Re: Did Anyone Attend the Vancouver Conference?
in response to
by
posted on
Jan 21, 2013 11:07PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Tim was tight lipped. He gave nothing that wasn't already out there. Q4 results delayed because they are so busy on finalizing capex plans, couldn't say if they met guidance or not. Figures once they have free cash flow, market will figure it out and start buying. A few minor surprises/changes have ended up reducing costs. Upgraded to 3000 tpd capacity on 16 level, 2500 on 26. I might have that backwards. My opinion is this is about as safe a gold play as there is considering the 1:1000 success rate in the sector. The majority of the money they raise appears to go into the ground unlike alot of other companies. Problem is they diluted so much to go into production that the upside is now limited to cash flow. I didn't ask about Bill F. Someone asked Cook about San and he commented that it appears to have bottomed and he also used it in his presentation today as an example of when to sell when the investment thesis changes. Rookie may have some other info, I didn't stick around too long, there were more interesting prospects out there, like the beer in the pub across the street. It wasn't that busy relative to other years, which could be a good omen. Speakers I respect were all saying this could be another bad year for the sector but one mother of a buying op if you pick the companies that have strong fundamentals and a heart beat. The sleeze was pretty discusting as usual.