Re: SHM agenda--spiny
in response to
by
posted on
Sep 21, 2011 01:02PM
(Edit this Message from the "Fast Facts" Section)
Looks like many are on the same page.
The reason that PQ refused to give the grades last year was because they were brutally low...after everyone was led to believe via RK innuendo and rumours on the Oso piles being up to 2 oz/t...or over 60 g/t. Combine that with many other misleading rumours, ( missed deadline expectations set up by management... not shareholders), ineffective NRs/updates and all the crap going on with the rattlesnakes off the mountain (trading) who may or may not have anything to do with the management...and what do we shareholders get? Exactly what the share price is today. And I'm not so sure management doesn't like it that way. At this time there is no valid reason to think otherwise after a prolonged introduction to them. Sorry for the vent.
I know at least one attendee last year that was very much misled by management...and that is unacceptable in my books. I can appreciate the frustration and built up angst that certain attendees this year may harbour. When someone can look you in the eye and lie like a trooper red flags fly in mild breezes..
However, in spite of themselves, management cannot be faulted for the obvious blanket suppression, thin volume and corrupted JPM markets. As the Imperial Whazoo outlined the other day, SFMI is trading at a huge discount to comparable JPM projects. But we also have to remember that those very same examples IP gave us are also trading at a significant discount to the producers and even moreso to the price of the metals. Thankfully, this is beginning to change at the large producer level and leaves us today with great optimism.
So, given the facts re SFMI with respect to what it does have (mill, infrastrutcure, historical geo, historical resource, potential high grade in WEM, refinery account, plentiful skilled labour, water source, environmental and permit friendly, safe geopolitical environment, blue sky exploration potential, ongoing and supposedly increasing cash flow, above ground ore piles with good grades, excellent geologist, one of the best states in the USA for gold and silver mining...and much more)...we all know that this project has the genetics to be a big winner.
The stock today is not trading freely. Period. This is an endemic JPM sector disease that is now being addressed due to increasingly, much overdue favorable market pressures that will soon begin to steamroll anything in its path. This alone will have positive momentum for the "SFMI's" of the world.
In my estimation, those attending the meeting have a rare opportunity to look in the eyes of a PQ or an RK and attempt to ascertain where their psyche lies. Anyone who can lie beyond discovery is a sociopath and will continue to do what they have always done until proven otherwise. They have both dislayed tendencies to have a lack of integrity and to be less than honest with those who they report to...the shareholders. Because this pattern has lasted for over three years, there is every reason they should be challenged to be totally honest with their companie's owners.
The "X" factor is Roger Scammel...a good move by PQ. He is the one who must be reached.
Have a great meeting evryone.