Ann: Results of Retail Entitlement Offer, page-21

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Bigmarn

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20/02/24

20:51

Post #: 72505645
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Originally posted by Mercury9: ↑

A bit off topic, but I got a letter from SB Director welcoming me as a MAAS shareholder. Steady price gains as per chart below. And a 1.4% dividend
While STX (another SB IPO) has crashed over no gas flow from a well, after a steady rise. I have a tiny investment there, after exiting on a high.
And AJQ is just lost at sea at the moment with private takeover of assets at ADZ. Again minimal money left there after exiting.
Big M is right about the money SB has behind him. Having $600k to personally underwrite is noted. With dilution for the mum and dad punter. Not fully subscribed EO .... based on past performance SVG seems to do well with the exploration and geology, average with communication and contract management, and poorly with plant operation, and very poorly with returning value to shareholders.
I've invested enough here, got out a fair bit based on fellow posters warnings, averaged down again on fellow posters warmings.
Wonka or warrior - time will tell.
I still come on the forum to listen to my online mates and wish you all health, wealth and happiness in life.
Next announcement should be interesting.

Merc Out

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good luck to you champion and all invested in Savannah mouldfields. Hope it all turns around one day and some return on investment after many years holding on

SVG Price at posting: 3.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

1 Great analysis

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