Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

Free
Message: NBF Daily Bulletin...

NBF Daily Bulletin...

posted on Sep 05, 2008 03:41AM

Just posted on website here...

http://www.sagegoldinc.com/site/imag...

See page 2 and page 10 "Company of the Week". Some nice NEW pictures of channel sample etc.

re: Jacobus East Property... "Prospecting work by Sage last fall discovered a new occurrence known as the Nugget gold showing."..."The company believes that the Nugget showing bears a similar resemblance to the Golden Mile vein on the adjoining Kodiak property." I have been following SGX VERY closely and this is the first I have heard of the name 'Nugget gold showing'... nice to know LOL.

re: cash... "According to Sage management, the current cash position stands at about $1.0 million."... ouch. Hope they have a plan to address this... hate to say it but the way SGX has been trading reminds me of imminent PP. We'll see I guess. Personally would rather see SGX JV other properties in exchange for cash and/or shares rather than issue additional shares at these prices... but heck what do I know LOL.

NBF publicity should provide some good exposure.

red911

Share
New Message
Please login to post a reply