Re: Gold price needs to recover this quarter
in response to
by
posted on
Jul 08, 2013 02:04PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
finaly a report of high grading , too late , trying to cover their ass. It also is a conformation of mining high grade ore . trying to a deal with bge at a price not aceptible to bge shareholders. Forget about bge and get on with opperating this co at a profit. If the grade in the area was the low grade sgr is reporting milling they would not be trying to control the whole area. SGR did not need to pick up all the claims in the area , they could of done contract prosessing without the risk. They increased the mill capacity ,and did not make use of that capacity, so why did they increase the capacity? Looks like they spent a lot of money,to bankrupt this co, not to enhance sharehold er value, as the share price showes. From $5 to $.1 a demonstration of managements capabilities.
Time for a revolt and a replacement of all board and management if shareholders want to get a return on their investment. It is ether that or a lawsuit befor you loose everything to the creditors.