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/EnergySpokane Resources V:SKN


Previous 10 Next 10 
To: FSR who wrote (34)3/4/1998 2:58:00 PM
From: Texas77
   of 51
 
Hi FSR,

I have had a position in SKN for over a year now. I did average down and I could get out even now - but I plan to give them until summer to see what happens. I haven't been following them closely - but I did see that Armstrong was buying. Another friend that I have in Canada has also told me that they are backed now buy some very influential people and he told me to hold on a while so that's what I will do.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Texas77 who wrote (35)3/14/1998 3:48:00 PM
From: John Soileau
   of 51
 
Warrants, more dilution... news release a few weeks ago:

The Brokered Private Placement of 900,000 Special Warrants at a price of $0.35 per Special Warrant announced on November 3, 1997, has now been completed. The $315,000 (net $298,000) proceeds of the private placement will be applied to fund due diligence on mineral concession, located in Chihuahua State Mexico, which the Company has agreed to acquire in a joint venture with Sand River Resources Ltd., and for General Corporate purposes. ON BEHALF OF THE BOARD

They also filed a notice that an employee has been given an option to buy 50,000 shares at .50, good for several years.

Wonder if they will ever mention the MAC again (remember the billion dollar Mac!), or are we just pushing the Chihuahuas these days?

Woof woof.

John

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: John Soileau who wrote (36)3/14/1998 10:20:00 PM
From: Texas77
   of 51
 
John,

I get so tired of these damn plays. But I'm glad that they got some financing. Last that I heard - (in a passing comment from someone that used to be paid to promote SKN but no longer has any reason to tout them) was that some very powerful and influential people were getting behind SKN. I was tempted to dump a couple of weeks ago - but I plan to hold until summer. I think that the MAC property will come back eventually - but our best play for near term is probably the Mexico stuff. It's a damn shame that the insiders of these plays rarely get burned - but probably 90% of the honest investors do. Seems that there just isn't any justice, but if they couldn't play brother in law and insider games - I guess there wouldn't be any game at all - the big investors wouldn't step up to the plate for these financings. Playing in the far east in the 60's and early 70's was a lot less risky - but not as much fun! <VBG>

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Texas77 who wrote (37)3/15/1998 12:56:00 AM
From: FSR
   of 51
 
Hi Dave:
I'm sick and tired of these "games" also! Just finished reviewing the
glossy 1997 Annual Report - "Independant reserve estimate established
the Camp Zone, Mac Property, valuation to date at over Cdn $1 billion" So here we sit at $.30, more dilution as mentioned previously, and new
properties potentially needing more capital. I hope there are some
big players in the background waiting to get this stock kick-started,
or there's more to this Mexican prospect than a tailings pile >>>>>>> before the Rip Van Winkle Syndrome sets in permanently!

FSR

B.S. or P.S. Anyword on the transition to the TSE

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: FSR who wrote (38)3/15/1998 2:58:00 PM
From: Texas77
   of 51
 
I know one sure fired way to get this baby to run up over a buck. If I will just dump my shares, she will run. It's happened several times before - <VBG>. I didn't even receive an annual report. I wish they would spend less on the gloss and more on the drilling!! I frequently get frustrated with these Canadian mining plays and sometimes swear to quit them - but I just like playing with fire I guess. It looked like the metals might make a return this spring - but now paper is strong again. Lets hope for a little inflation, $10 Silver and $500 gold. Then maybe some excitement could return to these plays. Damn balanced budget in the US is screwing everything up <G>

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Texas77 who wrote (39)3/17/1998 1:21:00 AM
From: FSR
   of 51
 
Greetings Dave:
Talked to Ron Smith (President) today. The Fluor Daniel Wright report
on the Mac Zone will be released at the end of April. The drilling results on the Peak Zone are the same as previous samples. Sub-economic. Claims they are missing the target - no kidding! Unless
the value of base metals greatly increases not much is going to happen
with this "BILLION $ PROPERTY. On a more optimistic note, drilling
could commence as early as the end of this week at Piedras Verdes site.To be followed by drilling on the Minerales site. Keep your fingers crossed. If not I guess I can only hope you start dumping shares!!!!
Ola FSR

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: FSR who wrote (40)3/23/1998 1:10:00 PM
From: ali
   of 51
 
to all; can anyone tell me what is going on at Spokane resources?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ali who wrote (41)3/23/1998 3:03:00 PM
From: FSR
   of 51
 
Hi ali:
Wish I could tell you more than what I have already posted. At this point I think positive results from Mexico are going to be the only
factor that gets this stock moving. Nobody seems interested in the
BILLION $$$$$$ MAC PROPERTY!!!!!!
FSR

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: FSR who wrote (42)4/3/1998 4:11:00 PM
From: georges costanza
   of 51
 
STOCKHOUSE sudden interest in Spokane??
type skn in search
forums.stockhouse.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: georges costanza who wrote (43)6/8/1998 9:44:00 PM
From: John Soileau
   of 51
 
Check this out:
N E W S R E L E A S E
Kelvin Grove Estates Ltd., a Company controlled by the Chairman of Spokane Resources Ltd. (the "Company"), G. Arnold Armstrong, entered into a Loan Agreement with the Company as announced on December 19, 1997, wherein the Company could draw up to $250,000 by way of a loan from Kelvin Grove Estates Ltd. Due to Mexican administrative delays in the completion of the formal acquisition of the Mexican properties, originally announced on October 16, 1997, the Company has borrowed approximately $670,000 from Kelvin Grove Estates Ltd. in order to advance the Mexican project which is joint ventured with Sand River Resources Ltd.
Kelvin Grove Estates Ltd. and the Company have entered into a Loan Agreement whereby the Company can borrow up to a total of $700,000 from Kelvin Grove Estates Ltd., inclusive of the funds advanced to date, with all funds advanced bearing interest at prime plus 5% per annum. As additional consideration for incurring the risk of advancing the funds, the Company has agreed to grant Kelvin Grove Estates Ltd. a loan bonus of 20% of the total principal amount of the funds advanced, payable in shares of the Company at a deemed price of $0.30 per share. The Agreement remains subject to regulatory approval.

Thanks for the loan terms, they're SO generous to the company.
BTW, how's the billion dollar Mac property doing?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10