Re: Bill Ferrera...The Long and the Short of it and waiting.
in response to
by
posted on
Dec 10, 2008 08:37AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
"waiting for 43-101. Actually not sure which one as we were to see a few of them if I recall."
If my understanding is correct, this decision has been changed. History will show us that every time a 43-101 is released, no matter how good it is, the stock gets hammered hard. And i believe because of this, SGR has decided to not go forth with the 2 43-101s, no sense in hurting the sp twice. So they decided to do a single one which they say will be release in January...aka sometime in 2009, perhaps as late as december (sorry for the joke).
And only after it is released will they be able to apply for tsx listing.
I will also speculate a couple points, this buys them time if anyone makes on offer on the company to say they are waiting to finish the 43-101 and it also buys them time to say they are not yet finished and keep drilling till they hit cash flow positive then perhaps they can release it at that point where we can potentially see the stock really boom. But if thats the case then they wouldnt release it till after year end (April 1) or Q1 end (June 1). And by then we could be approaching 5 million onces since it is assumed we are already over 3 and must be nearing 4.
Hopefully that clarifies some stuff.
Jeff