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Sama Resources Inc V.SME

Alternate Symbol(s):  SAMMF

Sama Resources Inc. is a Canada-based resource company. The Company is focused on exploring the Samapleu nickel-copper project in Cote d’Ivoire, West Africa. The Company’s projects are located approximately 600 kilometers (km) northwest of Abidjan in Cote d’Ivoire and are flanked to the west by the Ivorian and Guinean borders. Its projects are located adjacent to the nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125 km-long new Base Metal Camp in West Africa. Its property includes Samapleu Property, Zeregouine property, Grata Property, and Zoupleu Property. Its Grata Property is located adjacent to the north-eastern boundary of the Samapleu Property. Its Grata Property covers 92 square kilometers of property in Cote d’Ivoire. The Company's subsidiaries include Sama Nickel Corporation, Sama Nickel Cote d’Ivoire SARL, Societe Miniere du Tonkpi SARL, SRQ Resources Inc., Sama Resources Development Inc., and Sama Resources Liberia Inc.


TSXV:SME - Post by User

Bullboard Posts
Post by allmineon Apr 06, 2007 10:07am
370 Views
Post# 12561291

Alberty

AlbertyHi there, everyone knew everything that is going on for the last 3 MONTHS, not just 3 weeks. I'm sticking to my theory that the M.S. publications are just using this to pull up their average because of so many other stinkers and that the company probably does not want to play ball because M.S. does not have the pull it / he used to. Maybe the guys at Angel Publishing wanted a big slice of the debt placement to keep pumping and were turned down. I spoke with I.R. and was told, well more or less promised, that now with the debt placement closed the company will not have to go to the market for cash any time soon, if ever again. The increased production is also going to allow further access to the credit line which is cheap money.
Bullboard Posts