This company is overstaffed with underachievers. Let's face it what has this large bunch of technical staff and ancillaries ever uncovered. 3 years ago, SM bought the SK deal to the SAU's table which had the Cannon deposit, which had been known for a decade, and was slowly being brought to fruition by the previous MD & crew. Meanwhile, nothing has turned up in Kalgoorlie ..... except promises.
Cannon's mining was planned and executed by WGX and Cannon UG also ..... so WTF is the team of chief geologist, SM and the rest doing ??
In SK, little more than finding a few more rock samples has been done with the SK, and with MBV so underfunded and understaffed, GOK if or when this field of dreams will flower.
The low liquidity is solely due to the lack of substantial news and longterm shareholders continuing to hold.
One substantial episode of tax loss selling by a large disgruntled shareholder would see the SP decimated.
This mushroom is fed up .... SMTM or start getting rid of the deadwood.
SAU Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held