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Yep, and tomorrow it'll be up 22% and the next day down 46% and this one will fluctuate too. As a member of the sir- board, my deepest hope is that GDSM SKY ROCKETS!!! TO DA MOON!. Because that means that a bunch of millionaires here will no longer care about sir-. lol
I've reviewed ALL 10K's 10Q's, etc of their financials extensively and I find that the financial statements are very up-front about issues they might have (OTCQB companies are obligated by law to be upfront so that's a plus). I still find sirg to be one of the best sub-penny lottery pick in iHub. And if you've got a better one, please PM me so I can do some DD and invest there too.
You have to remember that this is why a sub-penny is SUB penny. It's gonna have SOME issues. If it had ZERO issues, it wouldn't be at this price point! Stating that you have to read the 10K is a little laughable because basically you could moderate every board on iHub and throw up the same caution flag. It's also laughable because people who put their money in something WITHOUT reading the 10k's should never invest anyway.
The GREAT NEWS with SIRG is there's a REAL asset and IF these guys can secure a funding situation that discounts the copper in production, this has a TON of potential. It appears that the newest engineering reports from their website are even more promising than previously thought. Based on current O/S, in production this will have a PPS that more resembles .15-.25. And that's without expansion that they claim to favor over dividends (according to their 10Q - yeah, i actual do read it all).
Will it get there? That's the magic question that if you think the answer to that is YES, then jump in and invest, and if you think it's NO, then stay away.
In order to maintain a REAL asset like this, there are costs, and to handle those costs, some form of short term toxic financing must be used for the company to stay afloat.
It's preposterous to think that they can somehow use toxic financing to fund the entire operation. It's impossible, it isn't going to happen, it would be too many shares.
Make no mistake, there are only one of two options here:
NO FUNDING DEAL and this thing falls apart within the next year or two, or NON-TOXIC FUNDING DEAL and this thing flies within the next year. The longer it takes for a non-toxic funding deal, the more the long term pps will suffer due to dilution.
IF the funding deal happens now, GREAT, pps of .15-.25 is very attainable depending on what happens in production and the cash flow generated and based on the current o/s.
IF the funding deal happens after 6-10 months, then that pps target will likely be something like (just ball-parking) .08-.18 because again, new shares from the upkeep will have diluted the o/s.
Just my .01 cent
i agree, too but good luck changing it. we used to openly discuss the chill, A/S, etc but now it's just a bunch of criticism with the occasional decent bit of info sprinkled in. It's now rife with people implying that this is a scam.
the GOOD news is, this ihub board will have zero impact on the long term pps for sirg. if it fails, it will fail out of its own accord and not because some dudes kept up silly criticisms on some obscure internet board. if it sky rockets, it will do so because it got ACTUAL funding in the bank, and an operation ended up underway.
I was frustrated with this board before because it used to be a good place to discuss the good AND BAD and chat with shareholders. now, it's basically trash so I come here much less frequently.
it's funny how liberated and refreshed one can feel by NOT listening to a bunch of anonymous internet people with free accounts and a million different agendas.
SIRG!
This back and forth is 1,000,000 times better and more valuable than the "this company sucks"/"no it doesn't" type of posts that have become 75% of the posts here. Thank you both. Sirg
I figured the laddies needed a stern voice for the rowing! ;)
For example, when there were a lot of painted closes at .0045 or .005, the relatively meaningful volume was all trading between .0033 and .0038. So you could make a bigger buy or sell at those prices. I agree w copper rocks. The paint jobs are basically meaningless but they tend to raise spirits for no good reason. Why does it bug you? It's meaningless either way, painted up or down.
Those who actually watch this ticker know where the larger volume generally trades at. Like when people or MMs paint it down or up it really means nothing but it makes people feel better. Not sure why it bothers you so much?
yeah, it appears that way. so it's impossible to tell how many shares are at the .0092 level. interesting to say the least.
5,000 shares between us and 1 penny sirg
I like your posts, they remind me that i'm here for the long run and not to worry about daily movement. Sometimes it's easy to get caught up in checking it every day for no reason. Member mark for you!
well said
i wouldn't trust posters who are unable to do sufficient DD to even figure out if a poster is a man or a woman.
With so much time spent casting doubt and posting negative about sirg, if you truly had intentions to learn the facts, you would pick up the phone, call Paul, and report back whether or not what LMCAT was saying was true or false. This is an easy one to verify the truth. It's quite clear you do not seek the truth, you seek only to cast doubt.
Wow, the float seems to be locked down TIGHT
Excellent work as usual LMCAT! SIRG!!!
Good morning Salty! Always a great day on deck!
LOL sirg
Agreed. Great board. Sirg!
That's AWESOME! I'm not a skilled enough trader to do that. I've tried before and always end up with LESS shares AND money than I had before. lol Teach me the tricks one day! SIRG!
Yes, it's the LOI for the 10% purchase. And yes, it has nothing to do with re-opening of the mine, just the % that sirg gets from the revenue (it will go from 80-90% on executing final agreements from that LOI)
dude, i don't 'spin' anything. i'm just some guy who owns some shares. i leave 'spin' to the people with a major agenda like you
whats L2 look like.. can someone post it?
I'm referring to the constant misrepresentation of facts, the CONSTANT accident 'slips' about R/S vs A/S, the CONSTANT referring to the ticker as 'good ship lollipop', the CONSTANT posting to other boards that sirg's pps is falling, the CONSTANT referring to sirg supporters as koolaid drinkers... just that. Do you know there are THOUSANDS of sub-penny stocks... why has this one got you spending so much time posting negative things?
Welcome to the world of sub-penny stocks... Let me know if you have any suggestions to better ones. SIRG
Very well said!
Good morning Salty... Yes sir! Back on the move
another flat out lie. there was no r/s planned. they planned to increase the A/S which they cancelled. swing and a miss again.
17,450,262 shares have traded hands since sirg topped 1 penny 4 trading days ago...
In the last 4 days most of the volume has traded at or above .0099
If you add all the shares that have traded BELOW .0099 you get 1,110,420... or about 6% of 17.45M shares.
If that 1.1M was the last 1.1M traded, I'd be worried that we were seeing a reversal, but it's plain to see if you remove manipulation trades that put the stock down, all the heavy volume trades at or above .0099.
Relatively low liquidity stocks are subject to this kind of manipulation whether it's MMs or people willing to lose money to push the stock down because it satisfies some odd goal/need or people looking to scare people into selling.
The moral of the story, 6% doesn't adequately represtent the value the stock has gained in the last 4-5 days. Most of the heavier volume on this stock is now trading at around .011-.012 pps.
It is similar to earlier in the year when most of the volume was trading at around .0035-.0038 but the end of day stock price (due to painting the close or manipulation) was as high as .005 sometimes. Maybe next week it will be different and most of the volume will trade lower but I think it's clear to the market based on the 16M shares traded at .0099 and above that SIRG is a REAL COMPANY with REAL ASSETS and REAL VALUE. Go Sirg
Thanks for the clarification. That's why I usually let you answer those questions lol
According to lmcat, the reasons for the chill have all been satisfied so once the slow moving bureaucracy of the govt completes its course, you should be good. but who knows, that could be months. Apparently, the reasons for the chill were satisfied in January/Feb. Your other alternative is to open an account with any other broker to house your SIRG shares
I believe TD is the only affected broker. Are you on TD Ameritrade?
Yes SIR! Go Sirg
I was glad to see the picture of Rod in that article as well. As i was telling lmcat, he looks like the kind of guy who wakes up at 4am and works out for 2 hours before starting his work day. Sirg
Absolutely! Sirg
Have a great weekend Salty!
lol SIRG!
we need a few sirg pirates to get out on deck, fire a few cannons at the ask (which doesn't seem to have a lot of volume, and get us back to .011. actually, forget it. when volume trades, it's been trading higher. no need to spend on commissions to make us feel better about the current PPS
yeah, the manipulation trades are really frustrating. the good news is, any significant volume is still trading at around 1 penny REGARDLESS of what the current Last Price says.
It seems like $500 worth of buying can take us up to $.011 and a few well placed 5,000 trades can take us down to .007. frustrating