$149m trading in one month on $50m worth of DB's, what this about ?

so basically the assets have no charge against them by the DB holders, so in a worst case senerio they could be used as collaterial to raise financing. Even if Ian doesn't get to a fully cash flow positive position in 6 months, the burn rate should be much better than in the past with GP. They really need to cut back on ALL surface drilling.

The DB holders may or may not convert but that is 5 years from now. As long as SGR pays them their semi-annual interest (little less than $2m) they should be no issue.

I bought 83,000 @ $.125 and 51,000 at .17 believing that we are way over sold and something is going to cause us to break to the upside.

Gold is up to $1,383 (looks like it touched $1,400 today) now we just need to USD to start turnng down and the media assualt on gold to cool.