Re: Damage Control
in response to
by
posted on
Sep 19, 2010 12:41AM
(Edit this Message from the "Fast Facts" Section)
GoldBandit,
Those of us who were at the meeting have a much clearer picture now, and probably a much clearer picture than you. SFMI was in fact processing at the rates mentioned in the PR, but found the extraction was not efficient. They scaled back to maximize efficiency, and are now tweaking and tuning to raise the rate while maintaining efficiency. There will also be other changes and additions to the mill that will increase capacity. Yes, it was disappointing to hear the lower numbers, but it also became crystal clear that SFMI is executing their game plan methodically and properly. I'm the first one to agree that SFMI should be clearer and more informative in their PRs, but don't think that translates into a lack of execution of their game plan.
There will be some who will dump because they didn't hear the numbers they wanted, but from what I gathered at the meeting none of those will be people who attended the meeting. If any dumping of shares does occur, those who attended will in fact be there to scoop them up. What we saw and learned at the meeting was not "new", but it did intensify and solidify our belief that this is going to be a phenomenal story. I heard nothing but plans to either hold or buy even more shares. And this is from people who for the most part already hold multiple millions of shares.
spiny