Re: News overdue??? Fair valuation
in response to
by
posted on
Jul 09, 2010 03:11PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Ruf,
I think the IR thing is overated, because in this sector it usually hype (or construed as).
The people who have the funds to drive this stock base their valuations on real numbers, not hopes and dreams, even if the future "potential" of SGR does appear to be fantastic. I just think that people who manage million (billions, trillions) are not at liberty to take chances like that......
When the hard numbers from the accountant start confirming what all the hardcore longs here assume to be true already, this stock will continue to create additional wealth for people.
Also, the five year chart of SGR looks might fine to me. I am not sure what all the grumblings is about.
I also believe there are some who would like to control the ascent of this stock, both so that it doesn't get ahead of itself, as well as for accumulation purposes.
Full Disclosure: I am a big believer in SGR and I fully believe that this stock is destined for many multiples of its current price.
FWIW
MB