SGQ 1.96% 2.6¢ st george mining limited

the pessimistic way of looking at this is the drilling...

  1. 1,452 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
2.6¢
Change
0.001(1.96%)
Mkt cap ! $25.70M
Open High Low Value Volume
2.5¢ 2.6¢ 2.5¢ $10.71K 418.5K

Buyers (Bids)

No. Vol. Price($)
2 1951317 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 433400 3
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Last trade - 10.49am 01/07/2024 (20 minute delay) ?
SGQ (ASX) Chart
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