St Andrew Goldfields Ord STADF

RE: Sas

[mowok213]

Anything can happen to juniors. The SP is trading low because of the Abramson discount and management team (i.e. missing forecasts last year and the reserves error this year), which is proving to be a huge hurdle for SAS considering the strong earnings/cash flows this quarter and we still hit red.

I give it 6 months for SAS to turn around. Over the next 3 months should be interesting drilling results and reserves updates and if earnings/cash flows continue to be strong over the next 2 quarters, then SP should be doing well (assuming flat gold prices).

But I'm sure given the sentiment on this board, we all rather see this POS get bought out soon (hoping at over a buck but probably dreaming) and move on to other investments. GLTA.