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Silk Energy Ltd SLKEF

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.


GREY:SLKEF - Post by User

Bullboard Posts
Comment by surething1111on Apr 11, 2009 9:11am
223 Views
Post# 15911220

RE: RE: RE: RE: NOT POSSIBLE ?

RE: RE: RE: RE: NOT POSSIBLE ?Drillbit,

You said: "Who cares who buys it, Chinese money is as good as anyone’s."   I couldn't agree with you more. It's not really a problem whose money it is,  it's how much money that counts.   Going to take a lot of money to get you your 35.00 a share.

However,  you might want to keep this in mind,  I read it in ISM's revised AIF. "While the discovery of an ore body may result in substantial rewards, few properties which are explored are ultimately developed into producing mines"  page 41

Of course page 42 offered this little snippet "The development and success of the Langmuire property will be primarily dependent on the future price of nickel"

I felt sure the revised AIF would be a feel good read, had to  keep checking I was wearing my reading glasses and not my sunshades. 

Did anyone else notice that you don't have to own but 1 (one) share, to have more invested in ISM than one of it's current board members.(page 47)  Ah, but if memory serves me right isn't Mr Newman the one with a wife and a large family and something about holidays, wish I could remember why any of that is relevant.

So Drillbit we agree on something where the money comes from is meaningless, but the amount of money now thats a whole different story eh?

Seems Jilin Ji En might have already put a cap on Shaw Dome area  property values in these current economic times. Lets not forget they also get a 51% stake in the state of the art mill, something that ISM, GCR, SFR etc would not be bringing to the table. 

I'm thinking that unless you want to wait for 25.00 dollar/pound nickel, and inventory shortages to take hold, it's gonna be nigh impossible for you to realise anything close to what you think your shares will ulitmately be sold for.

But, then I thought that long before the revised AIF.

Food for thought
S
Bullboard Posts