Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.
We are up!
Any news on the amount we are getting?
Well as I stated before, the vote will be decided by the group of 46 that have over 54% of the entire OS shares. They don't need us to vote. And they can over ride Marc's 17M shares.
So as an example if the number is $1M and the group of 46 agree to vote "yes" it's done!
Not knowing the number from the 3rd party still leaves a cloud over this stock that will keep it right here.
And the group of 46 being all Chinese and the 13D announcing them created more worry and suspicions!
Proxy vote is 3 months away!
All they need is the group of 46 investors to agree. And they don't need the proxy vote
How can you possibly think the stock price will rally on this very expected news of absolutely no information.
We do not know the number the 3rd party came up with.
It could be $1M !
This is still nothing to make someone want to buy!
Just read the 10 page announcement. It's very informative on was Q is doing, what it needs now and what our future holds for us.
I think he said it was 16.30 or 16.34. I don't remember.
Do you have access to looking this stock?
A guy at TDA got me the quote and looked at a 6 month chart. I did not see it myself. Said the symbol is SHE on Chinese market
I was told today that Shengda stock has fallen from $45 to $16 ( Chinese currency) since June. I know their stock market and metal stocks have been in down trends.
All I know is that we have to be paid a net net net of $30M US$ for our stock to be worth 0.10 cash.
Does anyone think that we could get more than $30M?
There are over 469K shares for sale at 0.09
Does anyone here have access to checking the stock price of The company buying out our interest? I'd like to know what that stock has been trading at since it started back trading
Anyone?
Oh yeah. I can be patient.
But I'll say it again. That newly formed group of 46 doesn't need Marc's votes nor any shareholder votes. They have over 54% of the total OS. Whatever number this 3rd party comes up with, it's going to be decided by that group of 46.
To FDA Sucks:
What we need is a letter to shareholders from Marc.
This letter should state what he anticipates the amount value of what he thinks our 20% is worth.
Or at least tell us at what price he and the group of 46 would vote against the sale. Bc they control the vote.
To FDA Sucks:
What we need is a letter to shareholders from Marc.
This letter should state what he anticipates the amount value of what he thinks our 20% is worth.
Or at least tell us at what price he and the group of 46 would vote against the sale. Bc they control the vote.
So now we are awaiting a 3rd party that is evaluating the value of what they think our 20% is worth?
That group of 46 from the 13D and Marc own 176M shares of the 293.3M OS shares! That's over 61%! They don't need us to vote!
Ok. TY. I was concerned. But as long as it's all on the up and up! I'd love to see this go over a dime.
FDA Sucks: Yes. I agree.
But can you please answer a question for me. On the website it stated that SDRG owned 40% of sino-top. What happen that we only have 20% now?
Also the group of 46 announced in the 13D filing own over 54% of total outstanding shares. That's the only shareholder vote we need. Right? And Marc owns over 5% all by himself.
And seeing I've got you attention, what is your guess on how much will we net net net from this sale?
I was just using $30M as an easy round number based upon the nearly 30M shares (293.3M) OS. I am hoping that the $30M is net net net proceeds. And I was also hoping for 80% and not 66.6% ( the 2/3's they mentioned).
I'm figuring the stock goes up to .08 with every increment of $30M.
Now my dream number is net net net $150M and that would put us at 0.40/share!
Well, I'm going to hope for $30M (@293.3M shares) with 80% value, That will put stock at 0 .08.
Ihub says there's 293.3M shares
46 people own over 160M shares
I would bet Marc owns 60M shares
That leaves about 70+M in the float
If SDRG get $29.3 that's 0.10/share cash value!
Anyone want to get how much money we get for our interest in the mine?
In looking over the Oct 26th 13D, that group of 46 shareholders own more than 54% of the shares. We don't need to wait for voting. They have the majority vote. We will not have to wait 60 days to tally votes. They just have to get all of them together.
Over 160M shares.
Let's do this and be done!
Ok. I just read 13D. It looks like there has been some court case that may still be pending.
The filing of this 13D was Oct 26th. So this is most likely what all of last weeks negotiations were about. The 13D out lines 46 people that collectively own about 55% of the company. And I think it states that there are a little over 290M outstanding.
These negotiations could take a while.
Does anyone have any info on the negotiations that have been going on for the past 6 or 7 days?
Are we meeting every day?
Are we having any conflicts? Etc...
Does Anyone here have a $$ figure in mind what you think the Dadi mine is worth? And what we should get?
I thought it was 20% too!
I read the website and it stated 40%.
So now I'm no sure.
Do you have a $$ figure in mind what you think the Dadi mine is worth? And what we should get?
Goodx. What ?
SDRG is 40% interest in mine.
It's over 3,000 acres!
There is a video on the website
I just found SDRG running up to date website
Dadi is one of the six exploration properties of Sanhe Sino-Top Resources and Technologies Ltd., a Chinese company that holds exclusive exploration rights to these properties, located in the prolific Erbahuo Silver District in Inner Mongolia, China. Silver Dragon Resources Inc. has a 40% ownership interest in Sino-Top. The Dadi exploration area, covering 12.48 square kilometers, is located in the Mesozoic volcanic basin in Keshiketeng County, Inner Mongolia.
Geologically, the Dadi property is located in the south edge of the Daxinganling metallogenic belt and at the joint between the Daxinganling mountain chain (with north-east direction) and the Xilamulunhe structure belt which trends in an east-west direction. These two structural belts are also two major ore-forming belts of China. This entire tectonic setting provides a dynamic geologic environment for the development of mineralizing systems. The major exposed rocks in the Dadi Property are Upper Jurassic Baiyingaolao Formation dacitic tuffaceous lava, dacitic tuff, rhyolitic tuff, and tuffaceous sandstone and conglomerate, among which dacitic tuffaceous lava and dacitic tuff are the main host rocks of mineralization.
An independent review of the Dadi property was completed in Q1-2010, with the results presented in a Technical Report prepared by Southampton Associates Inc. of Toronto, Canada (see press release of May 6, 2010).
The Company has retained Southampton Associates Inc. to revise its National Instrument 43-101 report on the Dadi Property based on the results from the completed 2010 exploration program.
Dadi – (Pronounced “Dah-dee”)
Location Keshiketeng County, Inner Mongolia, China
Area 12.48 km2 (3,083.88 acres)
Commodities Silver, Copper, Tin, Lead, Zinc, Cadmium
Ownership 40% with Exploration Rights
Dadi Project Google Earth Fly Over
Does anyone have info on how this weeks negotiations have gone?
We have been getting into the walnut business for over a year!
I hope they are negotiating the terms of the buyout!
I hope it's an all cash deal!
I do not understand how someone would consider selling shares on the eve of a deal for cash! Our market cap at this price is < $7M. If we get $15M for our share of the mine, that would make our company worth at least 0.05/share in cash! Why sell here?
According to ihub SDRG has a little over 290M shares out!
If we got $30M from this sale, we would be worth 0.10/share in cash!