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Thursday, January 16, 2014 8:05:11 PM
Halfway through last year I was buying the dips on the assumption that production would be higher than the guidance offered. We got the upper end of the range, which is pretty damn good for a difficult market. But SGN is still trading well below where I did my buying. Hard to be right and lose money but it looks like 2014 is shaping up pretty good.
The other factor that should be worth a rise in share value is the company is now one full year into making payments on the debenture to acquire the new gold assets. They have no problem in paying down that debt and added some exceptional advanced projects to the mix that are NOT valued in the current share price.
I have not sold a share.
cheers!
mike
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