Catalysts to propel San Gold 3-6 months.
posted on
Feb 01, 2009 12:41PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
News releases can move stocks- Lets consider some of the possible Catalysts to propel SGR in the next 3-6 months.
1) Possible TSE listing- a bump to the big board is a boost as index funds must buy. =demand for more shares. There are a couple of empty slots and based on volume and market cap SGR is a strong candidate. Some funds/clients only buy stocks that are in the 300
2) Possible Amex listing- more buyers people who are reluctant to buy pink sheets will buy an amex listed stock.
3) Release of drill results that have not been released but are said to be in the new resource estimate. (They were probrably at least half decent to be included)
4)Interest in precous metal stocks by portfolio managers - gold companies look strong.
5)increasing Gold price
6)junior mining stocks are rising they provide excellent leverage to gold price increases-and one of the stocks reccomended is SGR
7)Release of the resource estimate for the Hinge.
8)Release of the resource estimate for the entire mine.
9)Trend followers buy stocks that are trending up
10)production results once the hinge is being mined--higher oz /ton likely by a multipler of 3-6 times current grade.
11) Release of new drill results- extention of the hinge on defined target by surface drills.
12)Takeover - someone is accumulating shares-- is it the funds/investors or some big names like Agnico-remember they tried to get Gold Eagle they are looking. Even if someone accumulates another 2-5% that is less shares that are traded (supply/demand)
13) Weakness in the US Dollar - even a little loss of confidence or at least sick of very low returns should send some away from treasuries and into better assets.
14) Quarter over Quarter increases in production.
15) Published results that show dropping costs.
16) I am still buying more shares. and I will hold them for at least 6 months.