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Nah... that's smart money there. If there are any still in at .01... they will have their chance if they wait for it.
Not really. IMO this is a correction to true value based on current assets. As such, corrections usually overshoot their targets before pulling back. On current assets alone (no P/E, future earnings or merger factored in), the stock SHOULD be at 0.0374 right now.
The RSI can ride high and the PPS continue to increase as long as accumulation continues. That being said... dips will happen so be prepared.
Awesome. Thanks! Doesn't look to be anything to slow this down until silver.
This is trading very thin and tight. Anyone know the current float?
Apparently someone wanted at least 2.3 million @ .0005. There are now 2.3 million less available. Better get in while they are cheap!
Oh there has been and continues to be a lot of garbage spewed but none of it is from GDSM. It will run again and it will see pennies again. The only question is... when? The answer for me is... "hopefully not before I have all of the shares I want". And no... there aren't unlimited shares available. In fact, as most investors know, the trick is to accumulate slowly as to not trigger a run. GDSM is getting thin above which is making that more difficult.
What would you attribute that to?
No worries. It will come and people will chase, wishing they would have bought in at this level. This will see pennies again.
True story. Investors are in control of their investment. Traders in this market rarely lose more than 10%-15% because they know the risk and get out quick. Set stop limits and don't get greedy.
The reality here is that A LOT of investors made money on GDSM and Marc / GDSM only made a small fraction of the total. Who tanked the PPS here on the last run?... investors.
$24 paint job.
As with any stock.
Very easily... but I'm not in for only a triple.
There hasn't been any provable as of late. Last one was in 2011.
They can be found here...
http://stockpromoters.com/View-Stock-Promotions-By-Symbol.aspx
Here are a few examples...
Company: Sierra Resource Group Inc. ( SIRG ) End of Day: $ Close: 0.010 Volume: 1,600,109 $ Intraday High: N/A % Change: 11.111 $ Change: 0.001 $ Volume: 16,001 $ Open: N/A $ Previous Close: N/A 3 Month: $ High / Low 0.065 / 0.009 Volume 3m avg: 500,103 Promoter: Stock Guru
Compensation: None Listed or Image Compensation
Date: 7/14/2011 Company: Sierra Resource Group Inc. ( SIRG ) End of Day: $ Close: 0.010 Volume: 1,292,808 $ Intraday High: N/A % Change: -20.000 $ Change: -0.002 $ Volume: 12,411 $ Open: N/A $ Previous Close: N/A 3 Month: $ High / Low 0.065 / 0.010 Volume 3m avg: 458,143 Promoter: Stock Guru
Compensation: forty seven hundred dollars
Date: 7/12/2011 Company: Sierra Resource Group Inc. ( SIRG ) End of Day: $ Close: 0.012 Volume: 2,054,854 $ Intraday High: N/A % Change: -16.084 $ Change: -0.002 $ Volume: 24,658 $ Open: N/A $ Previous Close: N/A 3 Month: $ High / Low 0.074 / 0.012 Volume 3m avg: 437,098 Promoter: Stock Guru
Compensation: none
Date: 7/11/2011 Company: Sierra Resource Group Inc. ( SIRG ) End of Day: $ Close: 0.014 Volume: 638,142 $ Intraday High: N/A % Change: -4.667 $ Change: -0.001 $ Volume: 9,125 $ Open: N/A $ Previous Close: N/A 3 Month: $ High / Low 0.074 / 0.012 Volume 3m avg: 407,225 Promoter: Stock Guru
Compensation: forty seven hundred dollars and will likely be compensating us a total of twelve thousand dollars additionally
Date: 7/8/2011 Company: Sierra Resource Group Inc. ( SIRG ) End of Day: $ Close: 0.015 Volume: 1,571,716 $ Intraday High: N/A % Change: 21.951 $ Change: 0.003 $ Volume: 23,576 $ Open: N/A $ Previous Close: N/A 3 Month: $ High / Low 0.074 / 0.012 Volume 3m avg: 400,836 Promoter: Stock Guru
Compensation: seventy two hundred dollars and fifty thousand shares of restricted 144 stock for the period ending August 31, 2011
Date: 7/7/2011 Company: Sierra Resource Group Inc. ( SIRG ) End of Day: $ Close: 0.350 Volume: 1,577,100 $ Intraday High: N/A % Change: -27.835 $ Change: -0.135 $ Volume: N/A $ Open: N/A $ Previous Close: N/A 3 Month: $ High / Low 0.560 / 0.220 Volume 3m avg: 119,459 Promoter: Stock Egg
Compensation: eighty thousand dollars for one week SIRG advertising services contract. StockEgg.com does not own any shares of SIRG. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. StockEgg.com encourages readers and investors to supplement the information in these reports with independent research
Company: Sierra Resource Group Inc. ( SIRG ) End of Day: $ Close: 0.350 Volume: 1,577,100 $ Intraday High: N/A % Change: -27.835 $ Change: -0.135 $ Volume: N/A $ Open: N/A $ Previous Close: N/A 3 Month: $ High / Low 0.560 / 0.220 Volume 3m avg: 119,459 Promoter: Stock Rich
Compensation: eighty thousand dollars for one week SIRG advertising services contract. StockRich.com does not own any shares of SIRG. The third party may have shares and may liquidate it, which may negatively affect the stock price. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data.
Sure came close yesterday... just 0.001 away. Scary.
Well, if I did the math right on that one note, they could sell down to 0.0019... which is what happened. So... who knows.
It will come. Just a matter of time.
Isn't that what happened yesderday?
Could be I guess but I don't think that is the case. Grand View can purchase those shares at .001 and the PPS never went there. Also, there is no indication that the notes have been paid which is a condition of those warrants. But... we wont know for sure until the 10-Q comes out.
My assumption of the selling was from the $53,000 Asher note that came due last month.
Yeah, there was I think one large trade at 0.0019 yesterday but the PPS seemed to bounce off of 0.002 pretty well. That might be a pretty good support level... just not sure how deep it goes. Good idea with the convertibles.
Could be for now. This could turn into a flippers dream if played right.
Yeah, whoever picked up those .0019s today is now up around 70% and that is a nice profit. The big question though is whether this round of dilution is ending or starting. If just starting, that 70% will disappear quickly.
If this is the conversion of the note I think it is, the holder had roughly 25 million shares to sell. Unfortunately, there is no way of knowing exactly how many have been sold but if I had to guess based on the 'time and sales' data I would say that there is about 12 million to go.
Me three and it is taking all of the will that I have to not overload the boat!
I've lost count of the share count but as of the last filing, SIRG had roughly $490,000 due to various holders by July 2013, an additional $586,000 due by August 2013 and the $750,000 due to Medina for the 20% rights by October 2013.
That would be a lot of shares to issue at or around THIS PPS.
That is one possible scenario whether by choice or not. A lot of notes coming due around mid year.
Unfortunately, the 20% of the mine "purchased" with not so favorable terms.
In consideration for the 20% interest, the Company entered into a 6-month promissory note for seven hundred fifty thousand($750,000) dollars, forty million (40,000,000) shares of Class A common stock
I wasn't watching that close but I did see a couple large blocks go off below bid. One was for around 5 million and the other around 2 million. Not sure which MM.
Well they kind of hinted at that in their latest 10-K...
We will apply any proceeds from copper sales generated from our activities at the Chloride Copper Project to help cover our exploration expenditures, but we anticipate that revenue may not be generated until FY2014. Our projected expenditures will likely far exceed proceeds from sales over the next twelve months, which will require that we obtain substantial financing in order for us to pursue our current plan of operations.
Our system’s recommendation today is to SHORT.
Strange that it went off between bid and ask. My assumption would be that it was a market maker posting late to balance their books.
Looks that way. Bottom in?
Just posting the lastest bit of info. Take it or leave it.
From WSRA latest quarterly...
Gold Star/Gold Crown/GDSM
GDSM is in the process of reorganization. Because of the reorganization effort, it was deemed by GDSM not to proceed with new and untested mining projects.
Western and GDSM have agreed to utilize the efforts already in place for the Gold Star and Gold Crown.
The two companies will look at the possible sale and or selected high grading options that may exist.
Technically, yes. It will take a couple of days with volume to confirm though.
Congrats guys!
That makes no sense. Shares cannot be sold into "thin air". There is always a buyer.
Is that like "news at 4:05, Tues"? If so, I don't think we have ANYTHING to worry about.
Nah... we're good. Just a matter of patience.
No kidding? In the many years of making money in this market, I always wondered what that word meant.
Sure they have a business. They just don't have any revenue and that is where shares come in. Ya know... the whole reason that the stock market even exists? Company capitalization through the issuance of shares.
Uhm... yes investors are buying shares... and LOTS of them. If they weren't, there would be no bid. Shares aren't just sold into thin air and MMs won't buy if there is no market to sell to.
What's really funny is how some investors don't understand WHY this stock is currently being massively accumulated right now.
I would suggest investors some research on the price and volume history of GDSM and compare that to what is happening RIGHT NOW.
Not at that volume it is not. Shares are being loaded with the expectation of a run. From the looks of the bid support, investor sentiment is that this range is bottom and their buying all they can while they can.
Yes, they are investors since by definition they are committing capital in order to gain a financial return.
If insiders, then so be it. The purpose of the stock market is for companies to raise money through the issuance of shares. Nobody here is claiming that GDSM is a booming company with huge revenues. Issuing shares in lieu of cash for services is what they have to do and those who invest here are aware of this fact and accept it.