If you've been following the company for sometime you'd know that the majority of the cash held by SOC was received from an R&D tax incentive refund of $1.5mil dating back to 2012, 2013 & 2014 when former director and head geologist Michael Leu was busting his ass for this company.
"Sovereign Gold’s geotechnical team are recognised as leading experts in the identification of Intrusion-Related Gold Systems. This has enabled its scientists to identify the previously unrecognised potential of the Mount Adrah gold asset. Similarly, the new knowledge developed should give Sovereign Gold a competitive edge in identifying further opportunities.
The quality and efficacy of Sovereign Gold’s R&D has been confirmed by IRGS World Experts. Michael Leu, Sovereign Gold’s Chief Geologist, recently presented an update of the research at a Conference of the Australian Institute of Geoscientists (AIG) held at Queanbeyan in September 2015."
Don't successful companies utilise their strengths to further improve? History shows we have the geo team... We have the gold rich dirt too... SOC just needs a clear direction for us shareholders to see value in our investment.
SOC Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
(20min delay)