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Message: Re: "control" for Iggy...Sinbob
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Jan 04, 2011 06:24PM
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Jan 05, 2011 09:44AM
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Jan 05, 2011 01:29PM
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Jan 05, 2011 01:45PM
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Jan 06, 2011 12:39AM
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Jan 06, 2011 07:59AM

This is by its nature a serious board. Not that we can't joke or have fun, but we try to maximize information and minimize personal attacks, which never raise and usually lower the quality of the discussion. So please think about what you are writing. There is no problem with discussing negatives about the company, but that doesn't require attacking other posters or calling them names.

As to the problem with information, I will say that nothing I have heard, even from those with "contacts", is anything that I could not have gleaned or figured out by reading the message boards, emailing RK, or going to the shareholder meeting. Maybe more details, more speculation on timelines, but nothing really material. For what it's worth, RK et al. have been pretty good at keeping inside information inside. Unfortunately, this has also extended to information I think we should have had. I think we all agree it would have been better to have gotten an explanation as to why the smelter results are delayed. But it's obvious they are, and anyone who has contacted RK has been told that.

On the other hand, ask yourself this: Has SFMI failed to carry out anything that they have said they would do? Other than getting the mill in Melba going, I really can't think of anything. Timelines have been too optimistic, information has been late and/or unclear, but the company has accomplished what they have set out to do. And I have confidence that this pattern will probably continue- information will be sparse, but behind the scenes the company will be doing what they have said they will do. It's a pattern I expect to repeat. So I do expect them to ramp up production, use higher grade ore, expand the mill, reopen the Sinker, do some exploration and drilling, hire some good mining people, get some mining people on the board, etc.- all the things that have been mentioned either in PRs or at the SHM. But I don't expect daily updates.

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