$5M is about right... imo. It's enough to prove up the current drill targets... the recent results are the most encouraging for a long time.
The comment about SGQ needing $20m is correct and probably $50M is closer to the mark to do the project justice... a $5M raise is only 10% of the MC and doesn't do too much harm to the register, but it's enough to determine if the company has finally started to crack the puzzle.
SGQ is an explorer... not a sure thing type investment... people complaining about the costs probably should just move on if they don't understand that.
Ann: Trading Halt, page-30
Add SGQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $29.93M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.6¢ | $322.8K | 11.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 895207 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 1755804 | 4 |
View Market Depth
| Last trade - 14.33pm 14/10/2024 (20 minute delay) ? |
| SGQ (ASX) Chart |