When will this dilution end?
http://www.theglobeandmail.com/globe-investor/news-sources/?date=20120223&archive=ccnm&slug=201202230768815001
San Gold Announces $15.0 Million Private Placement
Funds to Advance Rice Lake Exploration Programs
Thursday, February 23, 2012
WINNIPEG, MANITOBA--(Marketwire - Feb. 23, 2012) -
THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES.
San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) (the "Company") is pleased to announce that it has entered into a letter of engagement with Primary Capital Inc. and a syndicate of agents (the "Agents"), under which the Agents have agreed to offer, on a guaranteed agency private placement basis, 7,150,000 flow-through common shares (the "Flow-Through Shares") of the Company at a price of $2.10 per Flow-Through Share for total gross proceeds to the Company of $15,015,000. Under the agreement, the Agents have an option, exercisable at any time on or before the second business day prior to the closing date, to offer up to an additional 2,390,000 Flow-Through Shares for $5,019,000 in additional gross proceeds.
Closing of the offering is scheduled to occur on or about March 15, 2012. All securities issued will be subject to a four month hold period. The offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.
The net proceeds will be used to continue exploration and development on the Company's Rice Lake property.
These securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
Thursday, February 23, 2012
Wildcat and San Gold
Thought I would share a map of the Rice Lake area that clearly shows the staking claims of Wildcat (WEL.V) and San Gold (SGR.T) among others.
Monday, January 30, 2012
The great humiliator
The Great Humiliator is what Ken Fisher calls the markets. You think it will go one way, and woops..the opposite is what it does.
Will it be any different this time? At the present time, pessimism is ruling the markets but if everyone who thinks it will drop is already out, who is left to sell?
Maybe it is different, and I'm just bouncing a few ideas around here. If everyone looks at the charts, and they all know how to read them, then that's the day when it will no longer work! Perhaps it's time to look at fundamentals rather than the VIX, or SPX or any other chart.
2012 is the year for a presidential election and I'm quite sure that Obama does not want to leave a legacy of broken markets, high jobless numbers, bailouts for the bankers and leaving poor Joe in the cold.
This might be the final year for the market..PERIOD, but I for one don't believe it will be a negative year. With low interest rates, the only decent return you can try to get is in the market or bonds. GIC's don't even keep up with inflation so you're actually getting a negative return on your money. One thing I should mention is that there is NO downside to GIC's, so just by avoiding any slide or correction in the market you can end up ahead. I know that over the years we would have been so much farther ahead just buying GIC's! But that's another topic.
Right now, I think that the markets are going to move back up. SPX could correct to the 1260 range, and a move over 1350 gives a target of 1600.
The TSE is currently neutral, but a move over 12500 gives me a target of 13500, which could be higher depending on what precious metals and the price of oil do.
During the latter part of 2012 it is very likely that more baby boomers will begin to retire and withdraw from their funds and retirement accounts. This will be the beginning of a long slide, but we're not there yet.
One thing I should mention is the price of gold. I see numerous ads to "buy your gold"!, "are you in the gold market"?, now's the time to buy gold! etc. What if..and this is just hypothetical, but what if we are ALL being set up? What if, they're waiting until just about everyone is in the gold market (which hasn't happened yet) and then they tank it hard, and I mean hard.
That will be the final nail in the coffin for Joe, and every other working class citizen because by then, the Fed will own all the banks, all the industry, all the real estate, all the homes and then they'll get your gold.
At least they can't get our souls?? or can they? ;))
Good luck trading because these are difficult times on wallstreet.
Will it be any different this time? At the present time, pessimism is ruling the markets but if everyone who thinks it will drop is already out, who is left to sell?
Maybe it is different, and I'm just bouncing a few ideas around here. If everyone looks at the charts, and they all know how to read them, then that's the day when it will no longer work! Perhaps it's time to look at fundamentals rather than the VIX, or SPX or any other chart.
2012 is the year for a presidential election and I'm quite sure that Obama does not want to leave a legacy of broken markets, high jobless numbers, bailouts for the bankers and leaving poor Joe in the cold.
This might be the final year for the market..PERIOD, but I for one don't believe it will be a negative year. With low interest rates, the only decent return you can try to get is in the market or bonds. GIC's don't even keep up with inflation so you're actually getting a negative return on your money. One thing I should mention is that there is NO downside to GIC's, so just by avoiding any slide or correction in the market you can end up ahead. I know that over the years we would have been so much farther ahead just buying GIC's! But that's another topic.
Right now, I think that the markets are going to move back up. SPX could correct to the 1260 range, and a move over 1350 gives a target of 1600.
The TSE is currently neutral, but a move over 12500 gives me a target of 13500, which could be higher depending on what precious metals and the price of oil do.
During the latter part of 2012 it is very likely that more baby boomers will begin to retire and withdraw from their funds and retirement accounts. This will be the beginning of a long slide, but we're not there yet.
One thing I should mention is the price of gold. I see numerous ads to "buy your gold"!, "are you in the gold market"?, now's the time to buy gold! etc. What if..and this is just hypothetical, but what if we are ALL being set up? What if, they're waiting until just about everyone is in the gold market (which hasn't happened yet) and then they tank it hard, and I mean hard.
That will be the final nail in the coffin for Joe, and every other working class citizen because by then, the Fed will own all the banks, all the industry, all the real estate, all the homes and then they'll get your gold.
At least they can't get our souls?? or can they? ;))
Good luck trading because these are difficult times on wallstreet.
Monday, January 16, 2012
San Gold's spin off asset rising
San Gold holds over 20 million shares of SGX resources, acquired at .13 cents. San gold also holds 50% of the Timmins north properties with SXR the other 50%. This was the spin off of San Gold's properties into a separate Timmins exploration company. Seems the market has missed this move in SXR, and I think SGR should move up along with SXR.V? or am I missing something here.
Last trade on SXR is .50!
Last trade on SXR is .50!
Thursday, January 5, 2012
Surprising news today from Wildcat!
Wildcat was drilling for nickel on the Burntwood property in Thompson Nickel Belt and found GOLD! Not a long intercept, but very high grade. 152.5 g/ton over 1 metre. This result was confirmed with a re-assay which graded 145.5 g/t gold and was further supported by the observation of native gold within a smoky-grey quartz vein and along the enveloping wall rock.
Wildcat Exploration Reports Drilling Assay Results from Burntwood Project in Thompson Nickel Belt, Manitoba
Wildcat Exploration Reports Drilling Assay Results from Burntwood Project in Thompson Nickel Belt, Manitoba
Wednesday, January 4, 2012
Monday, December 19, 2011
Some very old trading advice
Jack be nimble, Jack be quick, Jack jumped over the candlestick. ;))
In today's market it just doesn't make sense to buy and hold. My portfolio has taken a substantial hit these past couple of months, with the greatest drop in the last 2 weeks. Gold needs to hold $1600, and all signs point to $1440 on the downside if that level doesn't hold. As I write this, gold is at $1590.
In Canadian dollars, gold is at $1648 C$, which currently places Canadian miners in a sweet spot.
Choose your favourite miners and begin accumulating when those stocks settle down and it appears to be consolidating. The period leading up to Christmas and New Years is a quiet one with very low volume. Trade carefully, and invest wisely.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p52772616999
Until we get a clear signal for the upside, be like Jack, nimble, quick and buy higher when a stock begins uptrending.
Merry Christmas to everyone, and here's to a healthy, happy and prosperous New Year!
Cheers
In today's market it just doesn't make sense to buy and hold. My portfolio has taken a substantial hit these past couple of months, with the greatest drop in the last 2 weeks. Gold needs to hold $1600, and all signs point to $1440 on the downside if that level doesn't hold. As I write this, gold is at $1590.
In Canadian dollars, gold is at $1648 C$, which currently places Canadian miners in a sweet spot.
Choose your favourite miners and begin accumulating when those stocks settle down and it appears to be consolidating. The period leading up to Christmas and New Years is a quiet one with very low volume. Trade carefully, and invest wisely.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p52772616999
Until we get a clear signal for the upside, be like Jack, nimble, quick and buy higher when a stock begins uptrending.
Merry Christmas to everyone, and here's to a healthy, happy and prosperous New Year!
Cheers
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