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lol I like the statement. make it rain baby!
I don't have the available funds to join you guys today but will on Monday for sure! Fire cannons @ 3:55pm!
i'm in! lol
we're a few cheap ask slaps away from .0038
Welcome aboard if you decide to stay! Careful though, because many a person who has come from the 'other ship' have been bashed by their old friends and called a traitor! But we say here that we can co-exist perfectly fine because the world needs BOTH gold and copper!
hehehe 300 shares bought/sold @ .0025 here we go again with these buys
hopefully further pms will be short lived.
Awesome!
Here are the basics to get you started:
Positives
The Asset. Sirg owns 80% of the chloride copper mine. Geo reports estimate 27 million pounds of copper on one section of the mine. Around $2M in equipment exists at the location currently.
In latest PR, sirg is looking to buy an additional 10% of the mine for $1.2M.
Outstanding shares - Only around 270M currently outstanding shares as of last report from T/A.
So you can see compared to the asset that sirg is way undervalued. Market cap currently under $1M!
Negatives
They expanded the A/S to 1.5B 3 months ago. We hope this was to give them flexibility in a funding deal. Also the board rejected funding last year that had significant dilution.
Again, there are a lot more positives and a few more negatives but those are the main highlights.
Other thoughts that lead the board to believe that funding news is coming soon:
They don't seem to have money to pay for the 10% of the mine they are currently acquiring so we assume that a funding deal is in place or very close. They also recently hired an SVP of operations and there was also recent news about getting the mine back to production leads us to believe the same thing.
Care to convert a few hundred of your friends from the other board?
and i agree that both can succeed independently
it appears our problem is much like the other world conflicts. two people shake hands on a truce and some other guy runs out and fires a rocket... I will try to work on our people focusing on our stuff.
wow, i can't believe i agree with you finally. lol. a few people are admitting to owning shares in both companies today! lol a few people on this board have already agreed to not post anything over there. apparently a few from here are still PMing so we need to work on them.
some blocks of 500k shares moving around. i will add 500k if it stays around this price in a week or two - if we get some kind of funding news i will prob add 50k. lol
solid point.
so much of that going on here lmcat. a few REAL posts with real facts about their financial statements would put a major dent in their afternoon but i'm not gonna go there. i just want them to go away.
Again, check posting history of our critics. now their 'planning' their attacks from their board. check their last few messages between themselves on their board. oh brother, the only way to make this stop (maybe) is to cease communication with their board
I think it's just a big expectation that with the recent filings/PRs that a funding PR or 8k will soon come our way. Of course, could also be just wild fluctuation as usual. lol
lol true about the ship speed :)
please don't!!! lol trust me, we'll be better off if we leave them alone! there are like 1,000 of them and 100 of us. Salty, send him down to clean the rat poop in the lower areas of the ship so he's too occupied to go sticking his nose in other ships!
i think this stock is sort of 'all or nothing'. basically getting to a dime means the operation is underway and we're cash flowing HUGE. if we're cash flowing, the company is likely expanding to new properties. so I think if it actually ARRIVES at a dime, then selling more than a little at that point will be a mistake. along the way i will sell little bits of what i have to cover my tracks but if this thing gets to a dime it's likely to go way past that a few months/years later. maybe at a dime i'll re-coup initial investment but if these guys make the right moves from here on out, i'm sticking around for the life-changing payday down the road.
@ .0039! go SIRG, keep it rolling today!
Yeah, good day so far. Ask @ .0039 don't know if we care for the gap but it would be nice to close around .004
someone scooped up a good 700K of shares. wish it had been me.
i'd be first but i'm waiting for funds to clear
consider it done. will post details of the ask slap to your board. lol (don't know how to push him overboard, he says he'll stop)
yeah, i don't know who started this... but it's like the israel/palestine thing now... no one can stop. lol
I will broker a truce between boards. duelittle, i shall slap ur ask and push chris overboard if you will agree not to return. sorry chris, it's not personal. it's business.
Chris!! c'mon, stop going over there and bringing them here!
HOLDING... and would like to add more once funds clear
yeap. my sentiments exactly
I've heard "copper" in some songs but I think they were referring to police officers.
Yeah, I tend to agree with you. I'm believe it's legit and the estimates are good, but I was just pointing out that the value is there even at a lower estimate for the amount of copper.
I think our stock will turn when the ACTUAL funding deal is done. Not the LOI for the funding deal, or the 8k of the LOI or whatever... but the ACTUAL CLOSING of the funding deal.
I've been thinking about this in terms of how my parents taught me to deal with people: Consider what someone SAYS at 5% and consider what someone actually DOES at 95%.
I think the good news about sirg is our asset. It's real, it exists, even if the estimates are too high for copper in the ground, there is still valuable copper there.
The thing is I still consider Rod & board very unproven. Basically, I HOPE that funding is near, but when I look at the facts of what has ACTUALLY happened, the only tangible thing they've done (other than OWN the asset) is the massive increase of the O/S.
I do BELIEVE in this stock. So I think that it WILL turn the corner, but based on what the market has seen, the only way for it to do that is if there are REAL steps in the right direction. "Intending" to do something which is basically what an LOI is meant to convey, is not nearly as important as ACTUALLY doing it. So I think this thing turns a VERY big corner in terms of the market's view of it in the next few months IF and WHEN the ACTUAL funding deal CLOSES and money is wired to the company coffers.
THAT (even if it's 3 months or 8 months down the road) will be the huge moment where MANY others can see that this is not just 'intentions' as many stocks are and is a real operation.
The next great step they could take is to CANCEL 750M to 1B O/S to send another message to the market that this will not be a dilution, reverse split rinse and repeat job.
I do think that they are moving in the right direction, I DO think that eventually this will pay off. But I think the MARKET will see what we see when the money ACTUALLY hits the company accounts and the market still will not see it on the "LOI" news about funding.
That was long enough to be my 4 cents instead of 2.
No need to offer me good luck. If I lose it, I lose it. Im Not chasing. Value exists, I'm willing to wait for it. But I'm ok with your skepticism and I'm also ok with possibly being wrong in the end. Time will deal with our disagreement over the value. At the end of the year I'll salute u if u r correct.
I'll continue to buy then. The operation is likely to start this year. Current price is just the market unable to see real assets. When real earnings hit the quarterlies it will be quite a different story and pps.
You'd think based on that fact we could build a HUGE following but it hasn't happened yet unfortunately.
If this gets to .25 slow and steady there will be new longs who bought at .10,.15,.20. The ones here who bought millions of shares will prob still have some holdings depending on how the operation is going. The directors made it clear in one of their Qs that they will be looking to acquire instead of dividends. the longs should keep a portion of their holdings if acquisitions are in process down the road because it could turn into a company that acquires gold/other minerals and ends up trading in the dollars. That was a nice foray into the utopian future. :). Would be pretty tough to swallow though if you sold all your holdings to make 250K @ .25 and it wouldve become $2-3M a few years later.
yeap, i was just pulling ur leg. i'm a confident and happy SIRG pirate -- but I just wish our guy Rod would COMMUNICATE more. sheesh.