Looks like the company is keeping up its practice of giving in-the-money options to its executives. Nothing like making them work for the shareholders, eh?
Well those options are out of the money now.
Bearish engulfing candle today.
Quite a beating after a strong open.
An up day for gold.
No news good, bad or indifferent from the company.
Are they looking at a bad 3rd qtr.?
Market cap down around $735M now. A loss of nearly $170M in the last 8 trading days. Nearly a 19% reduction.
Has SGR lost it's mojo....is this the mother of all buying opps...stay tuned.
P.S. I was almost a buyer around 2.45 today but something was telling me to wait for a awhile yet. We are living in strange times indeed.