TSX:SGR.UN - Post by User
Post by
marketmineron Jun 26, 2007 10:10am
![](https://assets.stockhouse.com/kentico-cms/0345-00/images/Sprite.svg#id_Post_Views_Icon)
303 Views
Post# 12998666
Is he the Manipulator.
Is he the Manipulator.Today in the news there are several projects anouncing their leap into production... LBE and MAI... both of these have in the space of time when SGR said it was commencing production, has permitted, raised money, formed alliances, stengthened the board of directors , built their infrastructure and commissioned their mills..... Their shareholders have been rewarded with continued apreciation in share price.
SGR shareholders on the other hand await a white Knight... have seen this oportunity of a lifetime squandered as an investment oportunity....Why? I think to maintain control of the project, to stave off the White Knight the investors would love to have save us...JMHO
Why else would understating drill results be accepted, many results go unreported, new areas being drilled not reported on, production not reported on, and basic meaningfull full disclosure of the exploration being kept secret. This is totally unacceptable for a reporting company. They have all the sophisticated computer modeling programs and could put information out any time they wish.
The revised resource calc for the SA is ongoing.... SGR knows with every hole how much the resource is increasing... they have one of the best data bases of any operating mine.
Howe is simply an auditor of the information he is given.... thats it!
Thus we arive at one conclusion.... survival of the managment control is of primary importance, not shareholder value...
The problem is that methology means higher dilution via undervalued placements, lack of oportunity for the investor to profit because of a declining share price, reduced funds available to the company to advance the projects.
It is that scenario that will spawn a takeover of the project as the tangible assets far outweigh the market cap. The event will happen when the White Knight has the confidence to proceed.
This will start with a site visit....
So who has been visiting SGR lately?
JMHO