Related posts
Most Anticipated Earnings: UNC-T, DAN-X and more Canadian Companies Reporting Earnings this Week (Nov 27-Dec 01)This week’s new 52-week highs and lows … (Jan 23-29)This week’s new 52-week lows… (Dec 05-11)He would advise viewers to go to this company’s website and looking at the management discussion, which you might find interesting.
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.
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.
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.
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.
(Top Pick Dec 17/12, Down 62.04) Joined board of directors in the summer.
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.
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.
(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.
This is a gold company that has undergone some hits. Basically by a frivolous lawsuit in 2012, a one off interruption caused by a faulty weight scale and finally, the kicker was the price of gold. This is a growth company, inasmuch as they are taking production up to a target of 100,000 ounces over the next few years. He thinks it would do 40,000, maybe 50,000 this year. Good management. He will buy more once things stabilize.
(A Top Pick March 22/12. Down 51.49%.) Still likes. Production in the 1st quarter is going to look very much better than people think. Company has indicated that they are probably going to have a modest increase in 2013 in production and people shouldn’t get too worked up about this. Feels that production will be 40,000-50,000 ounces, which will give them $.25 per share cash flow which would get them to $1.25. If they can get the production of a higher, his target would be $1.50. Still buying.
(A Top Pick Feb 29/12. Down 51.92%.) His target price is still $1.50.
Produced just over 32,000 ounces of gold in 2012 and provided a 2013 conservative guidance of 32,000-35,000 ounces. Putting in a new crusher and by midyear the mill should have capacity of up to 100,000 ounces over a longer-term. Target price of $1.50.
(A Top Pick Jan 25/12. Down 30.77%.) Ran into a short-term production problem and some legal suits, both of which are out of the way now. Just reported fourth-quarter shipments of 10,000 ounces, implying 40,000+. Looking at probably 60,000 ounces which is a corporate objective. Price target of $1.50.
Scorpio Gold Corp. is a Canadian stock, trading under the symbol SGN-X on the TSX Venture Exchange (SGN-CV). It is usually referred to as TSXV:SGN or SGN-X
In the last year, there was no coverage of Scorpio Gold Corp. published on Stockchase.
Scorpio Gold Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Scorpio Gold Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Scorpio Gold Corp. In the last year. It is a trending stock that is worth watching.
On 2024-10-11, Scorpio Gold Corp. (SGN-X) stock closed at a price of $0.165.