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Bullboard - Stock Discussion Forum Santa FE Metals Corp New SFMCF

"Santa Fe Metals Corp is a Canada based mineral exploration company. It is engaged in the acquisition and exploration of mineral properties in Canada and Mexico. The company’s projects include Cuatro Ciénegas located in Mexico; Sully Property located in Canada and Iron Range at Canada."

GREY:SFMCF - Post Discussion

Santa FE Metals Corp New > Exciting days ahead.
View:
Post by Grassyknoll on Aug 07, 2014 1:29pm

Exciting days ahead.

I'm betting:  PP is a slam-dunk; Sully drilling will resume mid-August; hot Iron Range targets will be identified early September and 0.045 centers are history.

I was wrong once, but that was when I thought I was wrong.  Onward!
Comment by tabbiebarrie on Aug 08, 2014 12:19am
Hey grassyknoll, I am sure the pp will get done , even if management has to do some kind of a gypsy swap with brokers to get it filled. , but my guess is it will take time to raise all the  funds and close the pp. I foresee closing a first tranche as quick as they but even so. Unless they have money in the kitty or managenment lends personal funds by the time pp funds kick in, this will  ...more  
Comment by Grassyknoll on Aug 08, 2014 1:48pm
Astute observations, Tabbie.  I’m guessing that a significant portion of the PP is already subscribed for (there’s no mention of Finder’s Fees nor Brokers commissions in the NR) and that drilling will resume soon on the Sully plus ground work on the Iron Range.    With all due respect, this group is above drilling or operating on the QT, IMHO
Comment by tabbiebarrie on Aug 08, 2014 11:02pm
I think the expression QT should not have been used. Sometimes in the quest to inform shareholders when management is excited about the project, they can inadvertedly overpromise  and as a result  appear to underdeliver. Such is the case here where shareholders and management alike on   the last drill hole were so sure, incuding mysel,f that they would hit the target. To hit so soon ...more  
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