TSX:SGR.UN - Post by User
Comment by
marketmineron Jun 23, 2007 11:00pm
318 Views
Post# 12989975
RE: Time to move on . . .
RE: Time to move on . . .The problems with SGR as an exploration investment should have been cleared up with the new website... IE some good old cross sections of which I'm sure the group of geological staff have many hundreds of drawings... computer renditions... If they were selling this story.... IE providing a small portion of the continuety of data the understanding of the average investor would have something to provide the visualization of the multiple high grade intersections and the proximity to the developed san Antonio.
On the prodution side... Managment has been reluctant to provide a meaningfull assessment of development progress and production results...How much ore from the SA various veins and SG1 long hole operation. Futher to this some indication of next quarter gold production..
On the future development side.... Dale has acknowledged that staffing , training and equipment were adding to the development and production shortcomings... so will taking on an additional task of a 3rd mine solve those problems....
Three fronts, any of which could instill confidence for the investor if more information, understanding and forcasts were met.
When I see such an "Event" undertaken I will have the confidence to buy in the open market.... untill then the cheapest re entry point was the Placement.
I feel that when such an event happens it may also trigger another "Event" that of a buyout... SGR has very undervalued assets....The perception problem has solutions, Perception is providing the oportunity .... chuming the water .... they have been circling and sniffing around...soon one of the sharks will take a bit....Will SGR go out on the first attack or will there be a feeding frenzy...
That is what makes the 4 month hold stock and warrants easy to hold.