RE:RE:DALE GINN ! WATCH OUT WITH THIS ONE ! SAN GOLD AND LIES ! pigbruinmcveid wrote: FirstClass,
Interesting post.
But it misses another common point that SGR holds wtih BGM.
SGR's rise to fame in the market included a technical report prepared by someone all BGM fans must remember, Peter George.
My boiled down understanding of the SGR Peter George report is:
- report was never questioned by any of the SC
- a lot of the high grade depended on just four great holes
- mining in the high grade area turned out to be very disappointing
t....
It's not just the Peter George BGM report that SGR has in common with BGM.
Director Ian Gordon's Long Wave website is filled with his praise for the Peter George June 28, 2012, now-rubbished BGM report (is it still on the website in it's entirety?).
As the Long Wave website states, "Mr. George was also responsible for a San Gold NI 43-191 resource estimate, which was essentially accepted without material change by the BCSC...In other words, Mr. George fully understands the scrutiny that BCSC officials will give his NI 43-101 report detailing his huge gold resource estimation and enormous geological potential for the Barkerville property.
I remain comfortable that he is satisfied with his computations. "https://longwavegroup.com/market/companies_we_like/barkerville/2012/_pdf/120803_III_Barkerville.pdf
Also, from the long wave website, here's "From the low of $0.57 made in the last week of October 2008, it took just 8 weeks for San Gold’s share price to double. There is some resistance to the anticipated continued share price increase at around $1.70. Thereafter the double top at $2.25 should provide more formidable resistance. Through that price level San Gold’s share price could reach $3.80.
Those who cannot remember the past are condemned to repeat it. Santayana
https://www.longwavegroup.com/market/booklets/_pdf/090208_Gold_Silver_Charts.pdf
However, here's what are purported to be quotes by director Gordon on January 11, 2013
Auguries: Evil and Stupid
Kevin Michael Grace, Special to Financial Post
Friday, Jan. 11, 2013
In a February 6 Gold Report interview, Ian Gordon, founder and chairman of Longwave Group, has bad news and good news. The bad news is the imminent collapse of equities. The good news is that the prices of gold and silver will skyrocket, and miners will be along for the ride. Caveat lector: Gordon’s thinking is grounded in thinking of Nikolai Kondratiev, so readers with violent objections to this should skip this paragraph and the next.
Gold stocks perform well when the general stock market performs very badly—Ian Gordon
How high for gold? Gordon says, “There will be a time when you won’t be able to obtain gold at any price. It will simply be off the market.” Gold equities did very well during the Great Depression, and Gordon expects similar results in the near future because “Gold stocks perform well when the general stock market performs very badly.”
https://www.financialpost.com/m/wp/tag/blog.html?b=business.financialpost.com/2013/01/11/auguries-evil-and-stupid&pubdate=2015-02-26&t=torex-gold-resources-inc-