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Stroud Resources Ltd V.SDR

Alternate Symbol(s):  SDURF

Stroud Resources Ltd. is a Canada-based international mineral exploration company with an exploration portfolio in Canada and Mexico. The Company holds its interest in its Mexican properties through its wholly owned subsidiary, Compania Minera San Diego y La Espanola S.A. de C.V. (Compania Minera), which holds prospecting and exploration permits for the properties. Compania Minera holds rights to the Santo Domingo II and Nombre de Dios mining concessions, located approximately 80 kilometers northwest of Guadalajara, the capital city of the State of Jalisco, Mexico. It also holds a net smelter royalty of 0.5% on properties located in Hislop Township, Ontario.


TSXV:SDR - Post by User

Comment by StrikeGoldon Jan 21, 2022 2:37pm
134 Views
Post# 34344066

RE:Pps will not materially appreciate after next PR

RE:Pps will not materially appreciate after next PR

It sounds like you have completely tossed in the towel for this company.   However, many of us do not react to every single news release, and assume the worst for future news.  We know that the drilling program is ongoing and that additional drilling of at least 3500 meters will be done in response to initial results to refine targets as the company stated. 
 
You say that you knew or were friends with George Coburn?    If so, you likley know that he thought Santo Domingo could host well over 100 million ounces of silver.   Did you disagree with him on that point?   Or mostly just think that the current management is inept and will have to sell at any price offered once their "poorly designed" drill program is over?   
 
Or is it that you think Sprott having bought in, and his decision not to exercise his warrants at the time he could have, will doom any future gain in the stock?  If Sprott bought a lot of shares around 40 cents from the last PP (or whatever it was), how would a 20 cent share price say, be of any benefit to him if they were to do a cheap sale at that price as an example?   Why would he not want the drill program to succeed along with us small potatoes you have said he is trying to rip off?   Sprott makes money when companies prove up resources, not when they fail to, just like the rest of us. 
 
 
"The Company is currently updating its planned drilling program for 2022 and will refine the program as the balance of assay results are received. Remaining assays from the 2021 drilling program will be reported as they continue to be released from the laboratory. Drilling is expected to start before the end of January 2022, with at least 3,500 metres planned to be completed by the end of Q1 2022."
 
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