Board ToneThe sentiment sure has changed on the board here over the last while. Part of that, I guess, is who is doing the posting. It's also to be expected given the stock price and lack of activity on the company's part. Not only lack of activity but lack of any news. I swear that SXL is one of the few stocks out there that has not rebounded off its "recession low". We seem stuck at $0.015 with what I am assuming is a HUGE overhang of Asks at $0.02. I'm guessing that those selling at $0.015 are the same traders that bought at $0.015 and were hoping to flip the shares at $0.02 for a quick profit, but that simply isn't happening (no volume/demand) so they're bailing at $0.015. Make any sense?
Are the finances a concern? Can anyone speak to that. I mean that's what exploration cos. do - burn cash. Maybe I'll skim over some simiIar co's finances for a quick comparison. I do admit to being concerned about further operations re. financing if the stock stays at these levels.
Some have jokingly said that mooreman might be Mike Taylor but I worry that maybe Mike Taylor is bumper and he's been warning us incognito since the stock was at $0.04-$0.05 to get out. As for the whole naming thing, I thought it was harmless, though I was ready to rant on their heads.
So...we have about $400,000 - probably less now since that was the end of Jan. Maybe we have $0? If we do in fact have cash then why not drill where costs are low and results are certain to be positive. Oh, and holes are shallow so we can drill more. Why not "infill" drill or extend Nash. Even just a 1/2 dozen shallow holes in very near proximity to where we've had strong results in the past. Do a pr stating we hit 30-40m of massive sulphides...stock goes up, then later release results...stock goes up more and brings some attention back to sxl and its Nash Creek deposit. We need a higher sp to do any sort of financing. That would be one way to get us going again. Why burn up the cash on the Ont. gold properties where results are promising, yes, but won't get the attention of investors when there's other cos. out there reporting bonanza grades over very wide intervals.
A bit of a rambling post but I too am getting frustrated and in turn, depressed. Sorry, no names. I want this post to remain.