St Andrew Goldfields Ord STADF

disappointing Alaska news

[redfox]

I'm pissed. Spoke to geologist two weeks ago and everything was flying high for the Alaska property- understood the geology, ore body bigger than anticipated, ores higher than originally forecast, just a question of a few more holes. Last releases- delay in underground work, but dont worry we will trea the tailings. Yes thats small consolation, but hey, we turn some money. Now, tailings delayed, drilling delayed, underground mining delayed, income delayed, permitting delayed. Disappointed is the nicest word that I can use. Now I know why the large blocks of shares crossed and why this has not moved, despite all of the great news. I think that SAS is still a good bet. I have always said that Thanksgiving will be a time to give thanks for what they have done. We should have our first gold poured and income should start to come in. Its too bad that the Alaska play has not panned out as planned. To me first quarter of 05 might as well be the last quarter of 05 as there are simply that many more days for bad news to come out. They have yet to release all of the assays for Alaskan play- either they are great or they stink. Either way I dont like the waiting game as the more the wait, the worse the news gets.