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
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