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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

Post by StrikeGoldon Apr 14, 2023 2:25pm
183 Views
Post# 35395713

My take

My take
Mirsad and other stroud management have always helpful and answered many of my questions over the years, both email and phone, while Mirsad got the company back on its feet.  He renegotiated deals that put the company in a better position and well as taking care of a couple of legal issues and getting Sprott to invest.  First restarted drill program didn't deliver on most holes.  Several had broken drill cores passing through old mine shafts that while depressing news, were reported once results were known.  Possible deeper running silver veins on newly explored zones.
 
Now we aren't getting updates from management.  Health issues is a possible reason and could come from multiple causes.  I suggested one - could be something else.  But management ignoring emails and calls seems out of character with my experience over about 7 or 8 years.  Many on this board likely feel the same about management's responses in the past .   

One can say they decided to simply 'give up' and throw in the towel, or deliberately not reporting bad news, but that doesn't fit in with past experiences. 
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