RE:RE:RE:RE:RE:Management Discussion and Analysis for Stroud SDR Ok, needless to say there's definitly been abit of tension here on SDR these last 24hrs. Before anyone is thinking to call it quits selling your shares getting absolutely ripped off @ half a penny like today(120,000 shares), I would like to mention that I emailed Mr. Jakubovic in regards to the Santo Domingo gold & silver project.
I agree with MrsGoldminer. Realisticly, SDR is not a dud that some of you might think right now. Public reports change very quickly. Keep in mind Stroud is sitting on quite abit of Silver that just needs to commence drilling.
I hope I'm not violating any privacy issues here, but below is a copy of Mr. Jakubovic's email to me. Patience is key. Also, looks like the website will be up by the end of the year.
Hi Norm,
On June 2 we announced a sale of the Hislop property that would see a lot of debt wiped out and some cash into the Stroud bank account. That transaction should close this week.
The cash is not enough to do any drilling on the Santo Domingo project but it should allow us to pay some urgent payables and to prepare an update to the 43-101that we have for the Santo Domingo property.
The new 43-101 should be ready before the end of this year.
I am thinking to reinstate the website as soon as the 43-101 is ready -
Stroud drilled around 15 or 16 holes subsequent to filing its original 43-101- drilling was in 2011 and 2012.
The holes were pretty good but did not really interest the market at the time they were announced.
I am hoping that with minimal expenditure, we can issue a revised 43-101 report that incorporates those holes
and improves the reserves from the original 25M ounces of silver (equivalent).
This is only the first step, but it is an important one as we could see a good jump in the above numbers.
We would then use that report to market the property to potential Joint venture partners in Mexico or potential investors
to advance the property.
Feel free to call me at
416-888-8731.
Best regards,
Mirsad