Hi guys, I had a chat with Simon (the Ceo of Sau) and asked him...

Hi guys, I had a chat with Simon (the Ceo of Sau) and asked him a few questions this was one of them: As you would know the company’s cash reserves are depleting each quarter and there will be roughly 2-3 million cash on hand as at 30 June 2018. Southern gold will be heavily reliant on the cannon royalties to continue to fund exploration and development in Australia & South Korea into the feasible future. Is a capital raising inevitable to be able to fund the development of Gubong & Kochang jointly with blue bird Merchants or do you strongly believe cash reserves and possibly a debt facility could achieve this???

His response was this :
You are right though, we need to manage our capital situation carefully. I am working on this at the moment and will shortly announce an initiative that may surprise some market players. Keep your eye on us, it is going to be an interesting next couple of months..

Just though i would share this... too try and help keep people informed and to let you all know that the Sau team is working hard for us, behind closed doors! Cheers ST