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St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

St. Augustine Gold and Copper Limited is a Singapore-based mineral exploration company. The Company is focused on the King-King copper-gold project on the island Mindanao in the Philippines. The King-king tenement is comprised of approximately 184 mining claims that are owned by Nationwide Development Corporation (NADECOR). The Project is a copper-gold mineral reserve located at Sitio Gumayan, Barangay King-king, Municipality of Pantukan, Davao de Oro, on Mindanao Island, Philippines. Its deposit is a porphyry copper-gold deposit hosted primarily by porphyritic hornblende diorites, submarine volcanic rocks, and volcanoclastic sediments. The sulfide copper mineralization in the King-king deposit consists of chalcopyrite and bornite, with lesser amounts of chalcocite, digenite, and covellite.


TSX:SAU - Post by User

Comment by shawshank2on Aug 18, 2021 10:18am
107 Views
Post# 33722931

RE:RE:RE:Behaviour

RE:RE:RE:Behaviour
Robert1 wrote: So in January, before Duterte did a complete 180 and lifted the 9 yr new permit ban, this went to 20 cents on no news.   I'm guessing b/c of the surging copper prices as this has always moved with copper which is still above $4.    So now, with the PH in desperate need of new income and with Duterte's mining positive turnaround above we are at 6.5.   Remember, even if the open pit ban is not lifted now, it can be done at any time with a pen stroke.   If Duterte surprised with the 9 yr ban lift, he can instuct his Minister at any time to lift the open pit ban, or his successor. 
I sold a lot of my shares at 15.5, 17.5 and 19 cents, and I bought some more yesterday.  What happens when copper is $5, $7 or $10?
Good luck,
Robert
  


Your the smart one for selling the run-up. Twice I held because I believed this would go ahead. Instead of a big profit I took a loss. Always lick in profit with penny stocks. Lesson I've learned the hard way
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