i have no skin in the game but follow this stock. Regardless of whether there is a permit pending, the real issue is financial ability for exploring additional areas. Mary is asking for bank statements reflecting cash balances sufficient to carry out the exploration.
A quick review of SFRX's financial statement shows nominal liquidity and obviously, if the company had raised significant capital, it would have reported it via 8k.
The filings should have said they submitted INCOMPLETE applications and the FBAR doesn't consider such.
I'll be glad to correct the record when you explain. But Mary plainly said there wasn't a need for the meeting and as she was explaining to him last fall, they won't consider new applications until they were compliant. And as far as the FBAR is concerned, a new issue starts the 90 day time frame all over again.
What they submitted in May 2014, which was tabled, wasn't reviewed. Until it's reviewed the FBAR wouldn't know it was incomplete. But feel free to clarify how my statement was wrong.
And BTW....Sinclair sent an email to Mary in Nov 2014 about getting a recovery permit on the current site, but they never actually applied. An email doesn't count.
There is a process and Seafarer seems confused, but feel free to explain how I'm wrong.
Thanks
Oh, and an 8K was required for this MATERIAL EVENT, in your opinion?
News 
Market Data 
Discover 
