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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 POG1200on Jan 15, 2020 2:57pm
169 Views
Post# 30556900

RE:BIG STONE....!!!!

RE:BIG STONE....!!!!
SML may be close to a much larger share price.  I think SML's sp depends on the next annual report.  I think the magament knows what it's doing.  Because of them SML has gone from an annual loss to an anual profit, albiet a very small profit.  There's a chance, depending on production outcomes, that next year's profit is dramatically more, at which time managment might advertise.  I think it is the lack of advertising that is keeping the sp down right now.  Probably a good call by management where they are thinking it is too early to be very optimistic.  Also, to a certain extent, managements usually advertise when they want to boost the price for personal sales.  Once again, porably too early for that.  I'm hoping to see some under-promising, over-deliveing out of Southstone going forward from here.  We may be in the middle of some of that right now.  Seems, as far as specs go, SML is currently a pretty good one - but certainly a risk.  I don't think the company's old history has much to do with what the future has in store for SML's sp.   JMO.
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