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Message: Re: Gold drop
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Apr 04, 2012 10:12AM
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Apr 04, 2012 10:30AM

SFMI's share price does not seem to move with the price of gold since SFMI is not yet perceived as a gold producer whose revenue is connected to the price of gold. The recent share price drop is due solely to the lack of positive official news. The most recent PR basically said that the amount of revenue we have assumed would be there based on previous company statements is just a mirage. Any positives in recent PRs, such as the imminent 43-101 that was to be out last quarter, 10K by the end of February, smelter to open "shortly" as of last year, drilling in January, etc., are now in the trash heap with most of SFMI's timelines. While SFMI has made progress, "overpromising" makes everything seem like "underperform". Right now with the expected revenues up in smoke, they need other financing, and that needs to be announced. The 43-101 (which will disappoint many who still don't realize what the 43-101 standard is) needs to be issued. And most of all, drilling needs to be started so that results can be obtained as soon as possible. Until substantive positive news is released, the share price will continue to drift down as it does with all junior explorers.


Apr 04, 2012 10:44AM
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Apr 04, 2012 04:32PM
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