Post by
opendoor98 on Dec 28, 2012 11:48am
marc as central banker
He won't give up, you have to hand it to him.
I love it- the tensity, he is like the ECB or Japanese bonds- refi until someone calls it money printing.
In SDRGs case its a double down situation or maybe a case of third party buying "wink wink nudge nudge"- it would have been smarter if the CEO was seen buying directly. And had a pipeline to another property- he found the first one (mexico), maybe with the yrs of terrible financing and decimation he can beat on a wet back to get a good deal on something with a story.
He just has to shelf the china/Mongolia thing- its too far away for the narrow minded, Mexico is an easy sell. IF he does get some deal, he really needs to manage capital better and throw every penny at holes in the ground- less on overhead.
I know public companies that never answer the phone but put out good results and look to an easy sale after a couple thousand meters of drilling, this is what management has to look for, not this easy paycheck salary thing- its small potatoes compared to what you can sell the entire company for. Crazy little companies like this can sell out for 80-100m in a couple yrs with some good land and marginal marketing. The majority of the time they go under, but who knows with this one.
I hate to say this, but go dragon, lets see what you can do in 2013!
Comment by
just28 on Jan 09, 2013 6:13am
"He won't give up..." That's the MAIN problem, he has never give up.... He is THE reason why this stock is where it is today..... What an incompetent, he's not a manager, he is a real clown!!! Don't cheer too much and don't put hope in that garbage stock, no way it will rebounce......