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4.35%

8.8¢ southern gold limited

Agree with you on RED5 . The Weolyu grades are good (but not...

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JKahn

91 Posts.

13

01/02/19

08:43

Post #: 37293383
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Originally posted by MIStragic: ↑

Finally, FINALLY, they have stopped wasting money on other companies discarded WA ground .... classic field of dreams management.
Meanwhile, the fiscal haemorrhaging has resulted in severe financial anaemia which severely weakens at the very time much energy & resources are required ..... SK or bust .... Cannon still grossly underdeveloped with no apparent finance or milling solution apparent. And as pointed out by another poster, the management remains overpaid relative to market cap and performance.
Speaking of SK .... those veins are very narrow and definitely not bonanza grade .... how is this supposed to be the portent of a rich mining venture?
To think I could have sold at 30c and bought more RED5 ..... which is on its way to being a genuine 10 bagger while this dog dies a slow death.

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Agree with you on RED5 . The Weolyu grades are good (but not brilliant) IMO and can be mined with the right approach, but whether it is worth it in terms of time and effort for what looks like miniscule tonnes is another question altogether. Then there is the skills within the Co to make it so - is there any?

SAU Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
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