TSX:SRU.UN - Post by User
Post by
JerryFrancison Oct 19, 2010 5:38am
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Post# 17580532
Starfield then and now?
Starfield then and now?Good morning solid investors, burned out old-timers, stratigists, professionals, beginners, wise guys, observers, pumpers, bashers and assorted others suffering some form of dementia. I am sure you could add to that list but those are generally among the ones that post on the various bulletin boards.
I still wish Starfield the best but like Lanny and others, I too am disappointed in the present leadership. This is just an opinion here but sometimes when a company gets a metallurgical report that is not what they expected and it might require another step ot two in the process before they can come up with a final product, ["the little gold bricks"] they balk. They might not want to wait the additional 1-3 years before a solid pilot projects removes all doubt. They might figure that the metallurgists they hired are stalling and come with a to higher price tag. Considering human nature, that might be true, but it is up to them to due the proper DD and pick the right company just like it is for you and I to pick the right stock.
When Starfield announced that they had a process that was environmentally friendly and inexpensive with regard to the use of the sulpher, we were all excited as we had heard FL had some challenges in that area regarding their discoveries. I believe that the ones that presented the above findings/solutions to the company was the Harris group. Dr. Harris and his associates are a well known in their field. Starfield continued to maintain that they had 'the process' long after the Harris group disappeared from the scene. Question? Did SRU ever have a final contract with that group? If not, how could the continue to boast about 'the process' being theirs? It was after that they decided to go on a diamond hunt. That is when I sold my shares. I would like to buy back but all this talk of consolidation of shares is a concern to me. It is refreshing to know that the heavy hitters including SS are still with the company but I think I stay on the outskirts until some verifiable fresh news comes our way OR we get a fresh new management team. Perhaps some of the present older members of the team should step aside and start to enjoy the fruits of their labors. No bashing intended here. I was considered by some of those listed in paragraph one to be a pumper.
LOL and the very best to those with the best of intentions,
Jerry Francis
P.S. I am not looking for comments from guys/gals with 90 to 220 ignores, though I known that is who will respond. If the solid investors have any to say to encourage an 'old timer [literally lol] that would be great.