What will happen next???

The falling wedge has lost its powerful reversal signal because is at the apex of the wedge. Expect sideways action and at best a modest rise to 16c. The stock is way way oversold and a minor bounce is warranted after the next good announcement. Then the share price has to keep its head above the 16c level before any further advances. Hopefully we shall trade between 16-20c till the next drilling starts early next year unless a corporate play is announced. If we have a look at a direct comparison with LEG valued at $170m (am I dreaming) that will value SGQ between 30c (if a corporate play is made on SGQ before the next drilling starts) or 40c if a better conductor is identified down deep.Then on a good hit similar to MAD71 things will get bigger than Sirius. Let's hope our JV partner does not wake up and another player capitalise on their ignorance and makes 2020 better than if SGQ was a subsidiary of our JV partner. I prefer to keep our independence through the DHEM and first drilling campaign of 2020.