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3.5¢ savannah goldfields limited

They spend $12Million last quarter. A total of $142Million debt....

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Magpies123

833 Posts.

164

09/04/24

10:36

Post #: 73253841
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Originally posted by Bigmarn: ↑

I follow hundreds of stocks and one thing I’ve noticed about proactive ASX listed companies is they regularly update shareholders and prospective investors on general business, operations and future events and plans…. But with SVG/Renison/Laneway, they never contact shareholders, never hold any form of contributions from holders or plan correspondence, it’s only ever a one page quarterly at most and often that’s late or barely skating in on time
Does this bother the long term holders who hold the companies management in such high esteem?
The stock is now down 98% from the heady highs of 0.09 cents in 2018 prior to consolidation, do you still believe, after 30 years this stock can crack the 66 cent (1 cent pre consolidation) price?

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They spend $12Million last quarter. A total of $142Million debt. Where all the money is gone. No record. No info to share holders.
All the money divided between Directors?? No idea, what they did with that kind of money?/
Now even if SVG produces some gold, No one can expect anything coming to the public share holders.

SVG Price at posting: 2.8¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 3.5¢		Change 0.007(25.0%)		Mkt cap ! $9.838M

Open	High	Low	Value	Volume
2.9¢	3.5¢	2.9¢	$2.96K	89.51K

Buyers (Bids)

No.	Vol.	Price($)
1	150000	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	142271	4

View Market Depth

No.	Vol.	Price($)
1	150000	0.023
1	22730	0.022
1	23571	0.021
1	124333	0.020
1	999900	0.001

Price($)	Vol.	No.
0.035	142271	4
0.047	15967	1
0.048	100000	1
0.050	5608	1
0.055	834	1

Last trade - 12.34pm 03/05/2024 (20 minute delay)

SVG (ASX) Chart