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SAU - Southern Gold

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Hi all,

My first post :) - I've been watching the spike that occured a few weeks ago when SAU announced their plans to do uranium. Seems that today's anouncement about expanding operations should produce a reasonable spike. I'd appreciate opinions on strategies / risks on this stock. My feeling is that long-term this has excellent prospects but the immediate future will be rather bumpy.
 
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Re: SAU - any opinions on uranium exploration...

Nobody seemed interested a few weeks ago - but this has been on the rise for the past two days which is rather surprising given everything else that is going on.

I caught a good trade at 25c last week and hoped to see over 30c by the end of the month. I was most surprised to see it hit 30.5c yesterday.

Looks like good reports will come through at the end of the month after the drilling.
 
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Re: SAU - any opinions on uranium exploration...

Brits'

This could go down tomorrow (reversal).

(although anything can happen these days - depending on the DOW tonight!).
 
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Re: SAU - any opinions on uranium exploration...

i bought some at 23.5 a few weeks back, as far as uranium explorers go this one has heaps of potential and the market cap is pretty low compared to others... some solid bids holding up the buy side now, i'm expecting it to keep creeping north as we get closer to victory results


great to see it hold today while the rest of the market, took a dive
 
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Re: SAU - any opinions on uranium exploration...

spp at 22c, damn will slow this down a bit, it was looking at a nice steady climb towards drill results.
o well..
 
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Re: SAU - any opinions on uranium exploration...

Yeah that release worried me. I was hoping for a good run to end of month.

In everyone's experience what happens when a spp this much lower than market price happens?

Will people just buy little packets so that they can then buy some at the 22c price?

I figured that people wouldn't want to get in at anything much above the spp 22c

It has regularly had a few end of day trades slip through at around 26c and spend the day hovering between 27 and 28.
 
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Re: SAU - any opinions on uranium exploration...

I think they are going to need some extraordinary news to instill peoples confidence back into this one. I got in at .18 seen it go up then down and ended up pulling the pin at .23. Dont have enough confidence in them yet. Stacks of potential though just seen others in the market that were a better option imo.
 
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Re: SAU - any opinions on uranium exploration...

I still like this one alot, results at the end of this month then more in january?.. if victory is good still got the other one to keep people interested and hold any run on the sp...

good ground etc.. i'll be reentering in a week or 2, placement should hold it down for a little..
 
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Re: SAU - any opinions on uranium exploration...

i agree it is definately one to keep an eye on but it is still going to take a bit to get it moving i wasnt trying to bag it just not yet and keep watching for sure
 
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Re: SAU - any opinions on uranium exploration...

This one is on the move again. At it's peak price today it was 37.5% up on the previous day. There were results out - more progress reports than anything - but perhaps people got excited because SAU's partner Hindmarsh is being bought out by a canadian uraniam miner group.

If anyone has a better idea why this has started moving again - and perhaps some feeling on where it might peak - I'd like to hear from you.
 
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Anyone still holding? I've still got a few packets that I got at 25c. .... starting to get impatient. :(
 
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britishcarfreak said:
Anyone still holding? I've still got a few packets that I got at 25c. .... starting to get impatient. :(
i just did a bit of research of this company...

at friday 24/2 close of 0.19, market cap is only $6million...

they have $3million cash, which is 9.5cps..

Also, HMR(or MGA) is going to spend $1M on exploration on SAU EL's this year, with a further commitment to spend at least an additional $1.5M.

they will also get 150k from SA government under the PACE (program for accelerated exploration)

If you add this $2.65M of funding that has been commited to SAU to the $3M cash, you will see that we are paying $350k for their entire exploration portfolio...!! thats nothing!!!

which includes:
1) bulong south (WA): Gold, nickel
2) challenger west (SA): Gold, uranium
3) harris greenstone (SA): Gold, nickel
4) yarlbrinda (SA): Copper, gold, uranium
5) southern gawla (SA): Copper, gold, uranium
6) granfell (NSW): Gold

also, they have JV with DOM at challenger...

this seems to be very undervalued, and with results from several drillings coming in the next few months, the sp could really fly when its value/potential is realised...

also, 5 directors bought shares in november, for around 0.18....

any thoughts?
 
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Your figures seem fair - Market a bit negative I think because of the questionable SPP. Also have delayed some projects & not achieved some timeframes.

Very much early days & when it finds it's feet, ie: "some positive drills," then IMO it will move very quickly as it is tightly held.

Regards
 
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There have been a few opportunities to buy at 17-18c over the last week. I was worried to see a director offload some shares....
 
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britishcarfreak said:
There have been a few opportunities to buy at 17-18c over the last week. I was worried to see a director offload some shares....
dont take much notice into director selling...

they can sell for several reasons: but director buying is ALWAYS a bullish sign, they only buy for 1 reason..
 
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Is this a good buy at 19c?

Is the govt's stand on uranium mining going to effect the sp?
Is there anything positive or negative worthy of mention at the moment.

Cheers ears
 
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Hi pharoah,

I consider anything under 20c a great buy. This just has to take off in the next few months. I loaded up at 25c and was too bold to sell off as it fell. I've taken another load at 16.5 c recently and now I'm balanced out i.e. no loss at current market price of around 19c.

Keep an eye on it.
 
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:)

Hi folks,

SAU ..... here's a technical update and some
time cycles ahead ..... :)

Hangingman candle on 29032006 has set us up for
a pullback, to then allow a more sustainable rally,
going forward.

Looking ahead, we can see likely key dates
for SAU, around:

03042006 ..... 2 minor cycles here.

11042006 ..... significant and positive news ???

14042006 ..... negative spotlight on SAU ???

28042006 ..... positive (financial?) news .....???


12-15052006 ..... minor and positive

17052006 ..... minor and positive news???

24052006 ..... 2 significant cycles here ... looks big ...
..... may be negative financial news???

31052006 ..... minor news


15062006 ..... minor

19-20062006 ..... June solstice 2006 ... may bring significant
and positive news - (finance-related???)


Hope this helps you some.

happy trading

yogi

:)
 
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