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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based investment vehicle considering potential opportunities in all industries. The Company has not generated revenue from its operations.


TSXV:SA.H - Post by User

Bullboard Posts
Comment by Terrebonneon Aug 28, 2015 6:25pm
90 Views
Post# 24061198

RE:RE:Oban Shares

RE:RE:Oban SharesWouldn't be surprising to see Proust jack up the management fees he charges SA, considering the high cost of doing business in Japan. Japan is a far cry from Indonesia where competent drill camp labour costs $30/month. Then there will be Mike's travel costs back and forth between London and Tokyo. How much of SA's cash will actually add value to the company? I can't imagine why anybody would want to own shares of SA. Once they've blown through the proceeds from their sale of their New Oban shares, then what? Apart from the private placement to Qatar Mining five or so years ago, when was the last time SA was able to raise any money? More than five years ago methinks. How many insiders have been buying SA at these historically low prices? None. No, I think SA is DOA. IMHO.
Bullboard Posts