St Andrew Goldfields Ord STADF

RE: great news!

[redfox]

IMHO, we all have different risk tolerences and investment objectives. Whether you should sell at a loss or not is something that only you know based on your own individual situation. Any of the good investment brokers will give you information on gold companies that actually produce gold, who make money, who have reputable management, who actually deliver on what they plan on and who do not have hundreds and hundreds of millions of shares. All that to say that for me, at least, this stock has turned out to be one of the worst investments ever. The company has consistently missed any targets that they have set; there have been a series of setbacks including the cfo, the mine manager, non production in Timmins, the gold play in Alaska, the subsidiaries, etc. etc. For me, the signs were there but I chose to let it ride. This last piece of news was disconcerting. I now have no confidence in how they are running the company - a company by the way in which each of the shareholders has some money. Again, that is how I view it and I view this from my own financial perspective.