Sabre Gold Mines Corp T.SGLD

SGLD Holdings of Seabridge Gold and C2C

[michaelstl]

Remember, SGLD now owns 273,000 SEA          (now selling for around 25.00 CDN)
                                       and 14,500,000 C2C      (now selling for aroumd .28 cents CDN)

They have been moving up in price recently. 
This represents a nice piece of change for use as developement funds
for these projects.

[Myharleybike]

Wow. That's over 10 million bucks. Forgot about that.  Let's go Sabre

[michaelstl]

Yes, just think about it.  SGLD has a market cap of 50  1/2  million in CNDN Dollars and these to holdings represent about 10 mil.  With what this company has going on it is selling at a rediculous price.  Lots of tax loss selling in these pennies.  It will all change soon in IMHO.

[Myharleybike]

The outstanding shares are a concern to me. 10-1 reverse split would not be out of the question. 

[michaelstl]

I can understand that  However, I think that the combination took place to build up the reserves to a big enough number to merge with a current producer  If they build up their reserves to 3 mil plus then they would be a likely merger candidate.  We will see.  Take a look at Skeena Resources.  They had a bunch of shares outstanding, did a reverse split and now are listed

[Flopticalcube]

Another month of tax loss selling to go. I think they will do a share consolidation soon maybe followed by a PP.

[trebuh16]

Good day Michael, I look at the Nov. Seabridge presentation: https://ucarecdn.com/f254b2b5-01fd-4572-88e1-d94c8bc1c9f4/SeabridgeInvestorPresentationNovember2021FINAL.pdf Each share of Seabridge is 2.06 ounce of gold and 657 lbs of Cu in resources. We are at 3.0 million  ounces. Regarding a possible merger with a producer, I suggested a few months ago the Moss mine owned by ELVT close to

[trebuh16]

Hi, and I may add to my comment: 3 operating mines. Trebuh

[michaelstl]

Thanks for the info.  I listened to the Star Royalty presentation at the recent virtual conference If you haven't already listened to the presentation I suggest that you pay particular attention to the question regarding the Copperstone Project.  It seems that there was a drilling problem that was recitified and now SGLD is moving ahead full throttle.  They refer to a

[easycoder]

The SEA shares that GPY were writing covered callls on.. not sure how many (if amy)  they sold .. where is the 273,000 documented? 

[michaelstl]

I asked the company this morning how many shs of each that they owned.

[Myharleybike]

I have an E-mail into GB as well.

[easycoder]

Thanks, good to hear it..