I think the current share market activity reflects a few factors:
1. A cautiousness about how much money SAU will actually get. The gold price has been moving about so hard to be sure. SAU is also cautious about announcing a dividend until it has money in the bank.
2. South Korea political situation. Should not be a major impact on share price, but people looking for a reason not to invest may suggest this. Will be resolved shortly I believe.
3. Price of Gold jitters.
Overall I think the share price has dropped too far and will rebound but probably not until February/March on the back of announcements about such things as dividend and drilling programs.
All of this share price dampening was predicted in a conversation over drinks after the last Shareholders meeting although I can't remember who made the comments, and certainly it was not an official SAU position. A dividend of 4c per share was also suggested/predicted, but once again not by SAU.
Any way I have taken the opportunity to buy a few more on this dip so have put my money where my mouth is. Now I have to wait for it to fly.
Good luck to all
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