Etc, I appreciate your insight... But there are always more facts about a situation then what we might know or not know. Last Year, SND was involved with Farrell, They managed to get away from him with little to no recourse. Farrell was in the process of staking the area between Winspears claims and Snd's Claims. Winspear bet them to the land because of the problems Farrell caused himself with GMD and LMX.
Today, unfortunately because over 70% of the shareholder in SND are in the States, US shareholders have until the close of business, Dec 31. to take the TAX loss. The way the stock has come off from its Tuesday rally, appears that TAX sales are going as management expect it to occur as it always does year after year. Lets Don't beat up SND...Give them a chance to prove up its findings! God Knows WSP was in the same situations last year with everyone being a doom slayer...NOW look at US.. $4.00+++. I like SND for A # of good reasons, Small outstanding stock structure, No Debt, ripe for take-over and/or major JV, and strong interest from US brokers and investors. I know,however, they have a lot work ahead of them to prove up the property but all companies have to crawl before walk and walk before you RUN. WSP is running but I remember when it use to Crawl. In a down time for mining, SND has managed to attract investor attention and It appears that the company MIGHT have a good source of CASH coming into the Treasury in the near term.
GO WSP and GO little brother to the SW- SND.
GC |
