pure gambling..., page-13

Apart from the abysmal POG at the moment, the unfortunate problem keeps coming back to costs...they are too high, there are other producers knocking out Gold at $500 ounce. SAR have failed to contain costs, it may simply may have never been possible.

I believe Timber7's earlier post is correct regarding the hedge. All is not lost by any means, Share markets are looking shaky, anything could happen with the price of Gold over the next month, you might be sitting here with a POG of $1700 lamenting why you did not buy more SAR shares when they were cheap, I certainly hope so.

I think most private holders are committed at the current price to holding on, if so good luck to you all. Not much consolation, but you really don't know where Gold might be a month or two down the track, markets are irrational,lets hope SAR can weather the current storm and management can come up with some damage mitigation schemes.

DYOR, I make wild guesses