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SGX Resources Inc V.SXR

"SGX Resources Inc is a Canadian company which is engaged in acquiring, exploring, and developing mineral properties in the Timmins region of Ontario, Canada. The company holds an interest in Timmins South properties, Timmins North properties, and other properties."


TSXV:SXR - Post by User

Comment by TedOwenson Sep 06, 2014 11:50pm
151 Views
Post# 22913332

RE:RE:RE:RE:SGX now needs to stand on its own two feet

RE:RE:RE:RE:SGX now needs to stand on its own two feetSGX went hog wild with property option acquisitions which were initially funded by San Gold's deep pockets. Now that San Gold has been relegated to "non investment grade status" by the markets on its newly interpreted intrinsic merit's things are going to be very different for this company from this point onwards. Many if not the majority of property holdings in the current portfolio, the average of them being obtained from associated Timmins local speculators,will most likely need to be relinquished in parallel to a restructuring or roll back......The moral here is that the ridiculous levels of risk capital which were available in the past to companies are now a historical lesson on waste and competency in the junior market place so investors better get ready to learn some more.
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