St Andrew Goldfields Ord STADF

RE:RE:RE:Disappointing ... Or am I reading wrong

[TedOwens]

Yes its hard to believe that this is the same company when taking into account the surprise shortcomings of its 2014 guidance figures..........The biggest issue with this company is the dwindling down of the available "reserve category" gold ounce figures which constitute the bankable assets of the company.........St. Andrew has enormous land holdings but has relatively small operational sources in place and with Hislop winding down and Taylor still ramping up over the next year or so, leaves the majority of St. Andrews asset valuation levels almost totally dependent on the Holt-Holloway operations which are at best, only producing about 60,000 or so ounces annually which at the same time, appears to be struggling to increase the reserve availability towards production sustainability but definitely not growth in parallel..........St. Andrew needs a big discovery with big ounces to really fly but little effort appears to be being made towards the regional exploration undertakings which would need to be in place in order to take advantage of the "big exploration trend holdings" pitch............If there is a take-over scenario building in the background it could only due to a bigger player looking to come into the picture for the land base itself which could be taken advantage of with deeper pockets.