Santa FE Metals Corp New SFMCF

My Guess

[HeyIrish]

Here’s my guess:
They need the money from the sale of the Mexican property to straighten out the transfer agent problem. That would mean we could be halted for a while. I suspect that’s what motivated the second news release right after the halt was announced. The second release was to remind shareholders that we do have a small amount of money coming into the company. It sort of gives the impression that all is not lost.
 It would be a very good move if SFM announces that they have secured the funds to drill Sully again before the halt is lifted. If they can make this happen I’d think all would be good again.
I also believe that the owners of Gravitas are much better off if SFM survives. Should SFM fail it could be many years before they see anyone interested in drilling their land again; if ever? It would also require Gravitas to make a new arrangement with new partners that may not be as good as the one they already have.In other words if SFM fails then new risks arise for the owners of Gravitas.
I’d also count on there being many family and friends of the directors of SFM who have invested their hard earned money into this company. I mention this to highlight another motivating factor for the management of this company.
 
If SFM was a  50/50 bet last week this week in feels more like a 10/90 this week. The deck really seems to be stacked against shareholders right now.
 
In closing I’d like to wish management good luck; knowing that good luck usually comes from hard work. Don’t give up, make good choices, get creative, be forceful and don’t recognize failure as a possibility and then everything will work out fine

[HamishMcQ]

Why Guess? I called and here is a brief summary from the man; 1. anyone who reads financials knows there is no money in sfm 2. some creditors lose patience and their timing is thier own, like that of this transfer agent 3. our unpaid management is working to get this done, the sale of the mxican project took forever but the timing is not related in back to back news. phillipine metals didnt

[HamishMcQ]

forgot to add this important clarification for folks like tabbie 6. 4 insdiers own almost 30%, not including family and friends so maybe another 10-20. scott was nominated by Ian Smith to run the company. he is unpaid and does not own any SFM at the moment, easy thing for all to see on insider reports and not a secret

[nomadtrader]

HamishMcQ - Does the man have a plan to resolve our current predicament? We need the share price to be 5 cents before we get the money, however the share price will not be 5 cents until after we get the money. Is there a white knight on the sidelines?

[HamishMcQ]

hey nomad im feeling really upbeat today on good personal news, so take what i say with a large grain of optimistic $alt! what this company and shareholders and especially this bullboard needs to have is faith.  you can laugh all you want and out loud at that, but i really like this project and these people strike me as honest, hardworking, and yes struggling in bad markets. but

[tabbiebarrie]

The same thing does not exactly apply to PJX as in their case as the clock is not ticking down as it is for both SFM and Gravitas in bad markets and their shares are noit halted. Removing the halt takes time and T's must be crossed and I's dotted and most likely a lower opening price making the task to raoise financing even more difficult. I do still hold shares in SFM by the way. The

[HamishMcQ]

you seem like more of a basher of sfm and pumper of pjx but that doesnt matter. i think this transfer agent halt thing is not that strange but if you need to continue to sow negative thoughts so be it

[tabbiebarrie]

Tell you what Hamish, SFM has a tough enough hill to climb and is in need of s some positive comments and as I do not have any at this time will withold my remarks restricting them to private messages only. Actually it is in my best interest. When and if this story  starts to turn positive I will certainly add my support as I want this deal to work. You will nbot see any comments from me on

[HamishMcQ]

ok tabbie, we all want the same thing, success! i called scott this morning about the halt. the transfer agent has been paid with the some of the recent cash and he expects trading in the next day ot two

[HamishMcQ]

Santa Fe Metals to resume at the open April 27     2015-04-24 16:06 ET - Resume Trading     Further to the TSX Venture Exchange bulletin dated April 22, 2015, effective at the open on Monday, April 27, 2015, shares of Santa Fe Metals Corp. will resume trading, transfer agent services having been reinstated.   © 2015 Canjex Publishing Ltd. All rights