TSX:SGR.UN - Post by User
Post by
cantleon Apr 12, 2007 4:43pm
217 Views
Post# 12596679
Preception is Reality
Preception is RealitySGR, despite its great potential, has lost almost 50% of its share value since last year. That is a terrible performance for any stock.
SGR is nolonger a company run by a single owner and a few others. This is now a publically traded company with many investors. The principals running this company are paid by the investors and as such need to have increased share value as part of their job description. Investors (owners) also have the right to be informed as to what is going on with their investment. They should not be treated as necessary evils to expand the mine, but partners in the business. Companies that were run by single owners often struggle with this principle when they go public to expand their business. They cannot have it both ways, the money and complete control.
The management of SGR are genial, hard-working, competent, mining people, and I think SGR has great potential. But I only invest in a company to make money. The management could be the worst SOBs in the industry, but if the share value was $5.00 I would be much happier than I am now.
They do not necessarily need a PR department, they are too small for that. But, they could look for some advice on a fee basis, or bring in a director with some experience in mining promotion.
If they do not stabilize this share value and put a plan in place to have it increase, the least of their problems is going to be much rock to crush.