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Scorpio Gold Corp V.SGN

Alternate Symbol(s):  SRCRF

Scorpio Gold Corporation is a Canada-based company, which holds 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, United States. The Company's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with an approximately 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300-acre Manhattan Project, which is centered on two past-producing pits. The Goldwedge property is located approximately 54 kilometers north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada. The 726-hectare (1,795 acre) property covers three separate claim blocks and encompasses the Goldwedge, Keystone and Jumbo gold deposits. It also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. The Mineral Ridge property comprises approximately 5,617-hectare (13,879 acre). The Company has acquired the Northstar property.


TSXV:SGN - Post by User

Bullboard Posts
Comment by microbullon Aug 07, 2013 12:29pm
279 Views
Post# 21654347

RE:Further Note to Microbull, Price Diving below 20 cents.

RE:Further Note to Microbull, Price Diving below 20 cents.I'm going to end this little back and forth right here, because now you're just reinforcing my previous statement. The price of gold took a hit again and recently, which, in turn will drive down the price of 99% of all gold related stocks (setting aside 1% for a company that may have published phenomenal news and could still be up on a down day). A similar occurance to when SGN saw its all time low a few months ago, when gold had a massive correction and touched down toward $1200. The share price is the share price, its not just here, its everywhere in the sector. Look at Atna, who is in real trouble, or Great Basin, who BK'd from a Billion dollar company. Heck, Eike Batista, has lost $34 billion in net wealth with the crash in the space. By the way, share price has noting to do with profitability, which is why I previously referenced EPS. Now am I bummed that my initial entry price was $1.04, yes, but it was my own fault. I watch the company double from $0.55 in less than 18 months, you chase the dragon, you end up a heroin addic, broke living in the gutter.. and by that I mean you buy at the top of the market and you're position is going to get smashed when the shares consolidate, look at what has happened to Apple in the past couple of years. Anyone heavily invested in the space is licking their wounds right now. I'm of the opinion that there isn't a lot of downside left, and a Company like Scorpio is profitable, and not in the same camp as a lot of the explorers who can't get the development capital they need to fund a drill program, that if successful would keep the Company alive. My issue with uChuck is that you're still crying over milk that spilled months ago... It has dried up on the sidewalk, so go to the store and buy a new carton and quit griping about the same thing over and over again. If you're not part of the solution, you're part of the problem.
Bullboard Posts