SH Bullboard posts – Jan 23, 2007 and subsequent replies/posts

LDJWPG: Long on SGR

In the analogy of a ship, there are times when the shore is not visible giving no clear frame of reference, but the captain who knows where he is going stays the course. On a long distance voyage there are no doubt times when storms arise and beat on the boat, but the captain stays the course. Meanwhile, some on board, not seeing where they are going get restless and nervous and, in the storms, are afraid the ship won't make it. But the good captain stays the course and eventually the ship makes its destination.

I believe the SGR management know how to sail the ship. I see that they are staying their course. They aren't passing out their position reports as often as we like; they aren't conferring with the "passengers" to the extent the passengers would prefer. But, I think they are sailing the ship and, from what I can see, are doing that with skill.

I am on the ship and understand that this may be a long voyage -- a bit longer than I originally expected, but I expect the arrival on the other end will be sweet. The reports of what lies ahead are consistently that there is a large treasure. Meanwhile, I can see some are ready to abandon ship; to get onto another ship heading somewhere else; perhaps, to extend the analogy perhaps there are some getting tired of the slow journey on this big boat and jumping off into faster, smaller speedboats to get to some destination sooner....maybe they will, maybe they won't...who knows.

I prefer to stay on board....as they say, someday my "ship will come in" and I want to be there when it does.

LONG on SGR.

LDJ
____________________________________...

Reply by sgrady:

Well put ldjwpg.
I just don't see a better ship out there to jump on to, even though I thought by this stage, we might have seen a glimpse of the "promised" land.
I'm not jumping ship.
____________________________________...

Reply by Dark1:

hey i'm on the ship also, i just hope it's not another Titanic! going long also.
____________________________________...

Reply by Maza: Ship to Shore…MAYDAY, MAYDAY

We lost our rudder in stormy sea's. MAYDAY, MAYDAY!!! Do we abandon ship and swim for another ship??? Were taking on water. MAYDAY MAYDAY!!! C'mon Captain let's get this ship back to port.

Maza
____________________________________...

Reply by Alernate:

Let's stay on the ship. At least we know it is safe and those speed boats..we don't know where they are going or if they are going to crash and make it to land safely. On the ship we have the goods and we know we are going to arrive safely!!
Long on SGR..maybe have to be a little longer but I doubt it.
A
____________________________________...

Reply by Marketminer:

The ship analogy and captain staying the coarse is most appropriate.... the coarse being set will take all soles on board to the destination..... provided there are no icebergs along the way... the good captain recognizes an iceberg and alters coarse to avoid disaster..

SGR is a case in point... the bullheaded stay the coarse, the warrant overhang is the issue, now its the warrant exercise is killing us, they are selling there shares...

Fact is there is a confidence issue here... one of exploration and one of production.

Clearly focusing on production as the main goal has clear targets which have pitfalls .. In my opinion the SGR story should have remained as exploration focused over the past year. The exploration has been the focus of increasing resources, but the story has been production.

The fact is, the exploration has been very successful but the information confirming this success has been poorly communicated and backed up.... The info on the website specific to the drilling is no existent in comparison to many very Jr. companies.

Fix the image and information and the stock price will be fixed...Hiring more IR. without giving them the back up tools will be short term hoopla pump and only provide a few more soles to take a lifeboat.

Production should have been the secondary focus with investors informed that it is a huge undertaking to build a new mine, develop and rebuild SA infrastructure and to train the employees.
Had they done this without self imposed deadlines, there would be no targets missed.

They put the emphasis on the wrong chapter....

The story is still there, but it is confused at this time...

I say they alter coarse before we hit a bigger iceberg... we have already bounced off a few... damage control, but still afloat..... react or sink!

JMHO

____________________________________...

Reply by FirstClass:

We need a motor, not oars on the ship.

But after saying that, I'll keep buying on the dips.

BIG PICTURE STILL REMAINS TRUE
____________________________________...

Reply by baba2:

Thanks MM...

In the words of Admiral David Farragut..."Damn the torpedoes, Full steam ahead"......
____________________________________...

Post by Marketminer:

For the time I was at the booth the overriding questions seemed to be coming from SGR investors.... clearly coming over to ask the captain when he was going to react to all the iceflow... There is no question that most of us have embraced the SGR story and are confident that we have something significant....Hence the frustration on the unwillingness to present and promote the SGR story.

What I was seeing is the fight or flight mechanism... also here on the board.... Only reason to have that emotion is that one believes the right decision is to stay the coarse and hold in the face of adversity.... and not sell their shares and move on....
____________________________________...

Post by sgrady: Long on SGR (and still sailing)

Still sailing....and having some fun!

Before I signed up for this cruise, I needed to do some checking around....I wasn't going to just jump on just any boat, without knowing a few things:
-how is the ship itself (how was it structurally)?,
-who owned it before and how much work was done to it?,
-do the Captain and his crew have any experience on the wild seas?, since not all cruises have clear sailing.
As it turned out, during my information search, which wasn't as readily available as I'd liked, I managed to discover a few things, which helped me make my decision on which cruise line I was to board:
-the vessel, the Good Ship San Gold, was in pretty good shape, ....a lot of money and lot of work was done, particularly to it's interior structure, the keel and the hull. So much so, that most ship brokers and enthusiasts think that the new owners got a real bargain, and that the best years of sailing are ahead of it, with a little more work.
-perhaps most important, to me, was the Captain and crew. It's became clear to me that the existing crew had first hand knowledge of this ship, and were veteran seamen, and worked many a long hour during the construction....so who best to sail the ship, I thought. They knew all the investment the previous owners had into the ship, and knew this ship could sail.
So I met with the pursor, and bought my tickets. I purchased a special tickets that lets me sail as long as I want....I can buy additional coupons to upgrade the experience, or I can sell all or part of my tickets, if I don't like the path the ship takes. I, and only I have those options.
Terms and conditions printed on the back of the ticket state, which I found interesting, which apparently not everybody is aware:
I could disembark anytime, for any reason. If I don't the like to slow moving tides, or lack of wind in the sails...I can leave at any port along the way. Or I can sit back on the deck chairs, and enjoy the ride, rough or not, knowing that at some point, we will hit paradise.
The price of the ticket allows me to ask questions to the Captain and his crew at anytime, as to where we are, and where we are going. (Some people seem to think the Captain and his shipmates get lost by times, and need or want to verbally take umbrage.) But, as an "Old Salt", I've been further up the mast, then they have been away from home, so, I'm quite satisfied to see what the tides, and the winds will bring, especially when the Captain and his crew are just starting to get their sea-legs.
Finally, I looked at some other larger cruise lines, like the U.S.S. Newmont and the HMS Barrick, and frankly, they too big, are too dependant on the tides, and will offer some sense of safety, but they just travel too slow for me and to countries that are not so friendly...I like the idea that when the Good Ship San Gold finally catches the wind, is heading with the tides, and the Captain and crew really get in sailing form, we'll have the ride of our life....and I want to be on board when this happens, even if it takes me through some rough water along the way, or it takes longer than I'd planned. I want a cruise, not a joy ride.
There are many bigger cruise lines out there. It may be that they are watching the Good Ship San Gold, because they are getting to know how good a ship it is. Don't be surprised and it may happen that someday the likes of B.S.S. Goldcorp tries to make them part of its fleet!
AHOY Matie!
____________________________________...

Reply by Alernate:

Excellent analogy sgrady. Wish I could story tell like that!! I'll stay on board with you and enjoy the ride.
____________________________________...

Post by BBClobber:

I'd be a little more concerned about the 4 and 5 digit trades which continue to downtick the SP.

Good thing you pumpers are bouying this blue chipper up.

So how'd the mutiny turn out, lads? Did you keelhaul the Cap'n and mates? Feed 'em to the sharks?

LOL

____________________________________...

Posted by Marketminer: Are we…

the band playing defiantly in the night as our ship slowly sinks into the Pacific....The management have lifeboats.... information which instills their confidence and defiance... while we the lowly shareholders contemplate mutiny
____________________________________...

Reply by rufdiamond:

Expect a message from the bridge (Captain) something along these lines, "Don't panic, we aren't going down! My deepest sympathy is extended to those who have abandoned ship. Put your deck chairs aside, there is no need for 'mutiny!' Officers, man your positions. Full speed ahead, we've got big fish to fry!" (and a few more 'second' and 'steerage' class shareholders!)

My interpretation: False alarm!! Danger has passed, hang on!! We will 'soon' all be upgraded to 'first' class!!
____________________________________...

Reply by slugbait20:

it's apparent we're in very dangerous waters but at this point i'd rather see a pirate ship than a hurricane