Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: San Gold - SGR
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I added to my position a couple of days ago (a tad too early, but I think it's been overdone on the downside). They've arranged a $50M, 5 year, 8% debenture with Scotia and CIBC. It is convertible at $0.50/sh. There is an option for a further $7.5M on the same terms.

I believe it has been an orchestrated sp drop to accommodate this financing (there were some analyst downgrades just before this news came out).

Bottom line - I think it is cheap at current levels, although in this awful mining market it may or may not recover too quickly.

BTW, there was a block (cross?) of about 800,000 shs just before the close today on an uptick to $0.365.

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Re: San Gold - SGR

Kits09
Feb 20, 2013 04:26PM
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