Post by
montybissett on Apr 30, 2018 5:58pm
Good point MM99
Nothing wrong with being negative with reasoning. We are at a value of 1/25 th of what Integra got taken out for. If you include our cash. Are we worth what Integra got taken out for. No. Not close but it shows just how far out of reality our valuation is. This is about mgt integrity and strategy and being extremely unlucky. We have 2 fabulous finds with 2 MRE now on board to build on this summer.
As mentioned before we got unlucky when we found nickel at the time we did. 2 years early or 2 years late. Didn't raise timely funds on the back of it. Made it a priority for too long and on and on
to the latest mess.
Who is going to put out a document that damages the value of the company dramatically then hide. That is like a penny stock deal on the VSE 25 years ago. If you were running a major company hiding wouldn't be an option. Actually you could hide it just wouldn't as the head of the company.
The bottom line is we have 2 great finds. It is now critical we don't make anymore bad decisions.
The only way I can see significant value to shl is to prove we have deep gold at Mart and hit the targets DW has been talking about at Grass. The story continues on the EV Ni front and the jr gold sector makes a turn. Then we do a JV. We don't get to 2.00 plus drilling on the 810 property.
Again I realize it is exactly the oppoiste of DW thinking but a streaming deal provided we have the goods and perform this summer is the best and only way to unlock value. Can we firesale off the company for 75 to 100 million if we have good results from spring and summer
Probably.
One can only think this is about lowering expectations dramatically. If it is, then DW has done his finest work to date in the industry as a CEO.
HC