Re: GHDC 10 K report??
in response to
by
posted on
Apr 14, 2012 08:28AM
(Edit this Message from the "Fast Facts" Section)
According to SFMI 10K....GHDC owns 70% of the mentioned claims. Since SFMI took in %174k or 30% of the revenue, GHDC took in the other 70%.
SFMI is milling GHDC ore and GHDC is charging a 15% royalty fee for SFMI to mill their claims and charding a lease to SFMIof 83k a month.
5.5 million in stockpile, 70% is GHDC's.
Where is the GHDC's 10K report since they're bringing in revenue from SFMI milling operation?
As far as the new claims and added acreage will be 100% owned by SFMI, you wonder why PQ and family are loading up on SFMI stock.
Are they using revenue from the dump tailings to buy more shares of SFMI as in buyback?
Why doesn't GHDC use the revenue to file the 43 101? Since both are married at the hip or are they?
Last shareholder meeting, PQ discussed money. 6 million was needed to drill. 1 million to file 43 101. Don't forget the 5 figure monthly milling operation of SFMI. I didn't attend the GHDC SHM, I wish I would have. Whoever owns GHDC stock, I would suggest attending the GHDC SHM. I don't know if I will be attending this year's SHM which is required.
PQ is right....he needs 10 million-12 million to get everything up to speed.
I strongly believe without help, our stock sits idle.