SAU 4.35% 8.8¢ southern gold limited

Ann: Strategic agreement executed over Cannon Gold Mine, page-10

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  1. 787 Posts.
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    Liquidity issues will be resolved if the company delivers results. Broker spin is not a lasting solution. I do not trade the stock and so not concerned about daily volume.
    I was surprised at the take up of the other WA projects in view of the current funding. SAU was already cash weak and so why take on other tenements?
    Cannon was supposed to be the cash engine and SK the opportunity. SK remains the opportunity so far as I know, while Cannon is now an opportunity as well as a cash liability.
 
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