RE:INFLATED PRICE/PUMPED- RIO PRICE/RISK - MUCH LOWER AVOIDSGF management got RIO to pay a very large premium at the equivalent of $.18/share to earn in, assuming they progress on a positive results driven basis and earn the entire 60%. that is ok for one last kick at the can......
currency24 wrote: RIO bought in at 18 cents - Ignored the PUMP/ARTIFICIAL PRice jump by a group of Traders who WHO might have known something was in the works, RIO 18 cent purchase - SUCKERS purchased and Purchasing at Inflated Price.
RIO Gets 60 % of project if they decide to go forward and could acutally get more since SGF will not be able to raise the funds for their share of production - need to come up with $800 mil, RIO will dilute SGF and SGF share holders will have nothing byt a 5 cent stock.
Asnoted in earlier post, SGF is payed by a certain group of Traders/Brokers/EMD's and etc. seeking to Pump/Hype the price and Sell their shares to the UNSUSPECTING SUCKERS.
$2 Billion - needed to bring this mine into production - forget it, not going to happen
AVOID SGF - this is a very OLD TIRED Story and going NO where.
All the above in my humble opinion and based on years, back to 2003, of investing in both SGF and Kensington - and visitng the mine and etc. Also, based on Financial MKTS.