I have been getting hammered like many of you and I have tried to average down as well throughout this slide. I've had some stocks in the past do a reverse split and that basically wiped out my investment in those companies. I have a lot more money invested in this company and I would like to know from you guys, if a reverse split is a real possibility. How many shares does management have in the game?

Not sure at this point what could move this stock price up. Maybe Targets being hit? Even if that is the case, the numbers don't seem too impressive. Any thoughts?

I would like to hear something from management regarding the share price. You would think a reputable company would say something to the effect: We are well positioned to move forward, we have increased cash flow and production, blah, blah, and they believe that their is much more value than the shareprice is indicating. Maybe they are looking to get bought out at a ridiculous price.

Like you guys, I am feeling the pain, and bought some more yesterday at 0.48 and today at 0.38 thinking this has got to be near the bottom. How much lower can we go?

I am also curious to see what Traps thinks of all of this as he always has a neat way of putting things in perspective.

Thanks again, the numbers make sense now. The book value just got updated.

on those 18823 shares it shows an adjusted book value of 36864.67 (an increased cost average of $1.96) which makes sense with my mistake purchase of 5700 shares at 4.52... Again you guys assisted me with my understanding....

Rookie, you mention that free advice is just that, and not to take it too seriously. I disagree. The quality of the contributors in this forum are far more accurate than the so called experts I see on TV....You guys have been calling the markets and helped me understand the quality of this stock and the geology on the Greens. I've mentioned this before - If I listened to Nadler the last five years, I would have lost a ton of money. I have been following this forum for a few years now.

I know many of you live in or around Winnipeg and I would like to meet you guys for a dinner at Rae and Jerry's one day in the near future. Anyone up for a San gathering?

"TD has e-sevice which at yr end gives you a total print out on buys and sells for each company for tax purposes, saves one alot of time and money as all totals are done for you. Long On The GoldenFairWay. Traps7"

Totals are done in Royal Bank's action direct and sent to us in a total printout as well.

Thanks to all that replied. It is much clearer now...At the end of the year, I'll go ahead and pay the tax...and as a result of my increased book value now, I'll pay less later on future gains.

Thanks for all of your responses, and I did not mean to disuade the conversation away from actual San Happenings.

My account has been updated and now shows

18823 shares, with the same book value of 48028.07..... So my book value went up by 15000..which would mean I would pay less tax in the future....Essentially, I believe I'm just going to be paying my tax earlier instead of later, so Jefferam seems to be correct.....but just more this year......Am I now reading it correctly?

Okay, here are the numbers in my account that it is showing as of the end of yesterday to clear things up...

Before selling those 5700 shares I had a total of

24 523 shares in that account with a book value of 33417 ( A better cost average than I reported earlier at about $1.36.)

After buying those 5700 shares at 4.52 and selling them at 4.51 my account shows:

24523 shares with a book value of $48028.

My book value increased by about $15000.

Now that you guys have the numbers of this one account, maybe you can make more sense of it.

Again, Highly appreciated.