GREY:SGGDF - Post by User
Post by
ss1867on Mar 14, 2013 9:35pm
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Post# 21132993
RECONSIDERING
RECONSIDERING It seems to me that management knows they would loose all credibility with another reverse split so quick on the heels of the last reverse split, considering this I now believe it is highly unlikely we will see another consolidation here. Especially now that Sage has an almost up and running producing mine that just might suprise. Being able to get their financial house in order is key here and it looks like just maybe these guys have a few tricks left up their sleeves. TSO is not so bad here as they position themselves to finally generate some money and with the debt extension announced today it looks like they have some believers in the story. High volumes the last few sessions points to some action behind the scenes...it might all be smoke and mirrors but who really knows except for the deep insiders. My guess is they liquidatet the Beardmore interests and focus on the producing asset....this would certainly top up the books. Maybe this could be the reason they got the debt extension...people in the know see that the money will be coming in. Purely speculative on my behalf but good for a sizeable purchase today at 3 cents. If I`m right on my bet SGX looks like an easy double from here maybe a lot quicker than anyone thinks. Maybe all my bashing last week put a fire under these guys behinds and got them moving....but probably not....this forum does provide a very good venue to vent your frustrations and you can be guarenteed the boys at the helm read the posts here to guage share holder sentiment. Perhaps I was to harsh on the lads...after all it is an absolute brutal market out there for the cash starved juniors....looks like just maybe Sage will pull a rabbet out of their hat. SS