Amigo, I arrived late (missed my train connection). So wasn't present for the votes and the early discussions. Luckily discussions followed for a while after the voting. The main points that I heard were very interesting, and I'll try to put them in some form (not in order of any importance). Note that these are my interpretations, and SCI or other people may have different interpretations.
SCI's office in St Leonards is fairly rudimentary so office costs are relatively very low, and it appears that extra efforts are being made to find ways to reduce costs further. Second, SCI has very good relations with the landowners at Copper Blow and their other tenements, and they believe it is very important to work with landowners. Third, the re-structure of the board has not been completed yet, so the exploration program has been postponed temporarily until a Technical Manager and a Chair can be appointed. Fourth, the departing people were looking to move on from their heavy responsibilities. There were no conflicts between people. Fifth, the current credit crunch which is happening throught the whole Aussie economy, is affecting small cap explorer/miners. Obtaining funds has become difficult for the sector. Hopefully the flatenning of the the housing boom, may cause investors to shange focus to the ASX. Sixth, finance from the placement in December gives SCI enough funds to continue exploring once the restructure has been completed. Seventh, the minerology of copper blow is typical of known copper-gold-iron deposits in Sth Australia and it is different to the minerolgy of the soils at copper outcrops in the other tenements (eg Razorback West). Seventh, the people at the meeting sounded upbeat about SCI's prospects, inspite of the tough times confronting the sector generally. Finally, I hope I haven't misrepresented anyone.
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