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2.2¢ savannah goldfields limited

Delisting march 2024, page-192

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polesana

17 Posts.

10

27/11/23

16:47

Post #: 71130009
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Originally posted by Mercury9: ↑

AJQ reported Its sales revenue had fallen 17 per cent and its June 30 result was a $21 million loss. It was enough to sink it.
There is little debt finance safety net to counter poor cashflow ATM.
No handouts.

SVG needs to make the AISC competitive, as the market has very little tolerance for companies that are making losses ATM.
With a new the Mill 01 drive motor repaired and re-installed mid July the mill should be processing well.
g/t at Agate Creek and at some Georgetown is good.

I expect SB will be spending more time on SVG now, after the failure of AJQ. However he did very very well with STX.

Clearly investors are nervous at the moment. The failure of AJQ should add to this uncertainty.
Let's see what their next QTRly results are.

While I am not as pessimistic as BigM, I have my parachute at the ready.
"Cashflow is king".

Merc Out

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Relevant comments indeed on the motor. This company is NOT releasing vital info to the market. Shonky as. Bigmarm is repeatedly spot on.

SVG Price at posting: 5.5¢ Sentiment: Sell Disclosure: Held
7 Upvote

1 Great analysis

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