Since January 5th, 2009...

Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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red911

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Since January 5th, 2009...

posted on Oct 02, 2009 03:34PM

Since January 5, 2009...

Almost 128 MILLION shares of SGX have traded on the public market... ALL at prices no more than 9 cents... that's almost exactly 1/2 of the number of shares outstanding... the trend has been down and there has never been large short position so there has not been many opportunities for profitable trades...

IMO since I believe about 35-40% SGX shares are/were held by insiders/Kinross/institutions/funds etc... 128 million shares (~50%) is alot of churnung... that's my point from this AM... when is this going to end?... we are not sitting here with no trades... shares are being traded... massive numbers of them since the beginning of the year... ALL at prices less than 9 cents... how long can we continue to churn away at these prices?...