Re: ..Denver Web Cast
in response to
by
posted on
Sep 21, 2011 05:09PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Yes a good presentation. A lot of positive developments. Sounded like the new resource estimate announcement has been pushed out to either 1st or 2nd quarter of next year. The new 18,000 sq.ft. maintenance facility sounded great but the picture looked like it's pretty messy and disorganized.Also couldn't they get a picture with people working instead of 2 guys standing around shooting the breeze.A small thing perhaps but competition for investor dollars is fierce in this space as you can see be the large number of other presenters at this forum. Capital moves at the speed of a mouse click and it seems that capital is moving out of SGR. He talked about them stumbling and bruising their noses as they have tried to move forward and it looks like another bruising today. Finished the day with a market cap around $830 million. Compare with Dec.31, 2009 of about $975 M and Dec 31, 2010 of about $1300 M.This is serious backsliding in value as the company's product has become dearer and it's costs and margins improve. I have no answer for why this is the case . I am glad I parted out some of my investment in SGR to Avion Gold in May, which has certainly performed better. I continue to hold SGR but on days like today it's getting harder and harder to understand why. There's a disconnect between all the good things the company is trying to do and the markets evaluation of the shares. As this 2nd qtr comes to an end I hope SGR has something good to show for their effort. Our patience needs to be and deserves to be rewarded sooner rather than later.