St Andrew Goldfields Ord STADF

RE:RE:Low volumes reflect low interest in SAS

[TedOwens]

Primero is unlikely a suitor towards any St. Andrew buy out scenarios coming about any time soon due to it's capital reserves all but being depleted as a result of it's Brigus dealings. Primero is still trying to bring another mine into production in Mexico and had to resort to flow-through to finance the Black-Fox exploration drilling. The recent credit buy also suggest that it does not have much free capital reserve leftovers in order to do much of anything other than fund basic development work at its current project bases which no includes Black Fox so its technically unlikely that St. Andrew is in any way in the line of fire for an attack by Primero.........The Taylor bulk sample outcome wont be a surprise element by any means as they pretty much already know from delineation drilling what will come out of it should it average out against drill returns to date..........Taylor is a great project but again its relatively a small deposit against what would be needed to be in place in order to really make this play take off.........St. Andrew is a slow and steady player and its share price and volumes reflect this so don't expect anything huge to happen anytime soon.