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Gold/Mining/Energy : St. Jude Resources......V.SJD -- Ignore unavailable to you. Want to Upgrade?


To: AH who wrote (2804)2/3/2000 9:01:00 PM
From: rdww  Respond to of 3065
 
true - POG smells bad - but have a look at PELE - they did a bulk sample - processed it and they are gonna do it again. Market has taken the stock from .25 (and lower in Dec) up to .70 today. These guys have 3 100% oewned properties in Ont of all places. They are gonna work on the one with near surface gold and bulk it to the nearest smelter and make some $$. Why does this story sound like SJD? Only difference is - PELE has way less cash, more properties (past producing mine w/ inferred res as well), less chairs (LOL), a winter environment to work in, and deal w/ the swell OTC.
I got another junior that has been quietly working with very little money the past 3 yrs and now is set to reopen a past producing mine in the US. These guys have ore that is valued at $500-700 per ton (Zn/Lb/Ag) and have gotten this operation running on less than SJD's entire cash position, in the same mining environment that SJD has operated 1 drill rig in! Heck even GSR has survived and is coming back. I figgered them for dead. PFG has less $$ than SJD and has continued to work and look for and make deals on properties. But then PFG has the smarts to see something in a property and work it and promote it. SJD has this property by luck I swear and hasn't the darndest idea how to promote it. It takes Crew to come along and make up some calc's for the mkt.
So it has been ugly - but there are people that have been doing stuff and are gonna make some $$ faster than SJD is gonna pull the rabbit outta the hat. SJD has seen higher prices - but that was also an environment that gave credence to higher prices. SJD will not see these days again for 2 reasons. 1 - the environment of $300 gold and 2 - the movers and shakers behind the stock have long deserted Mike and SJD, and aren't coming back any time soon.
I'd look for the white knight.



To: AH who wrote (2804)2/3/2000 9:43:00 PM
From: Fishfinder  Respond to of 3065
 
What can he do to help? Well first of all he can post a news release reflecting the Crew news.
At least I certainly haven't been able to find any news about the resource calc. from SJD. They are the ones who must have send the notice to Crew to post in the first place.
I phoned him yesterday and was told he would phone me back.
So far no reply.

Scott



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.