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Message: Re: Sprott and Zinjin

Oct 03, 2013 10:06AM

Oct 03, 2013 10:11AM

"Miners with advanced stage projects may find themselves with a new potential resource for capital"

Sounds like more ammunition for bottom feeding in the PM sector which SGR should stay clear of. Sprott already took a good position in SGR at ridiculious low prices plus half warrants at .18

Management of SGR needs to be efficient and be bottom line cash flow positive. Tough to do with gold getting smacked down when it should be rising as the US $ falls. In the meantime they need to stretch their cash reserves as long as they can, do smart production and hope the price of gold gets back to $1,400+

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