SAU 4.35% 8.8¢ southern gold limited

Ann: Notice of Annual General Meeting/Proxy Form, page-6

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  1. 303 Posts.
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    2 dividends .... I've been a shareholder for 6 years and I missed one of these dividends. The only individuals getting regular dividends are the BOD & staff. The solitary dividend given was a premature ejaculation of precious cash, and like all PE's rendered short term pleasure. Those funds should have been spent on ensuring that Cannon UG became established. Those romantics who accepted shares at 30c a share are wondering WTF.

    "huge reserves' gives SAR unbelievable fire power and market cred .... like NST who has "huge reserves" of cash, now pays dividends  and is still expanding its portfolio.SAR is the next NST. SAR is RBC's number one pick in the gold sector, and is a safe bet for further SP appreciation.

     Its capex growth combined with its splendid liquidity means that shareholders can take profits at their leisure, and with a capital gains discount.

    My dividend was taxed at 50c in the dollar. Note the recent cap raising was down at 18c .... the next dilution will occur at 10c or lower? SAU is now clearly underfunded .... Show me the money BOD .... the sounds of silence. Squawking on twitter doesn't count.


 
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Currently unlisted public company.

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