What will probably also happen is an announcement will be made informing the market of the scale back and holders will sell of there existing holdings (partially) to make a short term profit . I’ve seen it all before . The only way to stop the selling pressure is spectacular drill results either this week or early next . I’ve seen this scenario too . It’s still a punt to make a profit out of the spp. If you have a belief in the companies long term prospects then a good chance to accumulate a few more . Good luck haven’t decided if I’ll buy more or not . I could miss out if it closes early . Haven’t had a lot of luck making money on this one over the years
 
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Last
3.5¢
Change
0.003(9.38%)
Mkt cap ! $38.09M
Open High Low Value Volume
3.3¢ 3.6¢ 3.3¢ $422.9K 12.23M

Buyers (Bids)

No. Vol. Price($)
2 2500000 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 690283 4
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
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