Re: San City ......Secrecy ( Who"s Weapon )
in response to
by
posted on
Jul 23, 2008 09:54PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Traps, I've brought, + or - 1 or two, 85 people into this play, most of whom would be completely in the dark without my continual input. Some of course have exceeded my abilities in analysing corporate strengths and weaknesses and have also shown great promotional ability adding many new investors. My point here is SAN has been a very easy sell. The #'s a well paid IR team bring into a play like the should exceed any individual effort logarithmicaly, moving SP up while not giving away any corp secrets! Ie, "flying under the radar!"
Their (investors I regularly communicate with) #1 comlpaint is lack of transparency! Abeit just little things.
You don't have to break open the vault, vis a vis, information to let the world know how things are developing generally. An occasional update is all most expect.
Recently I've found management to be somewhat inaccessible. Have you ever read the book "Black Like ME?" At times I feel maybe its been a colour change.
Can weakness in SP be explained away by "flying under the radar?"
I'm not convinced! In a publicly traded Co everything under the "Sun" should be done to enhance SHer value, of course within the letter of the law! Radar shouldn't enter the picture!
I held Nortel right up to $124.00, where their actual P/E was 12,400. Some days they had AS MANY AS 10 PRESS RELEASES, most were no more than informational, (the rest were lies!) but they certainly held investors interest as they became the darling of the market!
Analysts, investors and reporters are in general very lazy. They have to be spoon fed. Their decisions follow the path of least resistence. Mountains of DD they just aren't prepared to do! Prior to the AGM, I called the local press, newspaper, radio, and TV in Winnipeg the morning of the meeting, none of which was even aware it was on. CJOB TV said their cameras were booked so could'nt send anyone out! The Free Press sent a reporter who did a nice piece in the paper and I'm not sure if radio showed or not. The Globe and Mail didn't have a local reporter but said if they had known sooner they probably would have sent somebody in. Traps, thats in part what I meant by secrecy, it certainly wasn't my job to alert the local press, but obviously somebody had to do it. My error was not doing it sooner. Subsequently, Dale was interviewed on BNN. Whether the Free Press article which they would send out over the "wire service" initiatred that interview I don't know, but I do know that "action begits action!"
"The "early bird" gets the worm!"
"Stay focused!"
RUF