Supatcha Resources Inc. (SAEI)

[eik]

SAEI UKRAINE REGION DD
Your post is typical for SAEI “DD”. Every serious investor would be scared away just after reading the iBox with it’s “OMG!!!” in every sentence, multidollar price predictions and shallow-minded analysis. But back to your DD on Beregove… Somehow you missed the fact that Eurogold got rid of it’s Ukrainian deposits just a couple of years after IPO :
http://www.ua-reporter.com/novosti/20687
and currently Eurogold is basically an empty shell “Eurogold Limited has disposed of its only remaining asset and the Directors are actively pursuing new opportunities for the Company.”
http://www.eurogold.com.au/html/operations.html
Ukrainian deposits are real, but they require big investments (much more than $10 mln) and are not suitable for commercial production even with current high price of gold. Many foreign investors broke their teeth trying to retrieve Ukrainian gold: Zakar Resources Ltd, Tournigan Gold Corporation, European Minerals Corporation, and others
http://h.ua/story/53419/
http://www.vd.ua/rubrics-3/2369/
Supatcha Resources is just another attempt to make a quick buck here. What foreign investors fail to understand is that, unlike some Russian deposits in Siberia and Far East, Ukrainian reserves have been studied for many dozens years by the best geologists. There are small drops of gold there, best Ukrainian miners have moved to gold producing regions in Russia. This Supatcha enterprise in Ukraine reminds similar attempt made by Star Energy to extract Ukrainian oil. Just check out how it worked out for them.
The chances to start big commercial production in Ukraine are close to zero… which doesn’t mean that PPS can not perform well for awhile. But if someone is serious about “fundamental” perspectives based on “DD” posted here… well, good luck. EuroGold investors were hopefull too. Some related articles:
http://www.berehovo-tour.info/index.php?option=com_content&view=article&id=309:q-q---
http://h.ua/story/53419/
http://www.vd.ua/rubrics-3/2369/
http://www.scruber.ru/articles.php?page=11&id=30
there plenty of related material in Ukrainian press. Again, Supatcha acquisitions are real, but chances to succeed are close to zero.
FWIW.