posted on
Nov 08, 2011 10:06AM

Welcome to the Silver Falcon Mining HUB on AGORACOM
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Message: Re: news
For 136 oz, assuming 65% gold as before, that would be a little over $150k. Not as much as many were expecting, but this is just a test batch. 15% of that will buy back something over 300k shares.
Unfortunately, no information about subsequent shipments (size, schedule, dates). Not even any information about the size of the check or the composition of the dore (% Au, % Ag). I understand their hesitancy to publish some information for security concerns, but really, saying something like the next shipment will go out within a week would have helped. And would some potential thief really base a decision to rob some place on whether there were $1, 2, or 3M to get? And why does reporting the numbers in the filings increase security? Is the SEC going to send out guards?
Looks like more waiting for real revenue numbers, especially if they are waiting for the secure storge to be finished (supposedly mid November, if I remember correctly). They also say information will only be released in "required SEC filing reports". Does that mean only th 10k and Qs? If so, no more revenue info until the 2011 10K- March! Or does it mean in reports that would have to be filed as material news? Once again, a poorly written less than informative PR produces more questions than it answers.
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