TSX:SGR.UN - Post by User
Post by
TedOwenson Jun 19, 2013 11:39pm
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Post# 21546259
SGR closing in on single digits
SGR closing in on single digits SGR's slide back towards towards single digit share prices is reinforcing previous opinions by many analysts that the company may not be able to avoid dipping heavyly into its convertable debenture kitty in order to keep operating should gold prices keep dropping in parallel. Being that cash flow, in combination with predicted declining gold prices, are both integrated with SGR's operational challenges makes the survival quota for this outfit questionable by years end. Contrarians will be rejoicing at this point in time but the debenture holders are in the drivers seat and will dictate where this all goes. Could it be that .03 is where its at.