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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: Pork

Pork

posted on Oct 22, 2008 08:00PM

There is an old saying " pigs get slaughtered". This stock has hit $2.00 twice and if you didn't take a little profit then you only have yourself to blame. I have leveraged my position and don't give a damn about the share price right now. All the whining in the world won't change the world economy and most of the people here have commented on the need to have cash to take advantage of the opportunities that would come from the collapse of the economy well in advance of it happening. What happened people? Did you forget the fundamentals of the stock market. We have naught to do now but wait for the manipulative governments to figure out that they can't cure the problem and let a few of these banks and brokerage houses go chapter 11. Credit will suffer, but gold which is why we are all here will have it's hayday. This company is doing all the right things and I don't recall who commented about Hugh wanting production over exploration because Hugh is a prospector and a driller. He is the guy that had the vision to get together with Dale Ginn who with Bill Ferreira had the vision and foresite to look outside the box and find the real Gold in Bisset. These guys are in MHO in the same league as Robert McEwen and so far have been able to go it alone and avoid a cheap takeover. The Cartwright decline was abandoned a year ago when they started finding the high grade in the Hinge zone which makes much more sense in the long run because of easy access. To collar a new decline and be mining in 6 month is a huge accomplishment. Not only that but by sending another decline west off the same collar they will be able to access the much lower grade Cartwright when cash flow is better in a year or two. We all forget that in 3 years this group has reopened a deep mine with questionable care and maintenance, Collared and mined a second mine, SG-1, with that will be much more feasible when they start mining the 3rd mine, the Hinge which by recent reports is richer than Red lake from surface down and thru exploration encountered 6 hinge axis, and proven up the Cartwight mine which will be the 4th mine within a 3km area. There is still SG-2, SG-3 to prove up which have been essentially ignored for the last 2 years, Marum JV property and the properties southeast of Rice Lake where surface grab samples of 13 ozs per ton have been taken.

No Sir, I'm not selling yet! Let's not regress to the whining ways of the old board and be positive. What a buying opportunity.

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