St Andrew Goldfields Ord STADF

Mackie Research Capital Corp initiates coverage 7/29/15

[goldpoet]

with a Buy rating, one year target price C$0.55.

Highlights:

Compares to Claude (CRJ), Kirkland (KGI), Lake Shore (LSG), Metanor (MTO), RIchmont (RIC), Wesdome (WDO), and SAS has a valuation about about 40% of these peers based on a blended 2015/16 metric.........SAS debt is 4m compared to peer average 33m....2105 SAS guidance 106K vs 92K of peers....SAS was $0.27C when Makie did their report.

Taylor royalty on section to be mined initially is 2%, only 1% in another area of that mine.

Report entitled:  A Stealth Producer in Plain Sight


(I don't think I'm allowed to link the proprietary report but if I'm given permission I will.  This is the first analyst to begin following SAS, management is working on more coverage, a good sign.  Mine closure plan has been submitted, anticipating permit by early Oct., and management believes bringing Taylor into commercial production will be a key event in terms of possible re-rating of valuation)

The season of Steath will be over 'just like that'.

[darb]

Thanks, that explains this mornings action.

[Highwired7]

There, fixed it for ya. https://www.dakotafinancialnews.com/st-andrew-goldfields-earns-buy-rating-from-analysts-at-mackie-sas/295054/