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Re: havocjohn post# 67716

Tuesday, 07/24/2012 12:13:48 PM

Tuesday, July 24, 2012 12:13:48 PM

Post# of 101798
I don't disagree with you John. Getting off the CE and moving up to QB is a big positive and I applaud management for the transparency. Transparency is key to build trust cuz without it, investors are blind. So kudos for the better info. Having said that, who really knows what the sands will yield? I wouldnt put to much weighting on guesstimates. Until SNEY can perhaps sell some of this material or begin processing it themselves, the company needs some working capital. It seems logical they will, or already have issued more new shares. Of course they may have taken in some new debt. We'll just have to wait for Apri/May/June results to see. But my point was that as if March 31st, the company was essentially out of working capital.

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