Re: Sorry the previous was for Management.-Montrose...
posted on
Nov 27, 2008 06:30PM
Focused on becoming a near-term Gold Producer
hy do my previous post reported as Violation?"
Wasn't me, I wouldn't do that.
But, I still don't understand what your point is.
Sage is currently stripping and trenching and they have limited cash. They said "drilling in Q1 '09 will depend on success of stripping and trenching" ... well you know what they said.
My guess is that means that they don't have enough information yet (ie solid drill targets) to make a firm comittment. So they can't make a firm committment because if they decide that perhaps they need to wait until spring to do MORE stripping and trenching and/or perhaps some more ground work during the winter (IP surveys etc), then they will be derided for not meeting their committments if they make an affirmative committment to drill in Jan. Yes it's a vicious circle and I'm amazed I'm not dizzy.
Mining exploration is not an exact science. They probably have several theories they are working on and want to make sure that the few holes they do drill get the most information. With the number of drill holes they can afford right now , my guess is it's less about results and more about figuring out more info regarding the geology AND if there's more farther below. the shotgun approach just won't work here. YEs I am speculating but also not hanging on every word out of Managements mouth because right now to me it means nothing ... the market sucks and nothing they say (or do) right now will change the trend on the venture exchange. We're stuck under $,10 for a while.
Are they still going to make a major discovery? who knows? you're guess is as good as mine. For most of us it doesn't matter, we just want a higher SP ... but the markets have sucked the life out
Fear is still ruling? ..YES .... I guess right now one has to decide if they still have confidence... If one does then great, if not then one should be thinking "why are you still here?" ... Are you feeling this way because you've lost confidence or is it because the market has taken this stock (and ALL others) to a place you hadn't imagined... and now you're stuck.
That's what fear does it tests your confidence... that was my point ... and right now it rules.