TSX:SGR.UN - Post by User
Comment by
TedOwenson Jun 13, 2014 4:10pm
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Post# 22659149
RE:RE:Precarious SGR share price conditions manifesting
RE:RE:Precarious SGR share price conditions manifestingWith the state of the markets as they are towards financing opportunities for small juniors without significant developmental resources in place it would safe to say that SXR will be in a flat to possibly slight positive position as best........... SXR was gleaned as a developmental product for San Gold exploratory purposes while San Golf focuses on mining and development of any new prospects and given that the big brother is now being challenged to turn around its own state of affairs, SXR will now have to stand on its own legs from this point onwards for at least the coming year or two and will be forced to not rely on the previous strength of big brother as it now ventures out and tries to convince the markets that its own state of affairs is worthy of financial risk capital.........SXR has some interesting projects but the capital that it will need to bring them to fruition is well above what they will most likely be trusted with now that they wont have big brother to back them up anywhere near as strong as it would have been before hand.........SXR may rebound slightly once it gets some more development work performed but money is not nowhere near availabilities towards what it was before and as such, SXR may be in line for project trimmings..........