SAU 4.35% 8.8¢ southern gold limited

Sau fortunes will be made or lost on the drill bit..............

  1. 360 Posts.
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    Sau fortunes will be made or lost on the drill bit........... the same as it is for every Explorer. The fundamental difference here is Sau don't have to return to the capital markets year after year printing script for cash to keep the lights on. I encourage you to search the Asx for gold explorers that are self funded with our market cap and Soi and tenements. My only gripe is that we are not doing any drilling or exploration Simon should be more concerned with the sell side than the buy side IMHO
    As for BMV, Colin Patterson was part of a team who bought the Apex mine in the Philippines for US $7M and sold it for US$200m. I am fairly certain that Bmv will not be approaching a bank for funding.
    Good luck to all of us
 
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