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To: ralfph who wrote (184769)3/10/2010 9:45:33 PM
From: Frankly Speaking  Read Replies (1) | Respond to of 312358
 
Thanks for the update Ralpie. Do you know how much cash they need to raise?

FS



To: ralfph who wrote (184769)3/11/2010 7:15:21 AM
From: E. Charters1 Recommendation  Read Replies (1) | Respond to of 312358
 
Well I think the magic is you have to know somebody. A company very close to my heart, as for some strange reason I got to know all the shareholders who were founders. Pure co-incidence I assure you. I am working assiduously to avoid such cosmic co-incidences in the future by wearing a tin foil hat and avoiding people who do not have a mirror reflection. I have reasoned that elements that coincidental may be reveal odd vagaries in the fabric of space time that may create strange attractors with dominant forces that amongst other things shred
paper and suck trading specie into black holes in the continuum.

The TSX is right of course. Ostensibly without incredible luck, manufactured by the self same mxlspltflxz sources (see L'il Abner), the cash will run out just before discovery of magnificent amounts of cobalt-nickel-silver are made. Bags of fecund samples refulgent with gallium, indium, rhenium and other strange far north metals will sit idly on the loading dock, invoices unpaid, unassayed, the fabulous riches to remain dormant for another few decades of the mining cycle. Mine Watch and the Environmental Tree Huggers and Vegetarians Society could not have done a better job with the liberal party's annual anti-separatism advertising budget.

It is that little bit of fusty interference of the exchange legal mavens just when the dreams could have made it that makes the explorer inwardly destructive and seethe with impotent rage.. how is one supposed to operate at a decent share price if one cannot do a bit of honest promotion. You just know a channel sample or two of that motherlode ore will drive the stock to unimaginable highs (5 to 8 cents perhaps) allow an undilutionary 200K to be raised. Shield is already suitably diluted with broker's stock, so what is a 4 million share raise (to presumed good, good, friends)? A drop in an already leaky bucket. What Shield needs is a geological sugar daddy who shares their vision of a small property grass roots explorer who is worth a 3 times market pp. (You can do them with believers there is no law against a PP overspending for company benefit if they see monster upside in intelligently run gold or other opportunity...) which was why I organized a free PP zone for Shield moons ago. I realized nobody finds private money without getting major points. I traipsed the convention and spied some fantastic opportunities for a new explorer. Lack of sure fire return on intellectual property services makes me some shy to turn the keys to the mining rights to the planet Archea to the worthy stalwarts of the company. A noticed a distinct lack of prowling for opportunity by company sources. This may be because I don't believe Shield could take on a new property without a sugar daddy doing a private deal for them even in Canada. A new property that was a company maker could not possibly generate enough stock to make it worth the while of either the property owner or the deal maker. You cannot justify palpable potential to the TSXV. It has no geological brain. It operates on a scope of the other's dollars only. The judgment of the geos and the explorer does not govern the equation. He has to sell the farm to raise crop. Which makes for interesting games.

The broker forbad Shield in the devastated market from taking on foreign opportunity in the new and burgeoning grass roots to advanced gold market that was developing. Their geo brain and predictive market brain was stuck in neutral and they also saw Shield's only salvation in flow through. This I realized was short sighted. If you can develop a million ounces of gold in a stable foreign locale, why not do it? I decided to offer some good, good properties to shield that had development potential. So did a few others closely connected to the company. The broker, (Shield said) who now controlled the company, said (would say) no. Bad thinking. The Mexican and Guyanese stuff would now have put at least a 30 cent price on the stock if properly handled. I even dropped my megalomaniac demands on stock to a level headed couple million so they could do the deal. I knew I could pump some of those 20 metre 5 gram assays into a decent looking optics for the exchange approval. Broker said (they said would say) no, Had to be flow through as they "had to finance it". Well of course they were basing that on past performance.. a sad commentary on their lack of vision.. of course.. but perhaps not..

In one way they are saying " we are weak, we need to remain pissante" on the other hand, they are saying "show me the money/management/property/plan altogether and we may change our mind". Who wouldn't?

If all has to come together around realistic people who are not too greedy and realize GOLD IS NOW! And "drive the spike in before the bridge collapses" is the operating filosofy.

Is there a way de bureacratize this mess and save Shield from more pain?

Yes.

1. good property
2. good PP's at double market
3. act fast
4. act well
5. think positive
6. work with people who can make the difference.
7. wash the hands that need washing

Problem with this approach is that it needs finesse. The exchange won't let them take on any more properties in all probability until they finance. Catch 22. If they stick with the Quebec property as their mainstay, it had better exceed all the others they could easily get by hook and crook and finagling and lining the right pockets. Unlikely unless hopefully there is much more to it than meets the eye. But lightning speed and dollars that are smart are needed. Some experience of this sort does haunt the Shield board, but they had better change running shoes and get a new attitude or they will wither.

EC<:-}



To: ralfph who wrote (184769)3/11/2010 10:06:10 AM
From: ogi3 Recommendations  Respond to of 312358
 
It may not be much consolation Ralph, but I spoke to a number of different CEO's that have floated multiple cos on the TSX and they are all fed up with the TSXv NONSENSE. Same deal, always come back at them with more crap, nothing timely and everything adding to their costs and frustrating their time lines.

The CNSX exchange have started to get their trading available on
brokerage platforms, Laurentian bank recently, Scotia being worked on, the big boys RBC/TD/BMO etc slower to respond.Once we can trade CNSX listings from our screens the VSE will have some serious competition I hope.

Cheers,
Ogi