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

San Gold Corporation (SGR.H.V)

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COMMENT

Could be a takeover candidate. Have the new Hinge zone, which is showing some high-grade drill results. Could see another big kick in the resource side.

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COMMENT

There will be some resistance around $2.10. Above its moving averages and its 200-day moving average is above the 50. In an upside move, you'd want to see this flip around. MACD is also starting to converge. Relative strength is still showing really good upside and hasn't been overbought.

COMMENT

Moved about 250% since October. A lot of gold stocks have done this. Have gone too far, too fast. Could be a takeover target. If you own any gold stocks, now is the time to take profits because there will be a short-term period of poor 4th quarter results on their non-gold metals. Seasonality for gold is mid-November to the end of January.

BUY

The chart looks really good. Will get above its 200-day moving average at $1.34, which is really positive. Might be a little resistance at the $1.40 level and again at the $1.80 level.

DON'T BUY

There are very few in production gold mines. They are on the cusp of having 3 million ounces. One of the real exploration success stories in the last couple of years. The problem is that it is a little bit too small in this market.

COMMENT

Bought a mine in South Africa about 10 years ago and have been mining that earning just enough to pay bills and do some exploration. Did some step-out results with some spectacular drill results. Look like they will be adding significantly once they get a resource calculation.

WATCH

Operating mine in Manitoba. Not many holes in the hinge zone they found so they don't know the full size. Still a lot of work that has to be done. Needs to demonstrate that they have more than 3 million ounces that are mineable.

TOP PICK

A Top holding in his fund. Stock price driven by exploration results, which are really good. Market excited by recent results, but driven down by general market sell off. Speculative.

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TOP PICK

Likes high-grade deposits where you don’t have to move so much rock around. Hinge deposit at its Rice Lake project is looking more and more like Goldcorp’s (G-T) Red Lake find. In production now with lower grade mill feed and expect they will start showing a profit when it gets up to about 800 tons per day before the end of the year.

BUY

Has started to move. Have been pulling some great holes.

BUY

Producing now and they expect to get up to 800 tons per day and by the end of the year should be producing gold at $350 an ounce. Their mill head is around 2/10ths of an ounce. Think they should produce 35,000-40,000 ounces by the end of the year. The real story here is to increase production dramatically to 12-14 hundred tons a day. Very bullish on this one.

HOLD

Thinks that gold stocks overall are going to be pulling back for the next 3 to 6 months. Continuing to find high-grade zones. Have very good analogues to the Red Lake Camp for Goldcorp (G-T) so you may see some weakness.

COMMENT

Have an operating gold mine and last year made a discovery called the Hinge zone, which has some very spectacular gold grades in it. Have the potential to substantially increase their resource base. His only caution is that gold rose 50% from August of last year so your risk relies on the price of gold.

BUY

Likes Manitoba and thinks the market has missed it in a number of plays. This is one of the better Jr. gold plays out there. Looking for more buying of smaller gold stocks over the next year.

BUY

The deeper they are drilling down on Rice Lake in Manitoba, the better the grades are becoming.

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San Gold Corporation (SGR.H.V)