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Sage gold


Wink23

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Hi I am new to the site and there seems to be lots of interesting discussions as well as experienced investors here.

 

I was wondering has anybody on this forum taken a look at or invested in Sage gold? It is a Ni/Cu/Au mineral exploration company in the Americas. It is still in its early stage of exploration and has properties in Ontario, Quebec, and Nevada. Recently its drill results show a finding on its Jacobus property including a 0.4 to 1.0% grade on its Ni/Cu discovery. After this news release the stock price took a sharp drop over the past week. I am assuming these grades not the best, (maybe decent), and I suppose a gold company needs to discover some high grade gold inorder to move the stock price.

 

I was wondering what is anyone's take on this company, does this company has potential to grow with its current management team, properties, and past discoveries on its numerous properties?

 

I look forward to some enlightenments in this forum.

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hmmm........quite a haircut; looks like someone triggered a load of stoplosses on fri by dumping a load of stock; will it recover? probably but cant give a time; it might even fall more

these posts by ronnycash on sockhouse might help with your dd

http://www.stockhouse.com/bullboards/userv...ernumber=532675

in general, be sceptical about this board on sockhouse - even about ronny

its interesting to compate sgx wwith kxl

http://finance.yahoo.com/q/bc?s=KXL.V&...q=l&c=sgx.v

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  • 1 month later...

at a quick glance looks like a good result

http://www.marketwire.com/mw/release.do?id=827148

Feb 29, 2008 Sage Gold Inc.: Lynx # 1 Drilling-5.56% Cu, 153.2 g Ag/T and 2.30 g Au/T Over 6.5 Metres

Sage Gold has completed the first five holes of its winter drilling program on the Onaman property.......

also encouraging comments on the onaman (big m) and jacobus properties

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at a quick glance looks like a good result

http://www.marketwire.com/mw/release.do?id=827148

Feb 29, 2008 Sage Gold Inc.: Lynx # 1 Drilling-5.56% Cu, 153.2 g Ag/T and 2.30 g Au/T Over 6.5 Metres

Sage Gold has completed the first five holes of its winter drilling program on the Onaman property.......

also encouraging comments on the onaman (big m) and jacobus properties

 

Thanks for your reply. I understand the overall market sentiment is going down. I am just wondering how long this trend will continue and what effect it may have on the junior exploration market; especially Sage. Can good news turn this company around. Does the increase in gold and other commodity prices play a major role for this company. For now, I don't see a big effect, nor a lot of buyers are rushing to junior gold exploration company. What do you think of this company and its portfolio of properties? Sage is going to drill 22000 m in Beardmore Geraldton area, if they hit gold, how much gold do you think it takes to turn this into a 10 bagger?

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