RE:RE:RE:Dear Greg Gibson, SGR CEO
halcro wrote:
TedOwens wrote:
It is clear when taking into account the information content contained within the Deloitte write up that Greg Gibson has already committed and deployed towards the what was recommended.....
What "the what"? Care to try it again, Ted, but in English this time?
Must be something in what Ted's trying to say, as SGR is up 33.33 per cent so far...
even if it is on only 63,600 shares (about $900 after commissions)
Way to go, someone!!!!
I read over the article and it outlined what Junior miners need to do for the long term to remain viable.
I was hoping SGR would be the next LSG, but due to poor management we are in the current situation we see ourselves now. :/
That said this is a wider issue in the industry not limited to SGR, and IMO SGR is now in a wayyyyyyyy better position than it was only a few months ago.
Like the rest of the SGR longs, I am hoping GG is using a similar roadmap this Delloitte article outlines and will help SGR remain in operation and eventually become profitable. It's definitely going to take a while, and it's still likely SGR will remain on the ropes for a while. (so if you are a day trader, and have a strong constitution you can make 33% here and there on volume. :) )
Here are some of "the what" from the PDF:
1)Strategic partnering
2)Alternative financing
3)Debt restructuring
4)Mergers and acquisitions (M&A)
5)Working capital optimization
6)Cost cutting
7)Capital project rationalization
8)Formal restructuring
Here is a good Rick Rule
interview on the topic.
Here is a good kitco interview on the same topic.