Re: Q1 Financials... When are they due?
in response to
by
posted on
Apr 26, 2009 09:52AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Q1 financials should appear next week as they continue to meet TSX.T requirements of qtr reports in 30 days and year end in 90 days.
I think one of the news release's said they would be running the first hinge ore before the end of April so they have probably already run or are in the process of running the first 5-6000 tons of development ore. Remember the last two words "development ore" as they have not started stope mining quite yet. They will have a timeline to develop several stopes to be able to have a continuous flow of high grade ore just as they did in the San Antonio. Will happen much faster than the San Antonio though, due to the depth and the fact that they load the ore in trucks and take it directly to the mill stockpile on surface.
Time is short to get the price up to $2.60 minimum for warrant exercise, and TSX.T requires $3.00 share price to use margin for exercise, at least that's what my brokerage house requires. Which will it be? I like $3.00 and TSX.T myself!