Post by
BudSpud on Feb 14, 2012 1:41am
The Brazilian
I find it amazing that after years of zip for share price appreciation, and dilution, there are people that are wild about the rich Brazilian investing in SFMI? At 4 cents the Brazilian could take down a lot of shares in a PP because they're ALWAYS done lower than the current share price. It's conceivable that after years of waiting current shareholders could be massivley diluted. Let's face it, unless it's worth it for the Brazilian then he's not going to bother and since he's a billionaire the deal is going to have to be extraordinarily good for him to make any difference at all to his bottom line. Insiders are usually compensated with lots of options in a deal, so no worries for them....
Comment by
southpen on Feb 15, 2012 6:15pm
In my opinion ,all this Brazilian billionaire talk is childish,desperate and any investor would be an idiot to fall for it. All SFMI has to do is drill their property .Nothing else matters. If they hit something interesting ,others will take notice but until then it's unconfirmed brownfield exploration run by a bunch that by their own admittance knows very little about exploration.