I'm not here to advise any one for or against buying Sage or any other company, but I think it's important to differentiate between what is standard operating procedure for explorers versus pump and dumps.

I think everyone here is a bit more seasoned that even a year ago as investors ( I would hope). What Sage has gone through with the SP, the highs, the lows, is completely predictable. Just not to us, apparently. With all the rhetoric of the gold bugs and their predictions, we longs didn't want to part with our shares and fell victim to those four most dangerous words in the English language "This time is different". Speaking for myself, I had no idea if the majors would advance sooner than usual, but as we all know now, they don't rush into anything.

There definitely is a time lag between the excitement of a discovery and then the eventual sell-off as the speculators exit, as illustrated in the previous post. Like a lot of others, we had no idea the mother of all melt downs was coming, and it took all the stocks down, some beyond the point of no return. We also were considered an "area play" though diligent work had been undertaken at Lynx, etc in the past, our neighbours Kodiak definitely grabbed more of the limelight for themselves. Thus we may have sold off even more severely as our discoveries were overshadowed by KXL's. Speculators don't always bother to get the whole story, DD, etc. They buy in for a quick buck and cut loose at the first sign of trouble.

Back to the previous chart again, a bona fide explorer with a viable deposit WILL advance to the next stage after the first sell-off, while a pump and dump will not. They are only interested in fleecing investors in the initial excitement; they never have any intentions of actually going to production, only on to the next batch of suckers with another play.

At any rate, with Kinross in by the back door now, and KXL being listed by NBF as a takeover target, and Sage really putting their nose to the grindstone with technical reports,drilling, etc, I think our dry spell may soon be over. I'm not saying this stock is going to the moon, but enough time has elapsed and enough work has been done that if the stock is going to begin to find it's legs, there should be no excuses. It's make or break time, and I'll leave that up to the individual investor to decide for himself whether he wants in or not.

GLTAL