Do we stay or do we bail out.In the final analysis, it comes down to whether or not Starfield Resources will be successful in their endeavors and this bulletin board will have little to do with that outcome. Having said that, it is interesting to note why some BB posters would remain here, bringing up their time worn arguments over and over again, considering the 'alleged position' they hold to, and the fact that relatively few people even tune in to read what any of the posters have to say. Below I have listed just a few items for your consideration.
On the one hand there are those who have always argued about the location of the play. Even though other companies are further to the north than Starfield's property is, these folks have repeatedly stressed the project remoteness and the point of no infrastructure therat. I believe that the leadership of the company knows exactly where they are on the planet and they would not have gone to a place that offered no hope, regarding the ability to finish what they started in Nunavut.
Some have said that the environmental impact on a pristine neighborhood would not be a good thing for Nunavut; yet the Prime Minister is aware of the project and has not shut down Starfield's operation. Actually quite the reverse is true. He is pro exploration in his province. Additionally one of SRU's Directors, Dr. Norman Betts, who once served under a prime minister in BC, is a noted environmentalist. SRU's board is loaded with men of good reputation.
Then there is the dilution arguement that has be hammered away at. A fact is a fact, and that folks is a legitimate factor. However there is a but involved here. Look at what they have discovered to date and billions of dollars in value that represents. The totals will only go up. There will be a continuing change in the status of the discoveries as we go from the inferred to the indicated and measured catagories. This does not even include what may be on the newer property claims. I my personal opinion I do not believe we will ever see a detailed examination of that interesting acreage because of a buyout probability.
Metallurgy is another argument that has been repeatedly raised by several people who appear to know something about the subject. I have read their comments and while I do not pretend to understand much of what I read, I do have a question for all of those gentlemen. Don't you believe that Starfield would have to know that the property must be able to yield a final product? I say that not just because of the collective mining experience of those involved and who they have sought counsel from but because common sense dictates here. If there could be no economical and environmental process that would work for SRU, then we all should have sold our shares long ago. Once again, if that is how some of the posters/shareholders feel about the subject, then why do they continue for a protracted time frame [5years+] to stress that, " all is lost" viewpoint. Why did they not bail out and move on? I don't really expect that question to be properly answered but I just thought I would ask it anyway.
The growing number of people with doctorates in various related fields, and the reputation of the many outside testing companies that have been involved in some aspect of this venture, and what they have reported is more than just interesting, it should be strong signal that this project is being carried in a decent and orderly fashion and is itself a growing one. Take another look at all those recently erected buildings on the property. They still have a year or so left on the extended lease with the owners of the Ferguson Lake Lodge, but I suspect that when the air strip is completed and a few other necessary items are in place, that the leasing arrangement will come to an end. This too should speak volums to you guys and gals.
What about the share price? It stinks. Period. I do not believe that it represents the true value of Starfield Resources. I do believe that it is being held in check for some reason[s] other than what the play is truly worth. Can I at this very point in time prove my point? Nope. Once again, if you believe that something behind the seens is amiss, then cordially, we longs invite you to move on. Which of course some of you will NOT do because you too are believers in Starfield Resources, elsewise you and your aliases would have been gone years ago. That word agenda strongly comes to mind here.
Prompt, up-to-date and detailed, notification to the shareholders as to what is going on in the company. This may not be totally realistic but I include live video presentations, conference calls and more news releases. Etc.
STARFIELD RESOURSES INC. IS IMO, GUILTY ON ALL POINTS IN THAT REGARD. Holding to that position has caused many of the smaller shareholders to bail out. I use to be in contact with 36 guys. To date it is about 9 and all that left have cited the above reason for their selling their shares AND moving on. Did some of you guys note the AND moving on wording. LOL
Well time usually tells the story. If you had hoped to glean a quick profit or even a not so quick financial gain, then you picked THE WRONG COMPANY. If you were looking for a long term investment then you are much more on target. If you are of the opinion that in time, "a fool and his money will be parted", then so be, quickly save yourselves from impending doom, J/K. As for you other 'gentlemen', have a nice day.
Sincerely presented to whoever is left on this BB,
Jerry Francis