Ask yourself this.................What happens to this lil flower and it's long time holders IF they go back to the drill bit AND the samples are poor????????
That is the VERY real risk with this plan. It is not an automatic that inferred will get proven up. What would happen to the SP?
When you only drill a small amount of holes anything can happen. I have witnessed a very competant team (not Shore Gold LOL) confidently plan a re-drill program....only to see terrible outcomes. That company survived the fallout because they had a huge pipeline of targets, lots of cash, and like I said.....a competent team. Compare that to Shore Gold! SGF is nearly a mirror opposite of all those things!!
I thought Ken told investors a few years ago that SGF was nearly de-risked. Oh yeah, he's had a few lines over the years....mostly via Joe or George.
The most recent one I've heard was in regards to PDAC and the presentation...nudge nudge wink wink...."we are taking two different presentations this year!" Somehow trying to fool some into thinking this magaement team is close to a significant real news event. LOL!!!!!
Who could forget? "the report is imminent" OR "the mood in the office is upbeat".
All were lines to play with inexperienced retal investors. Cruel jokes......nothing more.
Do not get caught holding this as long as KM remains in charge. Trade it wisely....there will most likely be a run up in sp over the next little while.....do not get greedy and start dreaming about dividends and helicopters again.
Given the cash position, EIS status, and potential drill plans.......There is more RISK in SGF right now than there was 5 years ago. Thanks again KM.
JMHO. DYODD.
GLTA
Pickinbottles