You are entitled to your opinion but I fully support everything I said.
The company did pump the Pampana River and the Hard Rock mining Projects which caused the stock to rise significantly.
It was the launching platform for this stock.
It wasn't just the Alieu Madhi Report it was the results from the bulk sampling that exceeded Madhi projections by 300% in the Pampana Property.
The Hard rock promos went on for months and both those Projects were built up for months and months on end.
The truth is that is about the only time the company ever did properly promote itself.
Dropping those projects with no explanation is what caused the stock to plummet.
It wasn't the problems that collapsed the stock it was the avoidance of those issues that the market reacted to.
I never said John did have anything to do with the dismal choices that created that plummet.
He did say he became involved to address communications because of communication abuses.
He came into the picture after most of that fallout had occurred.
His focus was to address shareholder communications and yes he did tell me that.
PR'ing is what Junior Miners are supposed to do. Its called keeping investors informed and Promoting the company.
The problems come in not Executing what you say you're going to and trying to hide those developments.
Addressing the problems of that day would have had far less negative impact on the stock and would have resulted in far less dilution once that became necessary.
Simply failing to mention them again however had a disastrous effect.
The Pampana results were not mediocre in any way and those extraction results were well documented.
The only logical argument against PR's is the fact the company did not execute on their claims.
It makes no sense to oppose PR's in favour of selected FR's omitting key data.
The Hard Rock and Pampana River abandonment already caused the brutal collapse of this stock.
It is only the CC Projects that inserted any real life after that.
The first Operational dredge was reason for optimism until once again after months and months of silence it was revealed the dredge did not process material it only prepared it for processing.
There was no FR or PR that explained that it was once again found out well after the fact.
Personally I would be surprised if we ever get back into the Pampana area.
The local chief was well aware of the Madhi Report and knows full well the value there.
If SGCP does not mine it someone else will get those rights eventually.
He also knows Doug walked away from it which doesn't build lasting relationships.
Granted the hard rock concession is expensive but the Pampana Project was not and held massive value even with gold around 600 an ounce.
TORONTO, June 4, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP)(Frankfurt:JYB) commissioned geologist Alieu Madhi to do a report on the potential gold reserves of the Pampana North property. The report estimates the gold reserves to be just over 936,000 ounces. At US$659.10 /ounce (May 31 second London fix price), the value of gold reserves is US$616,917,600.
Further testing showed those results were low.
They were working that site with picks and shovels basically which couldn't be any cheaper.
They clearly should have addressed the problems there instead of skirting around them and choosing not to mention the Project again.
My accounting of events can be pretty easily verified from the PR's themselves.
The company was launched due to the hard rock and pampana concessions.
Of course the mobile processors played a part but thats another story.
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AI
