Re: 3 more months
in response to
by
posted on
May 18, 2011 04:13PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
if you only been singing this tune for 18 months, then you shouldn't be skeptical you should be quite and listening on what everyone else has to say.
The problem was 18 months ago the stock was over bought. everyone new that who has been around for 4-5 years back when this thing was under 1$ new it was worth more. However 18 months ago it was probably worth 2-3 $. Unfortunately this stock jumped to 4-5 $ i think it hit as high as 4.80. It's to bad for people who got in at this range as it was not yet worth that. Now however this is a different ball game. We should be at a $3.50-$4 stock. Unfortuantely we have been over sold now and sitting much lower then we should be.
However if you stick around long enough we should be back in the 4-4.50 range over the next 3-9 months.
So I feel bad for you if you were one who got in at 4.80 but if you stick around long enough you can recover what you lost. Maybe next year we may jump over 5 and can make a bit too.
But for all of you out there, don't expect SGR to produce 25 000 oz Q2. expect 18 000 and be happy if we reach 20 000. Our goal for this Quarter is make money even if its 1$.
Next quarter is the one we need to watch. Potentially we will make 22 000 oz and make a good 3-8 Million profit. And going on from there this trend should continue.
We need to be CF+ to have the stock go up, this is critical and always have been. So the next 3 quarters should pave the way to see us near or over 5$ in 2012.