heh, name me a gold mining company of the same size who doesn't raise money regularly.

Claude raised 14 million in December 09

Aurizon raised 50 million in April 09

Kirkland Lake gold raised 32 million in February 10

Lake Shore raised 16 million in December 09

hmm, I see a trend here!

The only difference here is SanGold happens to have raised way more than any of them, which I'm inclined to think is a good thing.

San is not Goldcorp or Barrick, if you want to invest in a company that finances it's projects through profits from gold sales then you're investing in the wrong company. When Goldcorp wants to build a mine or fix a mill, say in South America, it takes money made from 6 other mines to do it. They have a pool of credit and cash readily available, SanGold doesn't.

Stock might bounce for the next few days but in the long run, I think this is a huge confidence booster for the boys in Bissett