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Bullboard - Stock Discussion Forum SGX Resources Inc V.SXR

"SGX Resources Inc is a Canadian company which is engaged in acquiring, exploring, and developing mineral properties in the Timmins region of Ontario, Canada. The company holds an interest in Timmins South properties, Timmins North properties, and other properties."

TSXV:SXR - Post Discussion

SGX Resources Inc > Wonder what's happening with SGX?
View:
Post by timewilltell on May 06, 2014 1:12pm

Wonder what's happening with SGX?

i'm not in but was last year. I noticed insider buying afew weeks ago, thought that was a good sign.

A little panic selling maybe, didn't move up quick enough so some are getting out?

they've gotta be able to do something with these claims.

I thought another company would scoop the tully deposit?

LSG is close by, and with these results, thought it would benefit them, if not another company.

oh well, that's the market.

however, if it was me, i wouldn't panic here though. i know SGR has some big announcement coming up, so says a news release. figure they would want to get rid of SGX to give them some cash.

who knows.
Comment by docksitter on May 06, 2014 4:26pm
Good idea just wish I knew who would scoop up the claims as money is so tight for any exploration if they don't have it now they will be dropping a lot more claims for nothing. Its time the parent helps out before its too late
Comment by Roughrider27 on May 06, 2014 5:06pm
I think that's the trouble , the parents are having huge issues themselves 
Comment by pjay1981 on May 06, 2014 5:35pm
All I know is out of no where 3 people came on here pumping, saying they had insider info "something big was coming" these guys opened accounts on stockhouse and right away came to sxr. that worried me. I Unloaded my position took my loss moving on. GLTA peace
Comment by timewilltell on May 06, 2014 6:40pm
What's this about some claims being dropped? How does it work, if they're not re registered, they've essentially dropped them? I know they didn't have much cash left. but SGR just got 25 million in financing, figured they'd at least send enough over to timmins to protect what they have. Havn't heard a peep from SGX in months? I imagined that SGX stopped spending because ...more  
Comment by Goldtequila on May 06, 2014 8:13pm
Maybe they dropped some claims that they had'nt had great results on? Some had expirey dates over the past few months.  With of course cash and exploration $$$ allocated to them.  There were some posters never on here before that only posted SGX res.  which i found wierd.  From what over the last year there has only ever been insider purchases from the higher ups. From May ...more  
Comment by Rajaking on May 07, 2014 11:19pm
They didnt want to release any info because all the drilling they did in 2013 - as impressive as the numbers were - did not add to overall ounces in tully....its too bad should be decent operation
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