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Gold/Mining/Energy : St. Genevieve Resources (SGV.T & SGV.M)

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To: Walter who wrote (127)4/9/1998 4:20:00 PM
From: Perry  Read Replies (1) of 140
 
What I was trying to say was, PG must know something we don't and has reasonable expectation of a positive future. However, he can't raise any money or secure any loans because everyone else thinks SGV is done. He could sell his 15% (maybe$500,000) and take some rightoffs now. Or he can wait and get nothing.

Why is he so determined in keeping SGV afloat under these dire circumstances (no revenue, no staff, no backers)? Is it worth the effort? Does he expect to continue to receive a large salary even if the company makes no money? Something doesn't make sense here.

Just my thoughts.
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