Re: This and that
posted on
Mar 13, 2012 02:48PM
(Edit this Message from the "Fast Facts" Section)
Pic- We all know the paranoid reference was at least a bit tongue in cheek. However, we all know that there is a long history of not being told things, of being told things that aren't true, and of being told things in ways intended to make them seem better than they are, or to be intrerpreted in wrong ways. No matter what the sp is, that is still wrong.
As for the March show, I agree that they will have to have some positive news before then, because the recent news is not good. Revenue is lower than expected based on what we were told. The mill expansion we thought was imminent is irrelevant unless they increase the low efficiency we were NOT told about. In fact, we will probably have to wait for more permitting and the addition of the extra circuit just to bring it up to where we thought it was based on what we were told. Frankly, they're running out of possible positive news to put out before the show and tell. What good news could they have? Change in BOD? Good, but why did it take so long, and why were those people on the BOD in the first place? Financing? Good, but financing has not been a problem. It would be nice to have some non-dilutive financing, but at this stage it's not as critical or as positive as it would have been a couple hundred million shares ago. New person in charge, especially someone with mining experience? Again, someting that should have been done long ago, and something that is minimum standard in the field, not something that makes SFMI stand out. Blasting permit? Gee, I hope so. The potential of WEM is the only thing SFMI has that makes them stand out now in a crowded field (a 20% efficient mill that doesn't cover operating costs doesn't count), so drilling and assays are what we have to pin our hopes on now- and for maybe another year or so.