Other than communication and SP the company is on track. (some would agree.)
SAN's ability to communicate what they have is about as bad as any company I am familiar with. (One of the best was NT, at times releasing several PR's a day!)
Remember Dale's edict, "we'll let the drill results speak for themselves!"
That message, if the SP is a "score-card," has effectively been silenced! SAN is now hovering around its 2005 highs with its most "outstanding" drill results tendered since!
Between the jigs and reels this "steak" has lost its "sizzle!"
IMHO, SAN's SP has been dwarfed, not by better drill results, but with more focused promo and more convincing "story-tellers!"
"If" manipulation is/has been the central issue with SAN hand-cuffs and leg-irons should be applied more judiciously!
Historically, "manipulative fraud" was answered by jail time for perps caught plying their trade on the TSE. An example involved a called Windfall Oil and Mines Ltd controlled by George and Viola McMillan.
An interesting quote from the follow-up went like this, and I quote, "The promotion was a masterful performance, with the McMillans subtly feeding the rumour mill by what they didn't say!" They also used every stratagem possible to delay recieving written assays.
Viola, 21 year president of the Prospectors and Developers Assn, a veteran trader, painstakenly groomed the market creating a sense of activity by purchases by other cos under her control. Later it was said she was personally involved in 40% of the trading.
The McMillans netted $2MM from the scam, following which she was convicted and jailed for "fraudulent manipulation!"
Just a bit of history of what can happen when "overzealous greed" takes hold! (Gold often the driver of same although the McMillan fraud resulted from Windfall's land position adjacent to Texas Gulf Sulfur Company's huge lead zinc find in Timmins, Ontario)
I'm not pointing fingers, just a brief precis on how the perps work. For a more complete "resume" the book "Fleecing the Lamb" written by David Cruise and Allison Griffiths in 1987 outlines the inside story of the Vancouver Stock Exchange and manipulative techniques that are timeless when applied to mining cos! (any cos for that matter!)
Without predjudice
RUF
Just a fair weather warning that the winds can blow both ways!
