Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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Message: Managed

Managed

posted on Nov 26, 2009 08:54AM

i have been a big supporter of sgx from the early days, but in retrospect things have been managed badly

The stock was doing well they had cash and they took many risks, eg drilling the BIG M which they hyped up good with no initial work and drew blanks

They spent 2 summers drilling Jacobus nickel and than Onoman and have nothing to show and no plans a JV would have been appropiate

Gave Atna a bunch of shares for Nevada renewed leases extended options than dropped the whole thing

Recently the Kerrs deal does not make sense to me

This past year i can,t understand with limited cash how they could drill 3 properties at once with hopes of drilling again without diluting some more

As of late these guys have also been telling investors what they want to hear and maybe not reality , drill results pending news any day for months and nothing yet , there is no back log at labs

heres hoping the worst is behind us

its a holiday in states i hope they don,t release news today

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