I think the current share market activity reflects a few factors:
1. A cautiousness about how much money SAU will actually get. The gold price has been moving about so hard to be sure. SAU is also cautious about announcing a dividend until it has money in the bank.
2. South Korea political situation. Should not be a major impact on share price, but people looking for a reason not to invest may suggest this. Will be resolved shortly I believe.
3. Price of Gold jitters.
Overall I think the share price has dropped too far and will rebound but probably not until February/March on the back of announcements about such things as dividend and drilling programs.
All of this share price dampening was predicted in a conversation over drinks after the last Shareholders meeting although I can't remember who made the comments, and certainly it was not an official SAU position. A dividend of 4c per share was also suggested/predicted, but once again not by SAU.
Any way I have taken the opportunity to buy a few more on this dip so have put my money where my mouth is. Now I have to wait for it to fly.
Good luck to all
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Mkt cap ! $5.443M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
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Price($) | Vol. | No. |
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0.9¢ | 2912976 | 5 |
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No. | Vol. | Price($) |
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4 | 450000 | 0.008 |
7 | 1439000 | 0.007 |
4 | 476085 | 0.006 |
1 | 300000 | 0.005 |
2 | 750000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2912976 | 5 |
0.010 | 390909 | 2 |
0.011 | 2112997 | 5 |
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0.013 | 1433804 | 2 |
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