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Message: cost of splitting SMH

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Re: splitting SMH may or may not be good

posted on Oct 28, 09 11:04AM

You are right Sidewinder about comparing companies as management of those companies is the determining factor along with property value.

With Shoreham I do not believe they will split at the end of the day. Firstly it is too costly and secondly it is too time consuming. The obvious with 53Million fully diluted would be to sell off the Canadian Properties. It is possible and all you have to do is research Mulgravian, Wintercrest and the people behind it all. Then look long and hard at the Uranium property that Shoreham has. Value is there.

So in my world if they take 1Million in cash and stock from a fully liquid company then they get to work in Guyana. That gives their stock a boost and they can then do a good financing of upwards to $5 Million ($10 M with Warrants exercised). That would put Guyana into production on a small scale and a few good feasibility reports on properties in that Black Banana area. Are you listening Mr. Bending to your shareholders.

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Executive Address

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David Bending
President & CEO
November 05, 2009

Discussing the latest developments on the Five Star Property in Guyana

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