Today's News release more clarification requiredCertainly if everything is in place FINANCIALLY this is a really good News release . $500K is not exactly small change and the way the News Release has been written one has to assume the Company has $500K to fund the proposed program.
I believe similar amounts of funding have also been allocated for the Sri Lanka program . With this ambitous Program and presumably the funding to make it happen, why might I ask are the shares trading at 4.5 cents. Does Management know something we are unaware of ?
Analyzethat wrote a great post about all the good things that are planned for SJL but he was justifiably concerned about the REALITY of everything surrounding the Company, particularly the concerns as to why Pinetree have beeen selling their stake in the Company ?
Analyzethat would seem to be totally correct that had Pinetree not sold a large percentage of the shares they owned then the shares of SJL would probably be trading somewhere betwwen 10-20 cents .....unfortunately everyone has suffered to some degree from Pinetree's actions.
One would presume that reading between the lines Pinetree are holding their shares knowing the plans Paul Olgivie has for the development in both quebec & Sri Lanka and in spite of the negatives , I somehow feel today's News Release is indicative that the Company has the funding in place to move forward .....we just need clarification of this as I am sure Paul Olgivie has business associates who can see the value in the proposed programs.
Something for for discussion