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Message: Re:lack of news
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Jan 03, 2012 01:53PM
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Jan 03, 2012 02:11PM
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Jan 03, 2012 02:20PM
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Jan 03, 2012 02:27PM
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Jan 03, 2012 02:31PM
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Jan 03, 2012 04:51PM
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Jan 04, 2012 02:39PM
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Jan 05, 2012 12:37AM

Jan 05, 2012 12:12PM
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Jan 05, 2012 06:10PM

The problems with lack of information and misinformation from IR go way back to the very beginning. For example, when the mill was being built in Melba, the PRs were all positive about imminent production right up until the time it was announced they would build the mill at the Diamond Creek property instead. The PRs have always been full of exaggeration and weasel wording, such as over a year ago when the first payment to GHDC was made with "proceeds from the historic tailings", or after the mill started up and a PR said "Preliminary recovers during the testing mill phase has shown 0.75 oz per ton precious metal values". No, the present lack of accurate info is not new, and not related to any financing. It's simply consistent with the way the shareholders have been treated from the start.

And BTW, the price that Centurion pays is determined for each individual block of shares by the price at the time. It's a complicated formula based on an average over time, but SFMI knows when they announce the put what the minimum possible price would be. I seriously doubt that Centurion would be paying any near as low as .045 for every block of shares over the entire two years- if the LOC is even needed during that time.

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Jan 05, 2012 07:25PM
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