back after signing off site 8 months ago
posted on
Jul 23, 2009 02:36PM
Focused on becoming a near-term Gold Producer
see nothing has changed in regards to share price other than more dilution and alot of what if's. used to sign in under mibmib and was always asking to follow the money as to how much the insiders bought. Two years ago the price was higher. That had to be based on pure speculation. I realize the investing climate changed in 08. I think what is in the ground is that we have received more knowledge that something of value is in the ground. Not sure that anything is quantifiable yet. Correct me if i am wrong. Basing that statement solely on share price. Is gold going higher and for what reasons? I used to think because of inflation but not sure if central bankers want that to happen even though i think it will happen? Inflation could be 3-5 years away? Not sure if the US will not have another bit of deflation first?
I'm not sure if more quantifiable gold was found that it would do much to the share price? The reason i say this is because i thought 2 years ago Kodiak was the real deal. KXL has gone from $5 to.50. Are we still be compared to Kodiak and tied to if Kodiak has it , Sage should also. Management has always painted a good positive picture. So what will it take, finding more metals in the ground or price of metals going higher? If its finding it in the ground, hasn't KXL already done that?
So what has made these stocks move over the past few years. Has it been more buyouts than anything else? If that is the case, then i can undestand why the price is not higher. The majors will always get these companies at bargain prices. A simple question--if Sage was really something of value, it would not take much money to buy alot of stock at 10 cents a share and below. a MILLION SHARES FOR UNDER $100,000. That is not alot of money for big money. So is big money not buying, big money keeping the price down, or the story is just not compelling for big money? So what is it?? Looking forward to hearing convincing arguements for buying Sage at these levels other than averaging down.