It is clear that hard decisions need to be made at this point.

The board needs to split fantasy from reality.

There is the "IF" we did this, we could reach these targets scenario, and they always seem so promising. This kind of thinking has hurt this company to the point where it is now a matter of whether or not the company is a going concern.

What the company needs is to scale back the dream and start producing reality.

From what I can see, the most alarming trend that faces this company is the sinking head grade. Why has the grade fallen off a cliff? What can they change to bring it back up?

The market has priced SGR in the reality as they see it.

It is the board's responsibility to change the perception of the market by mining the gold in the most effective means and being realistic about it. I hope that the change at the top is a sign that this board is going to start down that path.

I sit on the board of a few daycares, and have for the last several years, long after my kids have been out of those daycares. I have taken organizations that were bleeding money, and turned them into profitable businesses that now have the free cash to do the renovations that are not necesssary. Everyone is happy from the staff to the parents to the kids in the centers.

I know that some of you here will scoff at this and say that daycares are not mining companies, and you would be right. But business is business, if you spend the money faster than you can make it without any real hope of increasing revenues to pay for it later, then you are going to fail. What SGR needs is a money manager that understands the business of business. With someone like that, the board could make better business decisions that may signal to the market that they are going to live within their means and have a growth strategy.

It can be done, and then jokers like this Doulis character, couldn't influence the market so easily.