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I am in jail because of a board war between GDSM and SIRG.
SIRG is an OTCQB fully reporting company that just hired Marcum LLC as their accountants. They own 80% of a copper mine and production is scheduled to begin in Jan/Feb.
SIRG is a real mining company and contracted Desert Construction of Kingman, AZ to do the dig/load/haul operations.
GDSM is a pinkie, revived from the dead late 2011. GDSM is not a mining company but has a JV with WSRA to develop 2 placer gold claims in Skull Valley, AZ. They have a permit to test 50 5 gal.
buckets of surface gravel!
Neither WSRA nor GDSM have any mining permits! Not one!
GDSM has almost 700 board marks because it was pumped up to .034 until it crashed. GDSM has 185 board marks and moved up based on its own merits.
SIRG's shareholders may be small but they know what they own with ore reserves proven by testing by 3 independent companies.
Things did not go well for the GDSM guys after a disappointing PR GDSM closed down 13.33% today while SIRG closed up 22.64% on very low volume showing how tight the float is.
They took SIRG down but it won't stay there - back to penny land!
The cream always rises to the top!
SIRG was beaten down by people who now control the board and SIRG longs are waiting for permits and funding details. Always a slow process requiring patience.
Production is scheduled to begin in early 2013 at SIRG's Chloride Copper mine in NW Arizona.
Previously it was known as the Emerald Isle Mine as seen on Google.
The SX/EW plant that looks like this today will look like this in 2013.
We all have dreamed of discovering that one OTC company that will be a life changer. Most of us have searched for years with enough success to keep us searching.
Well that search ends now. I have found it. And thanks to the recent SIRG board posts, SIRG is on sale right now.
http://www.sierragroupinc.com/
SIERRA is a U.S. based mining company, headquartered in Nevada, committed to returning the Chloride Copper Mine in NW Arizona to production in early 2013. SIRG is currently working through the permitting process. SIERRA is a OTCQB (STOCK SYMBOL: SIRG) and owns 80% of the mine. SIRG plans to expand through acquisitions and JVs throughout the Americas in the near future. SIERRA is committed to exploring, responsibly and maintaining environmentally friendly policies while impacting the local economy in a positive manner that will allow its shareholders to take pride in their investment.
The Chloride Copper property consists of 37 unpatented lode mining claims and 12 millsite claims, and is located 24km northwest of Kingman, in the Wallapai District, Mohave County, Arizona. An open pit mine and the existing SXEW processing plant operated at the site from 1995 before being idled in 1996 due to low copper prices.
The Chloride Copper property consists of 37 unpatented lode mining claims and 12 millsite claims, and is located 24km northwest of Kingman, in the Wallapai District, Mohave County, Arizona. An open pit mine and the existing SXEW processing plant operated at the site from 1995 before being idled in 1996 due to low copper prices.
http://i1145.photobucket.com/albums/o504/Rusty_Catanz/Sirgpitwall.jpg
Paul C. Rizzo Associates, Inc. (www.rizzoassoc.com) was hired in Jan to assist with the permitting, testing, heap leach pad design and re-engineering the pit.
The Rizzo Repost was released on April 30th. It increased the reserves and they are higher than previously estimated. The existing ore below the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13Mlbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could prove additional resources. Based on the forgoing, it is safe to assume that the current known resources would provide a minimum of 50 Mlbs of ore; at 5Mlb/annum, that would support a 10 year mine life.
http://www.sierragroupinc.com/wp-content/uplo...Report.pdf
On June 6th SIRG hosted a town hall meeting in Chloride for the locals, the town officials and BLM agents. He awarded a contract to Desert Construction to handle the dig/load/haul operations. ( http://www.desertconstruction.net/ )
Sierra has assembled an international executive senior management team.
J. ROD MARTIN, CEO/DIRECTOR AGE 49
Is the Founder and Managing Partner of Blackpool Partners, LLC a private equity group. Has over 20 years of experience a a principal and senior officer in public and private companies including experience with start-up operations, as well as his experience with financing transactions, qualify him to serve as CEO.
MICHEL ROWLAND, VP/EXPLORATION/DIRECTOR AGE 73
Geologist and Qualified Person ( Q.P.) for the form 43-101F1 has many decades of experience as a successful VP of Operations and VP of Exploration for some top mining and mining exploration companies. His skill and extensive experience in exploration and exploitation phases of mining operations qualify him to serve as VP Exploration. He received a Geologist Engineer degree in 1973 from Escuela Politecnia Nacional, Quito, Ecuador, a Master degree in Geology from Dijon University, France in 1961, and a Bachelor degree in Geology from Paris University in 1960.
TRAVIS M. SNIDER, SENIOR V.P. OF OPERATIONS
Current Director for Alliance Mining Corp where he advises on exploration and permitting in the USA, negotiates with local, state and federal agencies, assists with the process of raising money for future operations and locates and evaluates new properties.
He has worked for Wilcox Professional Services as Vice President of Mining and Oil and has worked in a supervisory capacity for Phelps Dodge, Mactec Engineering, Quality Testing and ATL.
He holds B.S. Environmental Chemistry – Arizona State University and numerous certifications including ATTI Techniques for an Empowered Work Force -DDI, MSHA – Surface & Underground Mine, OSHA, HAZWHOPER Hazardous Waste Training, ASTM – Environmental Phase I and Phase II, ISO 9000 Auditor, ISO 14001 Auditor and Project Management – Boot Camp.
LUIS MUNOZ, DIRECTOR AGE 31
A lawyer and was just appointed to a top legal government position in Ecuador. In 2004, he received a Doctor of Law Degree from Universidad International del Ecuador located in Quito, Ecuador. Mr. Munoz’ extensive legal experience with business management and corporate transactions and with the laws of South America, where the Company intends to expand, qualify him to serve as a director.
RICARDO CORDÓN, DIRECTOR AGE 55
President and COO, ARC, Guatemala, since 1988, providing IT systems and business process optimization. His customers include some of Central Ameras largest companies. He is a graduate with Honors of Princeton University. His experience and skills in business management, business process optimization and IT systems consulting qualify him to serve as a director.
TIMOTHY BENJAMIN, CHAIRMAN OF THE BOARD/DIRECTOR AGE 45
Manager, Process Improvements at Assurant Solutions Inc., a Fortune 300 company. Many years experience as CFO for public and private companies as well as performing financial and compliance due diligence for these companies. He also held supervisory positions with the Federal Reserve Bank of Atlanta. His experience and skill in public company accounting, compliance and reporting make him qualified to serve as Chairman.
BARTON R. BUDMAN CFO/DIRECTOR
Mr. Budman is a Certified Public Accountant licensed in the state of Florida. Since 2007, Mr. Budman has served as the Chief Financial & Operating Officer for a world renowned mega-yacht manufacturer, chartering company, and real estate investment & development organization, Broward Yacht & Marine / LPI Holdings, LLC with total annual revenue in excess of $135 million. From 2002 to 2007, Mr. Budman held a Partner position at a regional accounting and consulting firm, Garcia, Espinosa, Miyares, & Co, where he was instrumental in co-building and managing the firm. While with the accounting firm, Mr. Budman practiced in all areas of public accounting including tax, accounting and auditing, operational business consulting, mergers and acquisitions, litigation support, initial public offerings, SEC compliance, and financial and tax transactional due diligence serving public and privately held clients. He also worked as a Senior Audit Manager and Consultant for the accounting firm from 1997 to 2000. From 2000-2002, Mr. Budman served in a variety of executive level financial positions at Tech Inspirations, a venture capital firm based in Miami, and as Chief Financial Officer for XBOX Technologies, a publicly held technology incubator eventually acquired by Microsoft Corporation. Mr. Budman holds dual BBA degrees in accounting and finance as well as a Masters of Business Administration from the University of Miami.
CARLOS F. CORDÓN, DIRECTOR
Commercial liaison, since 2011, for the development of telecommunications, mining and energy projects between the Chinese Government Foreign Development Agency and the Central American Business Community. Founder and Director of Tacontento International Corp, a chain of Mexican restaurants with more than 20 locations in five countries. Founder and Director, Los Ranchos, Guatemala, 1994-2011, a steak house chain, with more than a dozen location in 4 countries, including several locations in south Florida. Founder and Director, Yogen Fruz, Central America, Central American Franchisee, 1992-2011, Yogen Fruz is a publicly traded Canadian company and one of the largest frozen yogurt franchising companies in the world. Founder and Director, Mayan Republic Brand, Director and Member Asociación Guatemalteca de Franquicias and Guatemala Rainforest Foundation. Member Asociación de Gerentes de Guatemala.
J. Rod Martin's 5277 Partners LLC bought 9,700,000 shares of SIRG - 10-05-2010. SEC Schedule 13d
Authorized shares 440,000,000
Total issued and outstanding: 343,695,154
Total restricted: 51,485,000
FLOAT 222,210,154
Mikki McGehee , Client Service
Pacific Stock Transfer Company
4045 S. Spencer Street, Suite 403
Las Vegas, NV 89119
Phone: 702-361-3033 Ext 118
Toll Free: 800.785.PSTC (7782)
SIRG hired Marcum as their new accounting firm!
SIRG was featured on a STT Radio Broadcast. http://ih.advfn.com/videos/market-commentary/...aP7pFjt7hQ
We all have dreamed of discovering that one OTC company that will be a life changer. Most of us have searched for years with enough success to keep us searching.
Well that search ends now. I have found it. And thanks to the recent SIRG board posts, SIRG is on sale right now.
http://www.sierragroupinc.com/
SIERRA is a U.S. based mining company, headquartered in Nevada, committed to returning the Chloride Copper Mine in NW Arizona to production in early 2013. SIRG is currently working through the permitting process. SIERRA is a OTCQB (STOCK SYMBOL: SIRG) and owns 80% of the mine. SIRG plans to expand through acquisitions and JVs throughout the Americas in the near future. SIERRA is committed to exploring, responsibly and maintaining environmentally friendly policies while impacting the local economy in a positive manner that will allow its shareholders to take pride in their investment.
The Chloride Copper property consists of 37 unpatented lode mining claims and 12 millsite claims, and is located 24km northwest of Kingman, in the Wallapai District, Mohave County, Arizona. An open pit mine and the existing SXEW processing plant operated at the site from 1995 before being idled in 1996 due to low copper prices.
The Chloride Copper property consists of 37 unpatented lode mining claims and 12 millsite claims, and is located 24km northwest of Kingman, in the Wallapai District, Mohave County, Arizona. An open pit mine and the existing SXEW processing plant operated at the site from 1995 before being idled in 1996 due to low copper prices.
http://i1145.photobucket.com/albums/o504/Rusty_Catanz/Sirgpitwall.jpg
Paul C. Rizzo Associates, Inc. (www.rizzoassoc.com) was hired in Jan to assist with the permitting, testing, heap leach pad design and re-engineering the pit.
The Rizzo Repost was released on April 30th. It increased the reserves and they are higher than previously estimated. The existing ore below the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13Mlbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could prove additional resources. Based on the forgoing, it is safe to assume that the current known resources would provide a minimum of 50 Mlbs of ore; at 5Mlb/annum, that would support a 10 year mine life.
http://www.sierragroupinc.com/wp-content/uplo...Report.pdf
On June 6th SIRG hosted a town hall meeting in Chloride for the locals, the town officials and BLM agents. He awarded a contract to Desert Construction to handle the dig/load/haul operations. ( http://www.desertconstruction.net/ )
Sierra has assembled an international executive senior management team.
J. ROD MARTIN, CEO/DIRECTOR AGE 49
Is the Founder and Managing Partner of Blackpool Partners, LLC a private equity group. Has over 20 years of experience a a principal and senior officer in public and private companies including experience with start-up operations, as well as his experience with financing transactions, qualify him to serve as CEO.
MICHEL ROWLAND, VP/EXPLORATION/DIRECTOR AGE 73
Geologist and Qualified Person ( Q.P.) for the form 43-101F1 has many decades of experience as a successful VP of Operations and VP of Exploration for some top mining and mining exploration companies. His skill and extensive experience in exploration and exploitation phases of mining operations qualify him to serve as VP Exploration. He received a Geologist Engineer degree in 1973 from Escuela Politecnia Nacional, Quito, Ecuador, a Master degree in Geology from Dijon University, France in 1961, and a Bachelor degree in Geology from Paris University in 1960.
TRAVIS M. SNIDER, SENIOR V.P. OF OPERATIONS
Current Director for Alliance Mining Corp where he advises on exploration and permitting in the USA, negotiates with local, state and federal agencies, assists with the process of raising money for future operations and locates and evaluates new properties.
He has worked for Wilcox Professional Services as Vice President of Mining and Oil and has worked in a supervisory capacity for Phelps Dodge, Mactec Engineering, Quality Testing and ATL.
He holds B.S. Environmental Chemistry – Arizona State University and numerous certifications including ATTI Techniques for an Empowered Work Force -DDI, MSHA – Surface & Underground Mine, OSHA, HAZWHOPER Hazardous Waste Training, ASTM – Environmental Phase I and Phase II, ISO 9000 Auditor, ISO 14001 Auditor and Project Management – Boot Camp.
LUIS MUNOZ, DIRECTOR AGE 31
A lawyer and was just appointed to a top legal government position in Ecuador. In 2004, he received a Doctor of Law Degree from Universidad International del Ecuador located in Quito, Ecuador. Mr. Munoz’ extensive legal experience with business management and corporate transactions and with the laws of South America, where the Company intends to expand, qualify him to serve as a director.
RICARDO CORDÓN, DIRECTOR AGE 55
President and COO, ARC, Guatemala, since 1988, providing IT systems and business process optimization. His customers include some of Central Ameras largest companies. He is a graduate with Honors of Princeton University. His experience and skills in business management, business process optimization and IT systems consulting qualify him to serve as a director.
TIMOTHY BENJAMIN, CHAIRMAN OF THE BOARD/DIRECTOR AGE 45
Manager, Process Improvements at Assurant Solutions Inc., a Fortune 300 company. Many years experience as CFO for public and private companies as well as performing financial and compliance due diligence for these companies. He also held supervisory positions with the Federal Reserve Bank of Atlanta. His experience and skill in public company accounting, compliance and reporting make him qualified to serve as Chairman.
BARTON R. BUDMAN CFO/DIRECTOR
Mr. Budman is a Certified Public Accountant licensed in the state of Florida. Since 2007, Mr. Budman has served as the Chief Financial & Operating Officer for a world renowned mega-yacht manufacturer, chartering company, and real estate investment & development organization, Broward Yacht & Marine / LPI Holdings, LLC with total annual revenue in excess of $135 million. From 2002 to 2007, Mr. Budman held a Partner position at a regional accounting and consulting firm, Garcia, Espinosa, Miyares, & Co, where he was instrumental in co-building and managing the firm. While with the accounting firm, Mr. Budman practiced in all areas of public accounting including tax, accounting and auditing, operational business consulting, mergers and acquisitions, litigation support, initial public offerings, SEC compliance, and financial and tax transactional due diligence serving public and privately held clients. He also worked as a Senior Audit Manager and Consultant for the accounting firm from 1997 to 2000. From 2000-2002, Mr. Budman served in a variety of executive level financial positions at Tech Inspirations, a venture capital firm based in Miami, and as Chief Financial Officer for XBOX Technologies, a publicly held technology incubator eventually acquired by Microsoft Corporation. Mr. Budman holds dual BBA degrees in accounting and finance as well as a Masters of Business Administration from the University of Miami.
CARLOS F. CORDÓN, DIRECTOR
Commercial liaison, since 2011, for the development of telecommunications, mining and energy projects between the Chinese Government Foreign Development Agency and the Central American Business Community. Founder and Director of Tacontento International Corp, a chain of Mexican restaurants with more than 20 locations in five countries. Founder and Director, Los Ranchos, Guatemala, 1994-2011, a steak house chain, with more than a dozen location in 4 countries, including several locations in south Florida. Founder and Director, Yogen Fruz, Central America, Central American Franchisee, 1992-2011, Yogen Fruz is a publicly traded Canadian company and one of the largest frozen yogurt franchising companies in the world. Founder and Director, Mayan Republic Brand, Director and Member Asociación Guatemalteca de Franquicias and Guatemala Rainforest Foundation. Member Asociación de Gerentes de Guatemala.
J. Rod Martin's 5277 Partners LLC bought 9,700,000 shares of SIRG - 10-05-2010. SEC Schedule 13d
Authorized shares 440,000,000
Total issued and outstanding: 343,695,154
Total restricted: 51,485,000
FLOAT 222,210,154
Mikki McGehee , Client Service
Pacific Stock Transfer Company
4045 S. Spencer Street, Suite 403
Las Vegas, NV 89119
Phone: 702-361-3033 Ext 118
Toll Free: 800.785.PSTC (7782)
SIRG hired Marcum as their new accounting firm!
SIRG was featured on a STT Radio Broadcast. http://ih.advfn.com/videos/market-commentary/...aP7pFjt7hQ
Not good to be number 1 when GDSM closes down 14.29%. Who would be attracted to a stock with a chart like this? That MA (50) is downright ugly.
And with no visible assets and now a questionable JV? No cash, no revenues and no revenues in the immediate future with reports and studies needing to be done to even apply for the permits.
Every day that GDSM shareholders don't get that PR updating them to the test results more are losing confidence along with their money.
A lot of penny stock investors place limits on the amount they are willing to lose and in just the past 3 days GDSM has lost 19.70%!
Not to worry Rod has everything under control at SIRG except getting the government agents to process the paperwork for the final permit approvals.
Once the permits are approved, the funding details will be released. Since permits are taking so long the funding companies are putting tighter restrictions on permits. (Another company applied for a US Forest permit in 2007 and is still waiting along with a Corps of Engineers 404 permit. They are also dealing with 2 lawsuits.)
A CA mining claim company failed to get permits and eventually defaulted. There are no banks except for the Bank of Nova Scotia and a few others that are lending to mining development companies like SIRG.
SIRG will do a copper cathode sale and off-take agreement. Unless a person is familiar with the mining industry they probably won't know what that is. Watch SIRG and find out!
My guess is that the accounting/financial dept that Rod inherited when he took over is/was week, resulting in the DTCC chill. Both the CFO and accounting firm responsible for that dept at that time have been replaced. Clearly Rod insists on top performance or they are gone!
I agree that since July 14th the SIRG board is no longer the friendly place it used to be to discuss SIRG but in reality it goes back to the beginning of March.
But you are WRONG on this statement!
There hasn't been a single bit of valid DD done here by the frequent SIRG posters because the spin is always 100% positive, or 100% negative.
I have personally done a ton of DD on SIRG. The mine was toured by an independent individual and a report sent to SIRG investors who had provided emails. Most of us were able to accumulate more shares after reviewing that report. You were not onboard at that time so you were not included.
I personally contacted Paul at the BLM Kingman office along with several other SIRG shareholders. I personally notified Ahron Sherman at the Kingman Daily Miner about the town hall meeting on June 6th which resulted in our receiving a news article and a picture of Rod at the meeting.
I researched why SIRG was put under the BLM microscope and now required to do a DEIS when 2 neighboring mines were bot exposed for operating without permits.
What research or DD have you done?
That is a great find. SIRG clearly hired a top accounting firm that will be able to provide all the services they need down the road.
We already know the Mr. Rowland will begin the search for an acquisition or JV the day the Chloride mine goes into production according to the terms of his employment contract.
Just my WAG but he probably is already checking around already.
It takes top talent to build a business and Rod and the BOD are fine tuning SIRG to be the best junior miner in the US.
The fact that SIRG has Asher notes has been reported and discussed for over a year.
The fact that VERT has not been on L2 shows that there are no O/S being added. The share count has been closely monitored by Redshirt1 who Mikki alerts by email of there is any change.
To suggest that SIRG's management may be doing anything illegal without any proof might be borderline slander so I suggest you be very careful making accusations. Don't wonder, provide proof to back up your statement!
You are correct and GDSM having VERT on the Ask is very puzzling. I have seen where VERT also sells shares for the company itself.
Could GDSM be selling treasury stock? They need cash bad and that may be their only option.
They should be reporting their 2nd quarter Financial Disclosure Statement any day now. Not much to report except an increase in expenses and maybe even an increase in O/S shares. No revenue!
That would be the final straw of credibility for Marc who already promised no dilution.
No PR reporting the test sample results is already killing the GDSM share price!
Please provide proof that the current O/S count is correct.
Since 50,000,000 shares were added to the O/S during the first 3 months of 2012 how does anyone know that more shares have not been added. Even OTCMarkets has not been updated since March!
Get the tagged TA to send you an email and post it - prove it!
Share Structure
Market Value1 $2,204,605 a/o Jul 25, 2012
Shares Outstanding 629,887,086 a/o Mar 31, 2012
Float 599,887,086 a/o Mar 31, 2012
Authorized Shares 750,000,000 a/o Mar 31, 2012
Hi rare, nice to see you back on the SIRG board. You missed that double in June when SIRG launched their new website!
Mud in Arizona - surely that is in jest? Lots of sand and gavel along with many valuable minerals.
Can you point out the "mud" in the Chloride Copper mine pit? The copper can clearly be seen laying on the ground in the foreground of the picture.
Here is a closeup for you - where is the mud?
The funding is no longer an issue, just waiting for BLM to issue final approvals.
The Rizzo Report increased the reserves and they are higher than previously estimated. The existing ore below the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13 Mlbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could prove additional resources. Based on the forgoing, it is safe to assume that the current known resources would provide a minimum of 50 Mlbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.
It is not known if GDSM has even filed an NOI for the Gold Star claim with BLM. Most mining company investors will call and contact the government agency in charge of their mining claims.
Of course those that need US Forest Service and Corps of Engineers permits (404 permit) have a much harder time finding who to contact and must rely on their company to provide updates on the permit process.
Federal permits are very expensive and time consuming so applications should be made immediately after the claim development is decided. That would have been Feb for GDSM and WSRA to get the permit process started.
Neither WSRA nor GDSM has updated their shareholders on either claim and we can understand Mr. Chaffees reluctance to update shareholders when it would expose his transferring the Gold Crown lease from WSRA to himself, something he would rather not have shareholders discover. And NO GDSM shareholders discovered that raid of company assets - it was discovered by the DD of another person!
Still have not heard from any of the GDSM shareholders on verifying that legal document!
How many of GDSM shareholders are currently up 218% on their investment?
Those who bought during the run-up and bailed at .03 or higher are the ones who took their profits and ran to the bank or to the next hot stock, $MAG.
Those who failed to hit the exit by mid May have continued to watch their profits drop or their losses mount. Those who bought above .005 on the expected test sample results being released have lost over 1/3 of they investment. Many continue to fall on falling knives until they are bled dry without a transfusion available.
Look at the MA (50) line that peaked at the start of May and has been dropping ever since. That is a black cross when the 50 drops below the MA (200).
A Golden Cross is when the MA 50 rises above MA 200!
That is an ugly chart! LOOK AT ALL THE RED! And the GDSM cliff dive can clearly be seen dropping 4 days in a row on high volume.
Of course a registered accounting firm would be qualified to handle a BK but SIRG has the ownership of 80% of the Chloride Copper mine in NW Arizona, an asset of $12,000,000. Their debts are peanuts compared to their assets.
Marcum LLP's Accounting Services provide the support, objectivity and expertise businesses need to succeed within the context of an ever-changing business landscape. We offer a broad spectrum of accounting, financial, and consulting services across a number of industries to give business owners and managers the insight they need to prosper.
Marcum's Business Advisory group handles all aspects of account needs, planning, compliance and business decisions for our clients. We have extensive experience in all areas of general and specific industry matters servicing a broad base of clients.
Owners, financial officers and bookkeepers have counted on Marcum's particular knowledge and expertise in all areas of a client's business in helping them make the right decisions. Our Business Advisory group constantly monitors changes in the tax code and the economy to ensure that our clients are getting the best results.
They also handle client's full bookkeeping services
Financial statements preparation
Tax compliance and planning
Implementation of new accounting software packages
Accounts payable/receivable
General ledger accounting
Account reconciliations
Fixed asset management
Month-end closing
Sales tax and payroll tax return preparation
Audit and tax schedules
Budgeting
Cash flow monitoring
Financial analysis
Accounting & Auditing
Audits
Projections
Reviews
Compilations
Forecasts
Due diligence
Tax Services
Unlike pinkeyland where companies just submit Financial Disclosure Statements, SIRG uses fully registered CPA firms so their financials are backed up by independent certified auditing firms.
Thank you for posting that SIRG Level 2, happy to see VERT is not active, just sitting down there with the Ask at .51!
8K Filed today!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8732520
Yes SIRG is a fully reporting OTCQB company so we know what is going on. Both these 8Ks show that Rod is improving the executive management team and accounting firm.
SIRG replaced Brad Hacker as CFO with Mr. Barton Budman a far more qualified CFO.
Now SIRG engaged a new independent registered public accounting firm, Marcum, LLD.
All the record keeping and financials are now in better hands and under better control.
Remember Rod had to play the cards he was dealt by the sudden and unexpected death or the former CEO.
SIRG continues to move forward adding to their already outstanding executive team.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8732520
SIRG is a start up company at a time when all funding was very difficult or impossible to get due to the economy. Nobody was lending.
SIRG has had a 10-20 pt spread for months - no big deal - SIRG investors are used to it.
SIRG keep dropping? WRONG - look at the chart. SIRG was under .002 in Feb! Investors who bought SIRG in Feb have a double/double in their portfolio! Unlike another mining stock, SIRG did not drop off a cliff the end of Feb but continued its nice slow climb up to the GOLDEN CROSS in early June when it doubled again!
Look at the MA line IT IS NOT DROPPING. SIRG remains very under valued with fair market value at .034. SIRG built a nice base in May in the .004 range and is now building a nice base in the .008 range, still a double for SIRG investors who bought in April/May!
SIRG has been on the chill list since they were notified last Nov.
It clearly has not affected people's ability to buy SIRG. I have 2 accounts and have bought SIRG in both. TDA is the only large broker requiring clients to call in their SIRG order.
Six months from now puts us into 2013 - the production target date for the Chloride Copper mine. You can see the infrastructure that is all ready in place at the mine on SIRG's claim.
A new and larger heap leach pond will be built.
The SW/ES plant can easily be expanded to increase production.
When investing in SIRG you can see exactly what you are buying, the claim is proven on Google Earth along with the buildings and other structures.
The just released Rizzo Report increased the reserves and they are higher than previously estimated. The existing ore below
the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13 Mlbs. Many holes were
abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could
prove additional resources. Based on the forgoing, it is safe to assume that the current known resources would
provide a minimum of 50 Mlbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.
http://www.sierragroupinc.com/wp-content/uploads/2012/05/L10-Chloride-Copper-Resource-Report.pdf
SHARE STRUCTURE
Authorized shares 440,000,000
Total issued and outstanding: 335,620,287
Total restricted: 51,485,000
THE TA IS NOT GAGGED!
Mikki McGehee, Client Service
Pacific Stock Transfer Company
4045 S. Spencer Street, Suite 403
Las Vegas, NV 89119
Phone: 702-361-3033 Ext 118
Toll Free: 800.785.PSTC (7782)
Why I wouldn't invest in SIRG? DTC issues with a Chill, Authorized shares increased to 1.5 Billion, Toxic Financing with Asher, and the SIRG track record. SIRG went from 1 Dollar down to sub penny in less than a Year all on toxic selling of shares.
Or the sample test results from the 50 buckets of gravel could prove to be so pour that the Gold Crown would support a couple of guys who are willing to bust butt for a few flakes of gold a day or it could be sold to one of the Arizona Prospectors clubs for recreational gold panning, etc. The Gold Crown is a lease and not a BLM claim so it will not be affected by the 800% maintenance fee increase.
This image is from GDSM's Facebook page but those gold nuggets ARE NOT FROM THE ARIZONA MINING PROPERTIES. Just another misleading picture from GDSM!
First let's be clear - GDSM is NOT A MINING STOCK.
It does not own any mining claims.
It does not own any mining equipment.
It has never mined anything except shareholders wallets.
GDSM is a holding/funding that has failed to fund 2 previous JVs with WSRA.
This is a small mining operation here in Arizona. Small gold mining operation being dug with an Caterpillar 245 excavator and processed with a John Deere 310 backhoe, screened with a vibratory screener to 1" minus and processed through a sluice.
A Notice of Intent is a simple process that allows you to put down the shovel and move a substantial amount of dirt with little effort. You may want a small portable digger, a backhoe, excavator, or bulldozer for your sampling.
Under a NOI, the maximum disturbance is 5 acres which includes any roads you may need to make to get to your exploration sites. It is fun to look at ounces of gold at the end of the day by using heavy equipment, rather than a gram or less with pick and shovel.
A simple setup can include a backhoe, screen, sluice box, water tub, water pump, and a water container for transporting water. If your soil conditions are right, you may dig it and run it through a drywash plant. You may also simply dig the dirt and metal detect it for nuggets. All of these methods can be effective if you've got the right mining claim.
This operation can run 2-3 gross yards of material an hour. you are digging the hardest packed, heaviest material all the way down to bedrock. It takes its toll on the equipment. A welder and a mechanic are very helpful. Daily maintenance is a must!
There are those 5 gal buckets again! Remember this lesson: If there's even a small chance of rain, get your equipment out of the stream bed. Monsoons can turn that dry creek bed into a raging river in minutes.
A previous mining operation working in Mexican Gulch lost all of their equipment during a "gully washer".
No Gold Crown lease remaining in the GDSM JV.
No proven ore reserves -
No assay sheets to verify any gold at all.
No transparency between Chaffee and shareholders.
No way to verify the current O/S.
No way to know how much GDSM needs to settle the failed produce business loans.
No way to know who got the 185,000,000 that were dumped into the O/S from Oct to March.
No way to know who holds that note and if it is a CD or not.
That reversal all were claiming yesterday is not looking very good this morning. I believe a lot of the buying yesterday was by people who expected those sample test results would be released today because Thursday is a good day for GDSM to release PRs.
Not good to start the day down 20%
Not yet. But Marc promised an NI 43-101 report was being prepared. If GDSM uses it on their website (which another company did without being aware that is forbidden) or in any PR or promotional material the DTCC will slap a chill on GDSM! Can't wait!
But I doubt an NI 43-101 will ever be done for 2 reasons.
1. They don't have the money to hire a Q.P. which is required to do the NI 43-101. That other company actually has a Q.P. on their BOD!
2. An NI 43-101 is very rarely done on a placer mining claim because it is almost impossible due to the costs of the massive testing required.
Has anyone contacted Jenkins or Stan Stoddard to verify those ore reserves claimed for the Gold Star on Jenkins website? The numbers can be found on http://goldtechmines.com/gold%20star%20main.html
What are the PROVEN and PROBABLE reserves on the claim that have been verified by assay tests?
GDSM investors have been waiting for "news" for most of the month of July and it is almost over with no news.
Did WSRA fail to send the assay reports from the 50 buckets to GDSM or were the test results so poor that they won't want to report them?
Inquiring minds want to know - like last week - where are those results?
Why did Chaffee transfer the Gold Crown lease to himself leaving the JV with only the Gold Star claims in the JV. Is the JV even legal after that transaction?
Why was the permit denied to WSRA with Don Jenkins name on it?
Has the bugs bunny study been completed?
Where are they in the BLM permit process?
No right to complain? This is an open forum and I did not complain. I posted facts about HMNC that others choose to ignore and failed to do their own research.
I spoke with Paul, the geologist at the BLM Kingman office. Call him and ask him about Hondo! Do your own research and stop complaining because HMNC didn't turn out to be what you thought it was. How many phone calls did you make?
Colorado River District
Roxie Trost, District Manager
Kingman Field Office
Ruben Sanchez, Field Manager
2755 Mission Boulevard
Kingman, AZ 86401
928-718-3700
Fax: 928-718-3761
Hours: 8:00 a.m. - 4:00 p.m., M-F
Good Luck
WRONG - clearly you do not remember that I was the mod for HMNC last Jan. until I finished researching it and sold because I did not like what I discovered!
I live in Arizona and know where to dig and find info. Try it yourself!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70612989
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70673909
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70760889
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70774931
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70783430
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70889520
If that's not enough, keep looking!
SIRG traded at $1.00 just prior to the six for one FORWARD SPLIT.
I know a Forward Split is so rare on OTC stocks, hope you are familiar with the results of getting 6 shares for each one you had.
Security Notes
Capital Change=shs increased by 6 for 1 split; Due Bill Redeemable Date: 06/30/2010. Ex-date=06/28/2010. Rec date=06/25/2010. Pay date=06/25/2010.
From $1 Dollar to Sub Penny in less than one year
Prove that GDSM note does not belong to Asher! They have been known to roll over notes so it does not matter if it is from 2011, it could have been from Dec of 2011 and still not due!
The Company has operated as a management holding company since its
existence, managing and acquiring various businesses.. From 2002 to 2005 the Company operated a Florida wholesale produce company and an ecommerce subsidiary that pursued acquisitions in the online industry. Due to various factors, including four hurricanes in 2004 that severely interrupted business, the Company turned its wholesale produce operation over to its lenders.
(Maybe they should have stuck with the cinnamon bun business in CA - no hurricanes there!)I was wrong about who GDSM owed money to, it is the lenders not the produce company.
Former management and the Company’s lenders have been engaged in a dispute over the settlement of Page 6 the produce operations remaining liabilities. The Company has been in ongoing discussions with the lenders with the hope that an amicable solution can be reached that is favorable to all parties.
So how much does GDSM owe to the lenders for defaulting on that loan? How long have they been discussing a settlement?
Could the lenders get a judgement and seize any revenue if they ever get any?
The Company is authorized to issue 750,000,000 shares of $.01 par
value stock. The Company’s common stock is traded through OTC Pinks Quotation Service under the symbol “GDSM” (CUSIP# 38058D102).
As of December 31, 2011, there were 579,887,086 shares of the Company’s common stock outstanding.
GDSM Security Details
Share Structure
Market Value1 $2,204,605 a/o Jul 25, 2012
Shares Outstanding 629,887,086 a/o Mar 31, 2012
Float 599,887,086 a/o Mar 31, 2012
Authorized Shares 750,000,000
If there was no dilution as Marc claimed, how did the O/S grow to 629,887,086 from 579,887,086 in just 3 months?
He is currently in Johannesburg. He recently took a mod position on another board. You can find him here.
http://www.goldfields.co.za/news_gallery.php
GDSM has a Note Payable for $158,320 as shown on their Annual Disclosure Statement, page 12 - no information is shown - interest rate? Due date? Who owns this note? Is it a toxic convertible note? Could it be Asher??
$158,320 is a huge note!
How is GDSM going to pay off that note and where is the $100,000 due in Oct going to come from?
Further does anyone know the status of the settlement with the produce company that GDSM owes money to? How much do they owe? How long have they been trying to settle this debt?
So many questions without answers but then it is a pinkie!
I simply posted the news article as it appeared. Did you know that one of the guys had filed BK around that time?
The Asher notes have been discussed since January. They were the only port available for our ship at the time. Do you think Rod should have given up?
Do you have anything new to discuss?
See all that copper laying there just waiting to be processed into copper cathodes!
In 2013 SIRG will be sending those cathodes by truck to Long Beach, just 325 miles away where they will be loaded and shipped!
Congrats on stealing those shares. I have emailed Rod about the current MM manipulation of SIRG. He previously was employed at a brokerage house and may have a clue what is going on.
I did not take the pictures but the problems affected a company that I do own stock in.
Here are the facts! SIRG was moving along through the permit processing and their MOP was approved. Just needed the Reclamation Plan and bond.
BLM up at the Kingman office has failed to do their jobs and mine inspections for years!
Mining company to pay $1.3 million in Arizona fines
Posted: May 24, 2012 7:10 PM
Posted by Jennifer Jones - email
PHOENIX (AP) -
Arizona authorities say a mining company has agreed to pay a $1.3 million fine to resolve numerous air quality violations in Mohave County.
After complaints of excessive dust in April 2009, Arizona Department of Environmental Quality inspectors found that Mineral Park Inc. was operating a large copper and molybdenum mine northwest of Kingman without the required permits.
Inspectors say they saw several pieces of industrial mining equipment in operation including copper and molybdenum mills, crushing systems, and ore conveyor transport systems.
ADEQ officials say they later discovered record-keeping violations, violations of hours of operation limitations, malfunctioning pollution controls and excessive daily use of explosive materials.
MPI ultimately obtained an air quality permit and returned to compliance last July.
ADEQ says the consent judgment with MPI is subject to court approval.
The Hondo got caught without permits!
So BLM decided that they had better start doing their jobs and put SIRG - working to return a copper mine near Chloride to production in Jan/Feb. On June 6th the CEO was in Chloride for a town hall meeting and the locals complained about dust from a tailing pile that has been there since 1996! So they decided now SIRG should be put under a microscope and submit a DEIS - another expence and delay - and NEITHER MINERAL PARK NOR HONDO HAD TO DO AN EIS. THIS IS NOT FAIR!
When I discovered some nasty stuff I sold my Hondo for a $20 loss.
And Hondo still has not filed an 8K and the NOVs are a MATERIAL EVENT.
Agreed! It is far too easy to falsify documents now days.