SAU 4.35% 8.8¢ southern gold limited

Ann: Gubong Project - Bluebird Merchant Ventures RNS Released, page-16

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  1. 2,946 Posts.
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    SAU are small fry, but with great grounds. Just need to prove it up, which they have elected to do without giving the company away. We don't have the production smarts on the payroll, so we bring in the experts for that. Different story from your usual gold play, and that's what excites me.
    Not sure if it could be done quicker to be honest, but wouldn't be sad if it did!
    As @Bazsa said above, the spend on the dividend was low, and represented (from memory) up to 10% of the free cash flow from Cannon. There was a relatively high participation in the DRP (@ 25c)
 
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Currently unlisted public company.

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