SGQ: TAKE OVER TARGET ?, page-3

@Stan123 .... The big boys are fighting over nickel resources, St George doesn't have any nickel resources.

St George has so far successfully drilled over 390 holes into a few small pods of Ni/Cu and discovered they are not economic, hence keep searching for a larger accumulation of nickel.

However they do have to keep up the 'image' of there being a possible resource, to allow the SP to remain higher than the natural level for a company without any resource, so that when the next cap raise comes along it is at a higher price with less dilution for existing holders.

The big boys are not looking for hope and wishes, they are looking for resources, so no IMHO they are not interested in SGQ.

Wasn't it BHP that relinquished the 75% interest in the Mt Alexander area to SGQ, because they couldn't be bothered with the area after their drilling in 2008 found only a few small pods??