nice depth should breakout soon i reckon, page-11

highgradeore

I commend your thoughts & are putting your money where your mouth is. However I feel you are waisting your time apart from accumulating at reasonable prices.

The current trading & information flow is no different to the way its always been.

I don't know what you are trying to achieve apart from pushing the price up but i'm not sure you will get what you want.

In the end it could be you who pushes the price up but at what cost. You have to pay for it & with every purchase up goes your cost base price.

I think you are artifically inflating the price for now. Once you stop buying then what. Nothing stopping more sellers from jumping & pushing it down again.

I don't see any thing new in your demands that could be met.

1. Coal - Management have already told us that they have a few options on the coal project but haven't made a definative choice that we know of. There was the sell it, list or continue as is options.

The problem is the project doesn't have all the official approvals yet. Therefore the price is deminished as a purchase contains risks. When the final approvals are received & SRK is eligible to mine with no restrictions then we should expect an sp to support the value of the project. Until these approvals come you won't.

2. Peru - While talked up as a big time project it is nothing YET! Until we get proven reserves its useless dirt.
They are coming Ie. Cuzco increase expected.

Therefore the SP doesn't show the project values because of risks & the upside is unsubstatiated at this point.

Peru has also taken a backward step. They have thrown the 1st PRE feasabilty study in the bin. Due to GFC D&C mess & time the information is out dated. So SRK has taken a step back. We are now looking at two years to complete the feasability studies. This means Peru is only a risk investment for anyone. Sure the resources might be increased (& SP should rise to counter that).


I feel while you deem the company worth more than its current SP value as we all do that doesn't mean it is worth what we think it is. The share market values companies in many ways & not always favourable.

You can't control the SP value or the value of the company. Even if you could afford to move to 20% then what you can't stop it falling from there.

I also think your 3% is not going to get you any pull (I know you think otherwise). You can't compete with the russians & Kahn (40% vs. 3%).

I don't mean to be to negative I just don't think you can bring anything to managment that will MAKE them go oh ok we will do this becuase you say so. While no of us like how they treat us with announcements its part of the punt on a speccy.

Goodluck & let me how you go happy to be proven wrong.

On the bright side you will tighten the register a little more but that could be what is detering investors.

eg. you have pushed up the price 10-15c to acquire aprrox half of one % of the company over two to three weeks.

Any investor to the registor would also note they would face a similar rise if not more to acquire some of the company meaning the risk increases that they over pay to get what they want & then it falls again because as the main buyer they are gone.

Unless you are bringing a party to Take Over SRK i think you will struggle.

Happy to debate

Cheers