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Seafield Resources Ltd V.SFF



TSXV:SFF - Post by User

Comment by D.C.2252on Sep 06, 2011 8:45am
465 Views
Post# 19013578

RE: RE: RE: RE: RE: Batero

RE: RE: RE: RE: RE: BateroI TRIED EVERYTHING TO WRITE IT WITH SPACE BETWEEN THE LINES BUT AFTER I PREVIEWED IT IT WENT BACK TO THIS DAMN BLOCK. SORRYThis could be a problem:"There are significant uncertainties regarding the price of gold and the availability of equity financing for the purposes of exploration and development. The future performance of Seafield is largely tied to thedevelopment of its gold properties and the overall financial markets. Financial markets are likely to be volatile, reflecting ongoing concerns about the stability of the global economy and weakening global growth prospects. Unprecedented uncertainty in the credit markets has also led to increased difficulties in borrowing and raising funds. As a result, Seafield may have difficulties raising equity financing for the purposes of gold exploration and development, particularly without excessively diluting the interests of existing shareholders. These trends may limit the ability of Seafield to develop and/or further explore its gold properties and any other property interests that may be acquired in the future."With all this turmoil in Europe, they just get nothing together. Even Gold stocks will be hit hard in my opinion if the situation worsens.Greece needs the next aid package but tomorrow the constitutional court in Germany will decide whether these aid packages are legal or not after a class action suit. I hope it's illegal. With all this austerity Greece can't grow. If they left now, after a short downturn they would be far better off in my opinion.Deutsche Bank CEO Josef Ackermann said the situation reminds him of the 2008 situation. Fearmongering or real concern?In 2008-2009 Seafield traded under 0.10. I'm not saying we'll see this price again, but I think Seafield cannot sustain this price level despite support buying of the CEO.Obama wants to create jobs and he'll announce it in his speech. Why did he wait that long? Will Bernanke present QE3? Enough with the easing! QE1 helped boost the market around 38%, QE2 only 10%! New QE's won't have a significant effect anymore. Look at the market as a patient. While he responded to the antibiotic in the beginning he's getting more and more immune to the treatment.Closing comments: In my opinion the Euro is beyond remedy. At least in some countries. Politicians need to much time to react on both sides of the atlantic.All eyes on the constitutional court in Germany tomorrow... .
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