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Gold/Mining/Energy : St. Genevieve Resources (SGV.T & SGV.M)

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To: Perry Alexopoulos who wrote (7)11/9/1996 7:12:00 PM
From: Walter   of 140
 
Perry: I am interested to know why you sold the stocks a few days and why you think you will eventually get back on board. Are you a short term trader? When do you think you will get back on board? How long did you hold the shares before selling?

I have thought about dumping the shares myself a few times. The IRs and management seem more interested in raising money and being active in the market (i.e. trading) than finding good projects to truly enhance the price of the stock. Management has definitely underperformed in light of all the good projects they think they have. It seems with all the cash they have, they just don't know what to do with it. My problem is that management acts more like stock promoters than mining/exploration experts. For instance look at all their news releases. There seems to be a trend of exaggeration or inconsistencies, such as after 5 months and still no results from Cuba. I am close to dumping the stocks myself.
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