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clock Created with Sketch. 27/10/16
23:24
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Originally posted by Dasa
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I went to the AGM and was reasonably pleased with the team. I am not a large shareholder but if this company goes well I will be a lot more comfortable in retirement.
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Very good summary Dasa. I've got one further note. A point was made about Lakewood Mill (ex SLR) now being owned by a private consortium and able to toll treat ore. Simon mentioned a goal of having a 2nd operation up and running within a 6 month time frame. Whether this is a pipe dream/wishful thinking I really don't know (source of ore??) but the annual report gives credence to this in the "What's next for Southern Gold section" of Simon's report. It would certainly be a nice bonus to keep the cash flowing to continue supporting a drilling program in Korea to find that significant discovery we'd all like SAU to achieve. I feel we've got a good team both here and in Korea. I'd be even happier if the gold price would regain the A$100 lost to that of a couple of months ago, as that's good additional margin we could make use of. Would have like to have stayed longer, maybe next time.
(20min delay)