Why the SFMI price is low
posted on
Sep 27, 2011 01:43PM
(Edit this Message from the "Fast Facts" Section)
In the last paragraph in the preceding posting by GSFL he attributes the low price to PQ and CQ.
I think the reasons are these: 1.SFMI has obtained 42 new claims on WEM. PQ probably wants a low image while he scoops these up at low cost before Kinross or others try to get them for themselves.
2. The plan for a buyback of outstanding SFMI shares from 15% of sales proceeds has been confirmed by recent feedback from ASM attendees,& will get a lot more shares at 8 cents than .25 or more. We will soon, probably in November, be selling whatever is refined in Abu Dahbi and a low share price will help.
3. We now have a large SECURE underground vault being installed . A deliberate low image may have protected our large stockpile of valuable concentrate from being stolen.
4.Incomplete , unclear, confusing press releases ENCOURAGES bashers and doubters and keeps the price down. The managers are not dummies and know how to write clear stimulating PRs if they wanted to.
Now, all the foregoing may be changing . Note 3 press releases and the start of the "New to the Street" videos .As soon as the dore bars are shipped and sold the price will rise. These are smart guys and have reasons for what they do . Have faith , be patient and listen to "the still small voice " This work is blessed and will prosper. LINDY