SAU 4.35% 8.8¢ southern gold limited

Great work mate. Blue bird will bring a lot of punters that...

  1. 5,521 Posts.
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    Great work mate. Blue bird will bring a lot of punters that would not otherwise of heard of Southern gold and they are just in the JV for two SK assets. Traders seem to be happy to take a few pips here at the moment and new money and exsisting holders happy to take 28c buys. Wouldn't be surprised to see a couple of pips either side of current SP until our next string of announcements.
    Doing some back of the envelope calcs last night I think we will generate about 150% of our market cap in free cash before SK production starts. If my calcs are right that would give us another 5c divvie and enough to fund SK development without any dilution. Please note these are very rough calcs thou and only include Cannon UG stage 1 and Doughnut jimmy/ lavoleous. Obviously pre jorc so only just a ball park for my own entertainment.
 
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