Mining Sector and SFMI
posted on
Apr 17, 2013 09:02AM
(Edit this Message from the "Fast Facts" Section)
It's pointless to continue slamming PQ for his pay compensation in shares which is diluting the company. It's worthless.....as our shares are. PQ did put up $5 million of his own money to get this little mining company started.
We all got caught up chasing the pot of gold within WEM by dreaming this was going to be big..which it may become huge. Who knows...I don't and can't predict the future. Many people attempt to...some hit and some miss.
The whole mining industry is getting hammered...even the honest fun loving decent /exploration mining companies are going under. THIS IS A FACT....
Gold is down...silver is down. However, I was on board SFMI when Gold was $1200/oz. Sentiment was strong. What happened to that sentiment?
China's economy has slowed down....Europe's economy and fiscal health is dismal. Has anyone looked at our own country. Feds are printing money out like PQ is handing himself and his cronies shares which are becoming devalued.
I read IHUB...very disingenuous because SFMI isn't an isolated incident. I have looked at other mining companies where their pps has dropped from triple digit to the low single digit. BTW, they are still in business.
I have researched mining companies that have drilled and their share price remains in single digit.
Investing in anything has its reward but also its failure.
PQ didn't hold a gun to my head and say hand over your money. I believed in the pot of gold at the end of the rainbow. My hopes have diminished. However, the company is still in business. I don't see an Out of Business sign on the mill door.
Let us pray PQ makes the right decisions from here on out....screaming at him for share dilution isn't helping the matter.
I am open for rebuttals.