TSX:SGR.UN - Post by User
Post by
marketmineron Oct 24, 2006 12:54pm
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Post# 11548304
I screwed up big time....
I screwed up big time....Had over a million shares of LBE and sold them to take a one for 3 on SGR.... Looks like I made a big misstake when I changed horses... Timing is everything and I blew it!
That being siad I still think SGR is a much better horse to be on.... infrastructure and development is there... market perception ( Share price) is hard to predict.... value is in the balanced between buyer and seller at the instantanous share price, and is always a refelection of the level of confidence the market has on the play.
I still think SGR's real worry is being taken out prematurely and a low shareprice almost guarantees that if there is confidence the resources are there.
My thinking is that a mid tier like AEM could come in and make an all cash offer while we trade in the basement... they have the cash to do it sitting in the bank.
Based on recent trading I think $2.00 would take it away!
That would be about $250 million when you consider SGR's cash in the bank and gold in the tank.
JMHO