SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : SOUTHERNERA (t.SUF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: gemsearcher who wrote (5836)3/16/2000 3:57:00 PM
From: baystock  Read Replies (2) of 7235
 
Something just doesn't add up. The following exerpt from their news release is contradictory. They themselves acknowledge that Toronto is the mining finance capital for North America, including the U.S. So their justification for moving to Denver just doesn't wash. It sounds like they are hiding something. Maybe they are planning to use this as an excuse to take some large writeoffs:

<<``Regarding relocating the management headquarters
to Denver, Colorado, the reasons are two fold; the Company wants to increase its presence in the United States to better access the huge pool of capital located
there, and our operating expenses will be significantly less. We will increase our presence in the U.S. by seeking a listing on a U.S. equity exchange and by having a
management presence in the United States. Although Toronto is recognized as the mine finance center of Canada and North America, Denver, Colorado also has a
strong mining community and is the mining center of the United States,' he concluded.>>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News