SAU 4.35% 8.8¢ southern gold limited

Ann: Quarterly Activites Report and 5B to 30 June 2017, page-28

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  1. 360 Posts.
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    After spending some time in the den with my finest cravat, black velvet jacket and looking glass, I have decided that my first asumption that our cores look visably similar to the Hishikari plates still stands. Only time will tell if I'm right but I believe that it is going to take a significant hit in Korea for us to get any love from the market for these assets. It was interesting re reading the Tigris Gold IPO info again. No mention of Weolyu north or south in there back in 2013. Simon Mitchell has had quite the journey with these assets up to this point. SAU may have got them for a song but recent drilling has failed to provide the market with anything solid .No doubt Simon is keen for some good results , probably more so given the history. I do remember reading in one of our announcement that Kochang was scheduled to be drilled in July. I wonder if they are waiting on results from Weolyu before making a decision?
    BMV steaming along , great deal for us. The fact that the mine has been properly sealed since the 1970s gives me great hope that the assumptions that BMV have made about the possibility of low hanging fruit could in fact prove correct.
    Good luck to all of us
 
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