SVG 0.00% 3.6¢ savannah goldfields limited

Ann: Annual Report to shareholders, page-15

  1. 7,780 Posts.
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    I understand posters/holders having an issue with the lack of PR, the disgraceful communications, the dubious office rental charges and the stop-start mining regime. However, the following is what really shocked me and I will outline it as blatantly as possible....

    Revenue from the sale of Gold from Agate Creek to Date
    = approx $32,000,000O

    Maroon Gold Received approx $22,000,000 ($13m in 2020 and $9m in 2019) not including the $1,825,000 owed to LNY

    Whilst there was some additional income earnt by LNY, additional mining costs, operational expenses, admin and corp costs, etc, reduced the combined profit fot the 2 yrs to a pultry $3,563,000 approx.

    That is what LT holders should be furious about, IMO. mad.png

    https://hotcopper.com.au/data/attachments/2518/2518830-073820e607bf735f4bb1f231105abc5a.jpg



    Last edited by Shellbell: 30/09/20
 
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