SVG 12.5% 2.7¢ savannah goldfields limited

The most recent 1/4erly cashflow report reveals transaction...

  1. 16,242 Posts.
    lightbulb Created with Sketch. 2525
    The most recent 1/4erly cashflow report reveals transaction costs related to the issues of shares and convertible notes = $127,000

    So let me see if I’ve got this right, we the shareholders paid $127,000 for the Directors and a couple of their mates to pillage and plunder LNY @ 0.003/share & 0.005/CN, just moments prior to the granting of the Mining lease and subsequent pouring of gold.

    ”One last raid” a well known broker mate stated at the time.

    Then the most recently appointed director (whom was surplus to requirements), selfishly and opportunistically sell LNY (on market), at first & maiden gold pour, at first opportunity (directly after his window opened), to partly fund another asx listed company.

    Remarkable...with respect to the directors...LNY is the gift that just keeps on giving!
 
watchlist Created with Sketch. Add SVG (ASX) to my watchlist
(20min delay)
Last
2.7¢
Change
0.003(12.5%)
Mkt cap ! $7.589M
Open High Low Value Volume
2.5¢ 2.7¢ 2.5¢ $710 26.80K

Buyers (Bids)

No. Vol. Price($)
1 136726 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 116987 2
View Market Depth
Last trade - 15.31pm 29/03/2024 (20 minute delay) ?
Last
2.5¢
  Change
0.003 ( 0.00 %)
Open High Low Volume
2.5¢ 2.5¢ 2.5¢ 33595
Last updated 13.57pm 29/03/2024 ?
SVG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.