Bullboard - Stock Discussion Forum St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s): RTLGF

Metals & Mining Gold

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... see more

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TSX:SAU - Post Discussion

St Augustine Gold and Copper Ltd > Behaviour

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Post by shawshank2 on Aug 17, 2021 5:50pm

Behaviour

Why is the volume way more than usual and why hasn't it had a huge dump as the ban staying should have been enough to bring it down sub 5c easy

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Comment by RealityCheck123 on Aug 17, 2021 9:10pm

There are 797 million total shares. It dropped 13.33% today on a volume of 1.255 million shares. Insiders control ~590 million shares. What do you think.

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Comment by rapid_fire_ on Aug 17, 2021 11:42pm

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Comment by RealityCheck123 on Aug 18, 2021 1:14am

There you go. Shareholders who are not insiders, family or friends are screwed. There will be no mine anytime soon irrespective of government mine regulation.

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Comment by singlefile on Aug 18, 2021 1:25am

I mentioned this in an earlier post (my guess) - they (insider / family friends etc) don;t want to initiate a trading halt .. slow burn . 5 cents by friday...

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Comment by singlefile on Aug 18, 2021 1:28am

we're at 6.5 from 12 .... .. not good.

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Comment by Robert1 on Aug 18, 2021 9:55am

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, ...more

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Comment by shawshank2 on Aug 18, 2021 10:18am

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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Comment by Robert1 on Aug 18, 2021 10:52am

Ha, no. Sold a lot but kept a lot too, so not so smart. If we get a firm no on Monday, could easily have a quick dump to 5 c or maybe lower before bouncing. I'll get some more then as the risk/reward is then worth it for a later "surprise" turnaround. What I still can't understand is after a week we have no other news at all. And if ...more

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Comment by singlefile on Aug 18, 2021 11:08am

Yes - it looks like they threw the protesters a bone (recent link below) with the open pit ban extended - to keep them at bay on the others that opened ... the church is the one making all the noise here google "phillipine mining diocese" and see all the news on this topic ..keep in mind 85 % of PH are practising catholics and have a huge sway at election time ..

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