Re: Shareholder Communication
in response to
by
posted on
Aug 26, 2008 10:38AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Silverback, I agree with your comments. You said:
"Clearly missed and revised production targets haven't helped the cause."
Those of us who have talked to management about this issue have been provided with a very plausible and reasonable response which is something along these lines
"The new discoveries justified more agressive exploration over ramping up production as the new discoveries have the potential to alter the priorities for where production is derived."
Now, that message has not been conveyed in an effective manner IMHO. Investors still say "SGR is having problems with production because they keep missing targets".
If we want the big boys to invest, we need EPS. If we want "excitement" we need exploration. If we want both, we need patience. Good luck to all.