Stockchase Opinions

Peter Brieger Scorpio Gold Corp. SGN-X COMMENT Jun 26, 2017

He would advise viewers to go to this company’s website and looking at the management discussion, which you might find interesting.

$0.055

Stock price when the opinion was issued

precious metals
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PAST TOP PICK

(Top Pick Jun 26’12, Down 68.75%) Great management Team. They have a plan to increase reserves to a million oz and production to 100 thousand oz. He has full confidence in him.

COMMENT

As a new director of this company, he is limited as to what he can say. However, if you go to their website, you will see 2 very important announcements. One is relating to exploration results on an adjacent pit to one they are mining. The other is the production rate in the 2nd quarter.

COMMENT

This is a company that hopes to develop a small mine and build a bigger company based on cash flow. He sees this as a reasonable group of people and a reasonable small project but, as a consequence, he sees no real reason for him to own it.

PAST TOP PICK

(Top Pick Dec 17/12, Down 62.04) Joined board of directors in the summer.

DON'T BUY

Gold is out of favour. It could get the push with all the other base metals. Chart shows a bit of a breakout so it did overcome previous resistance. Does look like it’s on its way and it could benefit here but there are better plays out there. Would not pursue this one seasonally.

COMMENT

He is a director so it limits what he can say. Go to the web site. He purchased 250,000 shares this week. He doesn’t see an impetus for gold except that India may issue Gold-backed bonds. This could change a lot of people’s attitudes toward gold.

COMMENT

Being a director with this company, he is limited in what he can say. Very keen on the company. If you go to their website and look at what has been said in the last 3-4 months, you will get a picture of why he is enthusiastic.

SELL

His inclination in most of the small gold companies is that they have had absolutely spectacular moves over the last 12 months. If he owned, he would take the money and be very happy with that.

COMMENT
It's a 10 cent stock, when even the big companies aren't doing well. If you like it, sure go ahead. But there's nothing he can add.