Ann: Trading Halt, page-43

First 43 Last

Share
Profile

Follow
Trapper

403 Posts.

157

07/05/20

10:50

Post #: 44483098
Share

Originally posted by helmenesh: ↑

Hello Trapper,
An excellent post with some very valid points raised. But, as I mentioned in my recent post on the results of the last release to the ASX, l suspect management have changed their plans for this years exploration programme to include a very ambitious deep drilling phase, which will be quite costly and will be ongoing nonstop for the rest of the year to make up for lost time caused by COVID-19.
Instead of going for a CR half way through these proceedings, I think therefore it is very wise to arrange all the funding needed now to see this ambitious programme through for the rest of the year and give St. George a good clear financial run to prove confidently what is there. If John Prineas has negotiated with a friendly suiter to raise substantial funds to be added to the existing kitty; and execute the new deeps programme, my view is that results will open the way for real big funding to flow into the company from major players. I am also very confident that John Prineas is very savvy in steering Capital Raising along very controlled unconvoluted, favorable paths, in order to cause very little dilution harm to the shareholders. He has demonstrated that very fairly in the past.
Cheers for now Trapper and best regards.
Helmenesh.

Expand

Hi Helmenesh,
Thank you for your comments which are very much appreciated. I trust you are still progressing and keeping well. Hopefully we can have another lunch down the track. All the best
Trapper

SGQ Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

What each US election outcome would mean for Australian companies & investors

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?