SAU 4.35% 8.8¢ southern gold limited

Ann: AMEC Convention Presentation, page-9

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  1. 732 Posts.
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    Very amazing and unfortunately unlikely.
    From Southern Gold twitter.

    Hhttps://t.co/W4XUdOlO0C?amp=1

    I would consider this as a possibility, seems unlikely to post this unless they are considering some form of capital raising using one of the mentioned.
    Asset sales could be possible however Simon did twitter that it takes 2 years to close a business deal in SK.
    The only other possibilitie would be to borrow money however this would be rather difficult and probably costly and also be risk taking, from my experience of SAU, unlikely. Would help if we had a known resources but it has also been mentioned that to drill out a compliant resource would be too costly .
    Let's hope that a capital raise might reflect a more reasonable market cap. How much money woud you need to take say a 30 % holding ? I'm thinking north of Bluebirds placement of 38 cents would be a good result . Would also be good to have some SK people on board, they do seem to have the ability to get things done.
    Very exciting ! All the best
 
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