Spyglass Resources Corp SGLRF

RE: RE: RE: RE: UPDATED FINAL DRAFT

[skygarden]

My opinion is that if a company is strong their financials will speak for themselves.  If they are not no amount of posts or articles will help them.  I think that several individuals became a little too enthusiastic about the merger and overshot on their predictions.  The next few quarters will clarify the outlook of SGL--If they show decent progress (debt reduction, dividend sustainability, growth etc.) then the company could look at rewarding their shareholders through share buybacks, increased dividends or even a special dividend.

 A good quarter or two will also restore some of the confidence in management which was tarnished in part by their dividend reduction (it would have been far better to have stated a lower dividend of 0.015 or so and increase it or sustain it than state a dividend of 0.03 and then reduce it--investors are usually very quick to punish companies for any dividend reduction even though it does help the company out financially).  With some positive quarters behind SGL then those individuals who have a negative outlook  may also come around and see something positive in the company.

I just had a comment about some of the posters stating this analyst or that analyst says this or that about SGL--I remember very recently almost every analyst I checked recommended Sino-Forest as a buy/hold and it obviously did not turn out very well (If not familiar with Sino-Forest you could google it for more information).  Always treat any analyst's recommendation with great caution as most of them tend to be a little on the upside in their predictions.