TSX:SGR.UN - Post by User
Comment by
GoldSilverbug77on Mar 28, 2014 12:02pm
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Post# 22381963
RE:RE:RE:What's everyone's thinking of support level ?(new low)
RE:RE:RE:What's everyone's thinking of support level ?(new low)Need lot of heart to be in this stock. ONe would do well if they only have the amout that they can afford to loose in stocks such as San. The more Gold stays below 1500 levels, more these companies will bleed.
When i first bought SAN i said ok, this company needs to go to mkt to generate cash by liquidating me and taking more debts to survive and they may dilute upto 700M ( at that time it had 450M fullydiluted assuming the 50M gets fully converted to shares) before gold goes above 1500.
But this company has exeeded beyond my expectation in diluting more than 700M in such as short period of time and gold is still at 1300. Those interested in Gold are mostly averse of govt printing money but these companies can beat any govts hands down any day.
There are so many good management companies cheap.. Why to invest or speculate more in these when we have opportunity to easily get x3 to x10 in those companies that are not cash hungry and tight holdings.
Disclosure : Hold a small qty as left overs after selling at 0.20.