Taylor refreshes San Gold buy
Ticker Symbol: C:SGR

Taylor refreshes San Gold buy

San Gold Corp (C:SGR)
Shares Issued 323,641,841
Last Close 6/4/2012 $1.52
Tuesday June 05 2012 - In the News

Jay Taylor, in the May 18, 2012, edition of Gold, Energy & Tech Stocks, refreshes his buy of San Gold Corp., recently $1.27. Mr. Taylor said buy eight times from Oct. 16, 2006, to Nov. 21, 2011, at prices ranging from $1 to $3.39. Assuming a $1,000 investment for each buy, the $8,000 position is now worth $6,447. San Gold lost $690,198 on revenue of $35.5-million in the first quarter of 2012. The results have improved over last year's Q1 loss of $5.33-million and revenue of $19.81-million. Mr. Taylor notes the company's operating cash flow rose to $10-million in Q1 2012 from $600,000 in Q1 2011. He is optimistic. He says San Gold could expand its Rice Lake gold mining project in Manitoba, now that it is generating cash. The editor continues to have confidence in San Gold's president, George Pirie, who expects an exponential increase in the company's gold resource. Last year, San Gold drilled 300,000 metres at Rice Lake, and this year it plans to drill another 250,000 metres. When choosing equities for your portfolio, Mr. Taylor suggests focusing on companies with positive cash flow from operations and positive working capital. On March 31, 2012, San Gold had a working capital of $38.42-million.