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What is fact? brazilian exchange?? Toronto exchange?? Brazilian investors??Gold and Silver production on May 17 ???Buyout by one of the major producers??...... Forward looking statements!!! Are these truth, lies or perhaps very much the same thing as JMHO..... one thing I have never said is that they made a mistake and did not plan for sufficient power supply, I just said it is not available yet,it is obvious they had planned for it as the space is made available for the installation of a second Gen Set. The secondary unit is also required in case of mechanical problems with one of the units, then they still have some power to operate at a reduced rate, as long as they can keep things like the ball mill rotating and not having everything come to a dead stop because of a singular power unit going down. I stand by my postulations that there has been zero dore bars produced at the mill as of this date. JMO
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Pretty hard to count anything when the mill is not running. Where is the PR that says the mill is producing dore bars?? The mill is not even connected to the crusher circuit yet as evidenced on the web cam. There has been no advancement in that area for 2 weeks now. I still maintain that they do not have sufficient power to operate the mill and crusher circuit simutainuosly to allow continuous feed to the mill.It did look like some one may have been working around the electrical building today. THERE will be no money for rental payment this month unless they dilute some more. Share price in free fall, many longs jumping ship.JMHO
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Yeah me too, and I think just to show them I am going to buy some more shares, heck I haven't added any for awhile now so maybe its time again. JMHO
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Perhaps not you have to look at the post that I orignally replyed to, of course even then with your favored upbringing and outlook towards folks like MD who has fought adversity and done real work, even then you my not grasp the true meaning of it. Good luck to all the folks who are still in, and with some element of belief that we will persevere against all adversity and PN. JMHO
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I think pehaps you missed the train anology altogether, there could be only one reason for the third train. TOOT TOOT, JMO
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" Toot toot" Some trains coming, some trains going, some trains just blowing!!! It is easy to take credit after the fact, but if I remember correctly you are also still in this stock, are you planning on adding more at these levels or do you feel we have all lost out completely. It seems to me that you said MS would be all that was needed to turn this thing around and there would be no more problems after we got rid of MD. Is that still your opinion or perhaps we can just revert back to the train anology!!JMHO
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Folks are jumping overboard now like the ships on fire, and I believe it might be and will soon capsize!!JMO
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Well you better start adding!!!!JMO
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HEY, its not Bobby Joe, its Bobby Jo and she is an investor the same as you and I are. You have been reading posts from her on these boards from time to time if you have kept up with the intelligent posts.JMO
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You know the other board member, whats his face Allan Brietkrutz or whatever ,hope I spelled that right cause it really don't mean much to me. I just know how this thing can go cause there is no one to tell them it can't go that way. Hey how about a directors fee of 20% per year?? Yay, yay, yay, yay motion passed any more new business? Meeting adjourned!!! JMHO
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More like eyes wide shut when these fell from the sky. If eyes were wide open y'all would have saw the BOD as it is set up for both companies. There really is no BOD as the only members are family. Now tell when a motion is presented to the board who is there to question the motion, lets assume a motion to increase A/S and give the CEO a 5 million share bonus just for allowing the other company to delay rental payment and another 5 million for deferred salary. Who will say nay, not his wife, not his son and the other guy will just want the same amount and that is dilution by the BOD. Eyes wide open, lets watch, I have said from the start that this stock is a trader and nothing more anyone who wants to hold it is also going to hold the bag. JMHO
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One fine day hey will find the ideal canidate for merger and then we bank!!!JMHO
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Well I ain't happy with the current s/p but I ain't movin on either, cause I need my money back. LOL
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Lets focus now. No increase in share structure for quite some time now, yet some things are happening. We really don't know what is happening but it is obvious that something has to be moving some where and that takes money. Okay, where is that money coming from?? There has to be cash infusion from some where,right?Now if that is the case then some one with deep pockets is supplying that cash and believes that the mill will soon be up and running again soon and churning out profits, right??Do you think MS and the new boys are just sitting in the company office playing poker, waiting for the sherriff to come with locks and barricades??I can't picture that scenero but I can see lots of leg work being done on plans to get this thing going again, probably with a partner who has just been waiting for some one to ask!!!!JMHO
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I have been here for a long time, way before Black Fox. I can say that they certainly have a lot going for them, with all the exploratory work showing great potential on all properties. The one huge set back was having to get the financing at a extreme cost to the company, however at the time there were no other options. Now with the merger and some capital infusion to pay down some of the loan and new production slated for the not to distant future, I think we will begin to slowly move up to intermediate producer status and get some recognition that was deserved all along. I have just had to put it on the back burner and leave it there for the last while and will continue this stategy for the long term. I can see mega bucks here but it is going to be awhile yet. JMHO
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Not quite sure I can follow what your reference is in regards to Geo's documented underground assets as you also used the word approximate. Now approximate SWAG of assets are not valued assets also metal content in underground claims would have to be proven by exploratory drilling and core samples analized by a reputable lab in order to be documented as reserves. Even then reserves are not ASSETS, they can never be assets until they are mined and the metal content has been sold and then the cash becomes assets as per GAAP. This is the thing that is not understood by most of the folks you like to jump into JPMs, this is part of the hype and speculation that drives JPMs far in excess of true values at first. The other thing you mentioned about my jumping in and out to increase my position is not true, I am only i and out to increase cash in my account. JMHO
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Hey , hey lets not get carried away, our asset are in no way similar to any of the big mining companies, in fact our assets would not cover the cost of one of the ore trucks used by any of the big operators.JMO
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You know what I like about this stock??? Absolutely nothing. I have traded it a few times for a few bucks profit. But it is such a........., it just wastes my time and upsets me cause you never know what lies are coming out next.JMHO
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But I have sure helped the board gain immense popularity with the Ihub crowd. Making it to the top boards and the buzz cloud, heck I mean fellows what more can you ask from me. Just think how boring it will be if I quit posting on here. You won't have anyone to vent on then. Oh well I guess I have done my duty and helped out more than you know. I will probably quit now cause I don't really want to hear all the crying over the next several weeks as this thing crashes back to a more reasonable price. Have fun and weather y'all believe it or not I do wish you good luck. JMHO
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If you bought any shares over the last 3 days, you ARE going to end up a BAGHOLDER and that is a given!!!JMhonestO
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Well, Slim I will tell you the truth I am getting a little tired of having to keep posting the same stuff over and over again cause most of my posts get twisted or folks tend not to read the board. Pretty soon I am going to give it up all together on this board cause it is cutting into my productive time and the other time as well if you know what I mean. Ha Ha
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If you have been reading the posts you know I can't use that sell button as I currently hold no shares. The only time I have ever had shares in SFMI was for a few hours yesterday, and I am glad I hit the sell button then.WHOOO HOOO
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Oh I never said I was unhappy, quite the contrary, I also picked up a little profit along with them as soon as I saw the game going on. Its like I have always said I am here to make money, I will just not be left holding the bag.JMHO
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Lets just take a look at the volume this week Monday 1.0mil Tues 4.1 mil Wed 5.8 mil Thurs 7.0 mil and what do you think Fridays volume will be 2.5 mil or less??Lets wait and see!!! Big money traders came in and bumped the share price up on Tues and Wed and walked out of here this morning with a very nice chunk of change in thier jeans. Share price falling back tommorrow along with volume!!!! Lets watch!!!JMO
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No when I started research on SFMI it was.06 and I have never questioned my decision not to buy in at that time. I still do not see any valid reason for the stock to be trading above that number other than speculation and hype. I can tell you if this thing doesn't get to production soon and show some fantastic numbers you will also wish you never bought in at .06 Seasoned traders and investors do not hold onto something that can not show potential. So far there is nothing, nada, zero reason to think that SFMI is going to be a winner. Look at the BOD and tell me what you see, I mean seriously, can anyone on the board run a mining company. They can run a skimming company, which is good for them only.. Look at all the other ifs, thats all that has been presented so far is a bunch of ifs....... JMHO
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The one thing you have to take into consideration here is that SFMI is not a GOLD stock at this time. They can not be considered as such as they have no proven reserves and have not produced any dore bars or concentrate to be smelted. I would not consider it to be a viable gold stock until such time they have proven up reserves or are able to show quarter over quarter revenue from the sale of gold. JMHO
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The huge drop started at the high of the day .468 and as many of you probably are unaware that is when the big money traders left the building. I think the folks that have been here for awhile are much to focused on the hype and not aware of the actual trading action that is going on in the last few days. I have never tried to influence anyones decision on this stock. I have only stated my observations, assumptions and opinions. I have always stated that it is best to do your own research and DD and base your buying and selling strategy on that. It is not my intention to influence your decisions. I am very aware of all of the trading actions that move the markets. I do extensive DD for my own benifit and pay no attention to what posters say on message boards. If I did I would have been in SFMI from the start. Based on my DD I did not enter until I saw a trading opportunity where I felt I could turn a quick profit.THAT action is gone for now. Will it come back??? Who Knows??? Perhaps but it won't be until this thing has fallen like a lead balloon cause it is extremely over priced at this time, based on fundamentals and my DD. However trade as you wish do your own research and make your own buying and selling mistakes.JMO
Full Disclosure: I do not currently hold any shares in SFMI
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Yup!!!
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After you have been around awhile you will find I am always right,even though you may think differently. At the end of the day you will be not be happy with the out come but you will see that my postulations have been dead on from the first day I started posting. I have picked up a few bucks here now but I will make a lot more as time goes on, I will never get left holding the bag. JMO
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Some one said that it would close at .43 or less today. Oh, wait that was me that said that. I also said that .468 was the high and it is all down from here. Sure looks like it is headed that way now. It sure don't look like that big dollar will be this weeks close cause it always goes down on Friday, and with more people jumping ship now it hard to say just how low this thing might be at close tommorrow.Perhaps some of those fellows may even hit thier re-entry points. Sorry but stocks just don't continue to go up on hype and speculation, pretty soon the bottom falls out and down she goes like a lead balloon. JMHO
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What the heck has that got to do with SFMI??????????????
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Yes it has been the rule for the run up so far. However hype and speculation can only carry it so far and then you run into those huge pullbacks cause there are no fundamentals to hold the price.Just ask Herman, heck even ask Peggy Sue, she knows the rules of stock trading too. JMHO
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Yepper .43 or less That high of .468 is the high , the high, the high from there it is all downhill. I can see this thing meeting up with the parent somewhere around the .20 range by the end of May. After that the parent will pull ahead and never look back. SFMI trading range for the next 2 years will float between .08 and .23. My expert opinion at this time is that you should be very happy with your gains but don't leave them sit on paper to long cause this thing can fall just as fast or faster than it went up. It may be hard to get out once it starts the big pullback. Of course thats just my assumptions and observations, but so far I have been batting.980 so make your own decisions. JMHO
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Told y'all to buy the parent months ago. Volume precedes price!!!
There are no Brazilians here and never will be!!!!Thats just whoooey and more hype. I see at least 2 more possibly 3 more longs have jumped ship this morning. Smart guys!!! Parent gaining some momo, like I always said thats the one that will have the money if any one does. SFMI will just pay all the bills for them, its a very slick profit maker for PQs family. JMO
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I am happy for y'all if it does, however common sense leads me to believe that 20% daily increases are not sustanable with no sound fundamentals in place to warrant even the first jump from .06 to.09 This is very very shaky and is totally driven by hype and now the money runners. As soon as the money boys want profits this thing is going to dive almost instantly. Won't be the first time. JMO
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Thats it my friends the game is over now. Tumbling down the mountain cause once it got up there folks saw there was not as much as claimed and what is there is owned by the parent. Most of that is only at 29% so I guess she falls now, way down, I mean way down. Jmo
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And you think my anology is away off. Tell me my friend do you have any voting rights with the shares you are holding at the present time?Also can you name the BOD of SFMI. Now if I told you SFMI could be in chapter 7 by July 01 do you think there would ever be a possibility of that? Do you have any say about wheather it is or isn't? The parent could put SFMI in chapter 7 anytime they wish cause the BOD is family and they have 100% of the voting shares and SFMI owes them more money than SFMI has in assets. Do you think the shares are under valued at .38 or perhaps just a little over priced??Let me see here that gives us a Market cap of over 65 million on a company with no proven reserves and only a maximum of between 6 and 7 million in assets with liabilities unknown but most likely well in excess of that 7 million. Shall we think about that!!!!JMHO
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That is the biggest load of whooey I have ever heard.The gold and silver market manipulation has nothing whatever to do with SFMI stock price. Supply and Demand? Hogawash SFMI has no supply to meet any demand as they have not produced one single ounce of gold as of this date so how can they supply anyones demand??? The share price of SFMI is rising on one thing and one thing only and that is hype!!!! This thing will fall like a lead balloon just as soon as the money decides it has had enough and they decide it is time for profit. Any one who has done proper DD can very easily see that all the cream will end up in GHDCs vault and all the expense will come from SFMI and when GHDC decides not to carry SFMI anymore then they will just let it fall in the ruins and assume operations on thier own or come up with another company under the same structure to carry the costs of operation while the cream flows to thier vault.Just ask Herman!!!JMHO
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I have been trying to get that across to the board for the last 2 months. The parent does have all the money in thier control, SFMI is just set up to pay the bills.JMO
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Don't kid yourself, I bet many of the die hard longs have been taking some profits,just look at the size of the trades.. Many many small trades, if if put a buy in at say 300,000 it will take 10 or 12 pieces to fill, the same with a sell order, there are very few big number trades. This is stock trading at its finest, but has nothing to do with who or what the company is.Just watch for the big drop, it can go down a lot faster than it goes up.
JMO
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