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Message: Re: Financials
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Feb 09, 2011 11:45AM
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Feb 09, 2011 01:37PM

Feb 09, 2011 02:48PM
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Feb 10, 2011 12:10AM

"I believe they have already achieved part (i) of the growth strategy as they are already cash flow positive from operations."

I think it depends on how you interpret the strategy:

"The Company’s growth strategy is two-fold: (i) to establish a profitable mine production level..."


I interpret this to mean a level of production that results in a profit to the business as a whole, not just cash flow positive from mining operations.The bottom line for any business is profit or loss.Revenues are increasing which is good but at some point unless the plan is to just make money on operations but lose on admin. and exploration they will be eternally beholden to the banksters, who as we have seen lately , have a limit to their largesse.Is it time for SGR to put on it's big boy pants and pay it's own way yet?

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Feb 10, 2011 09:46PM
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Feb 10, 2011 11:12PM
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Feb 11, 2011 12:20AM
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