@Dazedandconfused ..."so, was I right or wrong??... going forwards will I be right or wrong?? The current view of the 'market' doesn't offer any information to answer the question). "
You were right and know your wrong by letting a good profit turn into a current loss. IMHO the current price that can be bought or sold into is the current correct assessment with all known current information.
The correct assessment will change over time with more evidence coming in.
The current search for 'the motherload' might just be looking for something that doesn't exist, nobody as yet knows, yet this mob have now been searching for over 5 years and haven't found it. There is still no JORC resource of any type, and the current rules from ASIC/ASX will only allow mostly measured and indicated resources to be included into a scoping study, SGQ don't even have an inferred resource yet.
Unless SGQ can discover a reasonable continuous quantity of high grade Ni/Cu then the SP is not going anywhere IMHO. They have cried 'wolf' (discovery) so many times with no meaningful followup, that doing the same thing over and over cannot be expected to increase shareprice.
I'm fairly sure they will keep finding some good isolated pods of mineralisation all over the place, extending the mineralisation to over 7km or 8km or 9kms strike length, but the pattern has been set with good isolated small pods spread all over the place with no evidence currently of a large accumulation.
IMHO this needs a completely new set of expert eyes and decision makers to evaluate just where to look and drill. I hope I'm wrong for all of those that are clearly underwater here, but why should you expect anything other than more of the same?
SGQ Price at posting:
8.6¢ Sentiment: Sell Disclosure: Not Held
(20min delay)