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Seafield Resources Ltd V.SFF



TSXV:SFF - Post by User

Comment by dmaclachlan86on May 25, 2011 12:22am
550 Views
Post# 18621188

RE: RE: David jumps overboard...

RE: RE: David jumps overboard...Listen I jumped ship because I see much more potential in SCG then SFF.  I am not even the slightest bit upset that I made the switch.  Sure there was a nice run-up today and I'm happy for everyone who held on.  If you look at the chart, during the vicious pitfall since December though, SFF had a few up ticks only to resume the the down trend.  I would be shocked to see SFF climb some more tomorrow with the resistance shown at current prices and the little on the buy side.  So many people are sitting at a loss right now and can't wait to unload their shares.  I agree that SFF has the potential in the long-run, but it will take a long long time in my opinion.  Gold stocks are getting little attention at the moment as shown by most valuations taking serious hits. My girlfriend and family are still involved here as well as some close friends.  I hope for everyone that SFF can turn things around but this news release was nothing special.  Great someone put in $3 million.  They didn't even need that money and it only added to the dilution.  I was high on SFF for quite some time but with the continuous failure to deliver and the lack of shareholder care I have changed view and would rather be in an emerging company like SCG as opposed to a falling knife like SFF.  Sure the $20 million will get them some nice drilling but what's next?  More dilution?  The cost of developing a producing mine is so high and where they will get that money is a mystery to me.  Are investors are hoping SFF gets bought out by a major player with the funds to advance the projec?  If that fails, further dilution is inevitable.  I still like story but will get back in when investor sentiment takes a turn.  Like I said I wish everyone the best of luck here, but I am happy with my move over to SCG.  Less risk with huge growth potential.
Dave
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