SAU 4.35% 8.8¢ southern gold limited

News: SAU Bluebird Merchant Ventures Executes JV Agreement With Southern Gold, page-8

  1. 91 Posts.
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    Still watching from the sidelines here...some good news from BMV's perspective. The risk with SAU is cash burn and time. They are not running a lean business like BMV is. 3.3mil cash at last qtr and estimated cash burn of 1.37mil this qtr is concerning. So potentially 2mil left at 30 June. SK 50:50 bills to start in Sept. SAU need NST to pull their finger out or they will require further funding....not trying to be negative but something to think about. Good luck all.
 
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Currently unlisted public company.

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