@McQuade .... Yet I have been an investor (and trader) of this stock over the last couple of years..
It's OK by your logic to constantly ramp an under performing stock like this, but not OK to tell the truth about it.
This is about investment not dreaming, people have invested their hard earned cash here and have been watching it disappear over a few years. The ration of positive posts to negative posts about this company is around 10-1, yet you want the 1 silenced.
Only positives and dreams is a recipe for financial doom for shareholders through dilution as cap raise after cap raise promises greatness, yet leaves with shattered realities.
Some honesty from the company about what they don't have, instead of hiding behind 'potential' the whole time would see me post a lot less.
If every shareholder went out in their backyard, dug up a bit of soil and sent it off to a lab to be tested for a wide range of minerals, lots of results would come back showing 'potential' for one thing or another, yet none of it would ever be worth mining.
390+ holes, including a 'resource drill out', shows lots of 'potential' but nothing worth mining, or they would already have a JORC resource. The companies own announcements state...... "The completed drilling at the Project is not sufficient to establish the degree of geological and grade continuity to support the definition of Mineral Resource and Reserves and the classifications applied under the 2012 JORC code."
How much follow up of those 42 EM conductors was there?? Hardly any, but made for a great announcement heading. Most of them were too small to worry about.
Out of the new lot of targets, do you really think it worthwhile to drill a 13m X 10m target at over 400m deep?? Surely it would be best to drill 75m from it and do DHEM around the new hole to 'see' if there were any larger accumulations worthwhile drilling!!
However the history of this company has been to drill the EM target, show a nice drill core for the photo shoot, offer some juicy nearby targets, do a cap raise, then move on to other exciting areas, without the follow up that seemed a priority at the time of the announcements around the cap raise..
Rinse and repeat, rinse and repeat, yet some holders are wondering why the SP keeps going down!!
SGQ Price at posting:
6.6¢ Sentiment: Sell Disclosure: Not Held
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