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Last stand time Gitreal! .50 break and we all laugh harder at you. Meanwhile you are working toward breaking 5,000 posts on AABB, lordy. Get a life.
Another jaded cynic has come to educate us.
Besides SDRC's company specific catalysts in recent times, which I find no reason to be disappointed in, I am also judging stocks based on the perceived new money to enter the space it occupies. The OTC market exists where investors conviction in an idea (such as new gold mining ventures) can find more aggressive risk to reward. By that token we need a comparable, and every other mining stock I can find in this domestic micro-cap gold mining space doesn't even match SDRC's league.
The board is stacked with relevant expertise.
They are attracting non-dilutive capital.
The management structure and the share structure itself is incentivized towards shareholders.
Gold is being taken out of the ground and processed by the company while gold is in range of all time highs.
The various tech ventures of this company are well documented or otherwise patented. Some are in line for government grant money (as is the case for Irish's refining and water remediation tech.)
I just don't see what the problem is. Maybe I'm an optimist but I think this rapidly expanding gold mining venture and technology division holds at least some promise. As far as I have figured, SDRC is a good company and good stock. It has come a mindbogglingly long way in the short time I have paid attention... (3-4 years) and definitely way more than the most prominent and popular stocks in this category.
If SDRC is bad, what is good? Will you please sir, Slojab, kindly give us an example of an early stage mining stock that is worth the investment? Any on OTC? You've been outspoken here on ihub for 13 years (Perhaps more?) now, is there one you recommend? Thanks in advance.
What is the old "bashing" crew gonna do when we break .50 and have no historical resistance on the chart? They all get awfully quiet when price goes against them, it's sad. And didn't they advise selling? Going to .10 quick? LOL. On one side, they'll just be embarrassingly wrong. On the other side, they are betting against the stock in some way and getting smoked. Whether in psychology, wallets, or both, enjoy the rise of SRDC fellas.
Fight at 45 area here. 50 break and hold we march on to $1 quickly..IMO
Hawk
Said the fool who is in over his head.
[SDRC is developing technologies that can shake up this mining industry and bring it into modern times.
Nonsense. SDRC is naught but another in a long line of dinky OTC wannabe mining companies making baseless claims along those lines. Will never happen. The idea is a fantasy.
Shareholder Meeting: overall a 8.5
Takeaways: 1. production on the vein/stockpiling of ore has started ˜700t to process
2. Ore pile discovered on surface next to seeming old mill foundation, this ore seems to not have gotten to processing. This discovery meant additional staking of property, approx 20,000t ore being moved next to processing pad.
3. A building was erected for the processing, concentration, nitric acid leaching, and smelting of metals, management said first results yielded 3.7oz Au/t ore and more to come on silver content but generally higher yield/t and is a nice byproduct for gold mines.
4. 25ton/day processing capacity means if grade remains consistent @3.7oz/t: 1000t can be done in 40 days of operation for $6.5 in gold production possible. Twice as much cash SDRC had on hand all of 2023.
5. With Cash they plan to add capacity to further process more ore than 25t/day, another mill will be erected at Walla Walla (proclaimed to be production ready like Lucky Ben now is) so 50t/day @40 days= 2000t of ore for $13,000,000 Gold revenues at 3.5oz/ton. Mind you, the ore piles are 700tons from Little Giant Vein (formerly known as Lucky Ben Adit 2)
6. Further exploration (likely to be the Arlise property) and more exploration and muck out further into the original Lucky Ben workings.
7. Laser tech, seems they overcame some hurdles, still have some development to do but are working with some great people and alleged testing with more people. Looking forward to hear more hear.
8. Refining techniques/technologies to better the refining systems and clean water capabilities, not only can this help SDRC like the laser tech but possibly the industry. I’m sure more to come here.
9. Going into full year of production on LB adit 2, Lucky Ben original development, and Walla Walla coming into production, it seems 2024 is set for a massive season of production.
10.It seems with looming large revenues and profitability in line for 2024 that the board is setting a goal to get a dividend distribution by EOY. Now if they succeed in this, many here on this board will have to eat their many hundreds of posts publicly. If shorts do exist they will also have no protection against distributions and will have to pay them out to the shareholders that they short against. Ie. Share price would further rise as the deleveraging of a short in a market of no sellers and simultaneously has to pay a dividend distribution against whatever amount of shares they are. This sounds like a very fun and crazy prospective year. Good luck to all, let’s go have fun!
Signing out,
Your everyday, common sense, Vengeance
https://www.fool.com/investing/2018/08/24/ask-a-fool-when-i-short-a-stock-do-i-have-to-pay-i.aspx
Gitreal, you ok? This PA got me worried bout cha.
Shareholders' Meeting was a very nice overview.
Its just mindboggling how far this company has come in the few years since Sean joined the team.
Rather than laying it out here, you can hear it for yourself.... If you missed it on Friday, I have the recording for you here:
Natural wire gold is an exceedingly rare occurrence.
Seeing the pictures that were released from the first days of using the shaker table, we are reminded of that the Lucky Ben may continue to produce museum specimens like the past. I have not yet made it to the Ferry building in San Francisco to see the Lucky Ben sample that was said to be on display there from pre-war mining activity, but barring the desposits' size and scope which has yet to be fully measured, this was and is a geological marvel of anomalous superior grade.
The Winfield Scott mine (Named after the man who discovered it) was renamed to the "Lucky Ben" in August of 1891 before it was sold to Jay Czizek in 1893. The earliest known gold production values of the Winfield Scott were from 1868: "$80 to $290 per ton." At a national gold price of $18.93 per troy oz for that year, that would roughly be ~4.2oz/ton to ~15.31oz/ton. Depending on the wholesale rate they were likely selling the ore at, Dan Hally's (SDRC's Chief Operations Officer) quoted ~5-18 oz/ton is not unreasonable!
Big WK ahead. Mtg for shareholders Friday full of updated information. Website is being Updated right now for the event. Production ramp continues ! So many details to be talked about. Questions will all be answered too....
GL all....Hawk
SDRC's patent application is available for public view:
18/103,991 | 45332-004: METHOD AND APPARATUS FOR USING ELECTRO-MAGNETIC RADIATION IN NARROW VEIN MINING
https://patentcenter.uspto.gov/applications/18103991
An important year for an important company on the USOTC. They're fighting through blizzards to extend the on-site season indefinitely and finally bring the company into revenue production.
Then there's no reason for anyone to listen to you.
Irish Metals' work with Antimony will be of interest to Perpetua Resources in Idaho, who is in an unending myer of environmental negotiations due to their historical contamination of the surrounding water-bodies. Irish Metal's work with water fits well with a lot of the themes plaguing important domestic mining projects.
The XTPT connection was indeed facilitated by Sunnyland, although XTPT's vast properties and extreme early stage make the prospect of construction of a processing plant a very pre-mature discussion in my view. To have SDRC in a signed non-compete non-disclosure agreement with XTPT, speaks to the sensitive nature of Irish's tech, and the seriousness of their intentions together. As a venue to showcase this very important metallurgical technology in the extraction of Antimony, XTPT, or what may turn out to be called "American Antimony," will benefit SDRC. It's just one of those topics that is flying under the radar now but will become red hot if the precarious geopolitical situation gets worse. Sending ammunitions to Ukraine and now Israel? Sure, the XTPT project is pre-mature, but the market positioning is of tremendous potential given there are basically no public-ally traded Antimony producing companies on US exchanges. I happen to like the project and I like Mac Shahsavar who has been financing his companies almost exclusively by himself. He should take a queue from SDRC and build out his board with willing stakeholders and relevant expertise.
You should probably research that first before posting.
Irish Metals LLC and the work of Michael Giriard Irish, Chief Technologies Officer of SDRC, can easly be read about on their website: https://www.irishmetals.com/ I also recommend a search on the patents this guy is credited to. He has developed battery recycling tech under assignees other than SDRC. Irish Metals is not a mining operation and has no relation to your vast catalogue of OTC mining scam material.
Lordy, you sound like you write promos for Sidney.
Is Irish Metals related to Irish Mining (IRLD) in any way? I wonder, I will have to research that. IRLD spent years scamming their investors, promoting a supposed gold deposit in a lake bed in Nevada. Lake beds are about the last place you'd expect to find gold....but IRLD found it in huge tonnage, and high grade. Except they were lying. They would have been better off running a lithium scam, at least that is more believable for a lake bed deposit.
Just looked up Irish Metals....and now that my memory is refreshed, I am reminded that I have looked at that steaming pile before. XTPT, Mac Shahsaver, Sunnyland's family of related scam mining stocks, etc. What an ugly mess! Someone should do a full expose on that whole shitshow.
REE's are not insignificant, they are very important as China is approaching a monopoly on REE production and supply in conjunction with African enterprise in this field. They are, however, are a very minor concern of this company. Like I said, SDRC's main involvement in REE is their smelt-less refining tech (Fully owned subsidiary Irish Metals).
One of the reasons mining REE's are unviable to USA, but not to China, is the environmental regulations and worker safety regulations. The metallurgical achievements of SDRC subsidiary Irish Metals will prove invaluable to any effort to mine REE's domestically and abroad due to zero liquid waste.
REE are insignificant? They mention them in every one of their quarterlies and annuals. It is a red flag to me....having watched dozens of mining scams unfold over the years, so many of them promote REE. Or whatever other metal is in the news at the moment, regardless of whether their mining properties actually have any potential for commercial quantities of that mineral/metal. And so many of them (or their investors) do not even know what a REE is, or that they are not actually that rare. They occur at background levels (ppm or tens of ppm) in just about every rock type or soil. Again, it jumps out at me as a red flag.
If you're not responding to anything anyone said, what are you responding to? Why did you mention REE's in the first place if they are so insignificant to this company's operations?
There's no reason to respond to long-winded excerpts from company promotional material about a dozen different "green", cutting-edge, innovative, world-changing technologies.
some small quantities were found at Lucky Ben warranting further testing
I almost certainly have REE in the soil around my house....should I do some further testing?
Rare Earths is not a core undertaking of this company, though some small quantities were found at Lucky Ben warranting further testing. What they do own is the smelt free refining processes (Subsidiary Irish Metals) that will offer the capability to mine these under domestic environmental standards. Whether or not SDRC has the mining claims to showcase this tech, it's still valuable and can still be contracted out to other companies who can use it.
Nice whataboutism. Way to not respond to a single thing he said. Keep posting king non sequitur.
I wonder if the folks at Sidney even know what Rare Earths are? Do you? Are they present in commercial quantities at any mining property that Sidney is associated with? I doubt it.
Your stock forum posting is right out of the penny stock short playbook.
But I have to say I am utterly dissapointed in this amateur hour showing. You have an alleged reputation for dismantling OTC mining stocks on public forums? Please. You couldn't bash yourself out of a wet paperbag. After a decade of practice, at least on IHUB under this alias, the best you seem to be able to do is wheel out worn and tired out phrases like "endless share selling" without producing evidence for your claim.
So produce the evidence. Document this endless dilution you are seeing onto this board. Provide links to filings, share structure changes, anything. Hold our hands as you connect all the dots that make a straight line. Scare all the longs you are "protecting" into selling. Post away. We are all waiting.
I wonder if you even read the information the company puts out?
Just do better. It's embarrassing.
Otherwise go make your 5,913th post on AABB's board, which you have made your second home since 03/21/12.
Endless share selling? Not lately with half the ask side keeping its distance from the spread. Oh you mean those quarterly new issuances for of 2-year restricted for cash or services? I don't know what exactly those are for but we will see in the next quarterlies. I'd guess insiders are buying or an unannounced asset purchase perhaps? We will see. Perhaps you mean the recently unrestricted share block that was identified from 20+ years ago? This company is not in the practice of dumping on the float. In fact, I'm pretty sure all the board-members are stacked with shares from cash purchases to the company and have never unrestricted any share once.
That "green" technology is right out of the penny stock playbook. Almost every pretend mining company plays that card.....our technology is "GREEN"!!!
Never mind the shaky financials, never mind the endless share selling, never mind the abysmal/unprofessional exploration methods, and just ignore the lack of reliable data.
Not buying the "green" angle.
That is exactly why SDRC has promise and why I think its an asymmetrical investment opportunity.
SDRC is developing technologies that can shake up this mining industry and bring it into modern times. Just a few things this company is legitimately involved in:
Mike Irish's smelt-less refining technology.
Phosphate Recovery / and remediation of waterways.
Battery and solar cell recycling tech.
Thermal fracturing technologies that can eliminate the need for explosives in stope mining....
as well as autonomous mining tech that will contribute to a safer work environment for miners...
Whether or not these can be put into service immediately, SDRC is in line for government grants for this VERY MUCH NEEDED tech given the geopolitical climate we are in. Not to mention, this company is ready to take hold of the investment trends consistent with a market-wide push into ESG and green technologies. There is a tidal-wave of private and public equity investment coming and about to throw unlimited amounts of cash towards projects like these and give them every chance they can get to reach full commercialization. In the mean time, SDRC will be revenue producing and self funded through gold sales... and now with gold carving out new all time highs, we have the added element of gold mining stocks coming into vogue again and the conviction of investors coming into microcaps looking for more risk.
This is not the time to take the other side of this trade.
I think you have a very poor understanding of the economics of mining. A lot of small mining efforts are thwarted by environmental regulations which did not exist in those golden, pre WW2 days. Do you want to return to the days when there was no regard for the quality of air, runoff, and groundwater?? Ever been to a mined area contaminated by acid generating sulfides? Bet you haven't, it's ugly!
New projects and exploration are in a sad state in this country. We haven't seen very many reach production in decades relative to the industrial revolution and pre-ww2, and its not because the stuff isn't in the ground. This industry needs to be shaken up before we are caught in a war with our pants down. New technology is bound to do it and a certain level of contempt for the machine that has kept mines worthless and closed is healthy.
like it was done in the old days when mining actually worked in USA.
A bunch of copper miners in Arizona might take offense to that.
There's the real mining industry....and then there's penny stock share-selling schemes masquerading as mining companies, like Sidney.
It clearly hasn't been necessary to file SEC so far. They will begin filing when the expense to do so is justified - like when the sale of an asset is being negotiated or they are looking to take on institutional stakeholders. Business decisions are judgement calls and so far they have been focusing on getting as much as possible for as little as possible, despite establishment risk assessors and industry scrutinizers saying they're crazy. It seems silly to cut oneself off from them but this stock has been taken over by activist shareholders and a stakeholding management who aren't interested in becoming slaves to the machine that has killed roughly 4999 out of 5000 new projects before they have a chance to become a mine since the 1980s. In all likelyhood, this mine should have been kept boarded up, but that's not our problem. They are on the vein and entering production before the vein system is fully mapped. Buckle the f up. Make money first then spend it on derisking the asset.... like it was done in the old days when mining actually worked in USA.
They're not a SEC-reporting filer, so......good luck.
Thanks for trying to educate us gitreal.
A bloviating bag full of stock board platitudes IS entertaining.
What if it's not a pump and dump?
What if there is no toxic debt and the dilution is done prudently in the interest of growth and continues to delay reaching the the float like it has? What if the company and management actually is incentivized towards shareholder value? What then? No rush in figuring it out. No positions, just here to talk...
You're the entertainment.
That's flattering. But in reality, most folks don't find my presence entertaining. They don't like any kind of light shed on these fake mining ventures.......investors don't like it and the grifters running these penny scams especially don't like it.
Guy like you will be saying the same thing about $AAPL, so no one actually cares what you say here. You're the entertainment. You do a good job.
Pump and Dumps go up, they come down, they go up again. That's what they do.....until the toxic debt and dilution and silly stories finally overwhelm them.
Keep posting nonsense. Clearly you know nothing.
So this new video is out.
Check to get an update on the preliminary test state of their milling operation, set to expand considerably:
Are there really none? Expect that to change.
You've actually made a good point, and it showcases the well ingrained sentiment that has plagued the OTC for decades until now. This is why I don't blame you guys. (If a mining company lists only on OTC, it must be a scam) has been the rule for decades with few exceptions. OTC has a shit reputation and its a self perpetuating machine creating only barriers for companies and investors alike. Investor credibility is put at stake to even try investing here.
Uplists to larger exchanges: All the OTC success stories I can think of have been taken on by institutional money first and that institutional money has always ever insisted on a dual list on a Canadian exchange (or another) before making the switch to NYSE or Nasdaq. Has a mining company on USOTC ever accomplished an uplist from pure USOTC to NYSE or Nasdaq, before it dual lists on a foreign exchange? I haven't found any to study but I will continue to dig into the past. To your credit, my most immediate examples like BHLL, AMLI, all those guys were or are dual lists at some point.
So why? If SDRC is a legit mining company, why is it resisting middle men and institutional money? Just because it can, or is there something larger at work? I'm pretty sure they will likely resist dual list as well. Let's say they could pull off continuing on this path to success, why would they? Why cut yourself off from established and liquid finance hubs for the mining industry? I didn't understand it myself until I asked people more connected to the board of SDRC than I. The players involved in SDRC seem to be interested in the nurturing the credibility of the USOTC itself for future generations, who's reputation continues to be marred like decades past. With recent stricter reporting requirements and SEC/FINRA crackdowns, the USOTC has a chance to begin reversing its reputation in order to produce legit success stories in each industry. SDRC as a mining company, seems to be at the center of this broader entrenched effort within the OTC. This is taking place as mining startups in US are becoming more necesitated by the green revolution, and precarious supply-chain bottle-necks with hostile regimes like China, make the barrier ridden state of the mining industry a very real and immediate problem. Maybe some day enough of these successful case studies will exist so that the stigmas and credibility issues with investing here won't apply. USOTC needs to grow in marketshare so it can play a role in reindustrializing the United States. The group of people who see opportunity in catching this trend early is growing and those investors who see merit in supporting legitimacy in the OTC, despite barriers, is growing too. I kinda dig it myself. Besides crowd funding, there just aren't mechanisms in place to get capital to the small companies that need it, and the mechanisms in place for investors to do proper due diligence on them. Investors need a place where the standards are ensured and a governing body can guarantee accurate information and reporting standards, and markets can be made honestly. The OTC should work to become this. So far, all we have are barriers, this is why I think it's mining companies like SDRC (and some others who are predominantly self funded) who will likely pioneer this new trend towards an OTC that can properly service investments in legit mining stocks.
Name another legit mining junior that only trades on the OTC.
While SDRC may not be as bad as the rest, it has little chance of ever mining enough of anything to turn a profit..or even come close.
SDRC is a relatively good investment in microcaps.
There is an extremely cyclical market for small up-and-coming mining stocks (even on OTC), and given a major generational breakout in gold may be afoot, I believe we are at its sweet spot to accumulate. Assuming that money will be entering this space, it is way too easy to list scores of examples of bad (so-called) mining investments in OTC and see the differences making SDRC so much more relatively solid. Sure they are unconventional, but a serious analysis of the decisions they have made over the past several years, and their demonstrated work-ethic yielding results, show that they are embracing their unique circumstances, and taking calculated risks, setting and meeting or exceeding their goals for growth and certainty each year. This is what you want to set yourself apart from the bunch, and ensure prominence as new money comes into smaller stocks looking for steeper risk to reward.
On the flip side, there seems to be a popular notion that its OK to claim that an early-stage mining investment is bad, with absolutely no frame of reference for what makes any early-stage mining investment good. Logical fallacy! This is an insult to the intelligence of the people you want taking you seriously and might actually try to entertain such points of view. It's obvious that just because a company is in OTC, it doesn't necessarily make it a scam company or a bad investment... and even if that tends to be a strong stereotype, the prospect of providing exceptions to that rule to the market is just too compelling an opportunity. Whether the "I only bash" clowns believe it or not, there ARE legit mining juniors on OTC, and against the grain, they are fighting to succeed, gain relevance, and de-risk their operations.
Time has told and time will tell, right?
It's speculation until its not.
Aside from the no debt, and company structure highly incentivized to shareholders, first revenues for an OTC have got to mean something. First salable gold product from what was an exploration stock not to long ago has got to mean something. A major break out to all time highs in gold price as a debut gold production revenue figure is made has got to mean something.
Gold hitting ATHs tonight and SDRC shareholders meeting Dec 15.
GL to the naysayers 🤠
But there are only a few folks on these boards that actually have any experience with real mining operations.
Bingo. Few if any that trade OTC "mining" stocks know a dang thing about real junior mining companies. And for good reason, few if any exist on the OTC
do your own due diligence and don't let anyone make decisions for you.
especially pumper clowns from discord.
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