Re: San Gold Corp and Kerr Mines Inc Enter into Letter of Intent to Merge Businesses
posted on
Jul 24, 2014 04:29PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I will compare them. Back in the day when the sky was blue, and we were all told that the roses smelled just fine, SGR kept saying that the cash costs were in line with other producers or near term producers.
A few years later, those costs never materialized. But LSG kept to their cost forecasts. Was it just wishful thinking, or incompetence. I am going with wishful thinking, the management of SGR has always promised big things.
LSG has moved themselves into a better position, and I don't think that the mining method has anything to do with it. Their merger worked out well, and I hope that this one works out too. I still want to make money, I just don't see how at the moment.