RE:RE:Seabridge Gold (SEA:TSX) – 2015 exploration plans Gold was glowing today and Sea was down. Hmmm. Looks like people are getting tired of waiting. The bad news. They will wait longer.
The last news release was not that good. Nothing to make me jump for joy. It is obvious they have the goods, permits, ect. Seems like evert drill program adds to the bottom line. There has to be other reasons. Maybe the fact that it will cost so much to build this mine.
They are looking for a JV. I dont think this will happen. Buy out? possible but eventually they will have to move this property in a different direction.
They will eventually need to dilute this baby to keep the lights on. Then she will drop even further.
Big names are bailing out.
This is all my opinion. Currenlty not a share holder, but watching to see when this will play out.