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Message: Re: News from the AGM....
7
Jun 23, 2009 01:14PM
6
Jun 23, 2009 01:18PM

Some more tidbits...

With $40M cash on hand they do not foresee having to go to market.

They will be drilling in the area between the Hinge Zone and the New Zone...

Dale indicated that there would be more companies initiating coverage of SGR. I suspect some analysts have been visiting him.

15% of stock is held by management. 55% by institutions, including some major US institutions.

Dale implied that the effect of the TSX listing may be a bit overhyped. He mentioned that houses that are not allowed to invest in TSX-V stocks, will cheat and do so anyway. I hadn't heard of that before. Anyway, as Andy just posted, the only thing holding up the TSX listing is the 43-101.

The presentation was quite good and seemed to be uptodate. I tried to find a copy on the San Gold website... Nothing there yet. I assume that it will be posted there.

There were no free samples... (If I recall correctly, there was a silver mining company recently that gave specially minted 1 oz silver medallions to the AGM attendees.)

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