OTCPK:STADF - Post by User
Comment by
redfoxon Aug 06, 2005 8:53am
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Post# 9367381
RE: So explain the $30 million investment
RE: So explain the $30 million investmentBenson;
as you are so right and bright, why don't you go back through the press releases, see when they said that they would do things and then you figure out and state how they met their targets.
The fact that insiders hold so much is squat. What is important is what has happened over the past 2 years, with a seemingly literal gold mine or mines at their feet and the best gold market in a decade and where are they on production for each of the mines; where are they on the Alaska property? Where is the return for shareholders, and I dont mean the control the shareholders but the regular guys who bought into this?
There are some positives: -Will this have a chance, yes. Will those that bought at 6, 7, 8 and so on cents make money--> absolutely. Will this get rolled back at some point - bet on it. Even at the annual meeting this was raised and the answer was, yes, but not until production starts. Will production ever start - yes, probably this fall. Will it produce at the quantities stated- who knows as it depends on the grade of ore.
One thing is clear - over the past 2 years production was just around the corner and it has been a very long corner. Lets hope that it is in fact a corner and not a circle.
So, I await your post as to what they have accomplished and what production targets they have met.
Having said that, best wishes to all- who knows we may one day be surprised and this may see 1/2 a buck or more. Certainly the control shareholders believe in this and have a huge holding. It would be a mistake to not follow along with them.