OK Guys, I am sick and tired of reading so much rubbish on this thread today following the ann on S1 results by the company.
So I thought I would start a new thread.
Purpose of the thread is to state categorically that SGQ is NOT a blue chip company but a digger and driller and discuss the implications of this.
As a digger and driller it rises or sinks on drilling results. So this company is at the spec end of the market and one invests their money having regard to the fact that they could lose 100% of their capital.
So what are the positives?
Firstly, as with NOVA one hit is all that is required. So any one of the remaining holes to be drilled might be the one, including S2.
Secondly, we have not given up on Lithium. It has potential to provide some lift at some time.
Thirdly, we do have small deposits all over the place which, depending on Canadian results, can provide positive cashflow.
Any additions would be greatly appreciated.
SGQ Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
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