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Looking GOOD over here! Many shares are still being held tight by longs!
IMO
Is it going to be another day without any trades???
Perhaps you are correct about that statement in particular, but the fact that they still haven't even cleared up the "Chill" on the stock is somewhat bothersome. How do you see substantial volume with a "Global Lock" in place that doesn't allow trading to be completed electronically?
Don't forget the rest... Some posters would say there is financing in place, but this states "there can be no assurances that the Company will be able to secure financing when needed, if at all." That just doesn't say to me that there is funding in place.
So they are going to re-open the mine regardless of if it is profitable or not? Where is the funding coming from for this production? The company stated themselves in their latest 10-K that they may not be able to secure financing.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8681062
I don't think the Wall Street Journal is going to publish information about copper prices that isn't valid.
It sure doesn't look like copper is up in the 24 hr, 60 day, 6 month or even the yearly chart. The monthly chart for copper prices is pretty much flat.
http://www.kitcometals.com/charts/copper_historical.html
BASE METALS: Copper Falls; Down 2.5% In Week On US Data, China
The crazy part is that I could keep on posting more info all night long. Lol...
The "Safe Harbor Statement" in the Annual is 3 pages long, and it basically states that they will likely never get financing, never go into production and you will lose all of your money if you invest in them. Lol...
JMHO
I would hope that however many shares they decide to issue adds value to the stock price as opposed to what happened in the last issuance and dilution from Feb. 2011 - Aug. 2011 and again from Sept. 2011 to Feb. 2012.
GLTYA
While it is true that nearly all miners do have a Safe Harbor Statement, what THEY say is definitely not standard wording for other junior miners. SIRG is leaving themselves an "out" that leaves the door wide open to do whatever they want with their common stock and not be held liable.
In no other stock have I ever seen a three page "Safe Harbor Statement". Lol...
IMO
This would bother me as well. They can't trade stock electronically and it has to be done manually which some MMs won't even touch. I'm pretty sure that TDA won't trade this stock, and I'm not sure how many others. How will there ever be any amount of volume traded here while under global lock?
Isn't that something the company itself is supposed to do?
How long until they attempt to increase the authorized share count again? Will they succeed the next time???
Do statements such as these from the annual report not worry you at all???
I do have one question for you. How are your portfolios green when they show nothing but net losses on their financial statements and reported a net loss of 1.7+ Million in 2011 alone? With no reported annual revenue, it seems like they have a pretty big hole to dig out of before they can begin digging up the copper.
Here is the catch... What was stated in that post and what was stated in the posts below differ substantially.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59804970
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59639146
I'm not saying that any person that is invested in the company is unintelligent. Quite the contrary, you likely got in early and still are up. That is very intelligent.
I just don't believe the "get in now or wait and get in at 0.035" statement.
JMHO
I can understand that. I hope for the sake of most longs here that SIRG is successful in this endeavor.
Well by looking at the number of shares traded here lately there aren't very many "intelligent investors" around right now. It doesn't look like there is a whole lot of buyer confidence right now, but maybe that will return once they get the permits. Once I see progress instead of poster's promises, I will consider investing.
Perhaps you should put your personal feelings about someone to the side, and focus on convincing people like me to invest!
JMHO
Yes, they show their NON-OPERATIONAL mine! The mine has been sitting idle while they wait for permits and funding for quite a while now! There is NO KNOWN SOURCE OF FUNDING! There are just too many IF(s) right now IMO. Everything is dependent on all of the pieces falling into place. If EVERYTHING falls into place like the longs think it will, then you will be golden, or as you say "copper". However, if one thing doesn't fall into place, well you know...
People like me are still waiting on the sidelines, but trying to strike at an individuals comments when they are not for or against SIRG really pushes an investor away.
JMHO
The date was in reference to Josey's post.
That may be why people aren't currently buying up the shares available. How many people really want to hold a penny stock until 2014. I know there are a few penny stocks that I would consider doing that with, but how many other investors would? Day traders aren't going to look twice at a stock that isn't going to give them gains in the short term. The one benefit I can see is that you will get to claim long term gains IF everything does work out like you think it will.
JMHO
Too funny!!!
Thanks for the picture, but yes, I was aware that it's an actual non-operational mine. I do agree with CopperRocks, nothing is a done deal at this time. Unfortunately, they are still waiting on permits just like they were at this time last month. On a positive note, all good things take time.
IMO
Agreed!
You are making a purely speculative assumption. None of us truly know what is going on behind the scenes with GDSM. Marc very well could have hired someone to begin working on the NI 43-101. I think I'll wait for the PR instead of listening to any single posters assumptions.
JMHO
Agreed! There are so many shares locked down tight by the longs like myself. They can shake the tree all they want, and they still won't be getting my shares!!! The future of GDSM is looking very GREEN IMO!!!
If the company was going to dilute shares, they would have been doing a heck of a lot more pumping/PRs IMO.
It sure looks that way!! Here is the most recent tweet:
If they didn't have sample data that showed a sufficient quantity of gold to progress with their mining operation, I highly doubt they would waste their time with posting to twitter or releasing a PR. If they didn't think they had enough gold to progress to the next phase, they would have just vanished into the wind like they did when the previous JV didn't work out. GDSM has been quite transparent thus far, and that is something that I really like about this company.
They aren't taking a chance with this JV. They are meticulously planning every step of the business endeavor to assure they "enhance shareholder value".
JMHO
Those of us that do believe in the company are the ones that will be rewarded IMO. If someone wants to sit on the sidelines watching while they DON'T make money when they easily could have, I'm not going to stop them.
Agreed!
I have to disagree with you yet again. If you are talking about the parts per cubic yard, don't you think GDSM would have just disappeared instead of posting to twitter that the data is soon to be released? They wouldn't waste their time continuing this endeavor if the gold wasn't "mineable grade". JMHO
I wish! The anticipation is growing!
It sure doesn't look that way to me! Once the sample data is released, people will be chasing this all the way up.
GO GDSM!!!!
JMHO
I still like that they are keeping us informed via twitter. That way we have an idea of what's coming. I can't wait to see the PR!!!
Let's go ahead and copy the entire quote. See below... There are obviously private investors involved for this JV to even begin. Also, the warrants were provided to the INVESTORS. Thus, with the amount of money already invested in this JV, I would imagine they are pretty "big money". JMHO