To be fair to the company, their activity in S/Korea is through BMV and so SAU cannot report what BMV do not. I would also judge that the company has told us what is relevant in relation to Australia.
My real concern with this company is:
a) they are spreading themselves over many prospects, albeit JVs and farm-outs help in this regard
b) they will face a funding crunch now that direct mining/production at Cannon Gold is over and they have to wait before any revenue from the agreement with WGX kicks in.
On the other hand, the company has declared that its strategy is to avoid dilution though placements/share issues but to fund from revenues/deals. So far they have been able to do this.
SAU Price at posting:
24.0¢ Sentiment: None Disclosure: Held
