OTCPK:SSGLF - Post by User
Comment by
jeho1on Dec 06, 2011 3:09pm
257 Views
Post# 19296506
RE: 7.7
RE: 7.7Brrr what an amount. If these blocks hit the market, it will be game over for a while. Afterall a good PP then, at levels we should be very happy by now. Kingdaddy was complaining about the price level and timing, but we, including Mr Fleming, have to admit the shareprice was overvalued and expectations were too high and not realistic. At $1,10 with 24+M shares outstanding, the marketcap was $26/27M. Way too much for a company with (yet) nothing. Certainly annoying was the overpromoting done by Adrian, i.e. a few days before the drill results placing the advertisement on stockhouse. And then anouncing that kind of results...Another point is the vague statements about the cash available. Adrian 'The program came in in budget'. So where is the 3M left? Then 7M available for next drill season according to IR, thereafter Adrian: 'We will exit 2011 with over C$5 million in the bank' and know 'with an expected C$5 million available'. 'Expected'? So hardrockers: Should I stay or should I go now? If I go there will be trouble, an’ if I stay it will be (at least a) double. So come on and let me know! cheers