Sorry....,Whooops! my maths were a little off lol. We now hold 2,332,373 shares at a share price of (mid price) 0.75 Which equates to £17,492.......That's better! and we still have some 10 year warrant options too. Makes me laugh that Goldcrest has a higher market cap than SRES. Just shows you how under valued we are....And we are so undervalued!!!!
I can only go from 2009 regarding director buys and from then they have bought shares 7p, 6p, 5p, 4p and down to now in lieu of salary. They are out of pocket but you have to take into consideration that this is a second income. PC made a fortune in the 90's. That's the easy bit.
I realise that even with gut reaction , many no doubt think I am negative! I don't care, I am only after decent results.
Here are my questions if anybody wants to reply.
1.Nevada and Cue, why can we not drill 12 months of the year. it is warm and not the same as Alaska? q 2. f up with one of the Bay drills. Surely that's not our fault and we pay nothing until drill completed, so why are we thinking dilution of shares until bay drill has been fulfilled?
3. What is the % of getting any money from the Pozz Ash project. I really doubt it will come through.
4. I can't believe we have used up all the initial funds when last drill was a failure and nothing to do with us. 5. Jim, I thought you were a long term investor, but after reading posts you have submitted being negative I don't know,. 6. Comonsres, nothing wrong with being angry, that's great ina nicd way as it shows you believe in pc.
I totally agree. I was getting angry about how things are running here so i chose not to write for a few weeks. I think it is a disgrace that we are actually only working this company 6 months of the year. Surely the number of shares issued then to directors should be halved? This is an outrage if they take shares this year. They have done nothing and the only project they managed to do something about they messed that right up. So lets fo some thinking. We will probably do another drill in spring and after waiting for results we will be somewhere around september. Even if we do a reasonably good drill with good results the market knows after september this is going to drop because we have nothing planned. It seems the company is on its last legs. I really feel let down that the company isnt finding another job to do over the winter.
So were into yet another shares issue for these boys ,m, not in there interests to raise the so is it ? Lower price more shares . . Not bad for six months work ( well weve done sweet fa since september ) maybe we need to ask what percentage of these directors time is devoted to the interests of sres , ( not alot by the look of it ) .
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