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 : Strathmore Minerals (STM.V)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: captkirk who wrote (26)1/7/2010 7:32:13 PM
From: TheSlowLane1 Recommendation  Read Replies (1) of 54
 
If they were required to disclose the name of the secret bidder I am sure they would have done so by now. If they were to enter into a definitive agreement then it would be a material change and would have to be disclosed but that hasn't happened yet. I don't know if it would be illegal for them to have an illegitimate party submit phony bids but why on Earth would they do that? To get a higher price for the property? After following this company for five years now, I would find that to be completely out of character and totally at odds with how they have conducted themselves over that period. As far as I can tell, Strathmore is about as ethical as they come. These guys understand regulations and compliance...they have to if they want to have anything more than a snowball's chance of putting anything into production. They have been consistent about setting the market's expectations about how many years it takes to get a deposit through the permitting process even though it was news that investors did not want to hear. They are very capable when it comes to advancing deposits through the process. They are not so good on promoting the company if the share price is any indication. That may have more to do with market conditions than promotional ability though. Anyway...that's my take on it...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext