Re: San Gold is Moving Forward
in response to
by
posted on
Aug 16, 2011 09:48AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I was lucky and sold out at $4.60 and bought back in at $2.55 and at $2.55 I am not feeling comfortable at all. If gold drops this could easily break the $2.00 price in a panic. There are a lot of .20oz/t producers out there so San is not that special right now .
No offense but if you're sitting on a profit like you say and you're feeling uncomfortable about the price dropping to less than $2.00 why wouldn't you just sell? Especially when you have doubts as to whether or not the decisions to drill are good business decisions or just a way to skim cash off the operation for Hugh Wynne? As you say SGR is really just a dime a dozen company at this point with all those other shady factors mixed in. If I looked at it the way you did, I would consider myself extremely lucky to get out of this run of the mill dog with a profit before the house of cards collapsed on itself? What I am missing?