Sagres Energy Inc V.SGI

a$2800 gold price, near record high

[invest234]

current gold price is a$2839 which is near record high.

2022: gold price was a$2600 in the year of hell.
2021: gold price was a$2400 in the year of profit.

with 70k oz/yr production, each $100 rise in gold price adds $7 mil cash.
if gold price averages a$2800 this year, that is a$200 higher gold price than last year and a$14 mil additional cash. more cash if costs from 2022 deep pit is eliminated.

with large banks like silicon valley bank failing from fed interest rate hikes, and banks around the world dropping, many expect gold price to go higher us$1900 $2000, which translates into even more cash for sgi.

if sgi ore grade increases according to 2023 mine plan, that is higher production and more cash.

sgi high leverage could turn out to be a cash cow (relative to its tiny size) with the higher gold price.

don't believe the posters from cyl+van who are trying to FOOL sgi shareholders into thinking they have no choice. if the trend continues, sgi is set up to generate a lot of free cash this 2023.
there is no rush to give away the farm near 52 week low, just when production and gold price is starting to rise.
don't forget to vote on time.

new buyers of sgi should also vote NO to keep the tiny market cap multi-bagger potential of sgi, and avoid the baggage from cyl+van with their liabilities.

[invest234]

gold above a$2900 now, up another a$100. that is a$300 higher gold price than last year. for 70k oz production, that is plus a$21 million. oil price is also dropping under $68 with possibility of recession, reducing materials cost. sgi highly leveraged to increasing gold price should be jumping with these much higher gold prices. at this point, sgi is being dragged down by cyl which dropped to

[riverrrow]

Yes, catalyst closed at 91 cents Canadian.

[invest234]

supposed buyout at 44 cents. where is this 44 cents? what a sick joke. anybody who votes for this gets nothing and needs their head examined by a doctor.

[invest234]

even if cyl is 91 cents cad x 0.3571 = 32.5 cents cad if there is a merger. in the worst case of merger going through, current sgi share price should be 32 cents instead of 25 cents. if the merger is voted down, sgi share price should be a lot higher than 32 cents with current gold price running up. with gold price now a$350 higher than last year, 70k oz production gives a$24.5 mil more cash

[riverrrow]

Nobody is buying SGI and nobody is selling SGI.  I can understand the lack of selling at these prices.  I suppose the lack of buying is in response to the uncertainty of who will control SGI longterm.

[PulpCutter]

"Uncertainty" Exactly.  No one knows which way the vote is going to go. The only things that seem certain are that 1) current SGI management is a clueless s**tshow, and 2) CYL management is worse.

[Timebandit12]

what so vote no and get more the same as the last 4 years ( nothing) or vote yes and finally get condsolidation of this gold belt, which  should have been done years ago. Easy trade

[PulpCutter]

Mills completely aside, IMO the value of SGI's ore bodies far exceed that of the ex-Vango ore  bodies.   Disagree?  No problem. List SPECIFICALLY which Marymia ore body(s) you feel can be brought online, to improve Plutonic's operating cash flow? ---------------------------------- The ONLY synergy that's obvious is a bit of Salmon, that happens to be over the

[PulpCutter]

Note, also, that it's unlikely that CYL will have two pennies to rub together, after paying off Vango's debt, and other expenses. For CYL to move forward with ANYTHING on the combined properties implies massive further dilution IMO.

[invest234]

Timebandit is another newly created sh account just to bash sgi saying same bs as camel. making bald face lie of 4 years when just 2 years ago sgi was profitable and increased their cash. if management was the worst in the world, then how and why are they making significant improvements in development and production, and reducing cost? https://superior-gold.com/news/superior-gold-announces

[Timebandit12]

 My bad, in the las 4 years, 1 year of proifts. Amazing. But we are still raising cash to survive. I don;t seen anything is going to change keeping the same management / structure in place even with the POG heading north. The admin / HQ costs are ridculous.  So what happens after a sucessful not vote realistically? 

[invest234]

timebandit are you blind? can't you see the obvious change? year of hell is being replaced with this: https://superior-gold.com/news/superior-gold-announces-continued-operational-impr-122654/ open pit mining gone and expenses of deep pit gone. inefficient open pit contractor gone. any flooding does not have much impact on underground mining. covid from re-opening w.a. already over. your and

[Timebandit12]

I love your optimism Invest. Maybe you should be running the show. my only question is can managament deliver even when its served up to them of a platter as you are proposing.  How many more strikes before you are out ? And lets see if they need nore cash....that will be a hint.

[invest234]

you never answered my question, what would the best management in the world have done in the year of hell to stop all those bad things from happening? what would Keith have done to stop all those bad things from happening? if a hurricane destroyed your house, you would say that is a strike on you, you were a terrible manager for allowing that hurricane to destroy your house. if an earthquake

[PulpCutter]

Are you done selling your CYL shares yet, Mark?

[invest234]

if cyl management is so much better than sgi management then how would cyl stop the historically high rainfall and flooding? how would cyl stop covid when w.a. re-opened? how would cyl stop the lack of manpower in w.a.? how would cyl stop inflation? how would cyl stop inefficient open pit contractor and make them more efficient? how would cyl stop the gold price from plunging to $1620 last year