San Gold Corporation (SGRCF)

[goldenpolarbear]

IMHO, this is far from the end for San Gold but it is in real financial trouble that Greg Gibson is working hard to get the entire San Gold team out of.

If the miners pull off a miracle and start immediately mining gold profitably; this will all just be a short lived nightmare! If not this company will be sold and it is highly unlikely the shareholders will see a dime unless San Gold is sold for a pretty profit which is extremely unlikely. Absolutely, nobody will pay much for an unprofitable mining project even if there are millions of ounces of gold.

I just hope the San Gold miners are pros at working with that frigid Canadian weather?

I think the probably frustrated miners would have a much better chance in the spring or summer at mining profitably but time is NOT on their side so the San Gold mining Team needs to hit one to at least third base this quarter or Chapter 11 is right around the corner along with Care & Maintenance ETC... So they will all have lots of time to think about what went wrong if this falls into a lengthy Chapter 11

Time to burn the midnight oil and get to work or... Else ...

Cheers,
GPB

PS The pressure is ON!