Re: TD lowers recommendation on SGR
in response to
by
posted on
Sep 10, 2010 11:48AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Last 43-101 was 1.6 mill. oz or so. IR is completely unreliable. Before the new 43-101(sequel) came out they were calling it the "second part" of the 43-101 that needed to be done for listing on the TSX. Not the: Cr@p the TSX won't take the BS estimate of oz we have provided. We needed to do more drilling to firm up the numbers so people would believe us. Management and George are both complicit in this act. Up to now the market still doesn't believe them.
Actually knowing this company for as long as I have and the way the sp has dropped one would think we are being set up for another round of financing :).
End on a happy note. The big major in town gives us an offer $6.50 a share. Well, it is Friday and I feel a little worked over for the week and feel generous soooooo they can have my share of the 20 million oz deposit for said sp.