TSX:SGR.UN - Post by User
Comment by
hydra100on Nov 13, 2010 6:00pm
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Post# 17703080
RE: RE: Q3 results
RE: RE: Q3 resultsOn Nov 4 good old Dale stated in a press release,
San Gold Increases Third Quarter Gold Production by 37%
Well now we know how by refining gold at a loss. He took it from the Rice Lake mine with a cost of 1510 and sold it at a loss of 174/ounce. He did this and then issued the release on the 4th to make himself look good.
Now I ask you is this legal? Dale took your gold, as shareholders, and sold it at a loss. Is this legal?
How long can you last selling at a loss? Why would you sell at a loss except to make yourself look good by saying you have a 37% increase and try very hard to hide that you are selling at a loss.
Cannot be legal, just cannot be. If it is or not Dale and cronies have to go, hopefully to jail.