TSX:SGR.UN - Post by User
Comment by
TedOwenson Dec 04, 2013 3:29pm
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Post# 21970375
RE:RE:Prune,you know as well as I do...
RE:RE:Prune,you know as well as I do...While the entire sector may be depressed due to the price of gold, those junior producers who as well sit in depressed circumstances administratively and operationally, makes them look worse that much further. SGR will survive but they will be at the bottom rung of an entire sector in which only the top percentile will achieve positive cash flow. This places the bottom rung participants in very unstable categories which would be unsuitable for retail investors for at least the coming 12 to 24 months. St. Andrew Gold Fields and Brigus Gold are about the top picks for those retail level investors looking for short to medium term returns.