Ann: Trading Halt, page-82

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McQuade

1,465 Posts.

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08/08/24

22:40

Post #: 75133368
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Originally posted by ozblue: ↑

@McQuade ... "I expect SGQ to come out tomorrow and jump on the misinformation.
If they don’t or can’t…this deal is cooked and JPs career is over. (And my holding will be worthless). If they could possibly do a deal like this with such an obvious problem with the orebody they are incompetent or worse"

I mostly agree with this, except for the misinformation bit. What is the misinformation? The tailings dam exists, the PEA from Itafos exists, so I'm having a hard time pinpointing any misinformation, and not a single shareholder has been able to point out what the misinformation is...
From the second line on, I agree.....

A couple of years ago I was caught with a small holding in FFX. They made an announcement about a cap raise fully subscribed, great new deal etc etc. I claimed the deal was so bad that it wouldn't get up, and was told pretty much the same type of stuff that's happened here, basically I'd lost the plot.

Early the following week the deal as pulled, the big shareholders had obviously worked out what I had and no longer supported the cap raise. That mob never traded again, total disaster for shareholders.

In other words it wouldn't be the first time, nor the last, that shareholders lose the lot because of a poor/bad deal, that management were certain was a good deal, and had talked themselves into it, when it wasn't, if what you stated came to be...

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”misinformation “ is their word that they’ll need to justify.
I don’t know what it is but I guess it’s about the tailings dam. No need for me to speculate further on this issue, it’ll come out very shortly.
If it’s not the tailings dam then they’re still cooked because the dam issue won’t go away.

SGQ Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
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