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Message: Re: Meeting
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Nov 06, 2014 04:00PM

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Nov 06, 2014 07:53PM
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M
Nov 07, 2014 06:12AM

One thing that hasn't been mentioned is that SGR for the 1st time was showing a modest profit and can pay it's own bills. If we can improve grades and POG go up we can be optimistic.

I belive if Greg had been brought in 3 years ago we would be north of $3 in this down market. I appreciate his honesty in giving our chances 60/40, I feel like this was the first time in 7 years that I wasn't lied to.

Greg pointed out, If the consolidation has to happen, Kerr shareholders will get a haircut as well so this will be a last resort for him. Right now Kerr doesn't need to get mixed up with SGR, we need Kerr. How he has been able to sell the upside of all this risk to the Kerr shareholders is unbelievable.

It was humbling to see Hugh and his entire family sitting in the crowd, showing their support of the merger. Not quite the legacy he planned to leave for his family. The reality is that if and when SGR can get turned around, Hugh will probably not be around to see it.

What I can't figure out is why Gestur was sitting in the crowd? Dale was MIA, which isn't surprising.


Nov 08, 2014 01:31PM

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Nov 09, 2014 11:21PM
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