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Message: Re: Double is relative to entry point!!!

Jun 06, 2008 11:47AM

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Jun 09, 2008 02:30PM

E,

SGR is up nicely, as we will all agree....but how much is relative.

For example, I first started to buy SGR a few years ago at .40....so I am up 4.5X on those shares. That is the excellent news.

However, around the time of the first gold pour, 2 years ago, I bought a chunk at $1.60 which seemed like a real bargain after coming form its peak at $2.25 --- to have waited 2 years to move from $1.60 to where we are today is not as exciting. I am sure I am not alone in this boat.

But, I do think we are about to break out of the doldrums so to speak and get up to a more reasonable valuation of what we have now -- there seems to be some synergy through coming together of new findings, better grades, about-to-increase production, additional qualified personnel, higher gold prices in the general market, and greater interest in SGR in the larger investment community -- all of this is starting to move us up to the next level.

Having made quite a significant rise over the past weeks, there could be a temptation to sell off some and to try to buy back in a bit lower (to expolit the wave). An interesting plan, but possibly a dangerous one, if the SP just doesn't drop down to the "buying-back-in-point" and you end up strandec in the station while the SGR train speeds off down the track. It might be safer and wiser to stay on the train, IMO.

NorthLion





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Jun 09, 2008 03:11PM
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