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Is anyone on this message board attending the AGM on the 18th?
The 18th is getting closer.
I think the group with the majority stock is going to win!
Ok! I just read the last 6 filings. Looks like the chan group is going to be the new board. They have over 75% of the voting stock. Last 30,000+ shares above 0.02!
So does everyone agree that this is a good thing?
This right off the website for the conference
Wednesday April 6th
Track Chair Address
Biometrics Security Solutions
Biometric CVMs for Payments Privacy – Fernando Ulbrich, Morpho
Facial Scanning for Mobile Payments Verification - Speaker to be Determined
Biometric Payment Cards – Chaya Henrick, SmartMetric
I think they will be running the AGM.
With our share structure, if we hit a huge vein, this stock could be 2-$3 easy
I hope that either kinross or us hit a huge vein this year!
Is this new news?
Yb1: you maybe right. And my concern is growing.
There should be buying, not selling!
Volume should be increasing along with price.
And there is no activity.
I'm in this at 0.022. Still hoping for 0.075 to 0.10.
Well. It is very disappointing that more buyers have not come into this stock. Like friends and family of all those Chinese in that group that now know the $ number. You would think they would be buying now.
Even if they knew it was about to double or triple in price, you would think they would be buying here and now!
I'm concerned!
One more time. Seriously. I'd like a response
I had posed a question some days ago: as to how many investors were going to continue hold their shares after the money actually gets deposited into our company's account.
No one answered me.
Maybe the answer to my question is that no one is holding shares after the PR. Everyone wants out at a higher price?
If Marc holds his and the Chinese group hold theirs, that leaves about 140M shares ready to be sold after the PR announcement !
Ok. One more time:
Why does it take this long to write a simple PR?
I realize our vote doesn't count and we are about 1month from the vote. Let's hear the valuation number.
I just retread the pr from Nov. and if I'm reading this right Marc came home with a check for $390,000! Right? The valuation is done. So maybe Marc is awaiting the check to clear?
So we have $780,000 in our company, less travel expenses etc.
See below:
TORONTO, ON / ACCESSWIRE / November 3, 2015 / Silver Dragon Resources Inc. (SDRG) (the "Company") reports that it has signed a Memorandum of Understanding with Shengda Mining Co., Ltd. (SZSE:000603) ("Shengda") to receive an all cash consideration for the Company's 20% equity interest in China, Sanhe Sino-Top Resources & Technologies, Ltd. ("Sino-Top").
Under the Memorandum of Understanding, Shengda agreed to advance RMB5 Million (approximately USD$780,000) to the Company for certain costs involved with the transaction and general corporate purposes in two payments. The first payment of RMB2.5 Million (approximately USD$390,000) has been received. The second payment of RMB2.5 Million (approximately USD$390,000) will be made upon receipt of the third party valuation expected this month.
Upon receipt of the third party valuation, the Company's Board will review and if the transaction is approved by the Board, the Board shall seek approval of the matter at the Company's Annual Meeting of Stockholders, the date of which is to be determined. The consummation of the sale of the Company's 20% interest in Sino-Top which is all of its interest in Sino-Top is subject to determination of the sales price of Sino-Top, execution of final transaction documents, obtaining any required approvals including the approval of the Company's shareholders and the approval of appropriate regulatory authority including the China Securities Regulatory Commission.
I'm not expecting a huge amount of money for our 20% interest.
But he's been back for China long enough to write a pr.
We are about 5 weeks away from voting on this, we should know the valuation by now. Even though our vote doesn't count.
I had posed a question some days ago: as to how many investors were going to continue hold their shares after the money actually gets deposited into our company's account.
No one answered me.
If Marc hold his and the Chinese group hold theirs, that leaves about 140M shares ready to be sold after the PR announcement !
Good luck to all of us!
Well I'm expecting a PR today.
Only current shareholders can vote on this sale.
You may be very right. I know we lost (20% of mine) 1/2 of our ownership to Shrengda bc we could not come up with our share of the money contracted to pay.
So now we are selling that last 20% interest. If we get $30M that could be 0.10/share.
I hope the group of Chinese want to hold their shares.
I'd like to see that. Then there will only be about 140M shares for sale
Well my thoughts are that possibly the Chinese group that own over 54% of the company, may decide to hold their shares after the money arrives. Maybe they feel that since they have control of the company, they can have a puppet CEO to direct him in whatever they do with the company's money!?
PS: is there anyone that has plans on holding their position in SDRG after our 20% interest in the mine is sold and there is "X" Amount of dollars in the company?
If you plan to hold, please add you name at the bottom of this post!
I still think we are not going to see a pr before Jan 8th.
And I still don't think our vote is going to matter bc the Chinese have a majority interest.
I do hope that the valuation is large enough to attract at least 200M shares worth of buying.
The way this is looking to me, I don't think we are going to get the amount of the valuation until after the Jan 8th date that is the cut off for the eligible voting!
I will be glad to see this number.
Yeah. He's going to wait until the Jan 8th cut off date to vote. Not that our vote counts anyway!
Why does it take a week to find out the valuation of our asset and sign the paper?
We can't fight it. Our votes don't count if the group of Chinese want it.
Asking again
Ok! The question of the day:
Where is Waldo, I mean Marc
Ok! The question of the day:
Where is Waldo, I mean Marc
Alright...it on
Uzzy under .05
Grumbly under .10
FDA...STILL over .40?
JS...? Sold off moved on??? Idk
Frankie?
R43: thinking 7.5 - 10, but hoping for more!
Anyone else wanna play?
PS what happens if the Chinese group don't like the number and vote "NO"?
Frankie: Thank you. I hope 2016 is your best year!
Yes, I'd be very happy with 0.10/share.
I don't know if it's going to happen.
I don't know if Shrengda even has that much money.
I don't know what Marc plans are for the money when he gets it.
I do know neither his voting shares and all of ours don't matter. The group of Chinese investor group has the majority.
Wishing all a happy new year!
Merry Christmas!
Maybe 2016 is our year to hit a huge vein !
With the current price of the stock (0.03) it represents approximately $10M.
What do you think we will get for our 20% interest?
Frankie:
TY. Again my point being. Why keep the value of the asset a secret to Jan. All of our voting shares and Marc shares are meaningless if that group of Chinese vote together. They control this company now. It's completely out of our hands.
Again. I'd like to know what happens if they vote against it!
Frankie. I agree. I wouldn't even read these posts if I didn't own the stock, much less get involved with any verbiage positive or negative.
I just want to know the value number.
I want to know what value number that group in China will vote for and what number they will vote against.
And what if they vote against it. What do we do with our 20% if that majority group then? Their combined vote is all that matters at this point.
Yes. I agree. It's been far too long with no news and no new developments. I can only assume the plan merger has run into something preventing it's occurrence.
I have no idea what's going on with this company.
A name and symbol change was announced but nothing has happened.
I was assuming we were a shell corporation and going to be a merger. But nothing has happened.
Frankie: I wish well. And a speedy recovery.
As for the value of our 20%, I am concerned that it's not going to be as big a number as everyone thinks and that's why they aren't going to release the number until the Jan 8th cutoff date.
Again, get soon!
I realize, given the large block of shares owned by that group, our votes don't count, but I'd like to know what the value of our 20% is estimated.
Even if Marc doesn't like the number, it doesn't matter.
I wish FDA would at least tell us why it's taking so long to get the evaluation on the value of our 20% interest.
To FDA Sucks:
You haven't posted in a while. Can you make any statement.
Why is this taking so long to report the value of our 20% interest?
Ok. TY for you thoughts on possible buyout price.
So the "factoring in" is going to be the real problem.
Price of silver is down
China stock market dramatically down
Shengda stock down
Would you think it's worth $300M?
I have asked this a number of time and in various different ways:
Please give me some idea of the expected value of what our 20% is worth. Or what value number he would not accept.
I have no clue. Is it worth $3M $10M .... What?
Right. The group of 46 runs the company now.
It's doesn't matter what Marc votes or what we vote.
And as yet we don't know what the 3rd party has determined to to a fair price for our 20% of Dadi .
What happens if the 3rd party and the Canadian don't agree?
What if the group of 46 don't like the number and they vote no! ?
The stock is up today. Maybe some news is leaking out.
Again I'd like to point out, that no matter what this number comes out to be, if the group of 46 agree, there is no need to have an meeting or proxy vote.