TSX:SGR.UN - Post by User
Comment by
mvma1on Aug 13, 2012 11:17pm
216 Views
Post# 20213528
RE: earnings are out
RE: earnings are out the future forward statements for increased gold production in Q3-Q4 seem plausible, due to unprocessed ore in arrears, as well as tpd increases projected...don't understand the loss of 7.8 million,including recognition of 3.5 million loss related to their investment in SGX...is this investment in SGX accretive to forward earnings or is this a dead cat investment ?? like the fact that the July production of gold of 11,366 ounces X 12 months = 136392 ounces/year...that's be nice in an imaginary world..so SGR's projection of 100,000 oz./year is conservative with further potential upside...the Q3/Q4 should be better than Q2...GLTA...