Wednesday, April 23, 2008 11:54:31 AM
SGCP's been like a falling knife lately. Anyone who bought the past month or two is now under. There's no telling if the price drop has reached bottom. There's nothing much we can expect in the months ahead till August (except the 3 kg/gold per month). Sellers tend to be impatient, so they will probably continue to sell sell sell in the next month or two if there is no activity (otherwise they will sell when we buy more and raise the price like you said). I expect the stock will bottom out after a few months (after impatient sellers sell out), then those of us who want to build positions can do so as more substantial progress is reported in Aug. No use throwing away more money at this time unless you know any good reason why the stock will jump up in the near future. If you do, do share!
The only news updates I'd expect are what we've already been told. Nothing substantially new to expect till August (thus nothing worth buying into till increased productivity is confirmed):
- Equipment shipped (by May 1st)
- Monthly April alluvial progress (hopefully around 3 kg)
- Equipment received (end of June)
- Monthly May alluvial progress (hopefully still around 3kg, maybe less due to rain)
- Equipment installed (end of July)
- Monthly alluvial progress (decreased due to rainy season)
- Increased production volume from new equipment (Aug)
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