GREY:SGGDF - Post by User
Post by
LedtoBelieveon Dec 15, 2017 2:55pm
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Right You Are Body Builder Regarding Financing
Right You Are Body Builder Regarding Financing
Unfortunately, Sage is lumped in with small caps of the past with their older business models that could only generate money from issuing more stock and thus constantly diluting shares, and many investors had gotten burned in the end. You would be surprised to know the size of the market cap that is required to move into a mid tier from being a small cap player as a gold mining company. (It is in the hundreds of millions of dollars). Right now, it is in the hands of Sage Management to actually start to produce gold and generate some much needed money to move forward. I am hoping that the employees in the mine have some kind of a bonus system which rewards their effectiveness in these crucial times to extract the best possible ore. We can also hope for a few good drill holes in the short term to help propel the stock price forward. There is an exchange in the USA for small caps that Sage needs to get on, as well as in Frankfurt Germany for the European market to help promote the stock. Tax loss selling is almost over, a new year is almost before us. Perhaps Sage also needs to condense the number of shares to get the price to a dollar or $1.50 with a lot less shares out there.