TSX:SGR.UN - Post by User
Post by
mbgldon Dec 05, 2007 10:17am
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Post# 13917885
AGM
AGMAT the agm it was discussed that the market does not like sgr because so many other people have tried but have failed at Bisset. Hmmmmm
A producing mine, 1.6 million in 43-101 reserves and expanding, excellent discoveries of over 1 oz/ton.
LSG gets a mediocre discovery compared to sgr and they gap up this AM. Its not that the market doesn't like us, it seems that it down right hates us.
Dale's thinks that further exploration will move the sp more than production at this point as do other institutional investors(stated by Dale at AGM). The institutional investors actually would have preferred SGR stay an exploration play vs production for now. I have a sneaky feeling that Hugh put up a condition that in order to amalgamate gold city and san gold, production would have to be a priority. Leaving the AGM and talking with Hugh in the past I beleive that Hugh was legacy hunting and has found it in SGR. Hugh seems like a real nice guy, but if he is not in it for the money why isn't he spending more time with his grandchildren. The more I watch this unfold the more I think it is about how Hugh saved Bisset. The market as far as I know is not interested in grass roots success stories. Maybe that is the drag on this stock.
Cheers