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2.2¢ savannah goldfields limited

Ann: Agate Creek Gold Production Update, page-69

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Nunga

601 Posts.

124

28/06/19

11:40

Post #: 39285322
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Originally posted by moorookamick ↑

Pease do misquote me:
I said that the director had to sell for tax reasons, period, as per the information given to me by the company.

And to further clarify things because you don't seem to have read the announcements:

The head grade has not gone down since LNY announced its resource estimate of 89,000 ton @ 6.01 G/T ( see ann 20th May):
-Grade for gold sold May: 8.04G/T(see above ann)
-Grade YTD: 8.3 G/T

Announcements of higher grades in the interim were simply for selectively mined patches which is typical of this type of narrow vein mine;
hence the grade to date of 8.3 G/T ( also see ann above).

Furthermore , the above ann indicates that: "the current mining campaign will allow for greater targeted drilling of the ore zones with the potential to add to the existing mineral resource"

So in summary, my advice to you is to read other posts and company announcements carefully before posting.

Cheers
MM

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Don’t you worry, I have read the announcements very carefully and so has the market, and we ain’t buying this bull****.
You know full well the first gold pour was ramped at 15g/t so picking and choosing figures to suit your argument doesn’t work with me mate.

LNY Price at posting: 1.0¢ Sentiment: Sell Disclosure: Held
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