SGX Resources Inc V.SXR

SGX now needs to stand on its own two feet

[TedOwens]

With the landslide level disclosure scenario which just took place recently with big brother San Gold where the true size and scope of operations at Rice Lake have been revealed to be a fraction of where they were reported before, now places SGX in the position of having to fend for themselves now that the deep pockets that supported the exploration activity and option payment rush are a heck of lot more shallow now.......Reverse split is now a looming scenario

[Roughrider27]

Agreed

[souris14]

I think that is true...once they finalize the property sale and get the drills going hopefully we see a little bit of positive momemtum... GG and DG have their hands full with SGR and it looks like SGX has taken a back seat.  I think that the big picture strategy of a producing arm and exploration arm for these guys is still going to happen...BUT...timelines have been very frustrating

[Rajaking]

U guys hit it on the head right there ....and FYI sgx fending for themselves is not working out.....i dont see any drills turning without massive investment....even then the resource they have in tully hasnot been expanded in two years ....what to do with this conpany?

[TedOwens]

SGX went hog wild with property option acquisitions which were initially funded by San Gold's deep pockets. Now that San Gold has been relegated to "non investment grade status" by the markets on its newly interpreted intrinsic merit's things are going to be very different for this company from this point onwards. Many if not the majority of property holdings in the current

[Goldtequila]

With today's volume it got my attention, I took my first look at the financial realease on August 28.  What do you guys think they are going to do? There is no cash and nothing going on? How will this play out? Any views 

[theoilfan1989]

You would think that someone would have taken a run at this company.

[Goldtequila]

Probably lots hoping for that with SGR where it is at, Ker, I believe those hopefulls are out.  SGX just traded at .015, gold down again scarey.

[Roughrider27]

Very scary time here