Seeing the whole picture...GoldmemberI can see the whole picture with regards to resource exploration, development and eventually production companies. The fact that SGQ has both discovery possibilities and production about to start is what has made it attractive to me...It needs both to come on now to fight the recessionary fears that seem to be making people nervous about resource stocks...to say nothing about those located in Mongolia. Additionally, cash flow will reduce the need for additional capital, read "dilution".
A company with similar characteristics to those of SGQin the molybdenum / copper space is Arizona located Mercator (ML.to)..Company has current production which finances construction of new production, additional resource development potential, relatively low share count, significant new production of especially Molybdenum coming on line, production expansion already financed. Share price isn't doing much better than SGQ's currently....part of the resource stock aversion mind set... of at least those companies not quite showing EARNINGs Growth...both companies time will come, we'll suppose..
The pricing SGQ achieves is going to be important.
As to junior golds - you're right - the thing they seem best at doing is issuing more stock and being taken advantage of by the Canadian banks and brokers in the process.
Rubicon is the only pure exploration play I own.
Note on volume today - most of it came early in the day at unchanged.....the dump of around 5000 shares I'll presume for the time being was as Herb described - a distressed sale.
Here's hoping for a turn around of the recent trend...