SAU 4.35% 8.8¢ southern gold limited

Ann: Response to Query, page-2

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  1. 91 Posts.
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    Never nice to have to confirm your solvency. Insolvency is a material risk IMO and I don't think it is reflected in the SP as yet. Cannon talks will take too long to realise any cash in the short term, unless it is an outright sale of the asset which seems unlikely IMO. Additional funding is hinged on 1 advanced discussion.Talk about putting all of your eggs in one basket...I was a big fan of SAU but the direction/decisions of the company over the last 12-18 months has bled the company dry and added significant risks. I hoped to see this turn around so I could jump back in, but this is looking more and more unlikely. Good luck holders   
 
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Currently unlisted public company.

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