Greetings barny,
I don’t think any results will come out of left field for a number of reasons.
1 We have only one rig drilling which at the moment is drilling what I suspect is the thicker part of the ultramafic that hosted the 17m of blebby and disseminated sulphides in MAD 172. SGQ suspected that this 17.28m intercept may be the edge of a halo of mineralisation which hopefully surrounds a massive component of sulphides. This is what I more or less interpreted after reading John Prineas’ release in his last ASX report.
Here is the relevant section from the last release to the ASX.
The high conductivity of the EM plate is not fullyexplained by the style of mineralisation intersected by MAD172, furthersuggesting potential for stronger mineralisation proximal to the hole. A DHEMsurvey will be completed in MAD172 later this week, and follow-up drilling willbe prioritised after review of the survey data. John Prineas, St GeorgeMining’s Executive Chairman, said: “Deeper drilling has already confirmedsignificant down-plunge extensions of the mineralised ultramafic and now – withMAD172 – we have seen the deepest intersection of nickel-copper sulphides atthe Cathedrals Belt to date. “The thickness of the mineralised intercept andthe style of mineralisation support the potential for further high-grademineralisation to be present in this area.
2 If the DHEM survey was completed in MAD172 and a drilling target was configured from the results, then this is the hole which is currently in progress and which may hopefully intercept a massive sulphide zone within this ultramafic. This could ignite the interest by potential suiters and raise the share price commensurately according to the type and grade of the intercept, hopefully such results will be favorable enough to place it at a higher level than the current price. But more importantly it could throw more light towards the sort of mineralisation style/ model SGQ is focusing on.
3 If this is the hole in progress, I don’t anticipate an announcement of results before Wednesday 20th. November at the very earliest.
4 If the hole is not in progress and the rig is drilling another anomaly away from the MAD172 area, then we wait for the company to report on the progress of work. Knowing well that it is not in John Prineas’ make up to have concealed news up his sleeve and release them from left field for manipulative purposes.
5 The bots will always be bots often made up of manipulators with selfish agendas which serve little purpose particularly when manipulation is in the low-price ranges. Their actions only sullies the path this company is striving for, which has often been stated in its aims; i.e. To look after and give value to ALL Shareholders in the company. Prineas said that many times.
I applaud you for your explanations about this form of trading barny and thank you, BobbyMorane and Redbackrules for developing this dialogue. Well done!
I wish you all well,
Helmenesh
(20min delay)