SAU 4.35% 8.8¢ southern gold limited

London, page-4

  1. 732 Posts.
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    Don't agree ,
    $$$ in bank haven't been spent. Yes SK will need funding however if Bluebird dose a good job funding will be quite easy to obtain especially if SAU has some cash flow from say Weolyu. That in my opinion should be the top priority. Drilling simply is not generating cashflow, it is burning it.
    Cannon UG Not sure why people think that this has also been spent in SK. If we can't get SK generating income for less than 2 million , which we have, the board should be sacked.
    Cannon resource remains open so there is more gold available to be mined if economic, that will be tested when we get closer to the target.
    Australian tenements may not be as exciting as SK however they still represent real possibilities to repeat Cannon .
    Best of luck and hold on.
 
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