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20,000 on the bid from AUTO. .38 creeping up ever so slowly.
They may find some other big investors (new RMC team looks promising), but when RAM Resources finally pull out their London IPO, they will definitely have enough money to buy shovels for SIBN. :)
Is that where the funding is going to come from in your opinion?
Google translation:
"According to the report, in Katayskom area found "of interest higher contents of gold and silver. " "They are associated with different metasomatic processes in the host rare-metal mineralization in the rocks. The gold content in some samples was up to 3.0 g / t and silver to 9.2 g / t. In the development of tungsten - molybdenum ore in ore Koklanovskom open way possible incidental gold production of about 5 tons, 15 tons of silver "- the document says."
http://ura.ru/content/kurgan/08-06-2009/news/1052098134.html
I also checked out the last year's auction results for Koklanovskoe deposit (the winner was Rare Mineral's subsidiary OOO "Koklanovskoe"). Everything looks fine and can be confirmed by official Russian documents. And new people brought to SIBN are Mr. Zaikin's buddies/colleagues from RAM Resources, which will be basically our parent company now. Hopefully it will be confirmed by some merger or JV agreements.
Links please... very interesting.
Spot on... Hopefully we'll get more PRs over the coming months that will drive this stock back into the multi-dollar range where it was for the 5 month period previous to the split.
It shouldn't take much to get us back up to $2.
We have an interesting trading situation here: there are less than 200K free trading shares. 400+ K shares belong to the old SIBN insiders, and the rest are restricted RM shares. I expect wild PPS moves with future announcements about financing, etc. This is an open-pit mining in the area with developed infrastructure. They just need to buy shovels to start production.
Very nice. Thanks for the info =)
According to Russian geological sources the deposit contains about 5 tones of gold and 15 tones of silver, both are by-products in this case. So, counting only the value of "by-product" (I used $1K/oz for gold and $30/oz for silver) we will get about $2+ per share value of reserves. And it's nothing comparing to the value of rare minerals - the main target of future production.
Siberian Energy Group Acquires Molybdenum-tungsten Deposit Share
By Siberian Energy Group Inc.
Published: Monday, May. 16, 2011 - 6:04 am
NEW YORK, May 16, 2011 -- /PRNewswire/ -- Siberian Energy Group Inc. (the "Company") (OTCBB: SIBN) announced that on May 11, 2011 it acquired 100% of the outstanding share capital of Rare Minerals Corporation ("RMC") through a Share Exchange Agreement. RMC shareholders will receive 65,200,000 shares of the Company (two shares for each share of RMC), representing 99% of the Company's outstanding common stock post-transaction. As a result of the Share Exchange, RMC became a wholly-owned subsidiary of the Company. RMC (through a wholly-owned subsidiary) owns 100% of the Koklanovskoe molybdenum-tungsten Deposit located in the Russian Urals which was discovered and subsequently explored between 1985 and 1988.
Although the Company can provide no assurances that such materials will be found in commercial quantities, it believes that the Deposit is potentially suitable for open-pit mining and may contain molybdenum, tungsten, gold, fluorite, bismuth, copper and/or other rare and semi-rare earth metals, which it will not be able to confirm or determine until additional exploration activities are undertaken on the Deposit. The Company notes that it does not currently have sufficient funding to begin exploration efforts and will need to raise capital to undertake such activities.
With the current prices of molybdenum concentrate, tungsten and other semi-rare earth metals, the Company believes that entry into this sector, in addition to continuing to explore opportunities in the oil and gas sector, could create significant shareholder value due to the dependency of many industries on such minerals, and increasing demand and supply constraints.
Additional information regarding the Share Exchange Agreement and RMC can be found in the Company's Form 8-K filing, filed with the Securities and Exchange Commission on May 13, 2011.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K; its quarterly reports on Forms 10-Q; and any reports on Form 8-K. The Company takes no obligation to update or correct forward-looking statements, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
SOURCE Siberian Energy Group Inc.
http://www.sacbee.com/2011/05/16/3629889/siberian-energy-group-acquires.html
It is a reverse merger and it is about RAM Resources, as I speculated earlier.
RARE MINERALS CORPORATION:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=eDlFU4seXUMYAA3Ejb2MTw%253d%253d&nt7=0
Me to.......
Couldnt find much.... But this is def going somewhere... Looks like a Reverse Merger...( am i wrong? ).... Its nice to see the price move some... Hopefully we find some good pps.. The 9 on the ask isnt looking so bad
So what do we know about Rare Minerals Corporation? I just tried doing some research, but couldn't find much more than this:
http://www.nvannualreport.com/entities-DPC-RARE-MINERALS-CORPORATION.aspx
Grabbed some at .365, market cap is $244k at that price... no brainer.
Who was the lucky one that picked up the 1,300 cheapies today?
Congrats... At .50, the market cap is $333,000. Nice haul.
Outstanding share count is now at 667,659 according to the new 10K that was filed today.
$3/share puts the market cap at $2 mil.
im just hoping there was some sorta plan behind this
It's actually $7.7 in new prices. And they have options exercisable at 7, as I remember. Of course, it's easier to run from 0.014 to 0.1 pre-split than from $1 to $7 now, but who knows... I am not selling the house to "load up the truck", but I did pick up a few 0.51 lots from "round up" sellers. We will see what they have to tell us next, hopefully soon...
all that debt issued at .11...
correct me if im wrong but we would have to hit 5 a share to meet those note
The float is below 200K now... 160+K after RS + whatever number of additional "round up" shares issued.
That would be perfect for a ONE TIME buy out... ONE SHOT... Give me 5.00 a share.
but yes the float is tiny... thats why i stayed. its to small for a sell off.
I think isn't the total share structure something like 600,000? The float has to be much smaller.
company needs some valid news.. hoping for a buyout or some production news to bring this baby float to a easy 3.50.
Lets get some drilling here. Atleast the company is not dead
1. We got off the pink sheets
2. We got our symbol back
With a float like this.. any REAL news and REAl production will bring this back to life.
Would love a buyout
they just corrected it, it is coming off tomorrow
hope it helps.
Good catch JT. I wonder if that will help get it get back to the $1.50-$2.00 range.
I think the D is coming off tomorrow, not sure but I think this is a missprint.
13:17 4/13/2011 SIBND Siberian Energy Group Inc. NEW Common Stock SIBND Siberian Energy Group Inc. Common Stock **
100 share dumps at .51 are drying up. Time to move higher =)
Look at today's trades:
15:46:22 0.51 100 OBB
12:27:08 0.51 100 OBB
12:26:57 0.51 100 OBB
12:03:58 0.51 100 OBB
12:03:58 0.51 100 OBB
12:01:15 0.51 100 OBB
12:00:08 0.51 100 OBB
11:59:00 0.51 100 OBB
10:58:28 0.51 100 OBB
10:51:34 0.51 100 OBB
10:03:08 0.51 100 OBB
09:33:46 0.51 100 OBB
09:30:17 0.51 100 OBB
09:30:16 0.51 143 OBB
People are selling "round up" lots for $51 of free money. About $700+ of total trades. I don't know... I am not exactly happy with how the management handled RS. I expected them to start talking by now... But... will keep my free shares till better times. :)
BTW, have you noticed that SIBND is back to OTC BB now? None of other stocks from my watch list has done that.
got SIBND, 100 roundup, 16 days,pretty quick for TDA
New Roundup Info:
Apparently the DTC was given all of the split information and the Transfer Agent (American Stock Transfer) still has not received anything. I was told today that the DTC was only accepting roundup share requests from 3/17 through 3/21.
So, if your broker has not yet put in this request then you won't be receiving any roundup shares unless the DTC extends the date. Apparently the only way to do that is to get your broker or the company to contact the DTC and request that the date be extended.
From the filings:
David Zaikin, CEO: 212-302-3431
OptionsXpress did not get the request in, I haven't heard from any friends about other brokerages, but feel free to chime in.
Good Luck =)
from TDA, I'll believe it when I see it.LOL
Thank you for your inquiry. The round-up shares are expected to post to accounts within the next few business days. Unfortunately, I do not have an exact pay date, and we are not aware of any information relating to the transfer agent and what information they have. You will soon see 100 shares in your account. Please contact us again if you have any additional questions.
Sincerely,
Derek Whitehill
Apex Corporate Actions and Dividends, TDA
Division of TD Ameritrade, Inc.
looks loke ya got the right TA
American Stock Transfer & Trust Company
Transfer Agent
Operations Center
6201 15th Avenue
Brooklyn, NY, 11219
800-937-5449
haven't talked to anyone, maybe I'll send an e-mail to TDA today and see what they have to say.
Ah, I see what you mean.
Transfer Agent still hasn't received instructions regarding a split yet from the company. American Stock Transfer told me that they were the TA for Siberian Energy, am I overlooking something here? Nobody is getting any roundup shares until the TA is told to give them out.
Anyone in contact with the company know what's going on?
To Da Moon!!!!!!!!!! :)
guess we were, thanks
from the most recent 8-k.....
"Additionally, as a result of the above, the Company’s symbol on the OTC Pinks (the Company was automatically delisted from the Over-The-Counter Bulletin Board (the “OTCBB”) on February 22, 2011, due to the failure of a market maker to quote the Company’s common stock on the OTCBB for the time period required under FINRA rules and regulations) changed to “SIBND”, effective March 15, 2011, which symbol will change back to “SIBN” after twenty business days. The Company has engaged a market maker and hopes to have its common stock re-quoted on the OTCBB within the next few weeks."
hmmmmmmm, were we expecting a move to OTCBB
12:55 SIBND Siberian Energy Group Inc. NEW Common Stock 3/22/2011 100 Added to OTCBB (SIBND) **
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/21/2011&mkt_ctg=ALL
yeah, I know xdate was 3/15, guess I wasn't very clear on that. used to figure 18 days from when it actually split in my account at TDA, which was 3/17 am, to get round up shares.
Gazprom Neft (SIBN.MM), the oil arm of Russian gas export monopoly Gazprom (GAZP.MM),
That is not SIBN.ob or Siberian Energy Group.
This is great news...Any thoughts on a target sell price? It's currently at $5.45/share even though my etrade account hasn't updated yet. I'm assuming it should update when the maret opens on Monday.
RS was effected on 3/15, it hit the daily list on Monday: http://otcbb.com/asp/dailylist_detail.asp?d=03/14/2011&mkt_ctg=ALL
I contacted the transfer agent (American Stock Transfer), but they said that the company hasn't even notified them yet that the reverse split occurred. So the roundup shares won't be delivered for awhile.
Somebody needs to get on the ball...
I have my douhts, used to figure 18 days from when it RS, which was this morning. guess we'll see.
lets hope that is the case
wow, a week, that would be a surprise, used to take TDA 3-4 wks. I see it's already split, that was quick.
SIBND. Just for clarity. Spoke with Ameritrade. according to re-org dept
They need to apply for the round up shares. We will get them but takes a week
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