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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is a Canada-based integrated mineral exploration and development company. The Company is focused on developing critical rare earths elements (CREE), zirconium (Zr) and hafnium (Hf) resources within the Port Hope Simpson-St. Lewis CREE District of Southeast Labrador. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 kilometers (km) long belt forming a REE District in Labrador. The Deep Fox Resource is located approximately two km northeast of the port of St. Lewis on the southeast Labrador coast, within 12 km of the Foxtrot resource. The Fox Meadow Prospect is located approximately 11 km west of Port Hope Simpson and one km northwest of a gravel forest access road which extends southwestward from the Trans-Labrador Highway. The Red Wine property is located approximately 80 km north-east of Churchill Falls, Labrador.


TSXV:SMY - Post by User

Bullboard Posts
Post by 21milehillon Aug 25, 2004 1:25pm
157 Views
Post# 7848899

Lower the flag but keep your chin up

Lower the flag but keep your chin upIt's just good manners to run the price down for a few days. Sorta like lowering the flag to half mast as a show of respect for the person lost. This event doesn't change the outlook. The business will move forward unchanged in the near term. Things will develop much the same as if Tres were still there. His contributions will stay in place for some time and are not lost the day he departs. Turnover can be good for a company. I would bet that in the last year and a half Tres has given Samsys the bulk of his very best ideas and has less left to contribute. Bringing in a new COO chosen specifically to move Samsys through the next phase could turn out to be a positive. Someone well connected would suit me just fine. Or maybe Matrics has a star that wants more control than is available under Symbol. There is the potential for positive news to flow from this event. The bears were in retreat for several days before this news and buyers were bidding up. I've added a third to my position today and will ad another quarter below 2.80 if possible. There's more upside than downside at this price.
Bullboard Posts

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