I guess there isn't going to be any further drilling OR any future exploration of Taurus, Buffalo Hills, EVER by SGF.
LM@0!! Too funny!
That dispersal equipment is not just "exploration" equipment. For example: The tandem axle Fuel truck would be helpful in any mining senario be it exploration, construction, stripping, drilling, or production. The same could be said for some of those other items. I guarantee they wouldn't be selling any of it if they had 20 million in the kitty.
They are not getting rid of them because they will never explore again.
Nor are they getting rid of them because the are very close to production.
It looks like a desperate attempt to get a
little cash. (We as shareholders paid full price for these items back in the day and though I do not expect full value for them....I wonder what peanuts we will actually see in the kitty after this auction?) Overlooking that trivial concern....I feel this dispersal is something that should grab all shareholder's attention.
This IMO is interesting only because it is such a
small amount of cash that they will get. We all know their cash situation and it shouldn't surprise us they are desperate.
Now, unless some other "news" develops over the next month or so too augment this non-news event; I am actually viewing this as a positive.
What other News/sales would worry me: The sale of our Buffalo Hills interests OR something along those lines. (and it's not because I think BH is stellar but more because of the msg it would be sending IMO)
Here's partially why.....
IMHO it seems to indicate that they are not only desperate but perhaps
confident that they are close to an event or series of events that has the potential to increase the sp (perhaps to levels that would be better for a pp?). I don't believe this event is a SHORE GOLD production decision but it might be a completed EIS and the eventual permits they are seeking.....sometime in mid 2014.
Would that (permits) get the sp to 75 cents???? Maybe.
Would that re-attract the attention of institutions? Maybe.
Would that spark interest from a suitor? Partner? Major? Bank? Maybe.
As per usual it would be nice if our leader would issue the occasional NR to help us better understand what the up-to-date game plan is????
After all this is our little flower.
GLTA
Pickinbottles