Sage Gold Inc.

60% Clavos gold mine (produced in 2007), Timmins (SAS-t); +150,000 acres in Beardmore-Geraldton. Further exploration on Pillars, Paint Lake, and Golden Extension. Identify and acquire new property with near-term production potential.

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Re: pp

Sage Gold Inc.

almost 15 years ago

in response to w6w9t8015's message

"the company led us to believe they had enough cash with puma deal for 2010 they basically burned through 2 .5 million and maybe more in the past 3 months"...

Completely agree... they did... therefore, if they now have the need to go back to the market for money it had better be in combination with some other extraordinary event that does actually make people take notice and justify spending everything in such a short period of time IMO... I really hope they would not burn through this money so quickly for no reason...

This makes me think... why would SGX spend so much money sampling etc. so many of their regional properties in a relatively short period of time... we have never seen this extent of exploration by SGX in the past... why did they feel the need to justify picking up the property they did?... pre-requisite for next financing, JV, etc?... why do all of the very preliminary work rather than more follow-up drilling at Paint Lake, for example?... IMO they wanted to/were required to demonstrate potential to someone... who and why are the questions...

red911