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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The Company holds a 43% interest in the Oena Diamond Mine (Oena), which is located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is a producing alluvial diamond property. Oena is approximately 8,800 hectares in size and covers a 4.8 kilometers (kms) wide strip along a 15 kms length of the lower Orange River. The property has two separate and distinctly different aged diamondiferous bearing paleochannel gravels: Proto-terraces and Meso-terraces. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Bullboard Posts
Post by BeerGeekon Aug 30, 2016 1:51pm
252 Views
Post# 25191932

Something to consider...

Something to consider...

Tomorrow is the fiscal year end for Tango. Claiming a $30M loan would be advantageous to fall into the next quarter rather than yesterday/today. Looking forward to what next week will have in store... This is quite possibly why the release was so vague regarding money, while surely NOT stating that it wans't going to go through at all. We may be seeing the money after all, likely before the 9th. 

Bullboard Posts