SAU 4.35% 8.8¢ southern gold limited

I think this is why the price has fallen to where it is now on...

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  1. 134 Posts.
    I think this is why the price has fallen to where it is now on miniscule volume. Existing holders that elected to take DRP at $0.25 have no need to buy on market, new buyers waiting until after the issue for the opportunity to pick up any cheap sales etc. A good announcement this week would assist to deter any sellers and hopefully bring in some new buyers. IMO Gubong presents a significant opportunity for those with cash and a 2-3 year outlook. Hopefully the escrowed holders stay put.
 
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