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.
The most important thing about any mining stock or mining company is management when considering a buy.Please don't consider SFMI aka the money grabbers.The project is second or third and this project has not proved a valuable mineable ounce yet and they do not have the funds even if gold is present ,With all the screw-ups its fair to say stay away no matter what the price is as mentioned before PQ is apartner of the Market Mover hence 2 cents.This is a borderline scam.
Buying this stock supports borderline theft by management from the shareholders as they are down 700% from 8 months ago.If you are thinking of selling get out and if you are thinking of buying find a better stock ,that should not be to hard in my opinion.If after that you want to hold your position you do so with the chance of losing more money as sub penny is a distinct possibility.
Frenchie and the Tanman are out of vouge at the present and so is the stock.For it to rise it needs buyers and buyers need good news which my friend is not in the cards.Please don't feed the monkeys.
Broken promises and broken dreams glad I figured this was a scam back last Summer before the meeting and sold out before the stock dropped below 10 cents.Where the heck is Upsidedown or downsideup .I got a kick out Pq telling everyone about the Canadian Stock (Briess?) while explaining why they have a 43-101 today that took everyones money on that project that had no gold that said they did. He is just as bad for what he has done. Frenchy and the tanman will never show their faces again to the shareholders because SFMI will never be here next September.I also got a kick out of how they put down the trucking company guy for quitting ,he knew things where over for SFMI.
DumpDDumpDDump
SFMI is a perfect example of how not to run a mining company.I believe PQ and friends are doing a great job of keeping shareholders in the dark all the while,while raking in millions to fill their own pockets.Now the stock price is below 3 cents and taking on water at a faster rate.Their can't be very many new investors as one only has to follow the stock price from 2 years ago and see what direction the sp is headed.The ones buying are taking a big risk as the only news worthy of a sp rise would be drills turning on site and posting great results.That happening now is not in the cards.We now know why most contractors and personal have left this mining company (so called)and where the company is headed.Pq has played most of his cards and the ones he is holding is pretty much known now.If it was his doings to bring down the stock price he has done a most terrific job and shall be remembered as such.I having sold many moons ago will remember the lessons learned here on staying away from these type of money grabbers.
Pq is ready to step down and hire someone to replace him in the helm.He will control it but not run the company.Thats my take on the meeeting.
I think you are a little low but not by much.
Even if they have to do it three times to get it right.You can't tell PQ how to do something right the first time,he won't acknowledge you.
Cyanide - Free Extraction of gold by a old process using hydrochoric acid is now the business of a Canadian Company.This friendly new technology wes just showcased at the mining show in Canada and last year also. The process can remove 95% plus of the gold. Thie process was also on Kitco today.It might save SFMI 's ass.Neomet if anyone is interested.
I agree and hope your stocks do well.
SFMI is now the one thaT IS SLOWING DOWN THE PROCESS TO GET A eXPLORATION PERMIT. tHEY ALONE HAVE STOPPED WORK ON THE TUNNEL to satisfy the mining saftey people.
SFMI is waiting to go bankrupt not for a blasting permit as their is no such thing .They are waiting to finish work that needs to be done before MINING SAFTEY allows them an exploration permit.
Likewise my friend.
Before anybody thinks of buying any shares at this level I hope one would ask why a stock goes from 42 cents to 3 cents before .Hopefully one does not fall in love with holding a stock.
Their is a possibility that after the factory representative for the milling machine - shaker table equipment visited the operation when called upon 1 1/2 years ago by Pq the reason the output was low is because the input is way over rated or the representative would have fixed the problem.If the new process is not allowed this operation is doomed.As focus will have to be the Sinker and $10 million for exploration.The stock will crash in the near term.A new mill will be needed possibly also.
RS could not or would not fix the 15% yield then he was gone 6 months later SFMI admits the recovery rates since the start of milling. over 2 years..Whos resposible for the holding back of information?
Their is the battle and their is the war . SFMI lost the battle yesterday. Today it broke even on the battle.The price next Friday will tell the story a little better.
SFMI will not come close to any of your future guesses
You bet your life for a company that hides information from its shareholders?
SFMI can do all the tests it wants but if they don't fix the problem after 2 years and also don't tell the shareholders of their inability to rectify the situation they are guilty of not representing the company in the best interest of the shareholders.
SFMI has lost face and touch with the shareholders as it has held back information for over 2 years possibly.They led stockholders to believe they knew what they were doing,when it came to taken samples of the concentrate %'s. They have wasted more than a year of time and money along with wages.Both Pq and RK are guilty.They need to be replaced as soon as possible to save this company from bankruptcy.
The 5.5 million in gold and silver is milled but is not in true concentrate form for the 75%, .Thats what the pr was about.
If my favorite stock just admitted that they have been running their mill at 15% efficientcy for 2 years and longer and not telling the shareholders I'd be jumping out the window in dispair.That is what SFMI has just admitted.Thats why I myself would never put one red cent into this penny play.
They have sent many of tons of milled product at the 15 to 25% rate out on the grounds and used it for grading that still contained up to 75% gold at 4.8 grams per ton.They thought at the time that most all the gold was removed so they used it for grading.
When a gold miner builds a mill it is built with an understanding and study of the ore that will feed it.Some projects spends millions on a study to best process the ore.SFMI built the mill before they studied the ore that would feed it, a big no no in the industry and a big waste of millions of dollars and time and effort.This is not the first time SFMI with PQ at the helm screws up big time.Melba Meltdown is and was a PQ screw up also.
When everyone in the gold industry recovers 75%to 95% and SFMI only recovers 15-25% than they are failing my friend
The mill as it has functioned for the last 2.5 years has so at a efficent rate of only 15-25% to remove the gold and silver and make concentrate.Their concentrate has been anything but concentrate if only 25% of the metal has been removed. The mill is a failure from efficientcy as I see it.
Wrong again ,as what it is is what it is.If after 2 years they cant extract more than 25% of the metal out of the milled product to me they have failed the shareholder again wheter on purpose or not.Then after 2 years admit it finally says it all.
The 5.5 million dollars is not in concentrate form please read it closely it is milled product of which only 15-25% OF pRECIOUS METAL HAS BEEN REMOVED as the mill is only up to 15-25% efficient.This is a total blunder for 2 years and kept secret and now finally admitted.This is the stuff that SFMI does and shoots itself in the feet all the time.
15% -25% recovery of gold in the mill for over 2 years is a bad kept secret. and a long time not to tell shareholders and a long time to have not fixed the problem.It shows their mill as it sits is not efficent at all.
I hope you make money on your stocks,I just feel my money will be served better somewhere else.
It's time to wake up and go to school and learn what SFMI is really about.Its about a plan to sell stock.
It is 5 miles from the center of each mountain top. not 3 miles.I could correct you till my face turns blue with no avail.If SFMI controls 2000 acreas thats only 3 square miles .My estimates are 12,000 acreas at War eagle mountain or 20 plus square miles. To control 2000 of 12,000 is like 16% far from your claims of complete control
It might have something to do with the stock price? but when your gaged one can't talk about it.HAha , wish I was Bill he is 25 years younger than me.
I'll think about it and have my people tell your people.
Just more lies as all this stuff will never all happen with PQ at the helm.Don't hold your breath.
The only thing SFMI controls is the gags.He (PQ)makes you sign a statement saying you won't talked sbout what you know about the company to anyone.Controling 2000 acreas of 25 square miles is controlling 2000 acreas .With about 471 acreas to the square mile and 25 square miles around WEM and 5 miles between mountain centers which is a 2.5 mile perimeter around the center of WEM of land areayou can see SFMI controls a very small fraction ,do your math if you can?
SFMI won't suceed with PQ at the helm.
SFMI even at these levels is not your best bet as silver prices have just moved up 27% in 3 months while SFMI has gone down 30 %plus.Thats like losing 60% right out the window.Thats what happens when you fall in love with a stock for no good proven reason.