re: bigmic
Read this VERY CAREFULLY, I've been asking this question for few months and no one here was able to answer it. What has happened to ReHot property where SIP actually owned 100% interest (this was suppose to be game changer). Any gold trace on that property would have allowed SIP to sell it to T.CGT (eventhough Scott's initial plan to have it sold to T.ABX back in 2007).
How CGT would buy it. SIP would consolidate 2 stock into 1 and and hand us to CGT to take over SIP shares; translation, each of our share would go for around 40-45c each
Now pay attention to there website: ANOTHER PROPERTY IS MISSING "GUILD PROPERTY"
They had 5 property now they are down to 3. And non of them are fully owned by them they only share interest.
Forget drilling, they can't make any sell decision independently, what does this mean to shareholder's value?
Why they haven't they share this info with shareholders? Thanx god i don't have a position at the moment.
GLTA