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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 11, 2024 2:12pm
82 Views
Post# 35821959

RE:Mirsad!

RE:Mirsad!

Gimmesomemore.   Look at the Nov. 30, 2023 MD&A on SEDAR.com.  It will give you the company's cash position and updates on drill programs, drill results, exploration, legal agreements, and any changes that have occurred since the last MD&A
 
As far as other things behind the screens, like negotiations with other companies for a buyout, that would not be in the MD&A, simply because it's not a news event, but be can be found out by talking to management directly.  
 
No need to take what I say or anything else here says about the company when it's either on Sedar or can be found out from the company. 
 
 
 
 
Highlights from Nov. 30 MD&A
 
The Company had working capital of $343,072 at September 30, 2023
 
.....
Stroud holds its interest in its Santo Domingo property through its wholly owned
subsidiary, Compaia Minera San Diego y La Espanola S.A. de C.V. ("Compaia
Minera"), which holds prospecting and exploration permits for the property. 
 
......
The Mexican Mining Law was amended by a Congress Decree dated February 22,
2005, published at the Office Daily of the Federation on April 28, 2005. Under this
amendment, exploitation mining concessions are now valid for 50 years and all
existing exploration and mining concessions were automatically converted into
exploitation mining concessions from January 1, 2006. Compaia Minera has leased
surface rights from Ejido of Santo Domingo de Guzman to cover the mining
concessions and the surrounding area.
 
......
In November 2017, the Company signed an agreement with the owners of the surface
rights on the Santo Domingo property to give access to the property until 2023 and
provide potential for renewal of the access rights. Concession payments due under
this agreement total approximately $8,600 due in November 2023. The Company is
negotiating a new agreement with Surface Holders.
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