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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: czechmate who wrote (63052)1/24/2009 8:27:04 PM
From: Claude Cormier  Respond to of 78419
 
Expensive, however on par with LSG. I like both. Have SGR on my list of top favorites and own an initial small position.

The good thing is that it is a producer with good growth profile in a safe juridisction. Balance sheet is not bad.



To: czechmate who wrote (63052)1/25/2009 10:48:48 AM
From: shakes  Read Replies (1) | Respond to of 78419
 
San Gold CEO:

watch.bnn.ca

One of the reasons I upped my SGR-V position was the above interview.

Certainly not a slick used car salesman, Ginn came across to me as direct, honest and to the point. His only "fumbling and mumbling" came in response to direct, specific questions as to potential M&A activity. It was obvious to me something positive was cooking; shortly thereafter he stated that their goal was to become the next mid-tier producer, targeting 200K oz/year.

He noted current production costs @C$400/oz when POG was C$800 and was quite pleased with that margin; bet he's very pleased today.

A steady stock price base building has now been followed by huge up-volume 7 of the last 9 trading days.

regards,

Shakes