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If they were going to dilute, don't you think they would have already?!
There's not a company in the world that would bother doing a JV with PCFG without a 43-101.
I agree. Given black rocks current state of affairs, it may be 2014 or 2015 before it's back up-and-running.
Until they come up with a new, "light at the end of the tunnel", attracting new investors, their only option is the, "shell game", which will likely include dilution, (as they don't really have an option at this point).
Do you know of any large investor that would put significant money into a company that has proven REPEATEDLY it can't run a mine?
The only reason "big money" would get involved, is if they could buy at rock bottom prices,... and, $.004's ain't rock bottom.
IMO, trip back to the $.000's is a certainty.
When was the last time anyone owned a stock that went through a R/S of 1:20 magnitude, and not subsequently undergo at least a 85-95% dip/correction of the PPS..?? (Hell, I owned one that went through more than a -99% correction, a while back).
The way I see it, the R/S was not fully "baked-in"; because:
#1. The PPS could simply not go any lower.
#2. The PR that first alerted us, said there was only potential of the R/S.
#3. The company needs to raise a couple of million dollars to get things rolling again; (and, who do you think they are going to get to pay for that..? Certainly not new investors, given the companies current fundamentals: poor water, no site management, proven poor recovery results, etc, etc, etc. The list goes on-and-on).
Oh, and one more thing. Given mgmts outstanding performance towards investors thus far, I see no reason for them to change, being that there is now a golden opertunity for them to DILUTE back down to $.0001.
IMO, the writing is on the wall.
If you did not already own this stock, would you invest in SRGE, given the current fundamentals?
Boomer, my buy order at $.0001 is purely for the bounce-play, and certainly not as an investment.
IMO, if the fundamentals of SRGE change for the better, then my opinion will also change; but, for now, SRGE has nothing on the table with which to attract investors, and thus only create bag-holders, unless things change.
Has gold recovery resumed?
Has Kinross change their mind?
Has another JV been found?
If another JV is found, who is to say it won't be another fiasco like Kinross?
Is SRGE off the grey-sheets?
And far less important, has the dividend thing been sorted out yet?
"all stocks are crap until you get your buy order filled"... No, boomer, I do not think that all stocks are crap; however, IMO SRGE certainly tops my list of "least likey to attract investors".
IMO, it's simple if you are wondering what's gonna happen to the PPS:
If you were looking to invest in a company, would you buy SRGE shares, given issues with the following?
1. Grey sheets
2. No Kinross deal
3. Is there any current production in progress...????
4. Problems with dividend.
I have a buy order in for $.0001, and pretty confident that I'll be filled before February.
I stand corrected. I just got off the phone with scottrade, and was told that shorting pennies is now not permitted.
According to my branch office, (approx 2 months ago), this was not the case.
Guess again. Scottrade does.
Probably just like any other 1:20 R/S split... A day or so, if that.
What have gold prices got to do with PCFG?
IMO, management is in the stock manipulation business, not mining. Seriously, do you actually believe that there will be a profitable mine in our future?.. Highly unlikely.
The STORIES of problems at the plant, supervision, maintenance, clean water, etc., are merely TOOLS that management uses to suite their elaborate P&D scheme. I'm surprised that tire shortages and permafrost haven't been used.
All just my opinion.
Question: If the R/S & $.05 dividend are a "wash" for us, and in 20 days PCFG opens at $.004...... Won't mgmt then be enclined to dilute..?
I'm a buyer..! My bid is in at $.0001
(and I don't think I need to explain why my bid is set at $.0001).
Do you have a link for this info... Thanks.
1:35 R/S...WTF!
WHAT...???? $.0002's, -90%.
Wow, so sorry!
Sierra... Nothing but an idiot outfit that throws darts in the dark.
Nothing more than a coin tosser.
Certianly has no entertainment value either.
When I look at the 1-hour chart for today, the volume only adds to approx 70mil shares.... The volume on the daily chart only adds to approx 60mil... The volume for the 1-second chart add up to a little over 100mil....
Yet the volume actually traded was 167mil.
(NONE of the chart volumes add up to anything close to 167mil).
Is everyone that uses Scottrade seeing the same thing?
I'm starting to wonder if something stinks in Denmark..!
Unfortunately, what if mgm't decides to dump into the (currently) 1.325 bill bid, then does the R/S that we've been warned about?
Don't worry, you're gonna see $.001's again, IMO.
Yep, got my BUY in for $.0001
(and that's the only price I'll pay while they're on the gray sheets, and the kinross thing is not cleared up).
Some are talking merger, takeover... Just a bunch pipe dreams, IMO.
Seriously, who would buy a stock that is in the state that SRGE is in...?
If there are some that prefer to follow message board advise, rather than do their own DD, that is fine.
Imo, those are simply the ones that will need to pay more when they finally jump in.
IMO, fundamentally AMBS put out good news at the SF conference, and we just have to wait for the chart to do what charts do.
I'm buying a little on the big dips and holding. If/when AMBS gets funding and/or approval for phase one testing, IMO, we go to a buck or a little beyond.
Have you ever been in a stock that has been dropped to the GRAY SHEETS..?
And, IMO, it takes the SEC to stop SRGE.
And SRGE trading on the gray sheets next week is simply fact.
Have you ever seen a company's PPS not dump when dropped to the gray sheets? I ain't.!
Go for it. I dare you. I double dare you.
I see you've caught on. You and I are on the same page.
And KMAG dropped like a rock when it went to the gray sheets.
You wanna make a bet. Unless there is something PR'd that addresses the SEC issues, and/or something encouraging on the kinross thing, this stock will plummet, I'm guessing 75-90%.
(and it better be a damn good PR, coz at this point there is no way in hell investors are going to toss money at this stock based on message board hype n' tripe).
Almost everyone on this board is trying desperately to convince everyone else that everything is great and there is so much to look forward too; when, in reality the drop to the gray sheets is not even priced-in the stock.
If there is no really good news before Monday, and you've never been in a stock that gets dropped to the gray sheets, then you'll be getting a lesson that you won't soon forget.
All of this post is just my opinion. Just a point of view from the outside, looking in.
So, did SRGE address the SEC's concerns? I don't currently own any shares, and haven't been following the board chatter.
OH, almost forgot about the Kinross buyout. How's that coming along? Has Kinross finally acknowledged anything?
Can someone give me a reason to buy back in, as I've seen nothing from SRGE yet?
Wow, it's dead around here. Looks like everyones taking a 3-day weekend.
Did everyone see MJF on Letterman last night?
You are mistaken about shorting pink-sheet stocks. Give Scottrade a call if you need to short a pinkie stock.
http://shortvolume.com/
Also, there is a big difference between shorting, and NAKED shorting.
http://www.investopedia.com/terms/n/nakedshorting.asp#axzz2H7E5mYxH
So, is there actually going to be a R/S? Shouldn't we have expected Mgmt to have done it by now, if they were going to do it.?
What if management (and insiders) are just buying up shares, all the way to $.0001, and then just announce that they've got a new site manager, and that the mine started back up weeks ago..?
I would not put it past them, imo.
Agreed!.. IMO, if the PPS wanted going to go lower, it would have done it yesterday.
Did everyone noticed that there was another inspection on the 17th. It appears that their visiting equipment service company received the only violation.
Also; IMO, with snow being relatively mild so far, keeping the unpaved road clear should be a simply and intermittent.
I was speaking of scottrade. Etrade's policy is obviously different.
With the exception of scottrade. On friday I had phone calls and emails with them, and was told: no buying or selling of ambs until all aspects of the cusip share change are complete.
Wouldn't it be funny if AMBS was boughtout late Friday, and at 6:30am Monday, they announce $1.40/share.
Probably not for me.
It's only about an hour away, but traffic & parking in SF is beyond ridiculous.
Is it open to all, or invite only?