Re: Shareholder Communication
in response to
by
posted on
Aug 26, 2008 09:10AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Regardless of Shareholder Communication, every share holder of SGR should know the reason we are where we are. Its simple - Everything boils down to production and profitablility. If we can ever hit our goals of production, then we can become profitable, then and only then will our SP start gapping.
This isn't rocket science. All we have to do is make money and in order to do that we have to feed the mill with higher quantity and higher grad of ore.
I still have my doubts that SGR could ever hit 25 000 oz / quarter or even 15 000 oz / quarter, but if they do then me become profitable and share prices rise. Why would anyone buy into a company that has failed to make money for years. The market is waiting for the risk to drop and i dont blame it. Those who done there DD have found that SGR should be making money soon. But also we were in the same boat 2 years ago and still no profit. Same old story. So until we make money, dont expect anything crazy.
Jeff