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Sagres Energy Inc V.SGI



TSXV:SGI - Post by User

Post by tanninon Apr 27, 2023 1:45am
207 Views
Post# 35416247

Vote NO...............

Vote NO...............
I've added shares and will vote NO. The 'loss' reported includes expensing 100% of taking off overburden from 60k ozs of rich open pit ore in main pit deeps project. That 'expense' could have been capitalized, and expensed off as the ore was extracted...that decision made a poor year look much worse than it was. CYL need us big time, and we're dumb as a bunch of hammers to be giving the company away for nothing.....vote NO. We are cash flow positive now, do not need money, and are in a brilliant position to negotiate a joint venture with CYL to develope our mutual interests in marymia...which is how it should have been approached in the first place.
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