This should tell you something.....regardless of what is going on, he is still buying!!!!

http://www.forbes.com/sites/afontevecchia/2013/08/15/hedge-fund-billionaire-john-paulson-lost-736m-in-second-quarter-gold-bloodbath/

Interestingly, Paulson doubled down on Freeport McMoran, taking his stake from 9 million shares at the end of the first quarter to over 15 million by the end of June. The investor took the tumbling stock price as a buying opportunity, with Freeport down more than 10% in the quarter (while the broader market gained more than 3%), yet the market value of the position he sat on by the end of Q1 fell in value by $49.4 million.

Novagold was an even worse performer. Paulson also increased his stake, very marginally, to 35.9 million shares, yet he lost more than $50 million on the stock. Smaller positions in companies like Agnico Gold, Allied Nevada, Goldfields, and Iamgold all caused losses in excess of $10 million each. The billionaire held calls for 360,000 shares of Barrick Gold by the end of the first quarter which were gone by June 30.

John Paulson may have reduced his massive position in GLD, but he doesn’t appear to have backed off gold.

No biggie. ALl I can do right now is 250k!! lol I have already poured HUGE into SAGD. Now just being patient.

It will work!!

Why don't each person buy 250k shares!! Let's go!! Who is with me?? If we want it to get out of the .0011s then we have to do it ourselves!!

GO $AGD!!!!

Will do!!

I feel that Ray is just waiting for the price of gold to rise just a lil more. Shoot, I would want to get the most for gold too!

I agree. I used to buy at the bid (many moons ago). I wasn't getting the shares I wanted. So I went for the ask and I get them all, all the time.

That is what I have been doing. I get more money tomorrow, so you can best believe that I am buying more. 3.5 million more till I reach my "share goal."

They talked to Ray and he told them to come down to South America.

Dear Ray,
August is a few days away. Tell me something good.

Sagd'er,
4eva

New Gold Rush season (Aug 2nd)

Quarterly news due in Aug

Hopefully. I will be buying more next wk!

Just picked up another milli. Get them while low cause you will be pissed when high.

I am holding for higher than that. I am holding till I can't hold anymore!! I am not going to be greedy but I am not going to be stupid as well. I am not missing this train. I just hit 10 mil this morning and going for more. Once news hit, we will see where it will go. We have been here for some time now.

Go $AGD!!

Feel like giving a few to me?

Right now I am at 9.6 million. I am gonna reach my goal of 10+ million today.

GO $AGD!!

Right now I am at 9.6 million. I am gonna reach my goal of 10+ million today.

GO $AGD!!

Next report due in august. 10q

Call me crazy but I am riding this till the wheels fall off!! You are right though. That is the initial plan but I am holding long term. If Ray can do to SAGD, what he did to those other stocks, I will retire.

I need more shares.....who wants to give me their shares at .001-.0011??

Those hits are mine. I got $5k left and picking up more.

I agree. Ray is usually on time and he keeps his word. I keep realistic expectations when it comes to Ray. I must say....the man knows his stuff. I am sitting back, watching, and waiting. SAGD is going to make me a wealthy man. Good luck to all.

Go $AGD!!

Quarterly report due in August.

Yup I agree with you. That is what I plan to do. It won't be at these levels long so I am rushing to get'em.

It gives myself and others a chance to load up more!

Hey VI. Nothing much. Trying to get to the 10+ level. If all goes well, tomorrow should put me upwards of 8 million. I just want to get to 10 milli before it takes off.

4eva

Anyone have over 10 million shares?

Quarterly report due next month??

GREAT READ:

Doji Candlestick info

I agree. Normally, I would've sold off by now but I am not going to miss another one. Patience pays!!! This will take off when we least expect it!!

GO SAGD!!! $$$$$$$10000%$$$$

I agree however, I have both feet in. I am trying to load when I can. Just need 7 million more shares. lol I have been in other stocks and pulled out due to lack of patience. They shot up as soon as I pulled back, like a day or two later. That is why I am all in and not looking back. I have to see Ray work his magic. He did it before, I feel that he can do it again. I just want to reach .03 (short term). I am being realistic. With Ray, I feel that he will try to take the price wayyyyyy higher than that. Hell, I am all for that too!! I will not complain one bit!

Yes I agree. I am a LONG in SAGD!!

GO SAGD $$$

Are you in Cleve?

I did sell at a higher price but now I have more shares of SAGD than before!! :)

Better hurry!!! You are not going to be able to get much more under .002!! They go quick!! I am buying more this wk! Sagd is about to start its engine!!

SAGD = $$$$$$$$

Me too!! I am trying to get more 15-16s. I want atleast 1-2 million more!!

Haha!!! I agree!! I got this gutt feeling that we will blow past .01....why? idk but I have that feeling....smh! Ray, it is time to show up and show out!!

GO SAGD!!! $$$$$$$

GB Mining Prospect Update taken from May 16, 2013 report....

South American Gold is pleased to provide an update to on-going exploration work being conducted at the GB-2 unpatented mining claims covering approximately 200 acres in Yavapai County, Arizona. Field geologist recently completed site work with further work planned for the summer months. Included in this work was consideration of expanding the Company’s land position in the area.

The prime exploration targets are the identified breccia pipes on the project for which sampling is projected to be completed during our Phase I activities. The recent field work program had an objective to determine the presence of gold and silver values at surface, plan follow-up sampling including of specific breccias pipes, preparation of logistics and determine permitting required for the balance of the Phase I activities. These objectives were accomplished during the recent field work. The sampling program included taking ten pound surface samples spaced fifty feet apart over a two hundred foot width, two inches deep, over an estimated one to five foot width per sampling area. This sampling effort returned an average of .06 ounces of gold/ton and .40 ounces/ton of silver, and this effort is planned to be expanded to cover more territory of the surface to identify future drill targets in addition to the identified breccias pipes. We have not estimated the tonnage potential of this area as our prime targets remain the breccias pipes at depth. This zone, contained altered intrusive rocks, extending uphill over a visible distance of 400-600 feet. These results are considered positive indicators of the potential for higher grades at the intersection with the breccia pipes at depth, and the consistency of the presence of gold values in the zone area surveyed. Samples were assayed at Chris Christopherson Inc, an umpire assayer based in Kellog, Idaho.

This sampling program revealed the two hundred foot dike-like altered northeasterly-trending zone which evidently may be a feeder zone of the hematitetic red-brown Breccia pipe #6 observed but as of yet unsampled. Further sampling is required to determine conclusively the significance of this potential feeder zone.

Further sampling is planned for the summer work season, additional mapping work, and preparation of more advanced exploration determining initial drill targets. This work will also include a preliminary consideration of exploration permit requirements which may include the preparation and filing of a Plan of Operation (POO) with the B.L.M. including possible road construction.
• Our next site visit will specifically target completing the breccia pipe sampling program.

Anything under .002 is a serious STEAL!! I am loading bit by bit. I hit the ask a bit on thursday, friday, as well as today. Get'em low while you can. As you can see, there is almost none available at these prices. This is going to fly. It takes literally, nothing for this to move. Watch and see.....once news come out about what they have been doing and/or found, this will shoot up so quick. People are going to be rushing to try to get low shares, but it will already be too late. Ray is a good CEO with many years in the field. I have faith in him. Read this about the company and staff: http://www.otcstockreview.com/sagd.htm There is nothing but great things to come. Read Ray's bio:
Mr. Raymond K. De Motte, Ray has been the President and Chief Executive Officer of South American Gold Corp. since September 3, 2010. Mr. De Motte has been the Chief Financial Officer of Kimberly Gold Mines, Inc. since 1999. Mr. De Motte serves as the Chairman of the Board of Castle Creek Silver, Inc. and has been its President since July 2008. He has been Controller and Financial Manager of various international corporations since 1984. Mr. De Motte has been Vice President of Business Development of Boulder Hill Mines Inc. since June 2008. He served as the Chief Executive Officer of Sterling Mining Co. from 1998 to January 2009 and its President from 1998 to May 2008. He has over 28 years of experience working for companies such as The Bechtel Corporation andMcKesson Corp. Mr. De Motte has more than 15 years of experience in exploration, operations and management of various mining companies. He served as the Chairman of Sterling Mining Co. Mr. De Motte has been Director of Kimberly Gold Mines, Inc. since 1999 and South American Gold Corp. since September 3, 2010. He has been Director of Silver Fields Resources, Inc. since March 16, 2010. He has been a Director of Castle Creek Silver, Inc. since July 2008. Mr. De Motte serves as Director of Wescan Uranium, Inc. He has been Director of Boulder Hill Mines Inc. since June 2008. He served as a Director of WestCan Uranium Corp. since January 19, 2010 until April 2013. He served as a Director of Summit Silver Mines. He served as a Director of Sterling Mining Co. from 1998 to February 2009. He serves as a Member of the Geological Society of Nevada, the Northwest Mining Association and the American Philatelic Society. He serves as a Member of the Canadian Institute of Mining and Metals and the Society of Economic Geologists. He serves as a Member of Society of Mining Engineers and the Canadian Institute of Mining and Metallurgy. Mr. De Motte holds a Bachelor of Science in International Business Administration from the British American College London and a Master of Business Administration from Golden Gate University in San Francisco, California.

GO SAGD!!! $$$$$$$

What was Champ's opinion about the R/S? Very curious...

Thank you

4eva