Sage Gold Inc SGGDF

Metals & Mining Gold Industrial Metals & Minerals

Sage Gold Inc engages in the exploration and development of mineral resource properties. It explores for gold, poly-metallic, nickel, and copper. Its primary properties include the Onaman property comprising the Lynx project and the Headway project in the Beardmore/Geraldton Gold Camp; and the Clavos gold project in Timmins.

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Sage Gold Inc > Right You Are Body Builder Regarding Financing

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Comment by bodybuilderon Dec 16, 2017 11:26am

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Post# 27171039

RE:Right You Are Body Builder Regarding Financing

When you look back at the private placements there were no less than 5 in 2017.

We started the year with 55 million shares and the ended with 86 million shares, that is a 54% increase and let’s not forget the warrants floating around.

So why buy stock on the open market?? Sell your shares when they are free trading and hold the warrant risk free. Image if just half of those 30 million shares were purchased on the open market. Those placements are rally killers to say the least especially when participants sell stock in their account to fund their investment in the PP. Then they sell the stock and hold the warrant. Go through that scenario 5 times like we did this year.