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Santa FE Metals Corp New SFMCF

"Santa Fe Metals Corp is a Canada based mineral exploration company. It is engaged in the acquisition and exploration of mineral properties in Canada and Mexico. The company’s projects include Cuatro Ciénegas located in Mexico; Sully Property located in Canada and Iron Range at Canada."


GREY:SFMCF - Post by User

Comment by tabbiebarrieon Aug 08, 2014 12:19am
97 Views
Post# 22820873

RE:Exciting days ahead.

RE:Exciting days ahead.
Hey grassyknoll, I am sure the pp will get done , even if management has to do some kind of a gypsy swap with brokers to get it filled. , but my guess is it will take time to raise all the  funds and close the pp. I foresee closing a first tranche as quick as they but even so. Unless they have money in the kitty or managenment lends personal funds by the time pp funds kick in, this will  be a September drill program. My stratewgy for what it is worth and that is not much, if they did have  available money on hand and thinking that they narrowly missed the target by 100 meters, I would have drilled one more hole anticipating a hit and then raise funds at higher share price levels while the drill cores were awaiting analysis, but hey what do I know. On the other hand I might have done that new drilli on the QT just in case it missed and as it is an ongoing drill program it is not necessary to release news on every hoie, but at the program completion.That would be my strategy. In fact the announced drill prograq previously gave shareholders, at least some of them,the impression that drlling had stopped or was suspended with no indication when where and how they planned to proceed other than stating they were doing a complete analysis.That is my peronal opinion as a non expert.
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