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Frenchie is not reporting his gold sales to his shareholders.When this stock hits 1/10 of a cent Frenchie will turn this public company into his own private venture.
SFMI long holders are feeling the pain but have been warned.Frenchie is playing tricks.The stock price will be sub 1 cent soon and after that it will be toast.
Frenchie is rigging the stock trades so he can dump his shares for cash.Everyone knows what a worthless mining outfit is and SFMI fits the bill.I sit back and watch the stock price drop to zero and love it.
Does Frenchie's greed make him the best man to run the company? It has been seen that personal greed does not help any mining project.What will it take to get a new leader on this project? I believe Frenchie's death of old age will be the only way this company can put it's nose to the grind stone and prove their is gold worth mining.Have large family salaries hurt SFMI progress ? It seems that over 2.5 million dollars a year for families salaries and consulting is quite a bit over the top for the foot dragging results so far.Is Frenchie using its shareholders to support his family ? Their is no question in my mind that he has for years milk his shareholders and uses the public companies setup to do so. What is the future for this mining company ? Their is no future if Frenchie continues to milk his shareholders with lies ,bad promises ,and holding back information.
Trouble is brewing with Law Suit and the SEC is investor-gating.Sell Sell Sell .
When I see the porta - potty on the ground I might start to believe until then no potty on the ground means more smoke and mirrors.
I think its a BYOTP .
Looks like they ordered it dry with no liquids and probably if they use it they will have to service it themselves and not the sanitation company as the company itself would had delivered it themselves full . Still questions.To me this is a dry run and just more smoke and mirrors. We will see.I just don't think SFMI has a vaccum suck sewer truck and wash down to service a rented porta -potty.maybe they will cart it down the road once a week to have it serviced?
As soon as I can I will call and see how long the contract is for the portable porta potty on a trailer and who is going to service it to varify this.I see the name of the company somewhat and will ask around and find out for sure.I see the number is 18004561200 .
The 60 tons a day processing @ 4 grams a ton equals 8 ounces a day not even keeping up with the burn rate of the company.This is nice equipment and also very needed but where is the proven gold in the mountain and thats 10-20 million dollars away and years to prove their is.
Price is not why one should buy a mining stock. Management and the project are the 2 best reasons to own a stock in a mining company.That said a a recovery process that will be allowed is the maker or the killer along with money investors.Electricity and cheap electricity is another.To buy SFMI you must agree on the above conditions.When management is to busy kicking the can a light should go off telling you to stay away.When the PR man tells investors the drills are on site and they are not ,he must be seeing things.Thats tells one to stay away.To own a stock thinking it will go up is not a reason to own and speculate.This is a fully reporting family affair mining venture with family salaries nearing $2 million a year.
No annoucement that the milling process is back means that for over 6 weeks no progress anywhere except that they are working on adding to the milling circut.Talk about being kept in the dark.How anyone can put new money in this after doing ones homework is beyond me.With the lawsuit going on in all one is best to stay away and on the sidelines.
SFMI really cares about the shareholders so much ,Frenchy held back his 20% recovery rates for 2 years.The government will never give SFMI cyanide because they know it is holding back from its own shareholders.The mill operations have been shut down for 6 weeks now. And still no porta potty at the Sinker.This company is the biggest joke in the world.I love to follow a person that tells stories all the time (share buy-back anyone).Remember the families salaries are $40,000 a week.
No milling , no mining , no exploration ,no dore sales, no assays just what does SFMI really do.I almost forgot they channel money to the family.The smell of moth balls is getting heavy as no porta-potty means no forward work .Last one to figuire it out will be holding a worthless bag.Some equipment is being revamped is not my way of forward motion.Its 4th down and 100 yards to go.Frenchy is guarding the shares.Lawsuits and trial dates in the news.Meanwhile Frenchy is getting his $20,000 a week.Frenchy has said before he will not work for nothing.Thats 2 negatives in one sentence so it means he is working.
Insiders don't care what the stock price is they make there money with high salaries .Thats why its best to stay away from buying into this so called company aka the family affair.
Sfmi has no mining history and has no personal with any mining degrees.They also have no money only shares up to 10 billion shares to make this happen.They don't control the whole mountain.They spend more on family wages than any other mining company.They have no mining contract with any drillers.They don't own any mining drills.They have not met any requirerments to be allowed to drill and the list goes on and on.Be careful and do your homework.I will only watch and laugh as Frenchy tries to sell his worthless shares.
Where is the porta potty ?
Comparing SFMI with ABGFF is what I think seperates the men from the boys.Both have concentrate to sell.One has 8 times as much. Do you know which one it is?
More Tan-man stories ,the pump.I am a little tired of all his stories .
Each penny drop is a 50% drop at 2 cents.
Where is the beef ? Where is the porta -potty ? When will sfmi stop and get new management?
Longs in sfmi could get punished as no real news comes out except more promises .Still no porta-potty.
Let me know when they get the contract signed for the porta-potty.
Don't ask the PR man he will tell you that the drill is already there.
Looks like they will have to tune the mill once the circut is added. Thats when and figure 2 years to tune.
To many hands in the cookie jar thats the problem.Plenty of cookies but to many hands.Frenchy wants his share first.It seems he has had this problem all his life even when he was a kid.Like I said before someone is going to pay this time and get into trouble .Will he be put in jail or will they put him in the corner.The Tan-man is panicing and seeing drills arrive that they cannot afford.The 2 company trick here will be the staw that breaks the camels back.I can see that all assets may be seized soon and this battle taken to a higher court level.Its not how you play the game its how you win or lose.As far as share holders go ,you have been fleeced from 15 cents to 2 cents.I am having alot of fun myself watching this play out looking in from the outside after cashing out at 45 cents and less.I believe their are no workers left at the mill maybe one or two just to make a little dust.I am smelling mothballs and I have to go now as I am allergic to mothballs.
By saving money on taxes maybe the management team will award themselves a pay raise ?
I don't care if the price goes up or down ,I not buying any part of this stock.Management is playing games with the stock price.Thats why they are getting sued.
Processing ore at a profit is key for any miner but SFMI goals are different because they can't mine so they sell shares and spread rumors.
Where is all that gold located ,on their claims or on somebody's elses. No one knows if sfmi has gold or silver, it has never been drilled yet by them.No proof .So far management has spent over $20 million on the family pay and family consultants for what ?This stock has lost its value because its a non producing explorer who has done no exploration and has nothing to report.At best it has a building that produces only 20 % of the possible recovery and will not report any gold sales.Its being promoted as better than sliced bread but we all know Frenchy's tricks from his life long failures on purpose I believe.I own real silver from 2002 and say that investment was better than this 2 cent wonder.
My thoughts and prayers are going out to all the folks that have lost their nestegg on this puppy.Now that we are in the final chapter of the SFMI's Story and all the facts are out now ,Its time for the rest of the honest investors to throw in your chips and watch the fire die out.Its been a good run for investors here with fast legs and a good sense .I saw the light at 45 cents and never looked back.Moved all my funds into the real gold.Frenchy claims he had 5000 investors at the peak.With the lawsuit coming its time to run as old Kenny Rogers would say.Its not how much you made or lost its what you learned from this that counts.The biggest lesson here is management, management, management.
Every porta potty has a vent pipe even if they are in a box trailer. No vent pipe on that storage trailer means no work.
Sfmi has never made a profit year so the need for write offs does not help.Also the trained workers aren't on the payroll.
Give me his number ,I would like to tell him something.He does have the money to fund this operation himself.He is using shareholders money its cheaper.And he still gets paid.
Needing 20 million to do the work needed to mine gold means 1 billion more shares will need to be sold on the market to fund this deal.At 300,000 shares volume they will need 3000 days to get this money. Thats about 10 years. I will be dead by then and so will most.Good luck .
I have seen the pictures and see no such porta potty .I hope you all get your porta potty soon.I even hope you all the luck in the world on your investments but Frenchy will hang you out to dry eventually.Just remember the miners do need a change shack ,eating area and showers also.
The fence was a request by authority not a thought by SFMI.When work does not progress ,Authority demands miners fence in the entrance . If work was to really start, an area larger would be needed to stage work.If their was a profitable way to get the gold out Frenchy and his wife have enough money themselves to do so.Yet what they do is try to sell shares to impower their paychecks.
Even SFMI will be leaving soon when they can no longer sell their stock.Thats just around the corner.
Sinker Tunnel was shut down because of miners saftey concerns and not lack of money.Those safety concerns now in the sinker are many times worse due to the volume of water and the height of the water along with the heavy metal pollutants which is why 500 psi in a 6 inch core hole will kill and drown workers in an instant.The ponds needed to treat that flow in a 6" core sample hole of 500 psi, that has a flow rate of 600 gallons per minute roughly would have to be large. That would fill your bathroom in a minute.But interesting is the fact that it could be harnessed and used for electricity if done right .Thats a lot of water power and endless somewhat seasonally.Its like having a 1100 foot dam on a river.It could power electricity with a small turbine and turn a generator . The mile and one half long tunnel could be sealed tight and filled (with a lot of water,huge volume) except for a pipe to tranfer water pressure to turn a turbine.Frenchy could sell electricity and I'm serious.Water then could be pumped back up the mountain like some hydro plants do at night when power is cheaper.
Please look at the State Inspection Report for Abandoned and inactice Mines Southern Idaho silver City war eagle report.Thats a good place to start.It shows most all operations on the top of the mountain from the Sinker up which is the last 2000' of the mountain.You will find that the mountain is like swiss cheese with different tunnels and operations etc.Many pictures.Not many water samples I agree but it shows and tells about the metals that pollute the ground water which has risen 1100' to the top of the mountain.1100' of water means that the psi at the bottom of these tunnels are nearly 500 psi.Anyways enjoy the reading as I did.