OTCQX:SREMF - Post by User
Post by
Barolo12on Mar 02, 2011 5:36pm
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Post# 18221724
Tomorrow
TomorrowI held off selling yesterday thinking we might get some reassuring words from CLQ management. In hindsight that was a mistake and I think the selling pressure today was many people bailing when this did not occur.
The announcement by mgmt was odd. Internal review of data did not come up with the same numbers as the external 43-101 review. I appreciate the fact that mgmt decided to go with the full disclosure option but am wondering how far off the comparative numbers were to generate this news release and third party verification? How long did mgmt know there was a disconnect? Did they contact the people who did the 43-101 to compare notes? I assume they did and that they could not reconcile the differences.
All of this calls into question the original data and makes me think the news in 2 weeks will not be good.
So my inclination after avoiding the knee jerk reaction is to sell tomorrow and try to make back my lost $ somewhere else.
The only thing keeping me from selling is the fact that the cash value alone is probably worth .50+ per share, so selling in the low .70 range puts zero value in the existing mine.
Gotta think that the company is worth at least .75 assuming they have resources to mine.