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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

Comment by hempsteron Jun 22, 2019 7:27am
95 Views
Post# 29852187

RE:RE:We need rebounce from the Venture Exchange

RE:RE:We need rebounce from the Venture ExchangeCoal is still very relevant for South Africa so I don't think it would be necessary to sell these mines.
In terms of projects Tango is doing pretty fine at the moment. The things which have had the most negative impact on the stock price are firstly the pretty much non-existent shareholder communication (quaterly updates are simply to little to keep the market interested), and secondly the fact that Tucker dumped all his shares (sold his last ones yesterday) over the last  few months (beginning last autumn), especially during times when the stock showed hints of a positive development, like this January.
Unfortunately Tango has not yet released the result of this years shareholders meeting, so we don't know if Tucker is still part of the management or not.. On Tango's website he is still listed as executive chairman. Anyway, at least he has not any shares left to sell, which means that next month when TGV is supposed to release new financials there is now the slight chance we might see a more positive, and more solid development of the stock price.
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