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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based company. The Company is primarily engaged in the project generation and investments in mineral resource companies with a focus on gold and copper-gold. The Company operates through the acquisition and exploration of resource properties and investments segment. The Company has not generated any revenue.


TSXV:SA.H - Post by User

Bullboard Posts
Post by buyb4its2l82on Feb 17, 2014 8:06am
142 Views
Post# 22216807

My opinion on Lombok

My opinion on LombokIf you don't know SA bought the Lombok property for approximately $ 874,350.00  plus some %'s. SA has spent over $ 35 million dollars exploring the property. In 2013 they wrote it all off. SA themselves stated that the find wasn't enough to waste their time with ( based on their description of Eagle Hill). This will be fire sale pricing if they sell at all and if they find a partner it will be for peanuts I believe. My advise for SA? Open up all of Lombok to illegal miners on the Lombok property and let them go to town. Charge everyone a rental fee and then you will get a return on something. They are trying to attrack anyone to buy. I think they want to bow out gracefully now that Eagle Hill is better going no where. I can see a sale coming for nothing so that they can access the last $ 7 million in the wallet. I wonder what SA sold all you guys on in the beginning? It was a great selling job as they got a lot of your money. Maybe things would be better if the Juniors weren't held with such disrespect these days. You are watching paint peel here. My opinion. Cheers.
Bullboard Posts