Replies to post #8105 on Santo Mining Corp (SANP)

[sarshee]

I would have to move to about $1.45 for me to break even. lol
I saw a write up in an oil and gas investment letter that spoke highly of Santo Mining Corp, bought it one day and it dropped like a rock starting the next day. lol I think I bought at the absolute high and held on thinking there may be some kind of reversal with the kind of article I had just read. Instead it just kept dropping until there wasn't any reason to sell, just hold on and hope for a change for the better.
I couldn't understand why they kept buying more property and just tried to develop at least one. It appeared they had some in good areas with a chance to mine and produce from at least one decent property. They always bought next to producing mining properties. jmho

browndawg

[Necropolis]

@Richard Perry - Lurch16 seems to think that there's a correlation with the gold price. so my guess is as gold price slowly rallies SANP will rally. But also bear in mind that SANP is a mining company and as a mining company it could mine any thing it wants at its properties. I think that a thousands of tons of pay dirt have been removed already and there could be "un-sold Inventory" and eventually sold inventory meaning Revenue. There could be just as much money in the iron and copper and other minerals businesses on SANP's properties.