He only recommends San as a hold, 12 holds vs 36 buys in his portfolio.

The full article reads as follows:

Quote"San Gold is certainly one of our more satisfying recommendations and we think it also has a huge upside potential to it, given the company's high grade hinge discovery as well as numerous parallel high grade zones near surface. The combination of production from the hinge and increased mill throughput should lead to a profitable year for this relatively new gold producer. A combination of profits with visions of a large long gold mine life, high grade deposit should see 2010 as the year that this company's shares begin a major rise. Indeed, this company is now making it into the "big leagues". I say that, given that an old banking colleague of mine with a major international bank called me to ask about this company. It seems as though this institution is courting San Gold. My only hope is that San Gold will resist any significant hedging requirements. Knowing the management, I think they will, but you never know for sure. I am never bothered by short term hedging that can be paid down within a year or two years at most. But longer run hedges ar very problematic, especially if we get high levels of inflation. That could really pinch profit margins." Unquote

This article should be the basis of at least one question a the AGM as obviously the major bank has been approached about a gold loan in Jay Taylor's weak mind! IMHO

HM

Without Predjudice