SAU 4.35% 8.8¢ southern gold limited

Ann: Change of Director's Interest Notice - S Mitchell, page-5

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  1. 383 Posts.
    Incredible reduction of shares both in bid and offer stacks. Only 125/145K respectively at one stage. Now there's 780K on the sellers. There'll be a few investors trying to arbitrage this divvie. Good luck with that in a very illiquid stock, with trading bots ready to drive some hard bargains for short term traders, wanting to arbitrage a few cents from the dividend.
    Every cloud has a silver (and gold in this case) lining. Weolyu silver and gold results will probably bail the short term traders out, if they're patient enough to wait for these. I hope that some of these short term traders recognise it could be in their best interests for a buy and hold for a while. This second half of 2017 is going to be the making of SAU!
 
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