SAU 4.35% 8.8¢ southern gold limited

Ann: Strategic agreement executed over Cannon Gold Mine, page-17

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  1. 303 Posts.
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    There's not a snow flakes chance in hell that SLR will have anything to do with Cannon - SLR formerly was the largest shareholder in SAU at 12.5%, but sold out as Cool Hand (correctly) thought that SLR ground was much better ... and they will continue to max out their mill with their own ore.

    The original reason Chris Cairns of IGR bought a stake in SAU was its proximity to Imperial and Majestic ..... but thats now irrelevant,

    After SLR sold out, the only mill desperate enough to fund Cannon was WGX'x SK plant ..... they even built a dedicated road (now unused) from Cannon to the SK plant. But now that plant belongs to NST who have other plans for it. They even gave the George deposit to SAU as a gift (along with the clean up bill) .... thanks for nothing ?? So, wake up and smell the coffee .... where's the money coming from? Not NST, not SLR, not WGX! ..... WTF ?

 
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