Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

Don't get your hopes up... It'll be a long time before the PPS gets back up to a high enough level where 98% of us will be able to break even.. IMHO

Only a handful of investors are above water here. Okay maybe not that many. But hey, that's okay. Everything will be just fine. We all need to have patience... I'm in nooooo hurry. Why would any investor want to make money quickly? Isn't it better to be in a stock that if you sold you'd lose money than be in one that you'd make money on and move to the next stock?

Getting close to a year that I have been here. I thought this would of done a lot better by now. If you go back 10 months and read the posts here up to present you'll see that I wasn't alone in my thinking.

Of course the market conditions have been horrible, but the company hasn't done anything to help the situation. Delays every step of the way. When we received good news in May and started to get buying pressure a large seller stepped in. Now we have no true Bid until .08 - The company can't find any investors to even hold the Bid. And trading on the TSX has been embarrassing to say the least.

So again I say don't get your hopes up. I see this doing very well by this time next year if they can start production or get a buyout offer. Until then I see no proof of them being able to get the PPS up. Nothing in phase 1 stands out enough to prompt any real buying pressure. If we were to get any buyers in September it'll be met with strong selling pressure from investors trying to break even here and moving on.

JMHO - FWIW