It looks as though wpgmoney may be right–we couldn’t get the TSX listing with the March 43-101. The big delay in listing has been a mystery. The fact that this September’s 43-101 was significantly NOT ballyhooed-- and seems to indicate that several thousand ounces of gold fell off the back of a truck-- would suggest there was something amiss with the original estimate, and this one was rushed in to replace it.
It would not be surprising if SGR has, in the short term, lost its image as a solid mover and worthy repository of faith and will, for some time, wear the seedy mantle associated with over-promising politicians or used car hustlers. Believers may need three miracles a week to be brought back into the fold.
The company keeps on finding gold, and it will be a puzzle if gold does not continue to appreciate as countries attempt to inflate their way out of enormous debts.
My bet is that geology will eventually trump goofiness, but, in the long run, as John Maynard Keynes pointed out, we are all dead.
Despite the risks, it is tempting to look elsewhere. The advantages that SGR should have–positive cash flow and a TSX listing which makes it loan-worthy in margin accounts–are not, at this point, factors.
(www.lumpenbangenpiano.com)
