Silk Energy Ltd SLKEF

RE: Credibility

[millright]

surething, You know I had no doubt that ISM had lots of cash, with that brilliant placement that Dundee did [gawd, they blew their reputation with that one, didn't they], they raised a good chunk of cash. And they've been doing dick - supposed to be a bunch of new drilling crews - nothing by year end. Supposed to be a big ramp up in exploration - still limping along at pre- promise levels. Going to dewater and have things rolling at L1 - still trying to figure out how to apply for a permit. So surething - I thought you must be off base saying cash was tight. But why is everything at a standstill? You may be on to something here. Could it be that they're preserving cash because they're still not past their legal problems? Remember that pathetic excuse for the NSR purchase - where ahh...Randy....ahh and some others got paid $2 million. The rhinestone mineboys have never explained how RM had an an NSR in the first place, but what's new - they survive on denial. The BS on that was they paid in advance to take advantage of favourable currency - makes no sense, but ahh...Randy....ahhh may have figured you could run anything by someone that had fallen for the past hype. And the NR on that one was way after it happened - suspicious! Then they came out with the contradictory explanation - isn't that a sign of a forthright bunch of guys! Some reference to the fact that they were still getting pressured from those guys in the lawsuit - at least that's how I took it. It was such a convoluted excuse, after already giving another excuse - it was hard to figure out. So could it be that there are still legal problens with the ISM claims? That would explain so much, it makes the possibility of a frozen treasury seem quite plausible. All the delays, restructure, dewatering, exploration ramp up, AGM - what can the reason be for nothing happening on these simple matters? And the lack of communication - could it be that management doesn't want to deal with needed disclosure for fear of tipping their hand in legal proceedings? And the absence of a number of former cheerleaders who seemed to know things in advance [remember MiningDD getting muzzled?] surething, you may be dead right. Maybe the treasury is being restrained because of some problems that can't be disclosed. There's cash there, but maybe its locked up? Would explain some otherwise unbelievable management inactivity and disregard for shareholder communications. I've heard that IR is almost impossible to contact, and unless Abie had another fantasy conversation - the IR hack is almost maudlin in his replies when he does respond - "behind the scenes work" - "pivotal points" - what a pile of steaming B.S. Maybe all this nothingness that RM has been overseeing was cash preservation. Do you think The Fairy God Father would have been tipped off on that - and that's why he has been so quiet? Or is it like I identified - the Grade A Fancy is bruised, in the ego area? I can't believe him falling for that Darcell fantasy - Johny Appleseed seems to fall for the big city line, doesn't he? Likely his Manitoba roots - they've never had one. By the way, surething thanks for reminding me of the resident expert's insight on the cost of drilling - I'd forgotten about that bit of lunacy.