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Message: Re: Just Venting
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Sep 23, 2010 06:38PM

Dick,

I saw the posts over on ihub, and I think the criticisms were pretty much spot on. Statements such as PQ wasn't in a hurry to get production up, smelt the concentrate, or answer our questions, or that they are "waiting till the middle of 2011 to move to 200 ton a day" or add more parts are entirely wrong and not supported by any facts or reports. Negative statements like that get repeated, especially by bashers, and can really hurt the stock price. You also quoted the Murphy report's grades of ".18oz. of Au and 2.5oz. of Ag per ton". SFMI had no control over that report (reportedly paid for by an investor), and the numbers used were from extremely dated material. Why use those numbers rather than the more recent numbers the company itself has put out such as 0.75 and 2.45 oz/t for the piles they are actually processing? Or any of the numbers reported by people who attended the meeting? Or historical numbers, or any of the other more recent results from assays conducted by SFMI and others? Or the Idaho Geological Survey numbers?

If you really are long term investors interested in a rising share price, you'll do a bit more research and consideration of the facts before making statements like that. The honest posters over on ihub have their hands full dealing with false negative stuff, and understandably have little tolerance for even more. Doesn't excuse personal attacks, but the criticisms of the statements were warranted.

spiny


Sep 23, 2010 08:12PM

Sep 24, 2010 10:29AM

Sep 24, 2010 10:38AM

Sep 24, 2010 11:08AM
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