SGQ st george mining limited

Ann: St George Mining Completes Placement , page-6

  1. 130 Posts.
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    That could be the case, but if you have a look at the 2012 drilling campaign (before it was cut short due to the unseasonal electrical storm), it took about 3.5-4 weeks from the start of the campaign to announce the XRF results for the two incomplete cambridge holes

    So they could possibly release the xrf for the first 4 holes if they wanted to in the next 1-3 weeks

    But on the other hand, it would be optimal for them to release the results for all 14 holes at once, just after the deadline for the JV with BHP.

    If the BHP deal goes through and there is a hint of economical sulphides, the share price will jump up to pre-suspension prices, they can do another cap raise at higher prices due to increased confidence, and comfortably fund the rest of the year for all their drilling needs, perhaps even into early 2014

    This is of course all rhetorical and could play out favourably in a perfect world
 
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