St Augustine Gold and Copper Ltd T.SAU

They are going to place into production?

[RealityCheck123]

https://www.sagcmining.com/wp-content/uploads/2021/05/March-2021-Interim-Financial-Statement.pdf

 

"The ability of the Company to continue as a going concern is dependent upon obtaining necessary financing to complete permitting activities, engineering design, construction and placement of the mineral property into commercial production. The Financial Statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence."

 

796.9m shares. $26,889m debt. No feasibility study. No established economics.  Not a mining company.  

 

[singlefile]

Do you have even the slightest notion of logic? SAU has not been permitted to mine, period. If your municipality told you the addition to your home will have to wait for final Gov. approvel would you borrow money from a bank/lender and/or prepare final documentaion etc. Would spend the extra money on interest to carry the loan for site prep. legal fees etc. etc. not knowing if you even can dig

[RealityCheck123]

They are not miners and have never operated a mine.  No one is going to lend them money to build a mine.   Their only hope is to attact a jv partner or buy-out, but that is very unlikely anytime in the foreseeable future. It's their financial report stating funding to construct and operate a mine.  Ask them for clarification.   

[kingkingmaster]

Step 1 - get ban lifted Step 2 - sign a JV partner for funding it's been said before why do you keep bashing the stock? its a penny stock rife with risk.  so you think this company is worthless? well its trading at 10-11c, so you're obviously wrong. why do you keep wasting precious time bashing a stock you dont even own ??

[singlefile]

KKM agree with you 100% .. RealityChk wants to own the stock but he's just to cheap to pay 11 cents for it. So he /she attempts to bash the stock into his/her affordibility range (whatever that is?) Anyway, it's a democratic society so good luck with your plan here. It's more likely you've missed the boat if you are unwilling to jump in now and make a nice profit shortly. 

[RealityCheck123]

Given your illogic of a $1.50 share price in the future, of course a purchase at $0.11 would appear logical. However, the share price is never going back to its 2011/2012 levels so it would be an unwise investment.   Hope you are not a financial consultant/advisor for your logic is illogical.    Best of luck!

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