Sagres Energy Inc V.SGI

greywoulf

[phantoms]

i would like to see greywoulf showing to sgi shareholders cyl financial and henty mine actual situation for the reason to vote  no. .henty at 5-6 millions quarter production with fixed cost cannot be very profitable in my opinion.merger ratio is a fire sale. i suppose many sgi shareholders traded in cdnx exchange with free commission .what about the cost with an australian exchange with cyl for sgi shareholders.   at the end of the day how many shares cyl will be outstanding with van + sgi + cyl .asx mining shares often have billion shares issued and trade like penny stock. sgi is a penny stock now as jordaan and al put sgi in this situation. we don t have any upside with this deal ..no for me i don t trust cyl as we don t know henty mine profile .at worst sgi vote no out jordaan marion consolidate 3 for 1 and pay your debt , produce and drill.  always no for me

[DANNY2503]

Might pay to do some research mate, Henty is not the prize for CYL, it was always more of a see what we can get out of it knowing full well that it would never be able to make huge $$$ out of it. CYL definitely have turned it around and it has paid for itself for the last couple of years since they purchased it, but the real prize is the Victorian land holding and it's potential to be a

[PulpCutter]

@DANNY: AISC A$2763/oz, and two stope failures in Q1 = "definitely have turned Henty around"?  "Smart operators"? Sure, ace. As far as future potential, what do you think happens when you try to mine deeper, in a mine that already has "extreme squeezing" conditions?   

[DANNY2503]

Again Henty could close tomorrow and no one would really care, it's paid for itself it has made money, and we don't need it.  At $2763 Henty is still doing better than SGI's only asset     Pulp, you need to stop bashing the same repetitive rubbish that really has no relevance to what CYL is about.  'The Aussie CYL forum was very quiet until you showed up

[PulpCutter]

@DANNY Your nervousness is getting a bit extreme, here.  Maybe take a breath? LMAO   SGI made fat bucks for six quarters going in to Q4 2021, paying off all debt and building up a US $24 million cash balance.  At A$3000/zo gold there is nothing stopping competent management from getting Plutonic right back on it's feet.  Failing that, SGI is still worth far

[DANNY2503]

It's good to see your investment decisions are based on figures from 2 years ago.  I have some land for sale going cheap, 2 years ago it wasn't flooded. But it is now useless swamp. I have a car for sale 2 years ago it only had 10k miles on it. Now it has 100k miles on it. I have a company for sale 2 years ago it made money, but in the last 2 years it has lost millions and is

[PulpCutter]

It'll be CYL in bankruptcy court, and SGI picking up Marymia cheap.  Which is all it's worth.

[tannin]

You're dreaming in technicolour PulpCutter......unlike SGI, CYL/vango has backers, people with serious money who believe in the project........if plutonic/marymia is going to be a success, if will be with CYL running it, putting the capital to make it happen.....sgi was put together by small players with no real money, and they then made every mistake on the books.....its over bub, finished

[tannin]

Btw, found a broker, Interactive Brokers, where I can trade Australia same low price I can trade Canada.......so, I'm voting YES.

[PulpCutter]

@tannin Of course CYL has wealthy backers. That has nothing to do with Henty (LOL!) nor Marmia. The wealthy backers are after the Whitelaw claims. And they're damned close to getting them.   What goes through your mind, when you see a struggling business's share float go exponential?   2/2011 35 million sh “Goal is to generate cashflow from operation within 2

[PulpCutter]

@tannin Look at that exponential growth in float, and CYL's plummeting share price. You've honesty never seen that before, and how it ends up?   CYL is circling the drain.  Rinehart will take Whitelaw off their hands, and SGI will pick up the other 60% of Marymia cheap, at CYL's bankruptcy auction.  

[PulpCutter]

I've been trading (investing) since the late 1980s.  I have yet to run across a less-informed group of investors than the CYL bulls. The only ones that are close are late 1990s tech bulls.  Even Novo Resource bulls at least knew a lot of the particulars of Novo's various land holdings, deposit types, etc., even if they were under a sort of mass delusion as to what had been