RE:RE:RE:RE:RE: TCR Change Name (C-SJL) Hi everyone. I wouldn't be too worried about the article. Paul Ogilvie is not an idiot. I believe he knows his stuff. Do you "really" think he would cancel a pending agreement with Plumango Refining Corp, who are definitely well known by the ministry in Sri Lanka, in order to pursue some back yard operation? Even Plumango's director recognizes the quality and knowledge of Torch's team. The July 25th NR stated the following:
"The director of PRC, Bharat Parashar, also offered his support of the proposed merger: "After reviewing a number of potential development partners, we concluded that the Torch team offered the best understanding of the challenges associated with developing the Sarcon mines and a diverse range of solid customer contacts interested in establishing long-term supply agreements. The ability to execute across both production and sales platforms was a key criteria for us, and we look forward to working closely with Torch to achieve the near-term revenue and earning's goals we have established."
That description of TCR's (now SJL's) team is pretty clear.
In spite of the this glowing commendation, Torch is the one who decided to back out of the deal for specific reasons and found a better option. So I think our CEO and his team are quite a bit smarter than this latest article hints at making things look. Not everything you read in the news is accurate or even honest. That's an understatement.
If people are getting nervous and selling off their positions at these prices, they will be the one's losing out. If you want to make it in the markets you have to keep those emotions under control. No way in hel* would I give my shares away to someone else. Even without Sri Lanka, SJL is way undervalued. Sometimes a company just has the wrong shareholders and they need to be cleaned up by stronger hands. The ones who hold tight and keep a sound mind will have the last laugh. I wished I had an extra 100 grand kickin around. I'd clean it up real quick.
Our shares are worth a heck of a lot more than this. You can't tell me that the market is logical when you see CCB's share price performance compared to where we are at. Regardless, more data will present itself. Then the herd will come bounding back in like mad. The sellers at these prices will be crying the blues.
Well actually, if they are that desperate to have to sell at these prices they are probably crying the blues over other pastures. Pinetree is selling at a fraction of the price where they got into prior financings way back. How retarded is that. They should know better.
Yes the market is frustrating when it does damage to a share price like this but I have confidence in SJL's leadership team regardless of what some journalist in Sri Lanka writes. Success to the longs.
AT