posted on
Dec 06, 2011 11:47AM
Welcome to the Silver Falcon Mining HUB on AGORACOM
(Edit this Message from the "Fast Facts" Section)
Message: Re: spiny
There's a big difference between management carrying out their business plan and management keeping us informed about the situation. From experience, we know that the PRs and other information we get are poor at best, misleading and dishonest at worst. Most of us are able to see beyond the PRs and look at the fundamentals, but potential investors may look just far enough to see that the company has a history of seriously misleading investors. That affects the sp in two ways- it scares off new investors, and at some point convinces some who would otherwise have been longs to get out. Take a look back at the share price history- Every significant drop has occurred after a PR that was either poorly written or confirmed that what we had been lead to believe in previous PRs was wrong. The drop in sp after the 2010 SHM happened when we were told the mill was doing 40-70 tpd when a PR just before the meeting had said 125 tpd. The most recent sp drop occurred after the 1 g/t number for the waste ore came out- after a PR had said initial numbers for the mill were .75 oz/t. I have faith in management making this company hugely profitable, but little faith that we will get timely or accurate information. That's why we need some hard numbers and substantive PRs.
2 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply