Re: Financials
in response to
by
posted on
Dec 23, 2015 01:40PM
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
Primed, when using his intelligence in good ways and assisting here, had come up with a value to SLI shareholders per share for the Carmi Moly Project. Where there was a tech report done on the Carmi in 2008, I think he used that report to base his value upon, but, there has been work done since then, to INCREASE the value. Nevertheless, if I remember correctly, I think his valuation put this project at a value of 20 cents or more per share. The present price of moly oxide is around $5 U.S., and would diminish that valuation, but if the present price of moly is only a quarter of what it was then, it still leaves shareholders with a worth of around 5 cents per share mininum for just the Carmi Project.
Dennis McKnight of Hi Ho Silver, told me that when they knew they did not have the money to renew all the properties, they asked Lori for assistance. At that time of his request to Lori, we had about $2 million in our treasury, and her reply was "no, we don't have the money". I guess Dennis thought that strange, Lori,s unwillingness to assist and help secure the valuable properties, not only for Hi Ho,s sake, but more importantly, SLI,s sake. So, Dennis told me he watched as the properties became up for grabs, because Dennis could not pay for them, and watched within minutes of the properties coming up for grabs, Dorian Leslie and his counterparts snatching up the properties very quickly before anyone else had a chance to stake them. So, it is very clear that Dorian had inside information that the properties would lapse, and they were waiting to ambush a convenient opportunity, which took these outlying properties advertently from SLI shareholders. Although the main properties were held by Hi Ho, much of the surrounding property was lost because of Lori,s direct neglect. We must remember the favourtism Lori gave to other companies in the same time period where she did pay for lesser valuable properties for us, to keep them in good standing. For Lori to neglect an advanced property, a more valuable one such as the Carmi, depicts intent to assist in its lapsing, which is contrary to SLI investors interests. So again, we see Lori intentionally engauging in a harmful event to SLI investors, rather than securing the SLI investors investment.
Molson, we must also look at the $100,000 figure mentioned in your post which may show a deliberate transaction of conspiracy which resulted in construed gains for another party associated with Lori. More so speaking, an embezzlement to a degree.