TSX:SGR.UN - Post by User
Comment by
hydra100on Nov 06, 2010 2:50pm
359 Views
Post# 17668952
RE: RE: RE: some interesting history
RE: RE: RE: some interesting historyHow many time has this company issued a pr saying they have the good stuff? This is a company that is in production. Where do you think the 12000 ounces from last qtr came from? They have everything in place which you indicate they do not.
Over 300 employees and you would have us bleieve SGR does not have "Power, ventilation and draining systems have to be installed before the ore can be mined". What part of 12000 ounces do you not understand?
They are mining gold and refining it to a tune of 12000 ounces last qtr. They are using low grade tailings and saving the good stuff for something else. This is causing the share price to go down and you are losing money.
They have drilled the holes and collected the samples and they certainly could not do so without, well never mind.
Go to thier website and look at thier pictures and see what they have got.
Look at the joint press release of sgr and sgx dated Sept 7/10. They tell you, yes tell you that the exploration program is a "related party transaction" and
"are both relying on an exemption from the minority approval and formal valuation requirments of MI 61-101 due to........"
It goes on but means they are relying on not having to get shareholder approval.
Gotta love that Dale.
Changed last placement pretty qucik when he discoved 120ml had to be approved by shareholders and not 80ml.
Drill baby drill.
got