Question ...

Welcome to the San Gold HUB on AGORACOM

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Rank: President [?]

Points: 4222 [?]

Votes: 115 Score: 3.6 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Question ...

posted on Dec 18, 2013 05:00PM

I've been out of SGR for more than a few months now - sold at a significant loss. But I've been watching it closely and waiting for a re-entry point.

I'm wondering if SGR.DB would be a better place to put new money? I'm not entirely clear on the dynamics of it, so my question is:

Since SGR.DB is selling at such a significant discount to its face value, is an investment here basically taking a position that San Gold will survive? My thinking is, if San Gold goes bankrupt, you lose. But, if it doesn't, then the debentures will move back to face value, which is a good return.