SGZ 0.00% 0.8¢ scotgold resources limited

for what it's worth ..., page-9

  1. 661 Posts.
    Look forward to it Glen, thanks!

    MCK- I think we would all love to know if the good news is priced in already but I just don't know for sure.

    It's easy to see from the LT chart that 10c is a resistance level. However there has not been good news like this since the early days of the company and the sp back then was as high as 28c!

    No doubt some ST traders might sell on good news but as I've mentioned before there are some value-adding events coming VERY soon after a positive vote:

    - a $22 million JV/ bank partner/ spp to raise cash for production
    - a $1 mill goal-based award from the Europeans
    - an update on assay results (probably both inside the park and outside)

    SGZ closed at an all-time high on the AIM last night at $6.88 (though short of the all-time intra-day high of $8).

    I will be hanging on to my core holding and waiting for the spp to pick up some more. I still have the spp heads I got at 5c and 3.5c :)

    Any newbies to SGZ should have a read through the quarterly reports I think.

 
watchlist Created with Sketch. Add SGZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.