mr. yaw chee siew takes 40mil shares at .07, page-13

RogueTrader - I am happy to enter the debate for the sake of balance to your posts. I'll give you some background, just so you know whether I have any idea about markets etc. I have been trading shares, mostly resources/oil&gas stocks for over 40 years!!!

I have managed resource projects for a number of different sized companies for many years, in senior management positions, so I think I have got a very good grounding about project development also.

With regard to SIH, I have already done a complete assessment of their stated Inferred Resource position, using their presented data, allowing for their estimates of past cost of work, and used that as a basis for estimating future costs to complete such work, PLUS a modest increase to the adjacent resource areas around that existing Inferred Resource. And although you can decide to ignore my assessment, clearly the cost to complete a DFS, including infill drilling plus any modest resource increase, will result in a considerable ballooning out of share capital in the next 12 months.

Already I have noted in other posts on SIH that in fact their expected delivery dates for completion of the DFS is not feasible (working back from their indicated completion date), so even their timetable is clearly impossible.

And to boot, IF they were even able to get finance for the project, the equity raising part of the funding would result in such a low EPS, based on THEIR own analysis and about current share price, that it would not be favourable for ANY funders apart from maybe the Asians who have no clear understanding of the issues involved and probably just want to have the prestige of "owning" a gold mine (LOL).

There will not be any chance to project fund this project in any meaningful way due to the terms of the JV, which I have already explained previously, whether you want to fob that explanation off is up to you.

As for your comments that SIH is in the process of turning from explorer to producer, it begs the question whether you really believe that, if whether you really understand all the issues that must be completed within the next couple of years. It is misleading (or you simply don't understand that risk maybe?) to suggest that its a fait accompli, and it suggests to me that you are more interested in short term getting the share price up, than actually increasing long term shareholder wealth.

As for the roadshow, what's the point of talking at this stage, they have indicated they will get a new resource out in May, along with metallurgical information etc, why not wait for more information rather than dated 1 year old information that the market already considers ho-hum.

I state this as I have already mentioned because IF management were smart, they could actually reduce dilution and increase share price by changing their strategy.
And it may even then be attractive for me to consider an investment, but not when they continue down the path they are pursuing which I consider to be a path of no return for current shareholder wealth.

You of course are entitled to your opinion, but I have an opinion also, and mine is based on many years experience in both the market AND in the project development arena.

I follow many resource stocks, and I have a close monitoring role on each of them to see if there is any value for potential investment. SIH was one of them, but it looks like it might be lost as an opportunity unfortunately. I was interested much earlier on for different reasons, but as it has panned out the company is not going to perform with its current path. The share price might get the odd jump up on the "contrived" placement from time to time, but its a stock to be very wary of expecting anything other than a longer slide as it increases in share capital.

(Lucky SIH have those Asian investors, but in time even they will find they are feeding a never-ending story, but it may suit their style to remain involved - but in them continuing to take up the placements at current prices will result in only one thing happening to the company!).