Some of you guys must have just crawled out from under a rock. I'm sure none of you sit very high up the IQ chain.
This is a business that started 24 months ago in a country very isolated from here, the area is moderately explored, in the right place, with plenty of upside which now has well over 1.5m oz and rising probably to 5+m oz.
It had a valuable non operating plant requiring much restoration,as it is trialled ( from my experienc on another similar project)Parts just wont stand up, so another is ordered. From Where? somewhere outside the country, so 2 weeks later it turns up, maybe a brand new pump,installed, and the pressure guage or pipe down line cannot take the extra grunt, so here we go again, another 2 weeks and it has to go through customs and the bureaucracy is on African time (put it off till tomorrow time).
Not much sense running the plant at 1/2 pace, fix it 100% then we are in business, one month delay is worth 8 at 50%.
Then try and get your samples tested,14 day turnaround in Aussie is 2-3 months in Africa, If you think it is smart to send back here to test, the samples have to go into quarantine so just as much delay. All the coys in Ghana have tonnes af samples waiting to be tested.
I dont know the management of Signature, but I sympathise with their problems and I think they are probably of the opinion "Get it right first time". BUT what a great challange once up and going they deserve all the credit they get, hopefully you wingers have sold your shares and back on the dole by then.
I doubt if the management could give a stuff about comments in a site like this, you wingers are not the type wanted in a coy.
Finally, thanks for your negative comments, I have now amassed an 8 figure number of shares at this rock bottom price. Maybe your mates will bail out at a slightly lower price if the ann is delayed several more weeks.
Dont forget to get excited when the price doubles, you can then buy in, I might sell some to you. In the mean time keep whinging !!!!
SBL Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
