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Snowfield Development Corp. SWFCF



GREY:SWFCF - Post by User

Bullboard Posts
Comment by bestguesstooon Aug 10, 2006 12:29pm
314 Views
Post# 11208852

RE: Liars!!!

RE: Liars!!!It seems that if we are to beleive that all NR's are the absolute truth, then we have a conflict indeed! Do you also still believe in "Santa Claus?" SNO NR-06-30 excerpt. " The essence of the Option Agreement obligated Gold Win to pay Snowfield an aggregate of $1,250,000 in cash payments, issue to Snowfield 5,000,000 common shares of its capital stock and fund an aggregate of $2,500,000 in exploration and development work on the Drybones 4 Mineral Claim. The cash payments, share issuances and exploration funding payments were spaced in tranches over a 12 month period. As announced by Snowfield on July 19th, 2006 (NR 06- 27) Gold Win defaulted on their first exploration funding payment and were deemed to be in default of the Option Agreement. The second exploration funding tranche, due July 31st, 2006, has also now been defaulted by Gold Win and Snowfield has accepted a Notice of Abandonment of the Option Agreement from Gold Win (NR 06 - 29). So, SNO is saying that CGW has defaulted on their first and second payments. Someone is not telling the truth. IMHO, IF CGW had paid up SNO would be honouring the agreement, no question. How could they not? You can't "have your cake and eat it too". This is business and SNO management knows that. They may be slow but the "wheel is turning" even in spite of the bumps in the road along the way. As far as a lawsuit over this is concerned, it seems to me that if SNO is telling us the truth then there are no grounds for one. SNO is not pumping their stock, they aren't making any irrational claims they're just waiting to find what they know is in the ground. They don't need to pump the stock. Have they had difficulty getting financing? It doesn't seem so. They keep placing stock in private hands. As long as they continue to slowly turn the wheel and make progress, I'm happy. I have no reason to doubt them or their operation. Hang in there "longs" and wait for the pay day.
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