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 : South Pacific Resource (C.SHF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Greg R who wrote (1941)2/7/1998 2:11:00 PM
From: Ronald W.Millar  Read Replies (1) of 1980
 
Greg:

Your questions are very valid......and the answers are critical to the very survival of South Pacific Resources.

I am extremely concerned at this point as to whether SHF can survive the next 6 months.$2.5 million will not buy any exploration of our current holdings...and except for the one joint venture (which is not all exclusive to the Indo holdings) I think we are looking at the possibility of potential insolvency.

Our only hope is time.....and money.The problem is there is lots of time and too little money.I am of the belief that this company has no other choice than to "hibernate" and hope that Gold and more importantly Gold Exploration can recover.

One thing is for certain there will be hundreds of Junior Mining companies going belly up shortly...I only hope SHF is isn't one of them.

I must confess that over the past few months I have been gradually selling out of SHF and reinvesting in Canarc (CCM-T) and Indomin (IRL-V).Both companies have cash cows and are well diversified. But their share value has dropped as significantly as South Pacific.

Its a real nightmare situation now...but I can only hope things will improve...if not sooner than later.

Does anyone else have any other insight as to what may lay ahead of us?

Regards:

Ron
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