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Sino Rise Group C.SHD

"Sino Rise Group Holding Corp through its subsidiaries engages in software research and development activities in China. It also provides IT consulting services; and manages and maintains network system applications."


CSE:SHD - Post by User

Bullboard Posts
Post by seisdeplataon Nov 10, 2008 10:05am
527 Views
Post# 15576059

Give up at 15 cents??

Give up at 15 cents??why give this up? this is just a well organized set of papers and a data room, or a sample shack. with sufficient cash to burn for the next two years, the 5.5 billion pounds of copper are worth at least the historical lows.ie., 5 cents per pound for grounded copper. 250m times 70 percent. simple numbers give a basic indication of about 200 million. the whole exercize is to wait untol the set of papers becomes of interest to a developer or to the next in the business post. to sale before then, or to expect news now, it is almost inmaterial to the case. Uli Rath as a manager says he was not in a hurry before when he had better chances of a hot market. He will be patient to work until the next window is opened. Having waited this long will not make him nervous now, I presume. LMC is more of a mistery though. But 20 percent is quite a package and they will pay attention to this someday. At cents to the shares, this is a game of wait and keep waiting. Actually, after all the massive meltdown in the junior canadian market, the isea of what to keep becomes quite critical. Burning costs do ot involve operational risks here. I find that an advantage, given present conditions. For those who do like realities and not paper in base cases, I strongly recommend they look FCC.T. I will keep both of them, just in case the real and the project have both a future.
Bullboard Posts