Hi Tradealot, Thank you for your considered answer to my query....

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Lagoz

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08/01/18

07:33

Post #: 30113447
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Originally posted by tradealot ↑

Hi Lagoz

No programme announcement as yet, only this paragraph from JP.

"Drilling for 2017 has now concluded and will resume early in the New Year with a programme to continue testing the extent of the high grade mineralisation at Stricklands and also to test other targets at Mt Alexander."

Here's my idea's on a drilling timeline fwiw.

As far as I've worked out, field work restarts again tomorrow the 8th January after the holiday break.

First up, there's plenty of DHEM survey's to complete and all other associated works.

Once the survey's are complete, Newexco will need to interpret the data and model everything to come up with a drilling program with sqg. That's maybe 2-3 weeks to complete.

Not forgetting, were also waiting on all the assay results to cross reference against the DHEM. That should time nicely, as the assay's have had a big headstart.

Another thing, Sgq will have to work in with DDH1 drilling schedule to get the rigs back to MA as fast as possible to keep everything flowing. We'd already be penciled into their future works programme.

Based on all of the above, plus stuff I carn't even imagine or consider, I'm not expecting any drilling again until very late January at the earliest. Realistically though, I think it will be the first few weeks of Febuary before drilling gets underway again.

Not long to wait at all.

Cheers
Tradealot

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Hi Tradealot,
Thank you for your considered answer to my query. I appreciate your time and effort.
Your analysis indicates that it will probably be at least two weeks before we hear any news from the Company. During this period, SGQ's share price will probably wander in a band between 0.25 and 0.20. Hopefully, good news will then initiate a new surge!

SGQ Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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