Sama Resources Inc V.SME

Alternate Symbol(s): SAMMF

Metals & Mining Industrial Metals & Minerals

Sama Resources Inc. is a Canada-based resource company. The Company is focused on exploring the Samapleu nickel-copper project in Cote d’Ivoire, West Africa. The Company’s projects are located approximately 600 kilometers (km) northwest of Abidjan in Cote d’Ivoire and are flanked to the west by the Ivorian and Guinean borders. Its projects are located adjacent to the nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125 km-long new Base Metal Camp in West Africa. Its property includes Samapleu Property, Zeregouine property, Grata Property, and Zoupleu Property. Its Grata Property is located adjacent to the north-eastern boundary of the Samapleu Property. Its Grata Property covers 92 square kilometers of property in Cote d’Ivoire. The Company's subsidiaries include Sama Nickel Corporation, Sama Nickel Cote d’Ivoire SARL, Societe Miniere du Tonkpi SARL, SRQ Resources Inc., Sama Resources Development Inc., and Sama Resources Liberia Inc.

TSXV:SME - Post by User

Sama Resources Inc

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Post by WPugeton Feb 19, 2005 10:41am

267 Views

Post# 8620999

Large Short Position

I always get concerned about a large short position. This company has over 600,000 shares sold short as of Feb 15. Would it be fair to say that short sellers are not really believers in this company? In most cases the people with the most stock and therefore have the capability of taking the risk of short selling are . . insiders. It just doesn't seem to be a very healthy situation to me. Any advice out there?

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