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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is an integrated mineral exploration and development company, which is focused on the acquisition, exploration, and development of rare earths elements (REE) mineral properties in Labrador. It focuses on developing critical rare earths elements (CREE), Zirconium and Hafnium resources within the Port Hope Simpson-St. Lewis CREE District of South East Labrador. It controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 km long belt forming a REE District in Labrador. It also controls additional CREE assets in the Red Wine District of central Labrador. These include the drill ready Two Tom Lake CREE-Be-Nb deposit, the Mann #1 CREE-Nb-Be prospect and Merlot CREE Prospect. The Two Tom Property includes mineral licenses 027358M and 016522M in Labrador, Canada. The Red Wine property is located 80 km north-east of Churchill Falls, Labrador.


TSXV:SMY - Post by User

Bullboard Posts
Post by nosieparkeron Nov 06, 2013 5:36pm
221 Views
Post# 21882783

Offside

OffsideNatural.  Interesting take.  What is most disturbing is that this Company continues to be off side with the Exchange.  They are obligated to disclose "material events" (full disclosure) such as the results of the pilot plants.  It is from this information that the public is able to determine whether or not to invest. SALT is most likely better off sold to this new group as they appear most competent whereas SMY with their cast of characters possibly may never trade again so good to divest the good asset while possible.
However, due to not knowing what was going on many good investors are left holding the bag.  This is a Company with no money and no way to raise funds until trading again......perhaps another victim of this cycle and of management decisions that at best are questionable. (Without full disclosure how can we do anything but question?)
Bullboard Posts