Re: If I had money....
in response to
by
posted on
Dec 08, 2013 11:35PM
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
Thank you very much for the added perspective Stewie. As always, I appreciate your logical and genuine view on things.
I guess the main reason, of the ones I stated, that I believe we are in for great change with this stock forward, is because of the negligence to mitigate risk, displayed by the regulators. In my opinion, there is only one reason why the regulators would jeopardize integrity of the markets to the degree in which they have, and the politicians as well, that this is huge.
Plain and simple, this is never going to be swept under the rug and the implications for those designated to protect, are only piling up, instead of going away. There can never be any justification on their part why this was allowed to continue this way with investors getting thoroughly exploited, every step of the way. The regulators are keeping present management in place for a reason, while they had every avenue to remove them, along with enough evidence to show reasonable doubt. To risk the integrity of the markets, careers of politicians and more, only suggests to me that this is huge and that it seems all the levels above us are in the know. Albeit, at this point, it doesn,t matter what the regulators do to salvage their reputations, the investors will be protected and accountability will be placed, where due.
All in all, I agree with your post in its entirety and like to add the Cueva Blanca fiasco again. A property with an historic unofficial/official resource estimate of which would equate on a FMV of at least $60 million, being sold for $100,000. Convert that figure into the stock price now, and you would get a value of probably .40 per share, or better. So yes, she sold this, as well as parts of the Carmi Moly let go, the two biggest valuable holdings on paper that SLI had. There was a 43-101 resource estimate on the Carmi, an historic estimate of roughly 200,000 ounces of gold, 1 million ounces of silver on the Cueva Blanca , while the Tesoro only had on paper, 4400 ounces of gold as an estimated resource. So, in reality, and by law, she could not leave these properties go, nor justify it, without some type of shareholder approval. Shareholder approval is needed in divestment of important company assets, to disuade exploitation, and to assure fairness and a sense of security for investors.
The regulators as well as politicians had a duty to do here, they couldn,t legally pass the buck, as they have done so far. The regulators, at the lowest level of regulation, had the power to intervene and not allow 1 man, a judge, to make a ruling on a very important issue, that involved the policy and stature of the Canadian markets, as a whole.
thank you
rick