RE:Value Hiding In Plain Sight!You are viewing this as a positive? For me it is absolutely confidence shattering that they just happen to "discover" some thing, oh...uhm... so trivial as alternating CEO appointments to the JV. For me this is terrifying. Like absolutely terrifying. What sort of company would somehow forget a detail like this? so despite this sort of bumbling, I remain very confident however that the true value will ultimately shine and we have potential to go up 5 to 10 times easily in the next 2 to 3 years. However I certainly wouldn't be touting the fact that they happened to come across this "fine pront". Shame on them. Contrarian don't you recall in conversation with me that you were telling everyone oh about a year or two ago how clear and simple the corporate arrangements were? Even the company doesn't understand their own arrangements and agreements!!
Contrarian333 wrote: Opportunity is found in things that have been orphaned or to "complex" for the average investor to understand. That is the whole idea of value investing. In the case of SCN, at this point in time, we have both.
Couple of other interesting side notes:
1. Company believes it has now found enough gas to fully supply Boca plant.
2. Company discovered they have the right to appoint every second CEO at Moa (Leon discovered this in re reading the agreement) and will now exercise that right and appoint a CEO of their choosing.
Moving in the right direction.