Re: NY mining conference
in response to
by
posted on
Jan 08, 2010 11:00PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Your patience and foresight paid off after 5 yrs, congradulations.
To grow the business, all public companys will need use their stock shares as an important means to get necessary capital from market, otherwise what is the point of being listed.gg is a master of this game. As we observe, gg is rewarded by the market with much higher P/E than other seninor players such as Barrick, Newmount, mainly because of their aggresive growth plan and execution, starting from 2000. sgr is very successful now, but it need grow both organically and strategically. Otherwise sooner or later other senior gold players will step in rice lake and grab cougar, wildcat, or sgr's little brother, skp, since I am pretty sure the 1700g/t news attracts lots of attentions. Without a strong SP, it is impossible for sgr to use stocks as a powerful tool to finance deals.
When a 300M market cap/zero revenue company got listed on tsx in 11/2009, there is no excuse for sgr mgmt to not even have an official time table to achieve the goal. Failing to attract new investors/new money to grow more aggressively, is something they need seriously address and fix, imho.