SGC

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0.5¢ sacgasco limited

Thanks Longreach and Happy New Year. Seems like another rampers...

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lion64

977 Posts.

359

03/01/22

13:02

Post #: 58613210
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Originally posted by longreach: ↑

Seems you have a poor memory. You posted the following related to OEL August 2021:
"OEL has no future upside potential, which is what 88E and PANR has. Yes OEL has FCF but the market knows this and has priced it in. To get back to an MC over 100 million OEL needs to become an oil and gas operator and find potential large oil and gas reserves. Case in point: SGC. A month ago SGC acquired the NDO assets in the Philippines. SC 58 is still an exploration block but has the potential to be another Malampaya. SC 54A is a discovery and flowed some during EWT several years ago (and has other prospects to boot). And some people say that West Linapacan may contain 20 to 50 million barrels. All 3 are still waiting to be developed but the market has taken notice. Prior to July the shares of SGC where languishing. After the acquisition, SGC share price went from 3 cents to nearly 6. It has since retraced back to 4.7. The point is: SGC knew that the NDO acquisition will give some excitement about its future potential for finding an "elephant". This is what OEL has lacked and continues to lack. The FCF pays for wages and lifestyle, nothing more. They haven't got a clue or are not motivated to get in on something big and risky, but exciting. Without a change of management, this stock is doomed to remain at these levels."

Before:SC 58 is still an exploration block but has the potential to be another Malampaya.
Now: SC 58 is a Deepwater dud

Maybe you need a reality check?

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Thanks Longreach and Happy New Year.

Seems like another rampers credibility has just been shot down in flames!

Cheers
Lion

SGC Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $4.483M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$4.615K	923.0K

Buyers (Bids)

No.	Vol.	Price($)
8	4559959	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	4262951	4

View Market Depth

No.	Vol.	Price($)
8	4559959	0.004
18	45356946	0.003
11	48083666	0.002
3	51300500	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	4262951	4
0.006	7178206	8
0.007	6301142	4
0.009	2225376	3
0.010	966562	1

Last trade - 16.10pm 12/07/2024 (20 minute delay)

SGC (ASX) Chart

Thanks Longreach and Happy New Year. Seems like another rampers...

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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Buyers (Bids)

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Thanks Longreach and Happy New Year. Seems like another rampers...

Top Stories

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Immutep reports strong response rate from immunotherapies treating carcinomas

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News