more anger than valid discussionBoth CAN and SOC shareholders are looking for complete clarity on the situation the companies find themselves in.
Most of the facts that are being posted are not facts.
A few things to consider:
1. soc does have ownership on the 7.2 hectares in the discovery zone through a valid option agreement.
2. If soc's ML was invalid in any way, the Minister would have put an end to this situation at the joint meeting on October 28th.
3. soc has put together a very strong and experienced management team - strength in mining, legal, building business and in finance
4. the new soc managment team would have had the opportunity to review all of the "ifacts" available from the sonora camp and the government of Tanzania - based on that information they now own in excess of 5 million shares of soc. Even at
.25 -
.51 that is a sizable investment.
5. soc has made several attempts to contact Canaco regarding the situation starting on July 30th. Canaco has not responded to any of these attemps. The government of Tanzania wants a deal to be done so CAN owns the property and the deposit can be explanded and mined. Why is Canaco not being more open to discussions? Maybe these discussion are ongoing? Why is Canaco not releasing any results?
6. Although this tiny yet mighty 7.2 hectares is the focus of most of our attention, soc has a second much larger, explored land position in Tanzania.