Re: San City........Question...
in response to
by
posted on
Aug 30, 2008 11:58AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
While improved communications/IR would certainly be nice and would help the company in its presentation, I do not agree that it would move the share price (at least not for the long term). PR's and nice presentations generate some interest, but it is the real numbers that support the value and so far we do not have the numbers we need in production, gold sales, nor in the updated 43-101 we are still waiting for.
Improved communications would likely have supported the share price at higher levels. Touting oneself as a producer, then abrubptly changing direction towards exploration - without adequate explanation to the investing public as to why this was being done - has obviously resulted in the languishing share price. They should at least make it tougher for Ned and boys to shake out Ma and Pa.