Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

Free
Message: Sage-2009 New Discoveries in BGG

Sage's president and chief executive officer, Nigel Lees, commented, "With the addition of these results, we have enhanced our comprehensive exploration portfolio and are seeking joint venture partners to accelerate the development of Sage's properties in the BGG."...

They have now demonstrated 9 more (in addition to GE, PL, SP and Onaman) of their properties have exploration potential. Problem is SGX has no cash and has 300 million shares out fully-diluted. Great to hear they are looking for other people's money to further exploration. Do you think they would have included that little tidbit if they didn't have a suitor pretty well lined up? Was this massive surface sampling program a pre-requisite for that suitor? Or, is this a plead in desperation? Would a JV with Kinross combined with ambitious exploration plan for many if not all SGX BG properties help share price? Will PL and SP results be released before Agoracom presentation on Thursday? No idea re: answers to any of these questions.

red911

Share
New Message
Please login to post a reply