Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I saw that as well today. Someone forwarded it to me. Big news after a long wait. I know it doesn't look that way, still has things to prove but this is the real deal, this 'turn-around.' It's been slow, not a straight line, had a lot of ugly to fix and still some to go. But it is happening. It was to this point more of a salvage project. But now it's different. Let's celebrate the wins. More to come I'm sure. What is in favor today are going to be the micro-cap, the sub-junior miners who can actually make money. With the right small model, not all over the place. That is the SFEG taking shape today believe or not. I know--I know--it is hard to believe. Trust me, I'm the first to agree!!! It's not a done deal, I'm not jumping the gun here, but my gosh, it is setting up nicely even though it still takes some fair amount of imagination to see it. Hopefully will be much more concrete soon enough.
Well, we await some news on the filings sent to the SEC per the regulations to return to trading on the OTC. Hopefully all is good, and just a matter of the SEC giving their stamp of approval. In meantime I truly hope some other things are going on, with additional necessary milestones being taken care of. For now, let's be very glad about that great news on the initial phase of the silver project undertaken by TMRC in the Black Hawk Mining area on SFEG property. If you haven't read the press release it is quite impressive to read about the technology being used and the smart people using it. This is not your grandpa's mining! Onward.
This is very positive news for Santa Fe Gold Corp. This Silver Project is on Santa Fe Gold Corp. Property. Just another important piece of this turn-around that is underway. It's not the old SFEG. http://tmrcorp.com/news/press_releases/index.php?content_id=250
Can't argue with you on the past. It was a shit show. No excuse! At least some was remedied by the judicial system recently. And if what you say about the obstacles to relisting are true and they don't relist, then that is that. But I have to think they have figured all that out. I will say this, from what I know of and about the new chairman, he is not in this for anything other than to make a go of it. You may be assuming that just because this company had bad and/or incompetent (or both) people in past, that it must be true now. But that is specious reasoning. The new chairman is solid imho. He wants what we all want. It's a new day given the leadership. So just keep an open mind about that part of it. You just might be surprised.
Yeah, it looks bad on paper. Especially if you read the mandatory disclaimers and warnings, which always are sobering. Agree, it is ugly AF. Can only watch and see how they will navigate these next months to see what may happen. It is probably wise to stay on the sidelines til proven otherwise. Even if you miss a run on any real news that would give some evidence of a real turn-around, you might only miss a small run up given the amount of shares outstanding and the thin trading if the past is any indication. So what if it opens at .06 or thereabouts and maybe sneaks up to .15 or so on positive developments. You still would be able to enter at .15 or so range I'll bet when more risk and some of the stupid is taken out of it. Even if it doubles or triples from here before one might feel comfortable grabbing some shares, that would not be a bad entry for a stock that has to prove itself and is not likely going anywhere fast given the way it looks on paper. And the slow pace with which they get even the most basic things done. Could be better to wait and see. They'll be many, most, who remain skeptics. It only makes sense given some of the things you stated and other things that make it look so shaky. But I can't help but wonder why they went through the trouble of even resurrecting the company again. Certainly not to give people write-offs. They are inconsequential given accounting rules. But I wouldn't bet against you, you could be right. I'd love to see more real, concrete news that touches on the things you bring up and some other things, before they start trading.
Interesting, but I don't think it as easy as just 60 day waiting period. From what I've been told from people who know this stuff in detail--and I don't-- it has to be signed off on by the SEC. They will review based on last filings etc. and they may have concerns, questions to be addressed. Or not. Then, I believe it has to go to OTC for their approval to return to trading, and to do that it will require a market maker in place and perhaps FINRA also has to weigh in, give their approval. So it is not the one thing as I understand it.
But I believe the SEC is the main thing. Beyond that, one does have to wonder how will SFEG convince us that it can get the next filings in on time, easily and efficiently. You know, like real public companies do? To me it seems obvious, that this delay to get these filings in was a one-off, took some time, I don't know why exactly, but far too long to take care of. This delay was not exactly confidence building to those of us looking in. But I guess, you could say, should say that the bonus is that in the mean time they have put other important things in place, including prosecuting and getting financial judgments that have been paid to SFEG from the past executive who defrauded them. And they have the partnership with TMRC which looks good. I like that one! And they have announced the purchase of the land for the mill in Arizona. There's more to come. Obviously, now they have to build the mill? And not on the same time frame it took for the filings.
Do they need to look better, like a real company, that can move things along and has the $$ and expertise to do so? I'd say yes, they do, but this is a new day in my...very humble--opinion. I guess all we can do is what we do, watch and wait.
Look, my intent here is not to get into a back and forth. If you mind up being correct, so be it. I happen to think you don't have the most recent facts, but I can imagine you must have been burned, as have many, by the company, specific people there, in the past. That sucks. I feel your pain. And I can definitely relate to your skepticism. It's hard to get behind them when it seems they can't even get their filings taken care of. Yes, it many ways they look like they suck. All i can say it we have to wait. Let's see what happens. I do think the past, as ugly AF as it was, is over. This is a new day. They won't trash the shares. It's ugly. You sure got that right!! And you make some good points, reminding us that they have a lot to do. And there is little real evidence of them doing it to the level of details required. But I think they are doing it, even if it doesn't look like it. All we can do is wait and see.
You are right about the past, can't argue with you. But I think, if you can just suspend your disbelief and wait a bit longer, you may find that with new leadership and a new mindset and conviction and motivation, things can change. But until then, yes, I'd have to give you the benefit of the doubt. Ugly-- rotten to the core has been its past--but that was then, this is now. New leadership is a completely new ball game in my very humble opinion. I'm hopeful, but like you, I want to see it in concrete differences that matter to all shareholders. Good luck to us all.
Well, finally it looks like--fingers crossed-- this may be so. I posted back in 12/20 that it was time and then they went dark for not having filings in and up-to-date. I was so wrong about that post. I didn't see that coming. Ouch! And it has been so so so frustrating. Now, the SFEG story is--looks like?-- it may be a story of coning back from the dead. It took the right people to see it for what it really could be and to gut it out during these past two years. I'd say we all got lucky.
As it turns, it appears that under-the radar, behind the scenes, they have been doing all the things they need to do to make this real. One need only look at the news around the edges to see what is underway. It does look to be the turn-around we all hoped for. I still feel like Charlie Brown hoping the ball doesn't get pulled away--yet again. But I'm liking what I'm seeing. It's npow all about getting back to publicly trading. Maybe it's a Hollywood ending if the dots are connecting as their public statements and the additional news from TMRC points to. All we can do is wait now to see how where and when. And hope! But it's good to see.
Just a friendly heads up that SFEG of today is not your SFEG of past. Rant, rail, rage against; wave conspiracy theories about; endlessly warn and shout about the certain impending doom to be levied by the SEC; remain absolute in your certainty that there is no mining and stockpiling currently; and the latest about the hidden GRIFTY motives of TRMC and SFEG agreement. All that.
I'm just saying you might, maybe wanna keep an open mind is all. Not saying you should buy, but am saying you will wish you did. But you'll have other chances along the way, will just be at higher price. Which doesn't necessarily mean you should buy now, as it is right to be skeptical if you really believe it. And I'll admit it is a bit of a leap of faith. I'm not discounting that. That's still some part of it, as it hard to connect the dots. But not impossible.
So all in all, just wait, I merely caution against you not being so certain that you're right about SFEG at this time. Happy Holidays. Stay Safe. Good luck to all!!
Wow. If you only knew how the specifics of the mining permit works in the real world. Or you do know, and persist anyway. Doesn't matter. Just keep on watching.
You just don't get it. Just have to wait and see.
A priest, a rabbi and a miner walk into a bar in Santa Fe
The Priest and the Rabbi are talking about collections being down; no one has been giving. And the miner listens, very sympathetic. Though neither Jewish or Catholic, just a guy with a big heart and spirit. He feels bad for them and says, "Ah heck you two, not only will I buy the first round but I just happen to know where a big pile of gold is, huge, out-a-ways in the desert, just sitting there, doing nothing. Drink up and let's head out, we'll go load up a few loads for each of you. These people, the fellas who own these mines, a company called Santa Fe Gold, aren't doing anything with it. They just pile it up. Keep making piles. Then it just sits there. It's the darndest thing. So I'm sure they won't mind."
My apologies. Hard to keep track. If you liked it then, then you gotta like it now. It's got some energy, enoughish money and get-after-it behind it now. Drilling, piling ore, expanding their producing footprint, lean and mean but that's ok as long as focus is strong, near-term achievable and goal driven. All good.
Gumzaa you are missing the entire point of the SFEG of 2020. Your old narrative is tired. I'm just trying to do you a favor. I doubt you will come around about SFEG, but I'll throw this post your way. Many on this board are like you, leading with their bias, with the blinders of being wedded to SFEG's past stopping you from looking at this with a fresh pair of eyes. Part of it is understandable but you are reading the history wrong and the players you want to find fault with in today's SFEG are not the bad guys. And you all are thinking too much. Again understandable but you tend to get lost in a ball of yarn of your own ruminating. I'm not even suggesting you buy shares. Not my point. I'd really just want to take solace in that a month or two or three down the road when you see the movement and the operational trajectory, and the hurdles start to be well, hurdled, you'll know you had your chances and you simply--even if understandably to a degree--got it so wrong.
Read that press release over with a different slant maybe?
Good luck. Stay tuned.
Well, on the bright(ish) side, they have a year more or less.
Ok, thank you for that. Well, that does sound bad. Tell me, what options does SFEG have? Seems to me they are on grey market until one day--pooof--they are gone from even the grey market. Is is completely FUBAR?
What do you say, what does SFEG say about this? Thanks.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531088
I'm not disputing the fact, I simply don't know and it seems to be contradicted in the @buckdawg post that speaks to this. Something doesn't add up?
Ameritrade may post the bid ask spread (which never changes for SFEG even with diff stock purchase prices going through) btw from what I'm told. 2: And the bid ask does not follow the purchase price flow. So it is somewhat worthless unless it gets right. It matters. It will piss people off==a lot-- were bigger volume to come in and the incremental pricing on a penny stock means making bids not knowing for sure where you stand. It's not transparent. Which is a key factor in effiencent market for the stock no matter the fuzzy oddball grey market backroom or whatever it is on. Can't be minimized.
Point is it appears that companies come back from the "dreaded" SEC suspension all the time by addressing, fixing the reasons they were suspended. It's not some death sentence. As quite a few here have stated. Would you agree?
See buckdawg's post on SEC above. Seems to shed some light, differ than what others have said. What do you think?
How much does being on grey market hurt them? What are the real world implications of going grey only? I'm not familiar. Give me some plausible likely scenarios. Thanks
Surely they are aware of that. Yet they persist. My understanding is that it is not so black and white. You can list somewhere if you get current. It seems a harsh penalty--punitive to point of seeking what good purpose? Taking into account of all they have come back from, the shareholders with their shares still having a pulse? It's actually a great story of capitalism really, should be looked at as such, of the stick-to-itiveness of the few to keep it going. That should count for a lot. More than some arbitrary, one-size-fits-all blanket penalty. I think they know they will be able to trade on a platform. It's messy, they are scrappy, it's going forward imo. Anyone else? What are other real options?
What is up with the flurry of filings. Like they bought the "presto insta-filings" app after all this time. Can they get this thing back on solid footing?
10 Q out past Friday after close.
We're holding strong. Could it be that SFEG has played the long road back in the perfect gold/silver market? Is this a Cinderella story? Are they doing the blocking and tackling in the trenches seemingly unnoticed? It looks like they have navigated the recent filings lapses.I'd like to know more about that for sure. There's a little bit of nibbling on whatever market they are trading on. Let's see this get working on all cylinders in this "goldapalooza" world! I like(ish) our chances. Come on SFEG, mine baby mine! It's simple game. You mine, you sell, you deliver, you disseminate the timely news. Repeat.