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Bullboard - Stock Discussion Forum Spruce Ridge Resources Ltd V.SHL

Alternate Symbol(s):  SRCGF

Spruce Ridge Resources Ltd. is a Canada-based mineral exploration company. It is focused on critical metal resources with nickel projects in Oregon, United States and copper projects in Newfoundland, Canada. It has four properties in Oregon, two nickel resources (Cleopatra and Red Flat), one with nickel sulfide intersections in drillcore (Shamrock) and nickel laterite at Eight Dollar. Its 100... see more

TSXV:SHL - Post Discussion

Spruce Ridge Resources Ltd > SHL: Time for new management?
View:
Post by goldanalyst on May 27, 2021 8:07am

SHL: Time for new management?

There would be no shame if you decided to step down John.
You did a great job building the company to where it is today.
However we've been significantly undervalued for quite a while now
and your inability to get the street excited about SHL falls on you.
We have shares in CNC and NOB and great assets of our own and yet we are trading at a significant discount to our aggregrate value.


Please consider stepping aside and let someone else try their hand at this.

Thanks and GLTA
Comment by DrNo1962 on May 28, 2021 11:19am
Not including ANY of its own propoerties or JVs or shares of NOB.v... SHL.v owns 8.1 million shares of CNC.v ($3.25/share) curently worth ~$26 million.  SHL.v market cap is currently BELOW market value of its CNC.v shares - again NOT INCLUDING ANY of its own propoerties or JVs or shares of NOB.v.  SHL.v has already spun out ~2 million CNC.v shares to shareholders and may do the ...more  
Comment by goldanalyst on May 28, 2021 12:36pm
Who said anything about it being buy or not? Been in this for years and I know this company inside and out as do many posters here....my point was that John did a great getting us to where we are today but now is the time for him to step aside and let someone else bring us to the next level.... Of course it's buy here...any moron can see that which is why we need someone else with a ...more  
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