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SGX Resources Inc V.SXR

"SGX Resources Inc is a Canadian company which is engaged in acquiring, exploring, and developing mineral properties in the Timmins region of Ontario, Canada. The company holds an interest in Timmins South properties, Timmins North properties, and other properties."


TSXV:SXR - Post by User

Bullboard Posts
Comment by TedOwenson Mar 19, 2013 12:54pm
193 Views
Post# 21150676

RE: amazing results....no one cares

RE: amazing results....no one cares

The markets are not reacting due to the reported drill intercepts containing narrower high grade spot intervals being averaged into the overall section grade. In retrospect, the higher grade zones are being diluted across broader intervals which in this case would be considerably lower. The end result of all this being less glamorous to the market. The reported intervals are still very encouraging when taking into account the overall average project returns over time but in the present market, it just wont be enough to take the spot light up enough notches to affect the share price appreciably. In fact, the maintenance of the share price over the past few days at 12 cents, when others are still on the way down, was in essence only maintained by the results which were pending release publicly. This could spell a bottom to the price decline on the bright side.

Bullboard Posts