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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

SLAM Exploration Ltd. is a Canadian junior resource company holding a portfolio of gold and base metal projects. The Company is engaged in the acquisition, exploration and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. The Company's projects include Mine Road Project, Menneval Gold Project, Ear Falls Lithium Project, Jake Lee Gold Project, Highway Gold Project, Keezhik Gold, Dam Lake Project, and others. The Mine Road Project is a significant addition to its portfolio of wholly owned BMC projects that include Goodwin, O'Hearn-Strachens, California Lake, Lower 44, LBM, North Rim, Portage, Satellite, Nine Mile, and Red Pine. The Highway project has demonstrated polymetallic potential with 10 known mineral occurrences that include zinc, silver, copper, cobalt, molybdenum and tin as well as gold. The Company holds NSR royalties on the Wedge copper zinc project, Ramsay, Reserve Creek, and Opikeigen gold projects.


TSXV:SXL - Post by User

Bullboard Posts
Comment by sydenhamon Apr 08, 2011 10:43am
461 Views
Post# 18404334

RE: RE: slam

RE: RE: slamPeople need to remember that JD purchased shares through fnancings, most of them flow through with warrants attached.  So not only did he get cheap warrants, the shares were also very cheap when the 40% tax breaks are taken into consideration.  DnD is buying shares on the open market.  Huge difference.  Would they try to flip 20+ million shares for a quick profit?  I think there's much less risky opportunities for a 25% profit than a spec. exploration co.  Also the amount of shares they've purchased makes it that much more risky.  Any major dump would hurt themselves since they bought at market prices, unlike JD that could afford to dump, and still make $ given the cheap shares he had picked up through various financings.  I still think DnD's shares are more than investment purposes for themselves.  They also purchase for institutions/funds, companies and wealthy retail investors.
Bullboard Posts