Sorry I haven't responded sooner as I have had to deal with some personal stuff.
I agree with both @helmenesh and @tradealot. As you say there is lots of potential at MA and I continue to support the company but unfortunately things have gone astray the last few years.
For me, St George needs to communicate their high level 2 to 3 year plan with estimated milestones regarding MA and Paterson, there needs to be more accountability for missed milestones, there needs to be more rigs and drilling, the CR funds used to pay salaries and admin costs should be a much lower percentage compared to the drilling costs in terms of overall company costs per metre drilled, especially during these significant less efficient Covid times, and finally St George needs a senior operational person on the ground in WA to make things happen and keep all the contractors and suppliers accountable.
I remain very positive about what St George has at MA but it's time management steps up.
Cheers SandyC
SGQ Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
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