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3.0¢ st george mining limited

To the contrary, one good drill result can impact a share price...

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Stan123

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26/08/21

00:15

Post #: 55575724
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Originally posted by ozblue: ↑

@Stan123 ..."One good drill result and we could quickly be taken over."

Why?? St George has had 6-8 "good drill results" over the last few years, yet every single one of them had no positive follow up. In fact the usual course of action was to go and drill elsewhere, then come back the following year.
In each subsequent announcement of new great drilling results, the SP has made lower highs and quickly been sold off, why would that pattern change??

All the follow up drilling proved was they had discovered another small pod, hence why the SP is so low now..

IMHO ''one good drill result" would not do much because the market would just be expecting more of the same like in the past.
Look at the last "good drill result", the assays announced on 22/6/21 with over 11m of 1.58% Ni, yet the market was at new lows within 2 days.

Why would anyone bother to take over the company if they just found another small isolated pod at a couple of hundred metres deep??

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To the contrary, one good drill result can impact a share price like this.

SGQ Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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