So haven't really posted in a while on SAU. While still keenly following the solid progress made by simon and his team in both there Australian & Korean operations.
Never really believed this was a trading stock, being an infant compared to other gold stocks, Southern gold has roughly 42 Million shares on issue fully diluted off the top of my head. Low volumes for a relatively small operation.
So what has changed ?
What do us shareholders have to look forwards to ?
firstly let me start by saying that we are massively undervalued by the market partially because of the belief that MLX and "cookie" will stiff us in some manner.
MLX have openly advised the market that there option is to do further toll treatment agreement's with other juniors, if they were to burn SAU, then no other company will touch them.
1. Cannon open pit will Significantly over achieve initial projections and base case.
2. Despite a recent slight pullback in the gold price (Knee jerk reactions) we have an awesome aus gold price tail wind.
3. Mining is progressing rapidly and incident free. Moving into the real money maker.
4. So we will be making more $$ in hopefully if mining remains uninterrupted less time.
5. Real possibility of High grade underground discovery bellow cannon open pit.
6. Further drilling exploration for underground to roll over on completion of open pit in Feb 5 months away.
7. Massive tenement in world class district surrounded by some of the biggest names in the business.
8. A Top class MD who is always on the look out for further M&A deals to enhance the SAU brand and add value.
9. Low debt that will be easily paid back within 6 months, there for SAU will have nil debt and be fully funded.
10. SAU board have already flagged that there will be a Dividend paid in 2017
11. Tight share registry, open to major price increase when major positive news flow breaks
12. A real game changer acquired for next to nothing and a potential world class deposit in South Korea with historic mines and awesome high grade deposits, When proven this will lead the headlines for a while
There are 2 conferences and further news flow exposure to come out in OCT and results from Korea late oct early nov.
Not to mention any operational or corporate updates.
SAU have been running along nicely, a no doubt will be further encouraged to add to there holdings and new comers will be scrambling to jump on board once there is High grade strikes in Korea and UG at cannon, did i mention Dividends in 2017 lol.
Like come on for so much going on we are cheep Esp compared to our peers.
This cat will be out of the bag sooner then you think
Watch this space.
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $8.502M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $14.93K | 1.266M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2746738 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 2128208 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2746738 | 0.011 |
2 | 1640000 | 0.010 |
4 | 1004444 | 0.009 |
4 | 1005450 | 0.008 |
3 | 942857 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 2128208 | 4 |
0.014 | 1704500 | 2 |
0.015 | 1600001 | 3 |
0.016 | 579705 | 2 |
0.017 | 100000 | 1 |
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