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Re: None

Tuesday, 08/12/2014 11:51:27 AM

Tuesday, August 12, 2014 11:51:27 AM

Post# of 1856
They also increased their 2014 production guidance and are heading in the right direction, especially with gold heading in the right direction. Good buying opp, imo.

"The Company has made tremendous progress in reshaping itself over the past four months. We have a new mine plan in place that provides us with clear, achievable targets and a direct path to profitability. We also have a significant opportunity ahead of us, with multiple high- grade gold projects in mining friendly jurisdictions in need of this kind of turnaround. The Kerr transaction in particular would allow us to leverage the knowledge and skills already developed at Rice Lake to restart the high-grade Copperstone mine with little capital requirements," said Greg Gibson , San Gold's Chief Executive Officer.