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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 03, 2019 3:55am
133 Views
Post# 29882146

RE:Tree shakin, normal

RE:Tree shakin, normalThis is just one side of the coin. The other side is that the CEO owns almost 6 million shares and Gallagher (director) over 14 million, so they are be some of the people who'd benefit the most from a higher stock price.
This quite huge insider ownership (and Gallagher even forgave the company debts it owed to him) shows that these people do have trust in themselves and the company.

But anyhow, when looking at this insider ownership it becomes even harder to comprehend why they give us so few news releases..
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