I was close, unfortunately my share price projections aren't.

http://agoracom.com/ir/SanGold/forums/discussion/topics/518830-annual-ft-date-is-approaching/messages/1644920#message

"Anyone care to speculate on how much FT and at what price?

My guess is they scale back about 25-30% on the drilling over last year. Go for ~$15 million with 6.75 million shares priced at $2.25. Have an $3.8 million over allotment for an additional 1.6875 million shares. Just a guess but maybe the underwriters are tanking the price to get more product(shares). They have x amount to spend and want y amount of shares churn. After all it's free money."

Actual

7.15 million flow-through common shares of the company at a price of $2.10 per flow-through share for total gross proceeds to the company of $15,015,000.

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My guess is the 2011 financials released end of March will be closely followed by unofficial 1st quarter results sometime around April 6th which could be around 26,000 ounces at <$700 an ounce.

They will have to ramp up news flow so the syndicate can pump the price to move product after the mandatory 4 month hold not at all disimilar to last year. Was there any coincidence that last year's high was almost to the day that 2011's FT shares were free trading? I don't think so and the sp spiralled for the remainder of the year. Hopefully they can counter the share price going buffalo with something positive. Maybe start with something simple like keeping feet from mouth. Velcro works.