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San Gold Corporation Message Board

  • ny86metsfan ny86metsfan Sep 21, 2012 7:41 PM Flag

    What happened to this stock??

    Can someone please inform me about why this stock has gone down from $3 to $5 area from 2010?

    I maybe looking to get in. From what I see, this company is ramping up production and has no debt. They have other possible growth areas but they have over 300MM shares outstanding.

    Maybe not many analysts and investors follow this company?

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    • Same thing that happened to a lot of the other Gold Mining Stocks in 2012. Gold prices have languished for over twelve months and various negative news reports from the company during the year really punished this stock. 2013 should be a breakout year for Gold given the rise in US Government Debt and the continued pumping of the money supply by the Fed. Assuming they have some good news this stock should roar in 2013.

      Sentiment: Buy

    • gluze Nov 6, 2012 11:28 AM Flag

      Nobody knows. But they have a lot of stock dilution for a company with their size of reserves. They've used that to finance their drilling and acquisition projects. The dilution and low PPS keeps out institutional investors in my opinion. However, if their expansion efforts bear fruit they'll be worth a lot. Especially if the price of gold increases substantially. This could be a home run or a black hole.

      Sentiment: Strong Buy

0.00020.0000(0.00%)Nov 27 9:44 AMEST