RE:RE:RE:Good volume today 1 Million plusI can't see that happening. Stroud's been around since 1983. They are very aware of this bull market and already showing signs of better management .. Sounds like they are getting it together by getting rid of debt and freeing up some cash to move forward. The past is in the past. It's what they are doing now that matters.
The important eye opener here is they have lots of Silver and more cash for the Santo Domingo gold & silver project.
Release on June 2nd
"We are pleased to have reached an agreement which we believe significantly improves the Company's balance sheet and allows Stroud to focus on developing its silver-gold project in Jalisco, Mexico," said Mirsad Jakubovic, President of Stroud Resources Ltd. Following the close of the Transaction, the Company intends to redeploy net proceeds from the disposition to pay certain debts and advance its Santo Domingo project.
Stroud Resources Ltd. ("Stroud" or the "Company") (TSXV: SDR) is pleased to announce that it has reached an agreement to sell its 100 percent interest in the Company's Hislop project (the "Property") to a private company, Hislop Gold Company Ltd. ("HGCL"), for $225,000 in cash and $1,275,000 in assumption of debts owed by Stroud to certain debtholders