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I am a very poor example of a writer as many have noticed by the few posts I do write on SFMI message board, but I digress, that is not my job,I have people who handle all my cooperate memos and drafts.....now from this posting from the IR person for SFMI, I had a dificult time actually trying to understand what he was saying...that IS his job, he is supposed to be able to correspond with the share holders as a representative for SFMI...yes I agree, they do walk among us!!!! as I see it.....
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You done good D.T and on top of it you got some really nice coins...you will be happy with those in your safe....
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We have been through that,why would I waste time talking to someone who has already provided so much misleading info to the shareholders.....I am not interested in hearing anymore false and misleading info from the company.....if they have info,then release it through the proper channels to the entire investment community......then if it is not truthfull, at least they will have to deal with the SEC....perhaps thats the real reason for lack of PR's, maybe the SEC is watching because of all the false statements in previous PR's......no real need to waste so much time dissecting every post as I am just the messenger and supplying very realistic opinions to the board.....as I see it...
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let me just see if I can get my head around this....so far we have, share buybacks, dividends ,buyout coming and now gold and silver coins and yet SFMI has not even sold one ounce of any precious metal or recorded any revenue from thier mining operation at War Eagle mountain.....whats next 4to1 split oh what the heck make it a 10 for 1 and lets throw in 100 ounce gold bars for all shareholders of record at every AGM.....does it start to sound just a little preposterous....well now maybe its time to come back to reality....when is SFMI ever going to come clean with the truth about input tonnage and processed grades of the ore, so the market can get a grasp on where the share price should be and how it should perform.....without these numbers the stock only moves on pure spec and nothing else....the company has to start performing as a company, there is no reason not to, and don't even try to tell me there is........as I see it...
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I can see just one huge flaw in your idea....it will be difficult to produce any Bling Bling when they have no gold to produce it with....they would have to buy bullion on the open market in order to put that idea forth at this time...as I see It...
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Where are you getting false info like that?? BOM supplying gold coins in ATM's, making it sound like they are gold coins from SFMI....the truth is SFMI has not even provided the shareholders with info regarding a smelter contract yet, so they have zero ounces of gold to produce anything with, let alone supply BOM with gold coins......lets just keep the rumors to a level where there is some small possibility that they may someday have a glimmer of truth....thats total hogwash...as I see it...
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Now why would I waste time calling anyone from the company.....I already know how they are going to respond to my queries....and I would not expect them to answer any differently than they will....calling the company or the IR man is not best way to make investment decisions, they will only paint the rosey picture or provide fluff,it is the other side of the picture an investor wants to see....don't you think SFMI has already proven to be less than crediable and forthcoming in respect to info provided to share holders.....they have admitted to false statements in previous PR's.....you must look at the other side to find the real answers and they are in plain sight, always have been...as I see it...
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Number 1 is the only answer to your question....they have told us that the mill has been in operation since May 17/10 so I believe that to be approx 4 and 1/2 months now.....the dial up,tweaking process over that amount of time would have given them some indication of the possabilities and at least some idea of attainable grades of the ore.....the real question is "how much longer can they hold off the real truth from the shareholders?".....that is 135 days or 3240 hrs since the mill was said to be in production, and now they tell you they may or may not have 1000lbs of concentrate.....and who knows what the composition of that concentrate might be, google that for more info,huge eye opener....yes there is only 1 answer....as I see it....
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The worst part is that the EPA will sit on the win until it is all eaten up with high salaries and golden handshakes and red tape created by thier own indoor flunkies....the actual reclaimations will most likely never get done until they can find another way to get the tax payers to pay for it....the 88% windfall is just beyond comprehension, borders on total stupidity by any members of any committee's that signed off on this....who really thinks the Gov't got a bad deal....these lawyers must serve time in a correctional institu8tion someday, cause they are outright thieves.....as I see it...
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I think you are maybe just a little to late to the gunfight there, you should have been with the rest of us back in July and been sitting on your freebies right now....of course to many went all in on SFMI at that time...even now there are so many others that will tell the share holders whats happening within the company.....SFMI has it all locked up as secrets...no respect for the share holders....and so the share price suffers....otoh well I will tell all about the other hand in another post.....as I see it...
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Ya thats funny, I also sent an e-mail to an associate today mentioning to her that silver was now over $3.00/oz....LOL...and to NY Bob also a resounding yes...and also a year from now folks will question not buying more bullion at these prices....hard to believe so many of the mining stocks are just not moving at this time....I think very soon we are going to see some serious corrections and there are huge dollars to be made on almost any PM mining shares.....all free money should now be out working...as I see it...
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That must be me.....just can't figure how I got to be that young again....LOL
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All of this talk about the price of gold and silver, well yes thats great, however it has little to do with SFMI share price or valuation of the company.....SFMI has no proven resourses nor have they demonstrated that the tailings piles have any PM content...if they were able to provide concrete evidence that they are in fact processing ore that contains even small amounts of gold and silver, and were selling concentrates to a smelter and recieving revenue for gold and silver content, then the price of gold and silver may have some bearing on the share price, but without any proven resourses or grade numbers for the public, I am in disbelief that folks are placing so much confidance on the market prices of precious metals when there is no relationship until there are some numbers....as I see it....
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Makes my little hoard worth some nice green....but I like the silver better, so I will hold on a little tighter....still like to get another 280lbs yet....might have to find a place to dig it out of the ground...LOL....what a great time in life to be able to go prospecting....go for it my friends, while you can....dig up the gold and turn it into silver....never get a better opportunity...as I see it...
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There's that "buyout" again....I would like to know who is going to buyout a company with no proven resourses and no revenue.....that is a totally false rumor, no one even knows which claims are controlled by SFMI or GHDC or if the said claims are any where near any gold and silver cause they have not done any work on the claims to prove up thier resourses.....if they were a real mining company and in possession of valuable claims they would be proving them and working towards NI43-101 compliance report so they would have some evaluation as a mining Co. are we going to wait till 2011 for another fluff PR before the bell actually start to tingle....if they really had it they would show it to the market....if they really had it they would sell it while the price is at an all time high....as I see it..
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SFMI is a trader only, always has been and always will be , the only reason it is even on the board is because you can fool some of the people all of the time and all of the people some of the time....buyout offers???? where, what??? can anyone be serious to post that....there are no people that I know of that are foolish enough to make an offer on a house that the owner will not let them see....SFMI does not want anyone to see production numbers or grades, they claim to have concentrate but no one can see it....they also say they are waiting for a higher price to sell the invisable concentrate, and yet today gold is at a record high...huge red flag....I think it is way past the time to come clean with the shareholders if they can...maybe the reason for no PR is that they just quite simply do not have truthfull info to release to the public....they have previously put some questionable info out there and are maybe just on some thin ice at this time.....better jump at the dips and sell fast on any uptick cause thats the deal here, always has been and always will be.....as I see it...
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SFMI is a trader only, always has been and always will be , the only reason it is even on the board is because you can fool some of the people all of the time and all of the people some of the time....buyout offers???? where, what??? can anyone be serious to post that....there are no people that I know of that are foolish enough to make an offer on a house that the owner will not let them see....SFMI does not want anyone to see production numbers or grades, they claim to have concentrate but no one can see it....they also say they are waiting for a higher price to sell the invisable concentrate, and yet today gold is at a record high...huge red flag....I think it is way past the time to come clean with the shareholders if they can...maybe the reason for no PR is that they just quite simply do not have truthfull info to release to the public....they have previously put some questionable info out there and are maybe just on some thin ice at this time.....better jump at the dips and sell fast on any uptick cause thats the deal here, always has been and always will be.....as I see it...
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DIP approval!!!
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Is that a one quart size jar or maybe just a pint?.. LOL.. Looks nice Orca....When do you start construction on the mill???...Isn't it a great feeling when you can look in the pan and actually see some flakes at the bottom......hope you are on to something...
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Perhaps one might just begin to look in depth towards the real DD from the start....KinRoss...may want to do a little research in that area...surprizing what might be found....not as portrayed on this board.....actual claims owned by GHDC and leased to SFMI....which ones are they.....PQ stating he can connect to any vein found in the sinker regardless of who has the surface claim...claims and mineral rights and leases contain the rights to everything above and below the surface...you can not just go and drill into some one else's claim or mineral lease....have you ever saw an oil company directional drill into another companies lease.....should be most interesting now that even the rookies think they know everything without doing any DD, many of the longs just scratched the surface and are now trying to back up thier reason for getting taken by the great PQ.....as I see it...
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I could say lots of things here on this fine morning, but I can see that most of the longs are now getting to a point of finally understanding the nature and relationship of the 2 companies and the reason for having what I call the parent company......I will just leave it at that and say "I told you so ".....PQ actually told the attendees at the SHM that it would be years before any profits were ever shown on SFMI books, perhaps not in those exact words, but if the folks were really listening they would have picked it up, and no doubt some of the more astute investors did, and they have already left the building......jsut some of the die hards are still flumoxed by the great workings of the Quillians...as I see it...
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Just getting started here today....but just from memory I think there was a R/S in there somwhere on BYU....havent went back and looked it up but I do know I hold BYU....so with the R/S they would not have a double on those shares at this time......will get into the file sometime today and let the bpoard know...
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Perhaps you could just go back and read what you wrote.....now tell me how SFMI can pay GHDC rental and usage fees of 93,000+ dollars per month when they have no revenue....also where did they get plenty of cash...we heard that story before when they were at 173 million shares....yes , we know where the cash comes from....at some point they will need revenue....time to be realistic,the market is not stupid....as I see it...
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The T/A is gagged but the o/s would appear to be approx 293million ,an increase of 120million in the last 4 months....from what I am able to gather ,they seem to be hiding the production in buckets at the mill so as of yet they have no revenue and are selling shares to pay rent and operational costs...you may get a better picture from some of the folks who were at the SHM, but thats basically the gist of it, as they have reported on return...as I see it...
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I agree,big time dilution in both companies.....as I see it..
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The thing is that I don't post 10 times a day....I think possibly what you may be looking at is the responses to my 1 post....and in those responses, that is where all the ramming is going on...I always just post my opinions in a friendly manner and I can always be assured that the responses will get the message across loud and clear.....but of course I am allowed my opinion on SFMI just as everyone else is.....as I see it...
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I am not trying to get anyone to sell....and on top of that I was never around here at 02 , my first post was at 06.....I really don't care if you buy or sell, thats entirely up to you.....I have my agendas and I am sure you have yours.....I won't follow you and I don't expect you to follow me.....I have done my research and I can tell you the direction of the money flow for SFMI, that is if they ever have any money to flow....for the friends that are hypeing $1 or even up to $40 per share,well I mean that is beyond reality.....as I see it...
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To suggest SFMI is undervalued is to not grasp reality....someone reports about other companies share prices in comparision to SFMI and then determines that SFMI is undervalued....SFMI has no proven resourses and that is by the companies own admission...refer to website....SFMI has of this date has not sold 1 gram of gold or silver to show revenue for the company...the market places a value of .157 per share in todays market and from my perspective that is a premium....157 would suggest a market cap of approx $46 million and that my friends is totally unrealistic for a company with less than 1 million in hard assets and zero proven resourses and a burn rate of over 1/4 million/month and above all zero revenue to pay for it....look for more dilution, cause that is the only way to pay expenses....I can see the market will soon be lowering its valuation of SFMI....as I see it...
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I don't think there are to many of the oldtimers that will jsut sell out at this time.....I am also holding till the end....after all we do still have 5% with the warrants and that could turn out pretty good for the future.....I am thinking maybe this is why the EC might have thrown in the towel because at every turn in the game the Govt just ended up with a bigger piece of the pie....the Govt (EPA) are the huge winners in this game, after all they entered with nothing and are leaving with most of the cookies....the question is, will they ever do any of the reclaimations?....I know they would have been sitting on Tronox's shoulders to ensure that Tronox had done them if it had been left up to them.....instead they jumped in here with thier high priced Liars...err I mean Lawyers and caused long delays in the proceedings to eat up the cash and then leave with all the goodies....I am d#mn mad cause I should have left with $11 to $13 per share, now I start over with warrants..maybe....as I see it...
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The obvious conclusion would be that some sort of deal was struck between the parties involved with the approval of the court....being that amendments were made to the companies plan to get it more in line with the EC's plan, there is a possibility that the EC may have just upped the ante a bit more and got an agreement and then with drew thier plans in order to expediate the process....I can see no other way that they would just walk away and throw the shareholders out in the cold on this one....we have had an EC almost from the start and thats a big plus in any CH11....my gut still tells me that we will do ok in this one when the final bell tolls, maybe just warrants or warrants plus,but we will get some....the bonds are not moving, so thats a good sign....as I see it...
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It is easy to see that the longs are now becoming extremly frustrated and are starting to jump ship and drag the share price down with them....the company has shown little regard for faithfull shareholders,firstly by being untruthfull in recent PRs and now by not extending even the smallest olive branch to let the share holders know if in fact they are ever going to be a revenue producing company.....the new investors are not buying into a company that has no revenue after supposeably being in production for almost 5 months and even the die hards are now questioning all the rumors of buybacks and divis put forth by a company with zero dollars in revenue.....many are questioning where the money is coming from for operations to continue and produce no revenue.....it is obvious that any money is coming from dilution, but the T/A is gagged and for good reason.....the O/S were apparently 173 million in May/10 and the last verifiyable number shows it at 293 million, an increase of 120 million shares in just over 4 months....could it be half a billion within a year?.....absolutely as long as they are not producing revenue from the ore.....yes the longs have good reason for being fustrated at this time....as I see it...
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You have certainly earned that right to become more incensed,as have many of us who have been here from the beginning and watched as this band of thieves slowly stole all of our equity...I wish you would keep posting with your indepth knowledge of the events and position posturing of agencies that are responsible for destroying what should have been a slam dunk cut and dryed Ch11 restructure that was turned into crash and grab by the greed of the Govt Agencies and the miriad of lawyers with those ridiculous fees just for being there.....as I see it...
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I have saw the photo with many different captions, although yours is close to most I have saw and got a good chuckle from....a better one an only be the where the American is "Businesslike and so full of himself".....my belly chuckle for the day, Thanks Orca...
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Hey Hangalong , are you out there.....remember awhile ago now I had placed an order for 35 sets of silver proof State Quarters and you said you needed some to fill in some sets....I had all but forgotten about these and then they arrived today and like I said, being that it was thier choice on dates, they sent 18/2006 9/2005 and 8/2007 .....now I can't remember if any of these are the dates you were short or not, but it looks like I have plenty of 2006....don't know why they could not have sent at least 1 or 2 each of the 03 and 04s I know they had 99 left after my order went in.....guess I should have bought them all 20.48 was a great price especially with todays spot at 21.76....let me know if you are still looking, maybe I should put some of the 2006 on ebay...lol..like I would ever sell any of my silver....
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I don't see how the curent price of gold and silver can have any bearing on SFMI share price.....being that SFMI has not been able to show anyone that they in fact do have gold and silver aand they have not sold any and have zero revenue from gold and silver, why would the price of gold and silver have any effect on SFMI S/P
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I can't understand how anyone can be talking "share buybacks" and "dividends" when the company has no revenue....they have not sold 1 gram of gold or silver and have zero dollars in revenue...so I would like to know how it is that they could possibly buyback shares when in fact they are increasing the O/S in both companies....SFMI O/S was 173 million just a few months ago now it is over 293 million ( most likely even much more), so how does that equate to a share buyback.....and rumored buyouts at over 3 bucks a share...yeah I bet there are buyers lined up down the block to buy a company that has no revenue,LMAO....I mean get real....as I see it...
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Isn't it great when we get excited over what is seemingly a small amount of action on the price......but just think about the big picture for a little while....out of all the precious metals and rare earth metals, silver has the greatest potential of any to someday be more valuable than any of the others,the reasons are just undeniable,demand will soon begin to move up rapidly and that will only create more demand.....it will not be very many years in the future when you can move that decimal 2 places to the right....and I got another nice shipment yesterday....I just love it....still waiting on some, but, Hey I got nothing but time when it comes to silver.....as I see it...
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I got mine!!!
Hey Surf...Kinda looks like you were on the run when you typed the last few words in that message....LOL.. but you are correct when she runs the next time it will be big time....must be a R/M candidate in the mix somewhere by now.....as I see it...
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Flying in no time....well its about time, we should have been flying before they sold off the ore trucks and equipment...jsut hope they have some serious plans to move forwrad from this point...we have waited long enough....as I see it...
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And further more if the company was being open and truthfull to the share holders they would have those piles assayed and the results posted prior to moving them down the mountain.....instead we have folks reporting back from a tour that they have saw some shiny stuff in some grab samples that the company allowed them to see....this info has even got some folks now thinking the piles on the mountain are so rich in precious metal content that they are going to head on up there with thier pick-ups to scoff a few loads....the one thing that was not mentioned from the tour was about securety at the mill site, there was no mention of armed guards or even unarmed guards, however there were claims of a 1000lb bucket of concentrate and even some gold bars on site....I had a silver bullion order arrive today along with 2 armed guards,and that makes me wonder if there really is any PMs on site....I mean thats kind of out in the boonies and with lax security, well you know some folks might just think opportunity....ya, but thats assuming there is anything to need securety for, no sense spending money on something they don't need....as I see it...
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