TSX:SGR.UN - Post by User
Comment by
TedOwenson Nov 13, 2013 4:20pm
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RE:ALL GOLD JUNIORS & SENIORS ARE HURTING ! NOT JUST SAN GOLD !
RE:ALL GOLD JUNIORS & SENIORS ARE HURTING ! NOT JUST SAN GOLD !
To set matters straight.....
Aside from San Gold, the vast majority of intermediate category gold producers have either met or exceeded expectations.........
While San Gold did meet guidance, its guidance figures are below industry average, and this is the reason why the stock got pummeled over the past year. Furthermore, when taking into account the possible production forecast increase capacities which could be reaistically returned over the coming 12 to 24 months to bring current non bankable resources into money position category, will still be at depressed levels when gauged against other competing entities.
The markets have priced San Gold accordingly and unless you are willing to be in the long term investment position, this stock is not advisable for faint of hear positions.
Brigus Gold and St. Andrew Goldfields are the better choices at this point in time..............
Good Luck