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Can anyone please justify me the following about DGRI
Total Assets: 2,100,551
Total Liabilities: 5,530,020
Deficit: (3,429,469)
Source: Last 10Q
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7408474
Is this debt appropriate for a development and exploration stage company?
Will this be an issue for Institutional/short/long investors to make investment decision?
Thank you
I agree. the PPS should be way higher than it is now. Debt was not a big issue before but after 2008 things changed dramatically as investors burnt their hands.
Nice post. PCF* once had death spiral financing. They are now debt free. DGRI has to find ways to get out from the debt they have. Because, smart investors always buy assets not the liabilities of a company.
brief DGRI histroy:
Company Notes
* Formerly=Tombstone Western Resources, Inc. until 12-06
* Note=5-12-06 company is in the development stage
* Formerly=Small Town Radio, Inc. until 5-06
* Note=5-03 Company and its wholly owned subsidiary filed petitions under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Georgia. Case nos. 03-67044 & 03-67043. 5-28-04 bankruptcy dismissed by the Court
* Formerly=Worldwide PetroMoly, Inc. until 5-02 State of Incorporation Colorado changed to Nevada concurrent with name change.
* Formerly=Ogden, McDonald & Co. until 10-96
Source: Pinksheet
Company once filed BANKRUPTCY. Current book (financial) does not look impressive. Huge liabilities. Source: last 10Q. IMHO, this debt might be the reason DGRI not at $.30. Institutions are not emotional players. They go very deep before making investment decision.
At a first glance DGRI look promising. still doing my DD. They have good back up as their subsidiary is AGDI (check the symbol). Also low float.
PCFG is American baby . not Ukraine or Peru - ...holding all through to see what Monday brings
PCFG is American baby . not Ukraine or Peru - off for lunch...holding all through to see what monday brings
This stock is gonna move big- remember
A gold company on the verge of production is not joke. Won't rule out buy out possibility
November 08, 2010 Monday stock to watch....scroll dowm
http://daytradingstockblog.blogspot.com/2010/11/stocks-to-buy-11810-november-8-2010_05.html
PCFG trading has been picture perfect.
THIS COMPANY IS HUGE NOTICE NO BREAK LATELY JUST STRICKLY BUYING!!
THIS IS IN FIRE
Pacific Gold Corp is certainly a very hot investment for many investors. Yesterday alone there was over $2.7 million dollars in money-flow in PCFG with 1,799 trades (#2 in terms of total trades; see otcmarket.com for details). With Gold prices soaring and almost hitting $1,400 yesterday PCFG is definitely one stock everyone wants to be in.
PCFG Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, PCFG scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Friday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending November 6th
+30 New 3 Month High in November
+90 Total Score
This is out MMs control now. MMs are even afraid to shake the tree!
Can't IHUB lessen my punishment? Thx
PCFG valuation based on proven reserve
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56326230
Western Sierra Reaches Operational Milestones
PRESCOTT, Ariz., Aug 06, 2010 (BUSINESS WIRE) -- Western Sierra Mining Corp. (OTC: WSRA) has reached an operational milestone in its long-range development plans. Western has now had two consecutive quarters of positive earnings and expects to remain in positive territory through the remainder of the year. The Company has also filed its Initial Disclosure statement with Pink Sheets and moved up to the Current Information reporting level.
Mr. Dennis Atkins, Chief Financial Officer, when asked about the current status of the company, said, "It is gratifying to see initial results from our long-term objectives set out in 2009. We have been able to significantly enhance the balance sheet and create positive cash flow through our mine sale/lease programs. We have also completed our move up to the Current Information status on Pink Sheets. We will use some of this positive cash flow to continue our aggressive acquisition program and bring selected other mine assets into production."
About Western Sierra Mining Corp.
Western Sierra Mining is an aggressive gold and silver exploration and mining company focused on the historic mining districts of the Bradshaw mountains of Arizona with additional areas of interest within Nevada and Mexico. Current projects include Gold Basin, SunGold, Oro Cache, Eagle, Treasure Gulch and the Big Chief mining group, all of which have demonstrated high-grade mineralization with previous histories of production. Long-term Company goals are to create maximum shareholder value by continuing to build a strong base of properties and advance these projects toward production.
Statement for Forward-Looking Information
Certain information set forth herein contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, exploration efforts, financing needs, plans or intentions relating to acquisitions by the Company and other information that is not historical information. The word "estimates," "expects," "anticipates," "forecast," "plans," "intends," "believes" and variations of such words or similar expressions are intended to identify forward-looking statements.
The Company's forward-looking statements are based upon the Company's current expectations and various assumptions. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurances that management's expectations, beliefs, and projections will result or be achieved or accomplished. The Company's forward-looking statements apply only as of the date made.
SOURCE: Western Sierra Mining Corp.
CONTACT:
Western Sierra Mining Corp. Michael Chaffee, CEO 928-680-5513
WSRA ....gold play, being set up for run
we'll see. Predicting a wild ride (perhaps not wild) here until we get more clarification and news. Watch closely going forward as the sector is hot. anything can happen here, a buyout, acquiring more lands, or close to production of gold. GLTA
buy confirmed
http://americanbulls.com/StockPage.asp?CompanyTicker=WSRA&MarketTicker=OTC&TYP=S
being set up for big run
being set up for run
http://barchart.com/snapopinion/stocks/WSRA
strong buy signal
http://barchart.com/opinions/stocks/WSRA
WSRA Reports Total Reserves In Excess Of $1,000,000,000 From The Gold River Mine Group and The Gold Basin Mine …
WSRA moving very nice!! 0.028 Multi Month Breakout!! Low floater. This thing can really RUNNNN!!!
WSRA next stock to go wild !! like CPMCF
WSRA next stock to go wild !!
undiscoverd gold mine WSRA.....start your DD
undiscoverd gold mine WSRA.....start your DD
I think Allied will fund SNEY
EOD $.02 or up if news comes
if anyone missed $cpm*f 20 bagger !!! ya might wanna look at $SNEY
$SNEY is now a long/short battle thins is gonna be fun to watch coming days
SNEY was apparently shorted heavily. Firms possibly hold almost 100million worth of short positions that they will have to buy back(cover) into the market in the coming days. With that kind of buying alone we could see SNEY crush past $.05. For those of you who don’t know what a short position is... it is a GREAT thing for us when they cover..
So far in the last one month the stock has surged 176%.
Sell at these levels? Chase the ask next...
News any day about financing
$SNEY - .0095's are up, volume ramping at 45 million! Will we see pennyland support and resistance today
Well the roach site sure hit a homer on SNEY but did you see their 1,130% gainer the other day? Here is their latest update not to mention they have a new newsletter pick coming tomorrow. Maybe its SNEY!!
"Caution our picks are flammable" http://www.stockroach.com/caution-our-pi...
Stock to watch Nov 02, 2010...scroll down
http://daytradingstockblog.blogspot.com/2010/11/stocks-to-buy-11210-november-2-2010_3043.html
penny stocks payd.com HUGE CALL!
SNEY next gigantic winner!
Copied from pennystockgeeks
SNEY- Sunergy Inc ( 0092)
Sunergy
SNEY- Today Sunergy Inc also caught my attention as it finally paved way to push for the 01+ break before retracing to a modest 0092 cent close. Going forward SNEY seems to also be another of the few quality Gold/ mining stocks to own.
Below is some brief Due Diligence i'd like to provide for Sunergy Inc tonight.
Sunergy is an expanding aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. SNEY controls 100% of the 150 Square Kilometres of the Nyinahin mining concession with a full prospecting license.
The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Ofin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin river is known for good alluvial gold production. The company has also recently stated "We are acquisition oriented and are considering several projects suitable for near term production".
SNEY has also recently acquired a property of 1,785,714 oz of GOLD which has a given value of around $2.3 Billion dollar with an established NI 43-101 Technical Report on it. The NI 43-101 which is the international mining standard is one of the key things which make SNEY standout amongs many.