Interesting flow chart from Roswell website. I'm assuming Centurion has roughly the same time lines.

http://www.roswellcapitalpartners.com/timeline.html

NeomRocket;

Just to keep the record straight, SFMI is getting the financing from Centurion Private Equity, LLC, an affiliate of Roswell Capital Partners so imo it would be more prudent to look at whom Centurion has loaned funds to not Roswell.

Bouts, where is the big money? I like you man but don't you think people would be front running by now if the new money was so good. Sorry to be a downer tonight, maybe its the scotch. Hate to repeat myself but its not SFMI, its the finance partner.

Bouts I like to read what you have to say and I have no ill will towards you or others. The financing entity I do have questions about.

Shares traded I meant.

No but you give your points of view and I do appreciate it.

Response to a PM.No I'm not scared. I have made a good profit so far on SFMI and I was afraid something like this might happen. I told myself the next time this happens to sell and re-evaluate. I know SFMI has the goods but the financing is very questionable. One of the companies that Centurion financed had "put" restrictions in their 8-K. I didn't see any with SFMI. Here's another arguement, if the financing was so good why didn't we trade above a million or two million? Things that make you go hmmmmm.

Why are none of the moderators addressing my concerns? I'm not being demeaning I'm just stating facts! If the financing isn't toxic, show us the details.

That would be great but if they were going to keep it low, how did they come up with that number? My guess is that if SFMI borrows all the money on the credit line we would end up at .12 a share. With the 3% discount we're looking at the .11's. Maybe TD was right?

The problem is we don't know the real details yet. If I'm wrong I'm wrong but those people look out for themselves.

Clearview;

You probably bought the 110,000 shares I dropped today. The funny thing is I have no problem with SFMI. My problem lays with these scurvy lowlifes that finance up and coming companies. Like I said in my other post today I've seen this before. You sound like an intelligent person so I want to ask you these questions. Why wasn't the "floor" explained in the 8-K? Do we just take Tom's word on it? Is there a provision in the deal that they can't short shares of SFMI? I looked at a few of the deals that Centerion Private Equity has completed. The three I looked all have one thing in common since they signed papers, their share prices have all dropped! All of those type of companies are there to make money on the way down and on the up if possible. Don't take this as an attack because I enjoy reading your commentary. Below are companies that Centurion has financed recently;

DC Brands (DCBR.OB or PK)Feb 3rd, 2011 deal signed .08 per share, today .05 per share

Minerco (Mine.PK) Dec 7, 2010 deal signed .0099 per share, today .0061 per share

MabCure (MBCI.PK) Deal signed Jan 20th, 2011 .43 per share, today .36 per share


I don't care who replies but this deal bothers me. Thanks for your input I appreciate it.

Bouts, this financing disturbs me a little. I've been involved with a stock that had a financing similar to this. What I would like to know is what the actual "floor" is in the stock price. Normally that would be addressed in the 8-K but I didn't see it. My guess is that this finance entity will take it as low as possible to benefit. Believe me, I like SFMI, I like it that they got a big financing, but one way or another you have to pay the piper. JMO

TD, why don't you tell us whom the big company is that is supporting SFMI? Send it to franksfmi@yahoo.com. Thanks.

Why should management care if they know they have the goods? It simply gives them more time to accumulate stock options etc. As people have said before that famous quote "F'em we have the gold". Of course you want to be cordial to your shareholders but the people that loan you money are closer friends. I take this as a great opportunity to accumulate.

Talented Mgmt;


King is no longer ceo of Standard Gold but he's still ceo of Wits Basin according to their website. Have you heard otherwise?

http://www.witsbasin.com/management.html

From the March 17th, 2009 8-K (Below). Wits Basin has a 50% equity position in CGMR but only a 1% profit stake until certain conditions are met. I don't have a subscription so I can't PM.




Pursuant to the Subscription Agreement, the Company and London Mining entered into a shareholders’ agreement dated March 17, 2009 (the “Shareholders’ Agreement”) setting forth certain preferences of the A Shares and governance terms applicable to CGMR BVI. The A Shares carry a preference with respect to return of capital and distributions until such time as an aggregate of $44.5 million is returned or distributed to the holders of the A Shares (the “Repayment”). The A Shares are further entitled to 99% of the distributions of CGMR BVI until Repayment, after which time they will be entitled to 60% of the distributions until the PRC Properties achieve an annual production output of 850,000 tons of iron ore. Upon achievement of such production, the respective holders of the A Shares and the B Shares, each as a class, will be entitled to 50% of the distributions. London Mining is entitled under the Shareholders’ Agreement to a management fee in the amount of $5.5 million for the first year following the acquisition, and $4.5 million annually thereafter until Repayment. In the event Repayment occurs within 3 years, the Company may be entitled to receive a portion of the aggregate management fee paid to London Mining. Under the Shareholders’ Agreement, the Company will be required to indemnify London Mining in the event certain events occur prior to Repayment, including (i) certain payments made under the Consulting Agreement with Lu Benzhao that are to be deferred, (ii) payments incurred in developing Matang, (iii) failure to complete the acquisition of Matang in accordance with the business plan relating to the operation of the PRC Properties, or (iv) a material deviation from the business plan relating to the operation of the PRC Properties. The Company’s indemnification, if any, would be satisfied by the transfer by the Company of a number of its shares of CGMR BVI having a fair market value equal to the indemnified amount as determined under the Shareholders’ Agreement. The Shareholders’ Agreement further provides for transfer restrictions agreed between the parties, including rights of first refusal, drag along and tag along rights.

I do however agree with holding physical silver along with SFMI. I don't have the quantity you have but I'm working on it. Read the same thing you did, no resistance til' low 40's. I love my American Eagles bought below $15. I also thank DCBASS for turning me onto First Majestic. Physical and SFMI is where it's at!!!!

IMO it doesn't matter whom SFMI borrowed the money from as long as the terms are good and they can pay it off. 7% is a fair rate for mining companies. I know one that borrowed $110 million and they have to pay 8% and they are a very reputable company. So whatcha drink'in today? JBrye is mine.

If SFMI is using the gold concentrate as collateral for a credit line I would think it might be a mining entity that is lending the money. IMO they would know the real value of the concentrate and could turn it into cash quicker than some finance guy who would have to spend a lot of time trying to find a smelter, refiner, and maybe a buyer. JMO

eom7; How is that going to help Wits in China? There is still a 99 to 1 profit deal in favor of LM. Is the bottom line the much ballyhooed IPO of the Chinese properties the end game? That's the only way I see Wits profiting in China at this point.

Carmine, kudos for being a straight up guy. Tell it like it is bro'. SFMI is holding .15 very well but it could definitely do better.

http://b-tv.com/index.html? Seems that this would be a good venue for SFMI to air its story. So BOUTS, do you think the possible show is a one and done type of program or continuous? Tia.

Clearview, is your group accumulating GHDC as well as SFMI? What's your take on owning both? Thanks.

Thank you for your DD Bobby Joe, we all appreciate your efforts.

GSFL, thanks for the earlier post about Scammell retiring from the board of SPM. Here's the whole PR. To the poster who said he didn't get a warm send off from SPM, I think he/she spoke a little prematurely.


As previously announced, Peter Hawley assumed the role of non-executive Chairman effective January 1, 2011. Mr. Hawley added, "We are very pleased to welcome Mr. Berg to the Board. In addition, we thank Roger for his hard work, support and contributions developing Scorpio Mining to what it is today and wish him the best in his future endeavours."



http://www.scorpiomining.com/?rub=news_article&ID=256

Hey Bobby Joe, I'm curious if you've heard how the workers at the mill site are compensated? I'm assuming SFMI has contracted them to do all the work at the mill so it would seem to me that SFMI would pay a general contractor either shares or borrowed cash to compensate them. If they only receive shares (they probably sell every so often), maybe that's why we have the volatile share price ride from time to time? Just a thought, fwiw, imo, yada yada.

Anton, I'm curious as to what your thoughts are on TD's comments. Nobody needs to attack one another here but a good debate imo benefits all. Btw, why is TD limited to one post a day? Is it his choice or the board monitors?

My opinion fwiw on the sp drop is a possible private placement to fund the $4.7 million drilling program. If I remember correctly, shares in a private placement can be sold for a maximum of 20% below current market value on the day the deal closes. Please correct me if my numbers are wrong but this may have something to do with the current sp drop. Yes Rabid, I will give you credit for mentioning this possible "dilution" today too.

Here's a few of TD's prior predictions. It doesn't make sense that PQ would leave a wad of cash on the table with the potential this property has. Also a 30 day VWAP to determine a buy out price at this point in time imo is ludicrous to even think of.




town drunk Member Profile town drunk Share Thursday, December 16, 2010 12:57:25 PM
Re: None Post # of 28013
The reason someone bailed yesterday might be because the math was right in front of us all the time.And $750,000 for 20 days is no prize.But ,that was the first run material not the pile they are using right now.Next years total sales of dore will gross at least 200 million and possiblly 300 million if they double output by June.




town drunk Member Profile town drunk Share Tuesday, December 14, 2010 11:03:28 PM
Re: None Post # of 28013
Anybody Want To Guess Stock Price Jan 1 2012 Anyone Here willing to go out on the limb and post what the stock price will be then? My Guess if drilling starts by then and results or a Aerial survey is done and results we could see $5.00.If mining starts without these two I believe maybe $2.

Great post TD! I've wondered about this too. Will the new geologist have autonomy or be a tool? My opinion is to consolidate all these deals so we have transparency. Thanks for your posts TD.

I've been here since five. I've held and traded a little and done just fine. Oh ya, thats just been over the last year. Nice return on my $$$$. Thanks PQ.

I want to thank Ed for explaining the basics of SFMI to me back in the spring of 09'. I didn't commit until January of 10' around 5 cents. Thank you for making my life a little more tolerable money wise. There are no coincidences in life, things happen for a reason. Peace to all positive thinkers.

"Now that have begun operations, we believe that additional capital sources will become available, including investment funds and other investors that we have talked to who want to see us generating revenues before they make an investment."



The above was from the Q3 10-Q. Hopefully management makes a good first impression revenue wise.

Thanks for the link. It looks like they sell silver for about 5% over spot. I will definitely be a customer of SFMI when they decide to sell to investors directly.

I'm very interested in the post by Town Drunk today concerning gold and silver coins. Have any of you DD kings found any other mining company that has either given as a dividend or sold precious metals direct to shareholders? I for one would love the opportunity to buy gold or silver at spot rather than pay a premium. I'd be getting an honest deal and supporting our investment. Can you imagine the attention SFMI would get if they were to offer such a program? The inflow of investment dollars would be awesome.




Silver Falcon Mining gold and silver coins are coming for shareholders only on record don't sell your shares if you want some of these coins.I expect these bullion coins will be available by April some time next year.

If they have to file an 8-K, they have to do it within 4 business days of the material event. My guess is that the sale of the dore bars went down on the 15th so they have until Tuesday to make the filing. JMO based on the wild swings of last Wednesday. Keep up the good work people, your DD is much appreciated by me.


http://www.sec.gov/answers/form8k.htm

FAIR AND BALANCED, I LOVE IT! THIS IS THE BEST BOARD BECAUSE YOU ALL KEEP IT CIVIL AND NOT PETTY. MY OPINION IS TO OWN SOME OF BOTH AND YOU CAN'T GO WRONG. I WANT TO THANK ALL THE REGULARS FOR CRUNCHING THE NUMBERS AND BRINGING UP POSSIBILITIES. BTW, I WANT TO THANK ED883 ON THE AGORA SITE FOR HIS TIRELESS EFFORTS IN THE RESEARCH DEPARTMENT. THIS GUY IS A MAJOR ASSET TO ANY BOARD.

So will we find out what percentage of the dore bars are gold 10-15 working days after November 22nd or after the press release date of November 30th? Also, the rumor of 35% of the dore bars being gold seems way too positive but don't get me wrong I'm hoping for at least 20 lbs.

It really doesn't matter if anyone Chinese is involved. To me it's a non-issue. What matters is that we get purchased for $5 or more. Still I like the fair and balanced. Bringing up the possible negatives is not bad. Go u of oregon.