Quarter 3 Finacial will have same effect bad or goodIf we can take anythings from the past years history of scorpio gold corps financials effect on the stock price I think we know what will happen when its released. If it misses the 2 cents per share that 1 analyst has estimated there will be a SELL OFF and SP will drop maybe a little bounce at 10 cents. If the earnings come in as expected or beat estimates large share holders will take the opportunity to dump all the shares they can on high volume before scorpio bends all its its shareholders over one more time and shoves a piece of pyrite...
The SP outcome will be the same either way although a beat will make the stock trade @ what ?? 2X earnings look so attractive to me that I will have to Double Down and wait for the US to start a war and force the price of gold higher. Historically if your waiting on the USA to start a war, the odds are pretty good but BUSH would be better for that job. I would preffer the price of gold to move organicly with the true value guaged through supply/demand/physical gold and not paper etfs but that will take years.
What I'm saying is the only thing thats going to turn this peice of panda poo into a eucaliptus tree is the price of gold moving out of the last years range and up into the 1500+
I wrote a letter to the investor relations department of scorpio gold and recieved a very quick a well written response(within 24) answering all of my questions, not all what i wanted to herar but i was impressed.
The ONE and only answer to a simple question I did not like.
Does Scorpio Gold Corp have any plans to boost the share price or reward its investors?Timeline? Answer: Scorpio cannot control the share price. Scorpio can only control its operations, which as outlined above continue to improve. The Company's share price is affected by several things. One, the operations of the business. Two, the price of gold. Three, investors buying/selling shares. The Company has the first one under control. The Company cannot control the price of gold. And the Company cannot control which of its shareholders has a redemption, which triggers the shareholder to have to sell assets to cover the redemption.
Well there we have it, right from the cow's mouth. I interpret that as, Sorry about your luck, we will not buy back shares, we will not pay a dividend, we will not lobby our large shareholders or find new investors to buy common stock. We really dont give a poo about our shareholders.
Oh and if you look at the SEDI website you can see how many share Peter dumbass owns personly and for his clients. I think he has about 20,000 shares and maybe 800,000 for his clients.
When's the last time an insider bought shares of scorpio gold??????? NEVER would you buy a tin boat in the ocean full of holes and sharks circling you for dinner?
There im done venting and I maintain my view that if I ever ran into Peter Brieger, I would kick him in the nuts.