It burned early investors badly and management was crap - they made some really bad decisions on high cost mines (I think Murchison was the worst). Even after management changed, it took a while for investors to jump back in. Gold price also went up, but the change of sentiment took way, way longer. There were no new deposits found, if I remember correctly, but they managed to better explore the mines already established. Those who believed the new management and jumped in around 15c made a ton of money.
SAU is a different story. Management is good, but it has no long-term mines, only Cannon. It has lots of exploration targets but none confirmed, yet. With $10m+ cash, the first good hit will send this company flying.
Ann: Quarterly Activities and Cash Flows Report DEC 2016, page-27
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ION (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $9.919M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.2¢ | $12.86K | 961.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 282164 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 291051 | 1 |
View Market Depth
| Last trade - 12.43pm 08/11/2024 (20 minute delay) ? |
| ION (ASX) Chart |