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Stroud Resources Ltd V.SDR

Alternate Symbol(s):  SDURF

Stroud Resources Ltd. is a Canada-based international mineral exploration company with an exploration portfolio in Canada and Mexico. The Company holds its interest in its Mexican properties through its wholly owned subsidiary, Compania Minera San Diego y La Espanola S.A. de C.V. (Compania Minera), which holds prospecting and exploration permits for the properties. Compania Minera holds rights to the Santo Domingo II and Nombre de Dios mining concessions, located approximately 80 kilometers northwest of Guadalajara, the capital city of the State of Jalisco, Mexico. It also holds a net smelter royalty of 0.5% on properties located in Hislop Township, Ontario.


TSXV:SDR - Post by User

Bullboard Posts
Post by rutherenyon Apr 24, 2007 5:08pm
301 Views
Post# 12667259

Why Not Sell Hislop?

Why Not Sell Hislop?I bought this stock about 6 months ago and I am disappointed with the lack of progress at the Santo Domingo project in Mexico. Only 3 holes drilled in 2006 and none drilled in this year’s drilling program so far. With the current price of gold, Hislop’s value is close to its maximum worth. Why not sell or joint-venture it? Plow the proceeds into Mexico, since the money must be getting low. These guys can’t go back to raise money by issuing more shares, the dilution is killing us. I’m going to call the IR guy to get the status of the projects and find out how much cash is available, at least he answers the phone.
Bullboard Posts