Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Re: New and Improved Corporate Presentation - tpd

A class post. I sincerely believe this stock and almost all junior and senior mining co's and stock have been violently and(illegaly(in my opinion))manipulated down.

Really?

In May 2011, SGR had ~280M shares outstanding, fully diluted. Today, that number stands at ~343M. That's a dilution of 22.5% in less than a year. In the same time frame SGR's share price has gone from ~$3 to the $1.38 we see today.

In the mean time, gold has gone from ~$1575/oz to ~$1640, or an increase of ~4%. Essentially no change.

What the market is saying is that it thinks SGR will print more shares faster than it will make money.

Hard to argue with that.

Share
New Message
Please login to post a reply