Re: Rumours
in response to
by
posted on
Jul 29, 2008 06:43AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Hey Merc,
I can't really add much to what I posted...just that I have heard third-hand, now from 2 different sources, that new findings have management wondering whether they should spend the money to complete the 43-101 when waiting just a bit longer would let them include what they have found (supposedly so phenomenal that it significantly changes the picture again). The struggle with that is:
- if they wait, it is another case of not following through on what they said they woudl do
- if they wait, it might cause SP to lag again for awhile
However,
- putting out the 43-101, now when there is possibly a huge additional discovery that deserves to be included in a 43-101, would suggest that they would have to turn around and do another one within months - that doesn't make sense economically speaking
That's about all I can say at this point..... I am sure the picture will fill in better soon and hopefully management will be able to put something out soon to clarify what they have really found.