Re: Chance F
in response to
by
posted on
Oct 12, 2012 08:03PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Well, I am just thinking, that the bad results coming from the Tesoro may have inadvertly affected several other companies also for the Tesoro area. All historic data pointed to something big on the Tesoro, when this didn,t materialize, it should have affected IGD,s sp. Under the rational that if there is little on the Tesoro, why would anyone invest in IGD on the promise of anything from the Chance E? Then maybe you could take this a little further, to think like prospective investors, if the Tesoro results didn,t match what was believed to be there, how do we know if the same may not hold true for the Cueva Blanca property? Because of the bad Tesoro results, prospective investors may not touch these other companies with a ten foot pole? That could be bad for IGD investors unless the TTAGIT thing can turn everything around, in which I hope it does.
On another note, why would 88 Capital come in and option the Chance F property from SLI and announce they were commencing all this exploration, plus geophysics, with a very very weak balance sheet? I mean, whats the use for 88 Capital to do a geophysics, if the Tesoro showed that geophysics is useless in this area (in which I totally disagree with)? What promo tools did 88 have to enable it to raise funds in the future, surely it knew it could not rely on Chance F results, or could it? And also, why did SLI proceed with the option if 88,s balance sheet was questionable? Not saying 88,s balance sheet is questionable in the sense that it may not have enough capital to fund exploration, just saying what if?
Again, a lot of things that don,t make sense, unless I am missing something?
I believe that SLI,s legal council is some of the best in Canada and the industry, I hope Lori was utilizing that avenue whenever the best interests of shareholders came into play? Its shareholders money that pays for this legal council and they have an obligation to all the shareholders of the company, not just Lori. So under that, I believe our best interests were taken into consideration.
IMO and just speculating