Mid teens !!!!! waiting to off load mine in the mid 30's due to...

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29/01/19

15:52

Post #: 37253351
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Originally posted by mulac1 ↑

Originally posted by Averagejoe2013
Whilst I understand this SandyC it should have served as a learning curve for John and the team. Last years first quarter was the catalyst for what basically cost SGQ shareholder's a share price in the mid 20s as opposed to the mid teens now. Whilst it was weather related delays last year which was out of management control this year is not the same storyline. As I said I still believe in SGQ but i feel management need to understand market forces more as well as business objectives. This is my opinion.
AJ, I think there are many holders who agree with you. Drilling was due to recommence a week ago. Are they drilling? who knows.

The QR is due tomorrow or Thursday so we might get a heads up in the next two days.

As far as the SP is concerned, the market wants more decent hits and we need to be drilling for that to happen.

I have given some serious thought to my holding in SGQ and have dumped a sizable number in the mid teens. My exposure was unbalanced and I have a niggling feeling that there might not be much more to discover. Since Nov 2017 (MAD71) the hits have been skinny and few.

cheers
Mulac1

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Mid teens !!!!! waiting to off load mine in the mid 30's due to all the hype. Will take a loss on this. Anyone else in the same boat?

SGQ Price at posting: 13.0¢ Sentiment: None Disclosure: Held
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