Question to the last several posts.I've asked this a few times and no one seems able to direct me to the information. One person says buy, buy, buy based on no facts other than the current price is higher than it was a year ago, while another person says sell because this will take a significant amount of time before anything happens.
SFF over the last years has mentioned several great ideas, i.e. drilling for coal which was never done or didn't work out, drilling for shale gas in Quebec which was never followed through, other properties in Ontario which never worked out or at the very least didn't do anything for the share price, and NOW, after signficant diltution as evidenced by the number of shares outstanding now in comparison to 1 or 2 years ago, they are chasing a $5M property in Colombia.
Can someone point me to the literature in supporting documents for this acquisition that I can read?
If this doesn't exist, then why is this valued so high other than being close to other plays, which is generally the only data given by SFF in their press releases.
Where is the data for these new properties?
And if someone could, why all the selling today since this property is so good?