Question:
Where did the money go? I'm talking about the amounts from the sfmi 2013 cash flow statements.
Specifically, the period ending June 30, 2013 which shows sfmi spent $2,176,000. Then the next Q ending Sept 30, 2013 shows that sfmi spent $1,483,000. If what MSHA shows is true and the mill was closed during this time period, where did the money go?
Perhaps there is a perfectly good explanation for spending 3.6 million bucks in a 6 month period that shows little visible traces. Maybe there is another sfmi that exists in a parallel universe and that's where there is a functioning mill, employees, drills, mining claims, funding, etc. are to be found?
Forgive me for being so glib. But I have paid handsomely and deserve to speak my mind, even if negative. Critical thinking dictates that I call it like I see it. Anyone applying logic and reason to the sfmi balance sheet would go running in the opposite direction. Problem is that it's too late to run. In order to get back to even I need to see a 2400% pop in sfmi sp. LMAO! Based purely on the numbers, not to mention the other elements of this horror show, it is very unlikely that sfmi will ever become solvent. That's not my opinion, it's just what the numbers say. The odds are worse now than ever before.
And I do fully understand that jr. exploration companies typically have completely wacked out financials for a spell. But there are some critical distinctions between quality companies and the rest in this space. I'm sad to say that sfmi turns out NOT to be a quality company. Wamp, wamp.
I welcome a discussion about numbers. Thank you.
