TSX:SGR.UN - Post by User
Comment by
hydra100on Dec 23, 2010 5:31am
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Post# 17886991
RE: RE: DUNDEE COMMENTS ABOUT CEO
RE: RE: DUNDEE COMMENTS ABOUT CEOSome of your facts are correct but some not so much.
As CEO of BWR he watched the price of zinc and lead go down as all commodities did in the downturn. As you know these metals are the first to get hit in a down and the last to recover in an up. During an upturn in prices many mines reopen and BWR had to go into survival mode when prices went down and stayed there especially with all the new mines that had reopened.
They survived - that is all you have to know mainly thanks to good mgnt. Isn't that what you would want as a shareholder? They did not go under nor go into bankrupty thanks to mgnt.
Bwr is a trading stock just as coal stocks are. Buy coal stocks in the summer but never in the winter, this being thermal coal. Same as zinc and lead - buy when economy is doing poorly and sell later.
New CEO did great for BWR shareholders as they retained some money. This guy is a money man and has lots of experience in doing so. He found investors at ten cents when other companies were going bankrupt. Pulled off something I didnot see possible. Made everyone happy and now moved on. Lucky to have him,period.
I still say the run up from 3.3 to 4 was not do to him - but the news of Dale going.