SAU 4.35% 8.8¢ southern gold limited

Ann: Gubong Project - Bluebird Merchant Ventures RNS Released, page-42

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  1. 2,946 Posts.
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    I'm fairly confident that we wont be raising capital to fund any shortfall for re-opening Gubong, unless we are multiples from here.
    The cash return to shareholders from Cannon was flagged for some time before it was announced, and was a reward for generating profit. It was like 10% of profit generated, and cost the company about $1M. nothing at all.
    A debt facility, finance, or pre sold gold. I would take either. a current $13M MC company staring down the barrel of how to finance 50% of a potential monster mine? A great predicament to be in..
    Give the company credit for where it is, and how it has got here. The market hasn't valued us correctly yet, but I get the feeling it will, sometime in CY 2018.
 
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