Shining Tree Gold Camp Message Board

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Gold/Mining/Energy : Shining Tree Gold Camp

ORFDF 0.0572

-11.2%

Oct 22 2:58 PM EDT

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To: jamesien who wrote (247)	8/29/2015 4:02:46 PM
From: sense	of 260

Don't disagree re "interest" in Juby and Edelston... However, a deal done for $135K in convertible notes is no benefit to SGX or its shareholders. It might keep them alive for a while, that's all... so, its better than being dead, but, still... just a step stone on the path to being dead. The fact of the ugliness of the current market... doesn't convert convertible note financing into anything other than even more ugly. It's not a knock on Oban or Osisko for making sharp deals in a dull market... its just a fact that those with cash in hand, now, are in a WAY better position than any of those with their hands out seeking cash from others now. But, it is a knock on the management of SGX (and all the other juniors in the same or worse situations) that they've not managed their finances in a way that operates to insulate them from the fact of the ugliness that exists. For investors... you don't win by ignoring the value in the rocks when the best of them are on sale... but, you also don't gain any unique benefit from opting in to owning what will end up being the losing side of the deals being done. I'll continue to focus on those companies who have skilled enough management that have actually managed to survive and reach this point in the market trend with cash in hand, enabling them to buy "best in market" properties at prices that don't do much to differentiate the best from the worst moose pasture.

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