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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 Apr 15, 2010 2:52pm
251 Views
Post# 16996491

RE: RE: RE: RE: RE: RE: I'm buying this stock

RE: RE: RE: RE: RE: RE: I'm buying this stockThe math is simple Caldernet.  I think everyone gets it.

The problem I see is that for the past year and a half Sage has been very liquid and as such has been used and abused by traders.  My guess is thanks to the Alpha system which does not integrate it's data with the TSX, the big banks and other members are allowed to trade on either system creating arbitrage opportunities.  This has gone on for a long time ... that's a theory ...

After consolidation, with a much smaller float, SGX will be much less attractive to such shenanigans, which on the surface is a very good thing.  However, what it does mean is that the sp can only be propped up on the merits of the company itself.

IMO there are too many unanswered question to be buying now.  What if They decide after their DD not to proceed with the JV on borealis.  Even if they do they won't be able to finance it until after a feasibility study is completed ... which will take 6 to 9 months.  In the short term all there is to look forward to is exploration programs on the Clavos and BG properties preceded by a PP ... IMO sometime before the summer exploration program is finished, the SP will be lower (on a relative basis) than it is today. 

Just my opinion, everyone has one

Bullboard Posts