SAU 4.35% 8.8¢ southern gold limited

London, page-7

  1. 2,946 Posts.
    lightbulb Created with Sketch. 33
    @rhyolite I appreciate you making comment on SAU, and that someone with obvious knowledge knows what the company is up to, which jurisdictions they are active and has decided to share their thoughts.
    It's clear that SAU as a company have some serious shortcomings, but yet they are smart enough to bring in experts to do the heavy lifting.
    Credit must be given, surely, for attracting knowledgeable and proven heads such as BMV into SK.
    Same goes for signing over Cannon UG to WGX, where by the risk has been averted, with essentially a guaranteed level of revenue.
    Credit must also be given for keeping the register tight (although flippant with director options, and lack of attracting a cornerstone investor.)
    The company has been careful with profits, and retains a hefty chunk of it for future exploration/share of development costs in SK.
    The MD is true to his word, and appears trustworthy. A couple of directors just appear to be there to collect their fee.

    Back to BMV. I doubt Colin and Charles would tarnish their reputations by making such bold claims in their releases. They are also tipping in a fair chunk of their own funds to stay active in SK. Most micro caps don't think twice about raising funds at whatever price they can to stay alive. We aren't seeing that here (or with SAU)

    Again, I appreciate your comments. The SAU threads are an eclectic mix of stale holders who hang on for the best, stale holders who see great potential, and some newbies to the register who are excited to see this bag multiple times. There are also holders having varying levels of technical knowledge, and trust in the management team.
    Personally, I've had a decent chunk of money tied up in this over many years. I've increased substantially over recent times through both on market purchases and participated in last years DRP.
    I hope you stick around and pass comment as the story continues to develop.
 
watchlist Created with Sketch. Add SAU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.