Bullboard - Stock Discussion Forum Southstone Minerals Ltd FDGMF

Primary Symbol: V.SML

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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... see more

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TSXV:SML - Post Discussion

Southstone Minerals Ltd > Gallagher wants 74% of Kwena for 39.9m shares

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Post by GoodOutlook2015 on Aug 13, 2019 11:21am

Gallagher wants 74% of Kwena for 39.9m shares

so Gallagher wants a total of 74%, 5% more than we purchased in 2016 for the equivalent of 42,600,000 which is 2,611,840 less in shares than Gallagheris currently offering . ttps://www.juniorminingnetwork.com/junior-miner-news/press-releases/421-tsx-venture/tgv/22336-tango-acquires-additional-23-interest-in-kwena-group.html

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Comment by JSMichau on Aug 13, 2019 9:42pm

They did lose Glencore as client when the Mining Charter was introduced. So a lower valuation is normal. I have no issue at all with that. I think the coal mining was dragging the SP low anyway.

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Southstone Minerals Ltd