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Seafield Resources Ltd V.SFF



TSXV:SFF - Post by User

Bullboard Posts
Comment by StockBadBoyon Apr 15, 2010 9:00am
210 Views
Post# 16993983

RE: JESSIE AND STOCKBADBOY

RE: JESSIE AND STOCKBADBOYLockwarouttt. All I have to go on are press releases, I don't have any contact with the company. However, in a press release dated March 15, they indicated that they have commenced work on the property (that was one month ago today).

"..... The company has commenced detailed soil geochemical surveys and magnetic survey follow-up as well as detailed geological surveys in this Dos Quebradas area. Geological mapping and sampling and soil sampling have also begun on the three additional porphyry targets outlined by the airborne magnetic survey. Follow-up diamond drilling on these targets is expected to commence in the second and third quarter..... "

Drilling to start the second or third quarter. Putting this in perspective, and having followed this company and hearing everyone on this board about management, I suspect it will be later than earlier (but maybe we could be in for a surprise, but I wouldn't hold your breath). If they started in the second quarter, we wouldn't see results until the late summer I suspect, if they start later, results will not be seen until fall or very later in the year (likely before Christmas - maybe). They do have other properties in play, hopefully some reporting from them as well.

Hopefully the interview with Anthony mentioned a few posts back will shed some light on the "Real" timing elements of this project. It is truely a catch-22 playing penny stocks. It is a race against time until the markets turn south again. All the paper will have come out and their money will be protected, it will be the little players like us who will be FULLY exposed to the market dynamics, unless of course one sells along with the paper. I am encouraged by the volume since January 2010 until now. If the Colombian property is as good as some say, this could account for the accumulation occuring. I think, however, SFF will need to get through another financing to really make this work. The warrants lower have already been excercised, so I suspect a financing very soon knowing how stock has to be placed, sold, replaced, and so forth.
Bullboard Posts