To: AH who wrote (2804 ) 2/3/2000 11:28:00 PM From: russwinter Read Replies (1) | Respond to of 3065
Of course the great gold depression is the chief variable behind SJD 50 cent price (or Birim's 23 cents). The question is who will new investors buy when the climate improves. I'll bet not the one you would like. I see the SJD problem as fivefold and Terrill doesn't even have to sing or dance to solve it; 1. The web site issue: Probably not a factor today. But, where will the next wave of speculators turn to for candidates in the next upturn. Where is there quick access to balance sheets, news archives, reports? If they use brokers, they will refer them to company web sites. And where will SJD be? Do you really think today's breed of speculator will visit four different sites (including Crew's by the way) to get information he could get from one? 2. Market capitalization less than cash on hand: This is a travesty and it's not rocket science to solve either. At the last quarter SJD showed cash of about 69 cents a share. Let's see, if the company buys shares at 50 cents, we as remaining shareholders realize an INSTANT profit of 38%. Ergonomics, give me a break! 3. Slow motion drilling. This looks like a good deposit, and it's far enough along to pick up the pace. S--- or get off the pot. 4. Flirtations with non resources: Clear sign of a major market bottom when so called resources companies prostitute themselves by going into the internut/technology bubble. This is a disservice to gold stock investors who likely are seeking refuge or a counter play that could work in a bubble collapse. The bottom line is let us win or lose money "our way" (in gold and Frank Sinatra parlance), that's why we bought SJD in the first place. 5. Time for a resource calculation. If it's coming my apologies, but hurry along. This is basic stuff. Either this management needs to do it or shareholders should find someone who will.