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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 Aug 06, 2014 7:26pm
249 Views
Post# 22815690

A possible return on your investment

A possible return on your investmentIf you know about some of JP's  other companies you will know a little about V.CE, Canada Energy Partners. Seems after all this time they sold their Montney properties for a little over $ 15,000,000.00. Some is staying in the company. The rest is being given back to shareholders (haven't seen that on the TSXV). I think somewhere around $ .13/share. Saying that CE is $ .14/share right now. They could do the same with the sale of Lombok. I think CE wants to pay back the large investors that bought in at $ 1.00/share in the beginning. At least who ever is left. If SA was able to squeeze $ 20 million from someone ( I think the exploration cost was over $ 30 million). With 109 million shares outstanding and if SA kept lets say $ 5 million ( for EAG most likely). Shareholders would receive around $ .18/share. Not a bad return on a stock that is $ .05 right now. Anything can happen. Payback could lessen the load. Mind you at $.05/share many have bailed. Food for thought.
Bullboard Posts