GREY:SDRYF - Post by User
Comment by
gonecodeon Jul 25, 2011 9:04am
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Post# 18867783
RE: Clarification
RE: ClarificationWell it looks like Swiss and Houndtrader command most of the posts here nowadays.
Things have slowed down for me a bit and I have 3 weeks off............Up north with my kids to enjoy nature.
Not a drill in sight , thankfully .........
Well SDX is still in the dumpers and it looks interesting in Egypt..............I was very worried about the March last week and my buddies who still work there tell me it is being kept out of the lime light because well lets not get all political again here.
Egypt is just of many regions that are a hotbed of dictators who refuse to give up..........Like they say in the song.
New boss is the same as the old boss.
So much money to skim off the top and everyone wants their share............Glad to see some things never change.
SDX is suffering for the very reasons I have explained , time and time again...........You can wish , you can hope.
BUT ! You cannot change Geology of a region without millions of years of forces working on it.
SDX has not the Technology or the ability to make Kom Ombo work............I saw it in the beginning and NOTHING has changed.
SDX has little to do with Gemsa other than collect a 10 % share...4.5 % after tax........
They cannot do or say anything and it is actually the only decent purchase they made..........BUT !
It is in drawdown and the reserve estimate is being touted when in fact the water flood will increase (for a short time) it will draw it down to a point they will see a steady and quick decline in less than 2 years.
And that folks is the truth.............................I still say .........................11 cents soon..........
Even lower if what we think will happen in the States..........Interesting times to say the least.