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SAU - SOUTHERN GOLD LIMITED


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Interesting before the market opens there was a buyer for 222727 shares at 20 cents, but then he withdrew his bid, fine.

 

But there's every opportunity for him to buy out 16.5 during the day, but he failed to do. Why?? Equally the 222727 could have sold, but didn't.

 

I suspect that buyer is not genuine, because for him 16.5 cents definitely looks good given he placed a bid at 20 cents in the morning.

 

Could this be a set up for further selling?

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In reply to: TilehurstResearch on Friday 02/12/05 12:31pm

hmmm, i'm interstate at the moment . . . out of time, but;

 

-Victory is sounding good http://www.sharescene.com/html/emoticons/rolleyes.gif

 

-Excellent (new) targets on Peterlumbo Hill JV, l have been on about these for months now.

 

From HMR ann, re: Yathong;

 

Current best estimate is that correlation is approximately 1:1,

ie 600cps is roughly 600ppm through aircore casing.

 

Radiometric survey

detected to 1500cps

coincident with anomalous

U in surface samples.

 

Therefore we have highgrade surface mineralisation of about 1500ppm (1.5kg/T - U), that is 0.15% at surface, 4x the grade that PNN call a resource. At the source (yathong) this is likely to be more than 10x.

 

As for Victory;

Diamond drilling

completed this

week, assays likely

by January.

 

Results due BEFORE Jan .

 

hmmmm, do l buy more?

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Dear Sir/Madam

 

VICTORY DRILLING COMPLETED

The four hole drilling program totaling 1100m on the Victory Prospect has been completed this week.

Heavily altered and veined predominantly mafic voclanics with minor sulphides was intersected by drilling. Brecciation was reported in one of the four holes, but no significant hematite was intercepted.

Assay results are likely to be available toward the end of December.

The petrological, petrophysical and geochemical information being assessed will advance the definition of the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s exploration models and the drilling of its pipeline of additional IOCGU exploration projects.

This drilling program is jointly funded by Joint Venture partners Hindmarsh Resources Ltd (earning 35%) and is supported by $80,000 of Government PACE funding.

 

Yours faithfully

S BIGGINS Contact:

Managing Director

 

http://www.sharescene.com/html/emoticons/weirdsmiley.gif

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In reply to: dejams007 on Friday 02/12/05 05:32pm

This co. is a laugh....IMHO.

 

Where is the MD to ramp the SPP at 22c up now ? http://www.sharescene.com/html/emoticons/laughingsmiley.gif

 

Monday this stock will drop to the floor....

 

good luck ppl

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