Thanks for hosting this contest, and good luck to all.
Name: Sargold Resources
Symbol: SRG.V
06 Close: 0.20
sargold.com
Chosen because the pricing was favourable at yearend 06 and because I stubbornly hold it in my portfolio despite being ready to capitulate at different times. However I remain reasonably convinced that 2 former Placer Dome execs wouldn't have joined in key mgt positions if there wasn't some merit to the company and the projects, which I like to think (hope) justifies the logic behind my original purchase of shares.
"Mr. George Paspalas appointed as Chairman. Mr. Paspalas brings to the Company over 20-years of international executive and operating experience in mining, project development and mines management.
Prior to his appointment, Mr. Paspalas enjoyed a distinguished 18-year career with Placer Dome Inc., working at a number of locations around the world including Canada, Australia, Latin America and Africa. During his tenure at Placer Dome, Mr. Paspalas held senior leadership roles at both the operations and executive level, serving as Executive Vice-President, Placer Dome Africa from 2002 to 2004; and most recently as Senior Vice-President Projects, from 2004 to 2006, a role in which Mr Paspalas led the technical development and engineering functions globally for the company."
"Mr. Bruce Nicol, former Acting Chief Financial Officer of Placer Dome Inc. appointed as Senior Vice-President and Chief Financial Officer of Sargold, effective September 1, 2006. Mr. Nicol is a Chartered Accountant with 15-years of professional experience in the international mining industry, working with Placer Dome as an officer and in senior financial roles."
Issued Shares: 57,606,439 (according to fact sheet)
sargold.com
Sargold Resource Corporation is a Canadian junior resource company that controls the largest precious metals exploration land area in Sardinia, Italy. The Company now holds a 90% interest in assets which range from the mine and full processing plant at Furtei, to a host of exploration opportunites at Monte Ollasteddu and the advanced exploration properties at Osilo.
FURTEI – Sargold’s most advanced project, Furtei includes a number of potential open pit and underground mines, a 1,000 tonne-per-day treatment facility, and most importantly, a fully permitted mining concession including future tailings disposal.
MONTE OLLASTEDDU – A large mineralized system lying within a 50 kilometer geological belt in the Eastern Paleozoics. On October 30, 2006, Sargold signed a letter of intent with Gold Fields to acquire their 15% interest in the Monte Ollasteddu project - consolidating Sargold’s position to a 90% ownership interest.
OSILO – Sargold is also permitting an advanced exploration program at Osilo, the site of several existing discoveries located in northwestern Sardinia.
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