SAU 4.35% 8.8¢ southern gold limited

Ann: Underground Phase of Cannon Gold Mine to Proceed, page-11

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  1. 15 Posts.
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    A few things:
    1. Own both WGX and SAU, and this deal looks to be win for both sides. SAU needs the cash for other projects and have just reduced their risk,and WGX wants to get in there and pull out the gold, as it borders their Georges reward project, and they don't have to worry about ownership of any ore they mine. Economy of scale will be a factor too.
    2. The whole point of SAU is that it is tightly held and a very small float. It is a huge plus. And upward move could be a massive one. And what are people complaining about? - any time I have wanted to add to my position I have easily done so.
 
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Currently unlisted public company.

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