TSX:SGR.UN - Post by User
Post by
TedOwenson Mar 30, 2013 7:23pm
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Post# 21188063
CEO change temporarily reverses stock price tailsp
CEO change temporarily reverses stock price tailsp Mr. Pirie's departure from the position of CEO has apparently averted further declines in the stock price of San Gold. Management changes were heard on the street as being imminant as the institutional powers to be were under significant pressure to return a show of force in order to demonstrate that someones head needed to role. Mr. Pirie was ultimately the one who would be walked to the galos and indeed this did happen as was being rumored on the street. The question is, being that the problems with this firm run systemically throughout the management and production infrastructure, how long will the repreive last. Institutional investors run the show once companies reach production level operational thresholds and as such, it should not be surprising if more changes are in store within the coming months.