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Sage Gold Inc SGGDF

Sage Gold Inc engages in the exploration and development of mineral resource properties. It explores for gold, poly-metallic, nickel, and copper. Its primary properties include the Onaman property comprising the Lynx project and the Headway project in the Beardmore/Geraldton Gold Camp; and the Clavos gold project in Timmins.


GREY:SGGDF - Post by User

Bullboard Posts
Comment by Tibberon Mar 06, 2010 12:02pm
380 Views
Post# 16851401

RE: Here's the POSTIVE side of CONSOLIDATION

RE: Here's the POSTIVE side of CONSOLIDATIONCharlie ,,, they may have 26 million shares out post consolidation, actually 30 million if you include warrants and options but they will be priced out of the market and likely expire.

Then,,, since they have no cash, they need to raise more money.

then they need to pull (at least 9 million) out of a hat to put Borealis into production.  they way they spend money it will be 12 million.

Then since all their options are way out of price range, they will issue more at the lowest possible price  ... they may even do this shortly after the AGM when the consolidation is approved.

Before you know it Sage will be a 100+ million share company again.... within a year IMO, unless a large portion of the 9 million is debt financing, but then again, what bank in their right mind would give Nigel a penny

That said, if you time it right you could make a few bucks on a swing, who knows.
Bullboard Posts