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Seafield Resources Ltd V.SFF



TSXV:SFF - Post by User

Comment by HoundDawgon Jun 20, 2012 11:03am
325 Views
Post# 20034299

RE: RE: Sell Dosquebradas to fund Miraflores?

RE: RE: Sell Dosquebradas to fund Miraflores?

Argentina is a place that nobody wants to be after they stole YPF.  Expropriation and the treat of further expropration tends to lower value.  Unfortunately Extorre could not go to the market being in that region with that risk.   Further even safe havens can't raise funds.  Even if SFF could go to the market they need a $5 SP to raise money or the dilution is crazy and we own nothing.

Really not sure where this is going and what the next steps would be.  The burn rate for cash is very high and most of the drills are doing infill work.  If Ceasar has a plan I sure would like to know what it is?  Held this stock for a long time and would like to be opptimistic but I don't see a plan....

HD

 

 

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