Sierra Resource Group Inc. (fka SIRG)

[Capitalvaluetrade]

SIRG great DD compilation

Per Nadendla:

2/9/2015..The mine is forecast to produce about 42.7 million pounds of copper over the life of the loan and generate $141 million in revenue...The mine has extensive infrastructure and processing facilities in place that can readily be refurbished or upgraded to restart the mining operation. Sierra Resources hired engineering consultants CDM Smith to complete all federal and state permitting, which is nearly complete, as well as civil engineering work and construction to enable full production...Key Capital Corp. and Red Rock Assets are working on a $13 million finance package. The project has potential to provide lenders with an estimated return of 13 percent to 15 percent, according to a financial summary.

http://kdminer.com/main.asp?SectionID=1&SubSectionID=1&ArticleID=64768

Per stervc:

SIRGQ Reiterations to Consider...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116343402
Quote:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115527453
Wucher, to possibly help to better understand...

The comment about future owners being 100% owners of SIRGQ is specualtion on my part. As I had stated, it is only my opinion for what makes sense to me. In my opinion, it would do the current/previous management of SIRGQ better to have the new management takeover the public entity because they would be bringing more value into the entity.

From doing the math, SIRGQ would be worth somewhere in the area of .04 to .10 per share based on the percentage to be given to them indicated within the court dockets, but if they allow such a Triangular Merger to take place with the surviving public entity being M& C Metals Corp into SIRGQ as I hope and believe, then SIRGQ would be worth somewhere in the area of .40 to $1.00+ per share. This would greatly benefit all and would give OROT (Parent Company of M& C Metals Corp) a chance to enter into the US Markets.

v/r
Sterling


Quote:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115519159
SPORTYNORTY, respectfully, why it depends...

Respectfully, I would have to say your thoughts about us SIRGQ shareholders seeing high .001s if the Q comes off next truly depends on something very important.

I think if SIRGQ not only loses the Q, but if they also release any kind of an update relating to further details as indicated below regarding the $141,000,000 in Revenues, then SIRGQ should drop two zeros to trade into the penny or pennies range:

Quote:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115177219
muralees79, respectfully, with that SIRGQ thought...

If that is how a lot of people are looking at things with SIRGQ, then a lot of people are very wrong with how they are looking at things. Please, I say this with all due respect that OTC Markets has absolutely no control over the Bankruptcy proceedings or anything dealing with the Bankruptcy for SIRGQ or any stock that is or was in Bankruptcy.

To keep things simple, I won’t get into explaining the power of the Trustee or other key related personnel assigned certain levels of authority during Bankruptcy. I do think that it is definitely important to note that the "governing authority" does not reside with OTC Markets for Bankruptcy stocks. To keep things simple, I think it should be understood that the "governing authority" resides with what's filed within the courts that is listed within the court dockets within the Pacer database. Those documents are "officially" stamped and ruled upon.

Normally, after a company comes out of Ch. 11 Bankruptcy, there is a review process that takes place to determine how and what will be delivered to the public at specific times. Usually, there are Trustees, Lawyers, Accountants, and/or other key personnel involved that will all coordinated on such a delivery. If the Definitive Agreement was expected to had been signed on 30 June or up to 10 days later, I think it’s customary and fair to presume that we might not see that positive update confirming what was already approved by the courts as indicated within the court dockets until all key personnel has coordinated on the delivery to the public. This review could take a week or two or so.

Something else to note, I saw where some thought that SIRGQ was going to transform from Ch. 11 Bankruptcy to Ch. 7 Bankruptcy (Liquidation). According to the court dockets, if it would have been deemed that the plans for recovery were not viable for SIRGQ to positively move forward, then a decision could have been made to move SIRGQ from Ch. 11 to Ch. 7 Bankruptcy to liquidate all of its assets. However, the time frame for such to happen had elapsed as that decision could have only been made from 2 June when such was filed as part of a worst case scenario option through 16 June. This is because the Bankruptcy was dismissed on 17 June 2015 as filed within the court dockets. This means that the plan for moving forward was ”officially” confirmed viable or the company would have already moved into Ch. 7 Bankruptcy and we would not had ever seen that entry within the SIRGQ court dockets filed on 17 June 2015 indicating that the Bankruptcy for SIRGQ was dismissed and is no longer an issue. See below from what is also within the IBox:

Quote:
http://investorshub.advfn.com/Sierra-Resource-Group-Inc-SIRGQ-18443/





I think it is important to note that the plan to successfully bring SIRGQ out of Bankruptcy is something that a team has been working on since 2010 or actually earlier. It’s been a long time coming, but the filed dismissal confirms that the time is very near.

Courtesy of texman, the court dockets recently filed below indicate that the Outstanding Shares (OS) has been decreased/reduced down from 813,817,442 shares as of Dec 31, 2014 to 319,395,976 shares as of March 31, 2015. This is a share reduction of 494,421,466 shares which is a greater than a 50% share reduction:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115121802

There is an Accumulated Deficit of $21,502,321 for SIRGQ. Since the future owners of SIRGQ are going to be 100% owners and not 50% or less owners, they will be able to use the Accumulated Deficit of $21.5 Million as a Net Operating Loss (NOL) to be used as a 2-year carry back and 10-year carry forward tax NOL to reduce its taxable income for its tax years. That’s an average of a $2.1 Million in the reduction of its taxable income over a 10 year time frame or a $4.2 million reduction of its taxable income over a 5 year time frame. This will greatly position SIRGQ to be very profitable.

The Accumulated Deficit is also not an issue because the mining property being brought into SIRGQ is expected to be generating $141,000,000 in Revenues over the life of the copper mine courtesy of Nadendla as indicated below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115053189

This is also important because SIRGQ is expected to be generating $141,000,000 over the life of the copper mine of which if you consider a 7-year life expectancy for the life of the mine, that averages out to Revenues of $20.14 Million Per Year.

Now consider the magnitude of those who are involved from that same link above:

Quote:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115053189
Sierra Resources hired engineering consultants CDM Smith to complete all federal and state permitting, which is nearly complete, as well as civil engineering work and construction to enable full production...Key Capital Corp. and Red Rock Assets are working on a $13 million finance package.



Observe the quality of the companies involved after researching through the quality of their websites:

http://cdmsmith.com/


http://www.keycapitalgroup.com/


https://www.redrockassets.com/


Also within the court dockets which is also indicated within the IBox, SIRGQ is going to be signing a Definitive Agreement with Orotecno (OROT). For inquiring minds, OROT generated over $80,000,000 in Revenues in the last 6 months:

Quote:
http://investorshub.advfn.com/Sierra-Resource-Group-Inc-SIRGQ-18443/


http://orotecnogrupominero.blogspot.com/


It was also mentioned within the court dockets that OROT will complete the purchase of the mine and place the mine in its wholly owned subsidiary called M& C Metals Corp, a Delaware Corporation. If I had to guess, the new name of SIRGQ is going to be changed to be M& C Metals Corp. Here is confirmation below after placing the name in the Business Entity Search within the Delaware SOS database:

Quote:
https://delecorp.delaware.gov/tin/GINameSearch.jsp


v/r
Sterling


v/r
Sterling


v/r
Sterling

Per SPORTYNORTY:

When people realize that OROT is consummating a reverse merger with SIRGQ, we will run to .10 cents.

OROT wishes to take their highly profitable company public without having to go through all of the time, energy and paperwork associated with an IPO. The most expeditious manner with which to accomplish such desire, is through a reverse merger. So SIRGQ with their mining interests, but lack of finances, happens to be in the right place at the right time, KIND OF LIKE US.

BENEFITS TO OROT IN CONSUMMATING THIS TRANSACTION:

1) OROT gets to go public, cheaper and sooner with less regulatory scrutiny.

2) OROT gets over $22.0 million in NOL (Net Operating Loss) deferments from SIRGQ through the reverse merger.

3) OROT gets all of SIRGQ's property/mining interests.

Per OCMillionaire:

THIS IS WHAT IS IMPORTANT FOLKS*****READ***

8/19/2015-

I SPOKE TO SOMEONE TODAY GUYS FROM MANAGEMENT :)

Finra is the real reason why the Q hadn't been dropped. Some paper work was held up and that is why it took so long. People are calling Finra as if they are going to tell you lol I spoke to company. That is what they said. Don't care if you believe it or not. You will when the Q is gone and commons survive. They had a checklist they needed to go through and They took their time with it and I was told the Q WILL BE DROPPED BY THE END OF NEXT FRIDAY (the 28th)!!!!!!!!!!! He said BK is dismissed and they have great updates coming out. WEEEEEEEEEEEEEEEEEEEEEEEEEEE$$$$$$$

I am going to a meeting but I hope you all have a fantastic day~~~~

Per scappy:

Penny hedge fund Maxuis added 20m shares today, one traders blog reported saying they must be up to something to be adding that many shares, thinking they must have gotten some kind of leak in info or news coming.

Per xZx:

the SIRGQ OS could drop to 319M, based on this doc from the BK:

based on the OS in the BK docs imo a .10 target is low.

a dime puts the market cap under $32M. we all know how many toxic turd stocks on the OTC trade at similar valuations, with no legit business model.

clearly OROT is in a different league. smile

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115699092

scroll to the bottom of that image file.

theoretically, the courts would be shown a new number, based on the reorg plan, not an old number.

and it makes sense if OROT was able to pay off creditors who held large equity stakes. those shares may have been returned to the treasury.

to be continued... smile


Us shareholders get a free ride on the OROT money train.