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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 Jul 03, 2019 3:55am
117 Views
Post# 29882146

RE:Tree shakin, normal

RE:Tree shakin, normalThis is just one side of the coin. The other side is that the CEO owns almost 6 million shares and Gallagher (director) over 14 million, so they are be some of the people who'd benefit the most from a higher stock price.
This quite huge insider ownership (and Gallagher even forgave the company debts it owed to him) shows that these people do have trust in themselves and the company.

But anyhow, when looking at this insider ownership it becomes even harder to comprehend why they give us so few news releases..
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