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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

Comment by hempsteron Jul 01, 2019 5:44am
129 Views
Post# 29877855

RE:RE:RE:RE:RE:RE:We need rebounce from the Venture Exchange

RE:RE:RE:RE:RE:RE:We need rebounce from the Venture ExchangeThis correlation with the Venture market is interesting, thank you for pointing that out. It looks like both TGV and the TSX have hit rock bottom, so at least it cannot get any more much worse.

In the end of this month we should get new financials, maybe this will mark an end to this down trend? I surely hope so and the chances are not even that bad I guess (especially since chances of this stock are simply so much higher than the risks).

What is interesting is that mining stocks which are listed in South Africa have already showed some superb performance this year - plus the whole sector does all in all have a pretty bright outlook of the future, which one might take as an indicator that Tango should also do quite well this year (at least in terms of fundamentals).
Whoever picks up some shares now, might be able to make some pretty easy profits in the near to mid-term future.
https://mg.co.za/article/2019-06-28-00-mining-shares-bust-the-gloom
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