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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower Orange River. Oena, a producing alluvial diamond property, is located within an alluvial diamond mining province about 50 km upstream of Namdeb’s Auchas and Daberas alluvial diamond mines, located on the Namibian or north bank of the Orange River, and about 15 km and 60 km upstream of Trans Hex’s Reuning and Baken alluvial diamond mines. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited, and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Post by JSMichauon Jun 19, 2019 10:00am
132 Views
Post# 29839620

We need rebounce from the Venture Exchange

We need rebounce from the Venture ExchangeThe price is heavily correlated with the JX (which is the TSX-Venture's index).  And currently, the JX is almost at 2008 level (all time low).  As long as the Venture doesn't have traction, even good news won't make the stock move, because no one is in the TSX-V (except cannabis stock).  So I guess we need even more patience than what expected.  The good thing is, this company is not going bankrupt and got upside, so I'll wait longer than I wanted, but not much choice anyway!  

Also, I think that the coal mines are dragging the interest low, since some hedge fund now devest from coal stocks and other "dirty" energy.
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