TSX:SGR.UN - Post by User
Comment by
bitwiton Jan 15, 2015 8:24pm
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Post# 23325933
RE:San Gold resurrection stabalizing
RE:San Gold resurrection stabalizing TedOwens wrote:
San Gold stabilization and restructuring efforts are making headway according to insiders which should give current investors some breathing room in the short to medium term. Primary creditors are not being reported to be of hostile sentiment and as such, efforts being purported by Mr. Gibson on the intrinsic position of San Gold's capacity to remain solvent and recover appear to have merit.......Contrarian investors have an opportunity
Another good thing is that gold has gone from $1380 CAD to over $1500 CAD since SGR trading was halted. If the CAD keeps falling and POG keeps increasing in USD it's actually good for Canadian JR producers.
Hopefully this helps give SGR a bit of leverage w/ creditors too.