Re: More from Dundee
in response to
by
posted on
Apr 10, 2011 07:01PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Balerdash, exactly Silver , this game of deception was created by Bay ST. in-order to fill their pockets with cheap shares. Lets step back for a minute here and reflect what i said as Sans anouncment back in 2008 / 09 of production target"s was my reason for selling SAn"s shares and i told the board at that time. San:s mining plans changed because of the near surface finds ( hinge, 007, emporer, cohibina ) and would cause production delays as development would be slow ( Pac Man San ) causing Sans deception. Management may have faulted here for not anouncing that development could delay production, but they did offer a FL which says the funds must be used for development so is San to blame or the investor not knowing what to do. I know i told the board to sell at their $ 5.00 target and even MBgold rebuttal and post to forget what i told the board...........Silver. ( Your record on the 'fairways' isn't very good )..since i sold San, and i well say here that i am a ratio trader as i well value mining companies for their upside, i made SKP my core holding and road SKP to the point my position got top heavy so i took my original investment off the Greens but because of my low cost base still held a large position. Sans down fall also contributed to the fall of SKP shares as they share the same synergies and the deception spread around the Greens. I recently bought back into SKP ( JV WITH san) as i see this ratio between the two offering alot of up side...Silver, we have had these rebuttals since 2007 and it seems things always get taken out of context over time.. I will offer you this as a reference point as how bad my record is on the fairway so you can look back and say i told you so...Ok, here"s the game plan, looking at my current TFSA value i could purchase 20,000 shares of SGR at the current price of $ 2.90 or stick with what i currently have which is the value of owning the 20,000 SGR shares. Lets say SGR hits their $ 5.00 target so my TFSA with 20,000 shares would value $ 100,000.00. I well post for you again from this reference what the value of my TFSA is when San reaches
Discount Brokerage | As of 08-Apr-2011 |
Cash Balance (after settlement): | $14.00 | Margin Available: | N/A | |||
Securities Market Value: | $58,568.00 | Securities Book Value: | $55,712.15 | |||
Total Market Value: | $58,582.00 | Total Book Value: | $55,726.15 |
ActionSecurityQtyPrice Book ValueMkt Value | |||||||||||||||
Buy Sell | PUMA EXPLORATION INC | 116,000 | $0.25 | $23,132.18 | $28,420.00 | ||||||||||
|
|||||||||||||||
Buy Sell | STRIKEPOINT GOLD INC | 194,500 | $0.16 | $32,579.97 | $30,148.00 | ||||||||||
|
|||||||||||||||
Securities Total | $55,712.15 | $58,568.00 | |||||||||||||
+ Cash | $14.00 | $14.00 | |||||||||||||
Totals | $55,726.15 | $58,582.00 | |||||||||||||
$ 5.00 and we well see what the Traps7 is made of...with out prejudice........................