Re: Dividend or Dilution
in response to
by
posted on
Dec 29, 2011 03:47PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
You need to read the last MD&A. 2012 guidance is for 100k ounces, hardly an amount available for income distribution. Point is the extension of those zones has nothing to do with stated production guidance. The mine could 'burn down' but those ounces would still be there. Common sense would suggest higher production numbers for 2012 given 4th q has to come in at minimum 26k to meet 2011 guidance which hasn't been revised but George hasn't given any indication other than his under promise over deliver dogma which could be construed as sandbagging by some. I guess we'll know in a week or two.