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Message: Added Back Today

Added Back Today

posted on Jul 23, 2008 01:38PM

As nasty as the drop was today, it certainly provided a nice opportunity to buy back some more.... I had sold quite a bit above $2 and wasn't sure whether this opportunity would come.... but here it was today. Thanks!

SGR is a great long-term play. It won't be overnight. We still have to see some higher official production and sales numbers, preferably in financial statements where they count the most. That 43-101 will also help a lot, and since both of these items are not here right now, the opportunity is here instead, IMO.

Whether we see lower prices yet may depend on what the institutions decide to do. Eventually some bigger players will decide that there is enough of a deal at prices like this and they will scoop up whatever is available and that will end the price drop.

All JMHO.

NorthLion







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