SGQ

2.86%

3.6¢ st george mining limited

Ann: Update - Mt Alexander Nickel-Copper Sulphide Project, page-79

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OT1961

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10/04/21

11:23

Post #: 52375031
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Originally posted by ozblue: ↑

@Bullish786 ...."One massive hit and Kaaboom."

Why??

As I stated in my previous post, and anyone that has been paying attention over the years, this company has had quite a few hits of massive sulphides over the years that led to a short term spike in SP then retracement.

All the past hits of massive sulphides have come to nought, we are down to ~7-8c because the market is well aware that in 5 years we have not hit enough to have a MRE and another pod, vein or whatever is not going to make much difference, especially as it is hundreds of metres to kilometers away from the other pods and veins.

While we all live in hope of some type of major hit, firstly the company has to be aiming for a large target that has the potential to be a significant discovery. The current holes being drilled with the last of the funds before a cap raise are aimed at small targets, so why expect anything major from them?

It defies logic expecting more than is possible from current drilling. If we hit some massive sulphides then the overall SP gains will be a lot lower than many here are expecting IMHO, as the market tends not to reward more of the same that has led to disappointment before.

What happens to SP if the near term results are similar to the recent past (showing nothing), all before going to the market for more capital??

Expand

Well i would suggest that All exploration Companies should stop immediately. Its a waist of time and money to keep exploring.

I just watched a an interview from the Legend Mining CEO who explained that they had a small signal from a down hole EM which turned out to be a continuous massive sulphide vien of 36 meters. Under your guidance they should have not drilled it.

SGQ have found significant high grade Nickel which has been mobilised from a source at depth. You have to acknoledge this and it was well explained that they are exploring deeper to find the source

The volume of shares being traded over the last few weeks is very small. I am quite happy to hold as I am confident that a signicant resource will be defined by the drill out of the known shallow deposits.

go SGQ

SGQ Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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Ann: Update - Mt Alexander Nickel-Copper Sulphide Project, page-79

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Ann: Update - Mt Alexander Nickel-Copper Sulphide Project, page-79

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