St Andrew Goldfields Ord STADF

RE: Looks positive

[redfox]

Heinz: at 10:1 it would be close to 60 million shares and little room to issue more shares - remember they do this very nicely and keep getting even more folks into sharing this wonderful success story. If you have forgotten its about an 80% loss over the last few years when you combine huge surge in stock price and the modest issue of shares. So my guess would be closer to a 20 old for 1 new or even a 30 old for 1 new. That would leave either 30 or 20 million new shares outstanding. Heck I could see even a 50 to 1. all will depend on when this happens. Management, at the annual meeting, said that they would not do anything until production started up - can only believe them? Whenever this projected or speculated change happends then typically stocks fall back to where they were trading pre-consolidation as its only a question of time. With fewer shares out and some semblance of production, then can issue more shares, more warrants, more options and other financings. Seems like familiar territory doesn't it? I still wonder out loud that pog has never been higher, interest rates have never been lower, yet they are moving at the deposits at snail paces. On the positive side there has not been a release in a while, which must mean good news is ahead- it cant get much worse.