He actually spent the time to answer, without sarcasm, a newbies question on the outhouse board. Good for him.
'Buy on mystery, sell on history' or 'Buy the rumour, sell the news' It's not an infallible axiom but, many times, the share price of stock will advance in anticipation of a news release as investors/traders speculate on the contents of the NR (mystery). If the news is blockbuster, a company maker discovery say, the SP may gap up to reflect a material change, but often, as is almost always the case with SGR, the SP will soften since the news, having now been released (history), is generally not earthshattering and there will likely be a wait for the next news. While today's NR is not bad, in fact in many ways is very good, especially in terms of continuity of the deposit(s), it is 'more of the same' ie what was expected in terms of grades and therefore holds no surprises. What the market wants, IMO, is an indication from the company that they are cash flow positive, that the deposit can be produced economically and at volumes that so far have not been close to forecasts. To a lesser extent, the 43-101 for the Hinge will quantify a portion of the resource and allow for a move to the TSX. I try to sell into strength, which in general, prefaces an NR. I am divesting of some SGR at this point in an effort to re-balance my portfolio which is still excessively overweight this company. My decision to proceed in this direction is more one of prudence than a specific reflection on the company. AIMO