Solstice Gold Corp V.SGC.W

RE:Expert - Peter Grandich DUMPING Sunridge Gold Stock?

[GaiusOctavius]

GaiusOctavius wrote:

cashtango00 wrote: I would like one person from SGC to tell me why Grandich has been compensated 300 000 options @ .26     300 000 @.22   200 000 @  .55  and  37000@ .55 ?   ( yet to receive a response from anyone at the company)  He is a letter writer and a well known pump artist.  Keep in mind people that this is indirectly coming out of your pocket because if there is a takeover, those will be exercised.  If the acquiring company is willing to pay say 100m for the company,  your shares are diluted by the options, so you receive less.

For the life of me,  I cannot figure out why this guy as been hired.  It adds fuel to my belief we are not close to seeing a deal and that they brought him in to pump the stock periodically to support it.

I got involved here because I really like the project.  I am not a fan of how they run the stock like a Vancouver promo deal.

I think Grandich was needed to create interest in Sunridge Gold. The SGC CEO gave a good presentation on March 1 but Grandich helps promote the company by writing articles about SGC. I did notice that Mr. Grandich seems to be backing away some from this big buyout offer that he believes is coming. Maybe he is getting worried about metal prices like most other investors. Grandich claims that he owns millions of shares of SGC stock. I think he needs to back away from SGC until metal prices recover. This could get really ugly if gold and copper prices continue to drop. Copper is now under $3 per pound and Gold is now way under $1400 per ounce. The economic viability of the SGC Asmara project has now become questionable. This could be a very serious issue for the company. Management must figure out a way to slow down their cash burn rate and wait this out a few years until metal prices begin to pick up again. The scary thing about this is metal prices could be even lower in a few years. I don't think anyone really knows. With all of the new technology available in the mining industry. Their could be a glut of copper and gold hitting the market for years to come. Plus new wireless technology is destroying the copper market. I recently read an article about major companies doing away with traditional copper wiring in favor of wireless technology in the United States. This was NOT good news because the U.S. is one of the largest copper consumers on the planet.