Monday, June 14, 2010 12:53:47 AM
I have no problem you posting yours and don't need your permission to post mine.
I know my reasons, don't goad me or I will post them all.
Incidently, I have received a lot of support and encouragement both on the forum and in private messages.
Maybe flippers, newbies and averaged down longs want the negativity to end but those of us who have had our value driven down by silence, avoidance, underachieved targets, abandoned profitable ventures and a whole lot more are tired of biting our lip while history and this management repeats itself.
I will not sit idly by if they choose to do it again.
If the company doesn't start building value for its shareholders and start acting like a Junior Miner whos main focus is mining, I will be posting my opinions more often.
I have certainly done my job to promote this stock here and elsewhere, which is more than I can say for the company itself and I will criticize them if I think it is due.
You can read between lines if you like but the silence following the Mar 13th extractions speaks volumes as did the Update that spawned the negativity.
I do know that before any negativity arose from the shareholder bomb, there was absolutely no intention to release any extraction results more than twice a year.
That was undeniably poor communications getting worse no matter what anyone says IMHO.
That is clearly not how a legitamate Junior Miner would act.
I have been in this stock long enough to read the fine print.
John may have tried to appease the masses but he made no promises or gave any explanation why he chose to decimate shareholder value that way.
Based on past practices it doesn't take rocket science to figure out why.
By the way, SGCP not meeting my expectations this half, the first quarter is long past is only the latest part of the problem.
If the company met anyones expectations in the first or second quarter than they have very poor expectations IMHO.
Yes I do expect much more than that.
Enough said for now.
eye
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