Flash News from RK
posted on
Oct 21, 2011 09:59PM
(Edit this Message from the "Fast Facts" Section)
I emailed RK this morning with questions......here was his response.
Dear Garick,
The value of the stock is NOT adequately reflecting the fundamentals at SFMI. $.06 is not a fair representation of the Company’s positive on-goings. Unfortunately, the macroeconomics of the world economies has/had produced extraordinary fear (manly from Europe and Greece economic issues) which, in turn, has penetrated itself into large and small cap stocks, alike. SFMI will continue to grow. Management believes before the conclusion of the Dec. 2011, that SFMI will be able to show a nice revenue number from its operations. Daily the Company mills precious metal ore, stock piles ore bearing concentrates and smelts dore bars on a regular bases.
Revenue numbers are forthcoming and at this year’s shareholders’ meeting, held about a month ago, shareholders had the opportunity to hold dore bars and witness smelting of more bars. The Company is doing well, and now if the overall markets can get over its fear, I believe SFMI will rebound in short-order.
It was announced at the meeting, that board member Dennis Quilliam would step down upon the nomination of director with mining background experiences. The Company is currently reviewing candidates for this board seat.
The 43-101 is being produced with the expectation of being completed in January, 2012. I cannot give an immediate estimate on listing on the TSX because a review board of the filing for listing will commence and they will make the final determination on listing.
Thank you for your question and shareholder support.
With warmest regards,
Rich Kaiser
Investor Relations-SFMI