TSX:SGR.UN - Post by User
Comment by
TedOwenson May 26, 2014 11:49am
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Post# 22598166
RE:Reverse Split?
RE:Reverse Split?The fundamentals on this play are negative to very negative over the coming 24 to 36 months...........Single digits share prices are approaching and the best case scenario would be a take-over as this company just does not have the capital reserves in place in order to operate the mine at a profit in the current gold price............Gold is going sideways to negative over the coming 12-24 months which will all but mandate that SGR dip deeper into in loans kitty which also means that they will be precariously close to insolvency levels if further financing cannot be obtained to ride things out further..........