PERSPECTIVES . . .
posted on
Mar 24, 2012 09:57AM
(Edit this Message from the "Fast Facts" Section)
I have owned SFMI since early '08, and have followed this forum since that time as well. I read every post here, but post infrequently because my knowledge of mining is very limited and my many business constraints leave me little time for composing thoughtful, intelligent discourse.
After reading all the shared thoughts over this past week, however, I noticed a broad spectrum of perspectives offerred. I also noticed several posters (and you know who you are) attacking one another and wondered why our hub leaders are letting them get away with that unchecked. We don't want to hear that crap, so just take it out to the parking lot, would ya? No one is more frustrated than I over the management gaffs that have put many of our holdings in the "red," but I have to agree with PIC (and others) in saying that we need to "keep our eyes on the prize" and not let negative sentiment take over this board. As illustrated over at I-scum, that cannot produce anything but garbage.
In that spirit, I have to take issue with SINBOB's negative posts on 3/21 listing all those NR's. First of all, the logistics are inconsistent with what we have all been complaining about for so long, namely the LACK of NR's. SINBOB's list averages about 1 per month. Is he somehow getting NR's that the rest of us aren't???? I don't recall receiving more than 4 or 5 of the one's he listed. Secondly, many of those seem to have been "paraphrased," as in NOT THE ORIGINAL TEXT. I find that somewhat questionable as well.
One NR that he listed and I DID recognize, however, was the 6/3/11 announcement about the $7.2M Line of Credit. I also remember all the positive "buzz" here on this board from so many who spoke as if the pieces were all finally in place.
Amidst all the recent references to SFMI's need for financing and additional capital, my question at this point in time is this: WHAT HAPPENED TO ALL THAT MONEY??? Have we forgotten about that? Has it already all been used up? Someone with knowledge about this please fill us in. Thanks.