Memory Lane ... and more.
posted on
Dec 13, 2013 06:27PM
(Edit this Message from the "Fast Facts" Section)
November 1, 2007 PDF | HTML |
November 2, 2007 PDF | HTML |
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From the Dec. 24th, 2007 issue of Stockguru: “ …SFMI sampling results indicated where initial mining efforts should be focused, and which mines are more valuable. They have a game plan and they are working it … it’s the latest venture for Quilliam who’s been involved in a range of businesses including IT, electric cars, an indoor soccer team … Silver Falcon grew out of Dicut Inc,. another Bradenton-based company involving Quilliam as president and Kaiser as investor relations director. Dicut was involved in facial recognition technology… ‘ It was the shell that became the new entity’ Kaiser said. .. Dicut went on hard times, had a lot of debt and is no longer … There was a reverse stock split. The company restructured last year … it has now come up with something to give the shareholders value… There are 13 million ‘tradable’ shares of Silver Falcon stock… The company plans to eventually trade on the Toronto and AMEX stock exchanges’ he said.
About 6 years, hundreds of millions of shares and 150 plus NR’s later:
November 04, 2013 PDF | HTML
SILVER FALCON MINING, INC. (SFMI) ) SUBSIDIARY ANNOUCES NEW CEO.
“… the question of mining the resources of War Eagle Mountain still appeared as a major effort requiring financing not available to SFMI at present. Therefore the Board realized that an injection of new blood was required …”
Red flags in the morning and red flags at night. Mea culpa.
What/who will take over the assets worth billions at War Eagle? ... and, will present shareholders get 1% or 10% on present debased shares for holdings?
Just what were we all thinking all these years while ‘management’ was looking at the mantle rather than stoking the fire?
2014 will be interesting indeed.
On an up note, it appears the bottom is in for the mining stocks and we should watch to see of they (the survivors) lead gold and silver back up in 2014. That is the way it happens. I think it will, finally.
There is BIG, HUNGRY money out there that can buy up good assets in the ground for 1 to 4 cents on the dollar (the debased $US global debt dollar or the Chinese Renminbi). Silently, as many of us know, steady accumulation of certain PM stocks is and has been taking place... as has thousands of tons of gold and silver from West to East and other places.
The quality of money (gold/silver) pendulum has swung to the other extreme of quantity of currency (fiat paper promises that ALWAYS go to zero). Hundreds of thousands of paper currencies, all have all gone to zero over 5,000 years. Today's global race to the bottom is in the home stretch. When the $US goes its 'kaput'.
We and the 'markets' are on razor's edge from this day forward. Huge daily swings in the PMs may start in early 2014 ... and any global banking crisis will set off another '2008' ... only much worse. It will have to be papered over yet again in a much bigger way. Most statistics are falsified as the lower and middle income classes are robbed of all their wealth and the top 2% becomes the top 90% of the wealth.
Deflation and then inflation will happen. Civil unrest will happen (see Argentina, Italy and Greece etc.). Watch for a red flag disaster. When people begin to lose confiidence in their paper currency it will all begin in earnest. Gold hoarders will hold tight and those who seek real value in real money will pay up. As Mike Maloney has warned, the biggest transfer of wealth in history will take place this decade and it has already started. Those few who prepare will survive.
SFMI has the goods and many know it. The resource today, in the ground, is incredibly valuable ... and now, moreso with every day that passes. If SFMI remains intact or is reborn as another public company, there should be some residual value for present shareholders. Just what that is remains to be seen but in my most humble (and believe me I am humble after all those years of supporting, believiing and then hoping ... but not thinking) opinion the treasure is there. WHO will acquire it?
Without prejudice.
Sincere Season's Greetings/ 'Merry Christmas' to all and best wishes for a fulfilling New Year to alll.