Samco Gold Ltd V.SGA.H

RE:RE:Insanity

[Perfecto]

Samco publishes the fact that the Argentine government won't let Northern Orion/Yamana appeal a previous decision to award a percent of proceeds from an unrelated mine to one of their directors.

https://www.marketwatch.com/story/samco-gold-provides-update-on-argentinean-proceedings-involving-yamana-2014-10-29-161731836

But no mention of the fact that Pan American hasn't signed the option agreement by the Nov 1st termination date, nor an extended date as was done on Sept 30th.

Now with less than $2 million cash, they have 1 year to go before running out.

To appropriately misquote.  "They want to take a lot, by law or stealth.  But time is the only real weath they have not".

[Perfecto]

My original post was deleted. The truth is not welcome here once a certain entity gains a large position. Just beware that the company ran out of money before the end of June and is borrowing from directors now at 12% interest. The$US1.4 million given to a director to share the proceeds from a legal claim is still listed as an accounts receivable 3 months after the Argentine government threw out

[Chris_toronto]

I'm still holding a small position in this company but have not followed it for many months.  Do I understand from your post that Samco no longer has a chance of a settlement from Yamana?   Is it just the $1.4M from Ricardo that they are hoping to get back? C.