Yeah, best you DON'T BUY anymore SGCP till August if you're long and already have shares. Looking at the market today only firms up my sentiments earlier. Gold itself dropped again and went under $900 for a short time. It's barely above $900 now. Other gold mining companies are also significantly below their highs. Yamana Gold for example is in the $13 range, down from the $19 range only a month or two ago. Save yourself some money to see if gold conditions improve (they may continue to slide) and if SGCP delivers improved production results by August as they stated they would.
Until we see significantly improved RESULTS from the new mining equipment, there's really very little reason to shore up more shares at this time. We have to accept the possibility it could drop to under $0.01 (hopefully not,though) between now till August. Don't try to catch a falling knife and waste any more cash on SGCP speculation, wait for results. Remember that SGCP has been slow in realizing results in the past (and disappointing investors), so I don't think you'll miss out on any surprises till August. If August results look good (eg, multiples better than 3kg/month), then use the money you've saved to shore up shares at that time.
Let impatient sellers sell the next few months. Pick up the pieces in August. Keep Bugging them for financial statements too!!! Evans needs to understand running a public company means more than communicating by press releases. Financial statements are essential!
That's my 2 cents. I hope it makes sense.
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