RE: reminder of the near futureYour confidence intrigues me, especially in light of what tony disclosed and you corroborated - that being that despite owning the majority of the project, we are merely pawns in a much larger game with little say......
You claim that enamco will accept a full production scenario only and will make the mining licence have strings attached to make sure this is the reality. This means a sale is the only option because financing the full meal deal isn't feasible with our share structure and stock price. You further confirm that enamco has final say on who we sell to.
Would love your take on a couple questions:
1. Does the scenario you guys suggest sound like sgc is coming from a position of power in a bargaining situation? If not , what leverage do they have to maximize price for shareholders?
2. Do you think whomever is the selected suitor gives a rats a$$ about us sgc holders? Considering their mgmt answers to shareholders as well, is it not in their best interest to try and steal sgc assets for a song to maximize profit on their side? Why would they bid high if they know we have nothing if we reject?
You talk about 500% potential returns, I presume looking into the future with sgc retaining a 40% ownership but then layout the behind the scenes stuff which suggests that a takeover is the only option. Lots doesn't add up here to me. Furthermore, if what you are saying is true, it's fair to assume sgc mgmt has known this to be true for a long time, why then have they wasted the money and resources chasing this dream of staged production if it was doomed from the start. The logical course of action was sell sooner or else put the cash they do have into drilling the rest of their targets to find more reserves. That was the most logical way to create value in my opinion.
Bottom line doube (or/and tony), help me get comfortable so I can have the balls to buy 300k more shares and hit the jackpot like you suggest is coming. Now I guess I will wait for the chastising that's sure to come cause I'm not wearing pompoms. Don't take me as a basher for I am not. I am a realist who is long in excess of 300k shares with an amount invested not commensurate with an appropriate net worth. I need about 33 cents to be made whole. When I was buying, I thought that was a layup. As it turns out, I'm starting to feel like dwarf who entered slam dunk contest.....
zad