St Andrew Goldfields Ord STADF

RE:Just my gut feeling

[TedOwens]

The lowering of the 2014 projections is a direct consequence that is associated with projected level of gold reserves the company will have available to mine over the coming 12 months............Exploration aggressiveness undertaken by the company appears to have taken a back seat to production cost reductions and while it was effective in attaining a lowered cash cost guidance figure for 2014, it also created a major caveat for the company in that its availability of its primary product of business, in this case gold resources in bankable levels of confidence, is dropping and as such its guidance figures..............For a company with such a large and lucrative land base, its parallel oriented lack of exploration aggressiveness outside of its "near mine" focus will have future consequences towards its bottom line............It is unlikely that this play will be taken over any time soon as it does not have the proven reserves in place at levels which would even closely resemble thresholds which a larger entity would be able to take advantage of. If anything, its land base enormity will be its demise as the company sits on the most prospective gold bearing trend that would rival a senior producers portfolio...............Discovery news on this play is what is needed in a big way or it will be valuated only against its land base speculation returns only........