Post by
stiffupperlip on Jan 02, 2025 1:45pm
Getting my mind around
Hi Stiff here - been looking at this story and can't seem to understand their strategy. Ok going international - not bad. But what is this 'alliance' for Iraqi projects. Let's be frank - there are already 225 MM shares out and the trading price is I beleive south of 15 cents. Isn't there a better place to look for assets? Especially some more stable areas of the world? What am I missing here?
Comment by
copperplay on Jan 02, 2025 1:50pm
do some research on the Chairwoman and you get your answer. Also listen to her interviews on the website to also reiterate why Iraq
Comment by
stiffupperlip on Jan 03, 2025 12:34am
OK got it - all makes sense now. At 10 cents and 225 MM out there is no way SNV can finance a project in Iraq (without massive massive dilution). This is a high priced area of the world ... not to mention the security risk profile is rediclous. I can see that the Chairperson will have 'connections' to the area but ....
Comment by
copperplay on Jan 03, 2025 7:47am
Ya your probably right both Sarah and Greg waisting their time here at this point in their careers
Comment by
MJB4231 on Jan 03, 2025 7:57am
Haven't had a soft bash here in a while to get cheap shares. I see it as a positive trying to get in. We'll played but won't work with this stock anymore