San Gold Corporation (SGR.H.V) Buy, Sell or…

San Gold Corporation (SGR.H.V)

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BUY

Hasn't performed quite as well as he would have liked over the last several years but have hired a new president and have had great drilling success. With the new exploration, ultimately there will be a much bigger project, which will be very attractive. Very cheap.

COMMENT

Links are saying they should close down there on mine that is producing gold. Attempting to expand their asset towards the Red Lake area. They are in territory that has not been exploited. (See Top Picks.)

DON'T BUY

What is unfortunate is the dilution through the issuing of more and more shares. Got bogged down on production issues and defining the gold resource. Not enough gold to get the market really interested.

BUY

Sold his holdings when the exploration story became more of a development story. There is always something goes wrong with development stories. It's a good deposit and they are putting a lot of money into drilling it out. Thinks they are over the hump.

DON'T BUY

Small-cap gold producer expanding their resource in the Rice Lake area. He is currently short this one. Looks cheap on a resource bases but have had some operating problems and missed a couple quarters. If you want exposure here, he would recommend Sandstorm Resources (SSL-X).

BUY

Tends not to be liked be people. Is moving to the better territories to the east. Discovering assets along the way. Not a choice holding.

BUY

Likes this stock. It used to be a high cost operation and costs are going to be stubborn coming back down. Company has made some changes will a lot of new developments. Have a lot of new high-grade zone this, which will hopefully help bring up the grade. New CEO has made some positive changes.

COMMENT

Seasonality for gold starts around July 12. There have been some good technical signs that gold and gold stocks have bottomed. Seasonal strength usually goes to October, takes a one-month hiatus and then goes through into l December. Technically, the stock wants to go higher.

BUY

Manitoba gold. Interesting that gold prices have made record highs while this has had significant corrections. Was a darling for a while because they were finding high grade and increasing the size of their resource. Feels it got overvalued. Also an adjustment from an exploration development company to a producer. Current level is very attractive because of record high gold prices and the significant increase in their production levels.

TOP PICK

Gold in Manitoba. New exploration and have found some great zones that seem to line up with their existing zones. Stock price has been a little weak but the reserves and resources they have are huge. Have the infrastructure and now they have to execute and increase the size of the mine. Very Cheap.

DON'T BUY

Sold his holdings last year. Now in the phase where the question is, can they make money producing gold. So far hasn’t had much success. A “show me” story.

WATCH

There is only a handful of high quality “going into production” gold stories in Canada. This one fits that category but seem to stub their toe every once in a while. Transitioning with a new management team.

COMMENT

Really focused on building a gold mine. It was never a really tight structure that a CEO could move. Just named a new CEO. Right on the cusp now but really need somebody to drive it.

COMMENT

Not his favourite but if you like it that’s OK. Used to own.

WAIT

There are a number of parallel veins off to the side of the one they are drilling. He sold out 2 or 3 months ago because it got to the stage where they should make money. He backed away and is watching again.

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San Gold Corporation (SGR.H.V)