Does the old tailings dam exist or not?? SGQ never mentioned anything about an old tailings dam in their initial presentation upon announcement of the purchase of the project...
The share price opened at 4c that day. Is this not true??
After the company came out of the trading halt, they stated that they were performing geotechnical work due the existence of the old tailings dam, and they would not be using the tenement it was on for any JORC compliant resource.
Why didn't they mention any of this initially? They also had the existing known mineralisation open to the EAST. Why did they include this if they had no intention of including any of it in a JORC compliant resource?
The SP closed today at 3.6c, which is still below the opening SP, and the 4.1c closing SP on the day of the initial announcement of acquiring the project, and well below the top price of 4.5c on that day.
The rest of the market has gone up by over 5% since that first day, while other Niobium companies like those with large resources have gone up by 35%!!
These are facts!!
The market is screaming what it thinks of this project!!
Now imagine what will likely happen when the all ords has it's next correction....
SGQ Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
(20min delay)