OTCPK:SUNYF - Post by User
Post by
Mr_Jameson Aug 01, 2013 6:35pm
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Post# 21645141
Mr. 54
Mr. 54Thank you for your response. My due diligence was done and yes I was aware of the amount of OS, but this company keeps adding more by the millions to the float. This is not a good thing, it reminds of something Jason Gigliotti (President of Habanero) would do, in the Oilsands as well, now just another Venture exchange stock.
After speaking with my friend a tradesman on Sunshine Site, like I said I did not get good feedback.
You also speak of deep pockets, the Asains have. This is a given but can you see that everything comes at a cost. The Asains are not going to just give this company free money, this is the real world, it will come at a cost.
Debt and a JV this sounds more and more like Opti - Nexen and Long Lake by the second.
They have spent close to 700 million and are not producing and like I said it is not probable they will produce this year, or even until mid to late next year. The money is drying up, and yes you spoke of only being 8 % over budget for quarter one or 32 million, but really what is the proof of this. Any good account or business manger can puch paper and make things read or show strong results. But with a company like this we have no production rates, and with close to 3 Billion shares, for the share price to be $3 that would give it a market cap of 9 Billion.... This would be equal to the market cap of Canadian Oilsands Trust (T.COS)
I do feel it is time for me to move out of Sunshine and head over to T.CLL as I do feel I have made a bad choice with Sunshine.
And I do appreciate your feedback and positivity Mr.54, good luck with your investment.
Mr. James....