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Message: Re: Lou Shiraz at Glode and Mail - must read ...

Lou generalizes too much and he needs to do a little more DD.

"When I look at SGR I see a management team that has moved the stock higher over the last seven years through a focused effort that has maintained their objective of building a profitable operation."

We've only been around in the current capacity since the GC/SGR amalgamation that was completed in 2005. If he would have went to the website he could have figured this out.

"The Rice Lake Mine has had over $120 million spent on improvements by Rea Gold Corporation ($90 million) in the early 1990's and Harmony Gold (Canada) Inc. ($30 million) in the early 2000's. In 2004, a joint venture company (owned by the two predecessor companies of San Gold) purchased the Rice Lake Mine, the mill, 550,000 ounces of audited gold resources and a small mine claim package for a total purchase price of $7.5 million. San Gold Corporation was formed in 2005 through the amalgamation of the joint venture participant companies, San Gold Resources Corporation and Gold City Industries Ltd."

I'm not cutting Lou, I'm just pointing out that the media for the most part just scratches the surface which could sway groupthink one way or the other and Extraordinary Popular Delusions probably sits on the desk of every media hack and politician out there praying on the herd.

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