TSX:SGR.UN - Post by User
Post by
MontyHighon Dec 03, 2008 8:42am
302 Views
Post# 15624450
Newbie Questions
Newbie Questions
Hi, I'm new to this board.
Been hearing about San Gold for a while, but every time I do my due-diligence I find:
(a) Great rocks - really superior ore grade.
(b) Crummy Balance Sheet - no cash.
(c) Disappointing Results - losing money fast on existing production.
(d) Momo Sentiment - based on the number of posts happening on this message board.
And yet... the chart looks better technically than just about all the other gold mining stocks.
So, what gives? Is it a case where the rocks are so good past results don't matter?
When should San Gold go operating cash flow positive?
I'm not a basher, but I'm trying to decide whether to shift some money in here. I'm a value guy, so I want to know when they start making serious money.
MontyHigh