Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: A Losing Battle on Both Fronts

JFF7, why would they do another PP?

There's 40 mln of cash on the balance sheet.

If they need $$$ for a new mill, they can borrow it as this is now a cash generating business.

If you recall, the last PP was done at $4.00. And Dundee took that one, so I think they would have something to say about doing another one at anything less than that.

In fact, if they did have any plans on doing a PP, the current slide in share price, just kyboshed that.

Share
New Message
Please login to post a reply