Replies to post #15981 on Solidus Communications Inc (SLDC)

[Village man]

With all due respect I think you have a basic lack of understanding of the financials here.

Plus the net proceeds to SUGO will be in the $12 mil range if they get this financing as the interest and fees are paid up front from the proceeds.

They are burning cash without regard to the study and they will be needing all they can get. Throwing any away on a buyback is probably the furthest thing on the minds of management.

If they are reading this board they might be laughing at your thought however :)

[rbtree]

There will be no feasibility study until they obtain a drilling permit, and do scads of work to possibly prove up reserves and a resource.

Surely SUGO knows that.

All important at this time is working on their plan of operation, then filing for permitting with the BLM. Then, the long wait begins. The BLM can't and won't allow forward movement till the public review process is cleared.

This will be a long drawn out process.

Good luck to ya longs, and be sure to protect your profits along the way.

Fist, though, ya'll better hope they actually get this funding.