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Answer to Blanco Question #3: “Could you provide a more in-depth assay report? Report in previous PR was vague. ”
I agree that the assay reports and other forms of sample analysis have been very minimal. I personally don’t like when companies do anything less than release definitive research. Basic mining industry investment best practices teaches us that if studies were done but results never released, more often than not means that the data collected was unfavorable. The whole point is to answer unanswered questions so those answers can lead to more questions. I believe by releasing studies anything less than definitive, they are alienating themselves from hardcore mining industry financing. SDRC figures they will mine it themselves regardless, and is not concerned with marking their assets to market accurately at this stage. Perhaps with more funds I future from revenues, they will pursue the definitive bankable studies the market needs to evaluate this as an investment.
Answer to Blanco Question #2: “In the second quarter 2021 the company acquired certain mining technology from Red Beryl Mining Company for 7,000,000 shares of restricted stock valued at $.15 per share. Amortization will begin when the technology is put into service.”
This is something I personally went to Alex Sunderland (President of Red Beryl Mining Co) about. This was removed from the amended filing because it was a mistake, although not without a sliver of truth. Red Beryl did not receive shares for the mining tech because he never owned them. Those that did were MERG and Gary Mladjan. The story goes, before approaching SDRC, Alex Sunderland was actually approached by MERG and offered the technology for purchase - to which it was refused. Alex then suggested it be purchased by SDRC, making him somewhat of a facilitator of this deal. The rest is history.
I cannot personally verify the truth of the above story, only repeating what was told to me. I personally find it interesting that Red Beryl was incorporated within months before SDRC disclosed this new purchase and technology division in 2021, and I can’t help but assume without further inquiry that the two events are connected.
I know that SDRC was involved with MERG initially through their common mining contractors Groundhog Mining and Milling. Del and Nathan Hunt were both board-members of MERG and intimately involved with the Laser tech development there. This was likely how SDRC management first learned of what MERG was involved with.
Several others involved in the Laser tech from an early stage have joined up with SDRC such as Gabe Aachenbach (industrial designer, engineer) and Mike Irish (Chemist who previously worked for Newmont Mining, patent holding, Irish Metals now a subsidiary of SDRC)
Answer to Blanco Question #1: “As for the small mining footprint, I could swear that I read somewhere that you guys had to back and widen the tunnels?”
Yes. This is something they planned on doing this year for tunnel #1. This is normal mining operations.
As for smaller mining footprint, I am not sure what you’re getting at, but I will do my best. Mining is dirty business and inherently tampers with environment hence the biggest issue these guys usually have is permitting-wise. SDRC has the advantage of mining old patented claims and have maintained a successful relationship with permitting agencies so far. Check out that the road they just built for instance.
SDRC can help environment on the concentration side, by not utilizing harmful chemicals known to accumulate in environment – known to be something they’re committed to doing for decades now. As for the liberal use of dynamite, that obviously continues, but the mining tech they’re developing is promising an alternative with its success. Surreal, I know, but exciting. If successful it will be a game-changer. Speculated as an alternative to crushing, explosives, and minimizes water usage. It’s an all electric, eventually fully autonomous method of mining, and capable of extracting from a much smaller vein structure. Fantastic?
The company is also becoming increasingly involved in issues of clean water. Sean and Dan are involved in water-remediation via a parallel foundation. Their new president Chantel is an outspoken advocate for solar technology and waterway remediation, and has secured government grants for related projects in the past… and Mike Irish (New board-member and founder of their subsidiary Irish Metals) holds granted patents in clean water tech, novel smelt-less refining, and recycling. Irish Metals has also been operating under federal grants, now under SDRC.
Yes. The same CEO who posted here saying SDRC is not a scam.
I agree that based on experience with the kinds of companies that have done this, this is off-brand for a company supposedly on solid footing such as SDRC. Such a thing shouldn't need to be said, especially in a place like this.
I would take it as a compliment if I were you. Sean saw the audience in this chat important enough to be worthy of address. I disagree with it, but that's besides the point.
Hey, I started posting because I was doing some historical research on a multitude of stocks and I couldn't help but notice how lopsided the conversation was here. I couldn't help myself.
Where have I said the stock will see $1 specifically? I believe it can. There are some attractive growth prospects with the various avenues of development the company is involved in. Any one of them is capable of generating an influx of new money. I do believe however that each industry they are involved in is hyper-cyclical as well as the market they trade in highly inefficient. There is an outsized reliance on company specific catalysts which, because they are anchored in real life, take time.
There is still no gold production, yes. This is not a gold producer and I am a bit puzzled why management or anyone believes they need to be so soon without releasing definitive and bankable engineering reports, etc. Insider financing seems secured from a close audience of dedicated individuals who are determined to have mining take place asap. It's an exploration stock that has happened to make the hail mary to production in recent months. We will see about that soon enough. I personally believe exploration risk may be seen as an impediment to technology development funding, and because such is quickly becoming a core endeavor for this company, revenue production is being sought to cancel such barriers out. I also think technology development is an impediment to mining industry financing, which is beside the point. SDRC is treading their own path now and they seem confident that they are onto something. I remain optimistic.
This merely a testament to the disproportionate amount of people who recognize the favorable value proposition this stock represents, when compared to the much smaller amount of people calling for its demise. Investors exist and yes they are engaged with company developments, are outspoken with commentary, and are excited about the future of their stock. A bid exists and is healthy.
Call it what you want. Whatever useless back and fourth you two do here is evidently done constantly too.
Each and every one of the much larger group of people enthusiastic about SDRC is someone who considers the echo chamber you moderate here as non-definitive. It's not like they don't know Ihub exists....
You guys really should to step up your game. Engage people with coherent and well cited points. I suggest quality, not quantity. Maybe I can help?
The BOARD, including CEO, has purchased $1,000,000 worth of 2-yr restricted shares in order to sustain operations to revenue production and beyond. This is not a pump, this is fact. Any concerns of 100+ years of old holders selling during a recession are out the window. Board is so confident, they will pick up the tab well into revenue production, not to mention everything else SDRC has going for it into next year. Mind boggling.
Don't tempt me if you don't want me to list them because I will. Unlike the professionals who dominate this chat, I will actually cite filings and verifiable evidence.
Twitter post and a preview of upcoming filings:
$SDRC to be clear to inquiring minds. Despite 2 year illiquidity of restricted stock in a public company due to a private raise; board members invested recently in Sidney at market price. My confirmation below pic.twitter.com/8PvLrg5fYH
— Sean-Rae Zalewski (@SeanRaeZalewski) August 7, 2023
Quote"one poster"
One poster with no credibility. One poster with a consistent history of logical fallacy and abuse.
Yes I believe it does appear as desperation, and I disagree with the methodology if it indeed means promises anything less than kept, but I believe there are more cards in SDRC's hand than merely promises on Twitter. I remain optimistic.
Continue a coherent conversation with me and I promise I'll stay.
It does sound like a gimmick to help promotion, but why risk reputation and credibility to make such promises?
I'd say there's more at stake here than just the stock price. I remain optimistic.
CEO has disclosed production in under 2 months from now.
Regardless of what it means for the the funding prospects for their mining business, this company figures that they will be mining themselves and would rather see revenue generation sooner rather than later. Rather then wait for de-risking events to play out, they will be sending gold off to smelters by the end of this season, and utilizing free capital to buy back stock from restricted holders.
$SDRC Sidney's board and leadership is committed to the success of the company and it's vision moving forward. This year and within the last month the board has purchased over $1,000,000 in private restricted shares to support operations to production. Production in Oct. #GOLD
— Sean-Rae Zalewski (@SeanRaeZalewski) August 7, 2023
Full disclosure: I am a long-time investor and I believe the stock is undervalued.
Lucky Ben has gone above and beyond relative to other mining stocks with similar circumstances. Please check IR releases and the company website. Nobody can honestly say that nothing is happening there. Anybody can do this simple research and figure out how much has been done at Lucky Ben. Did you see the road that was just built?
Where is this debt you speak of in the filings? Are there any Promissory and Convertible Notes? (No) How is this debt structured? Do you know? Who is injecting cash into this company to do all these things (that you dishonestly deny) that are clearly visible to public? Where and when are the insiders' shares converting? Are the outstanding shares rising or falling year to year? (it's falling)
The truth is, this company is a legit mining company in the exploration and construction stage - with the appropriate risk to reward to go along with it. Management is hell bent on giving production a real shot and getting as much material result as they can out of their efforts and money. Sure they have a unique set of circumstances and have approached their timeline in an unconventional way, but it doesn't necessarily mean the business doesn't have real prospects and material successes behind them. SDRC is also attempting to diversify amongst a slew of other mining projects in the area, JV's, sustainable land use monetization, and their technology development division.
The growth prospects are high in my opinion, and it is approached in a competent and trustworthy way. I do reserve however that there are uncertainties and risks in all that they do. Please don't say I'm a pumper because I fully believe there will be setbacks and I have had my doubts at times over decisions here and there. All of their projects have a high level of uncertainty and I fully expect setbacks. That being said I am very pleased with the work ethic and results so far on the goal to value creation, not to mention their efforts to transparency. I personally believe lucky Ben would have benefited from some kind of feasibility study before the decision to construct a mine but the management has likely evaluated their unique set of circumstances and financing prospects as a technology company amongst the things weighing on the decision to provide one in conjunction with the planned construction/production. Perhaps their work with Pete Ellsworth (QP) will turn out to be just that (Independently verified MRE and Feasibility).
Full disclosure, I am bullish, and I am friendly with other prominent bulls of this stock. You said my credibility is tainted for having been a member of Sunnyland's chatroom. In truth, It was my own due diligence and enthusiasm for this stock that lead me to discover Sunnyland, one of the few commentators covering SDRC. We are investors and it's to be expected. I believe his appraisal is honest, with nothing to hide about his vested interest in this companies success.
Sidney Resources will thrive despite the words of those who dominate and abuse this chat.
The company is fine. The credibility issues are with this chat.
Why was my post deleted?
Access road is built. It's now in use. That's the main point.
The rest was a satire of the consistently dishonestly bearish posts of Retrospect. Sidney Resources will thrive despite the handful that dominate and abuse this chat.
Access road is built and is now in use. This "scam company" can only scam more efficiently and safely now. Longs better cover quick. 😂
On the one-way climb back up to Lucky Ben, the drive is somewhat slow and extremely noisy, but heavy machinery continues to be moved onsite : $SDRC#Idaho #Gold #Mining #Development #Production https://t.co/2kXOPd29ly pic.twitter.com/JQeLwshVn3
— Sidney Resources Corp. (@SDRCMINING) August 4, 2023
What basis does anyone have to conclude that the historical New Rambler mining district is depleted and that the historical records of copper and platinum are false?
They hired a geologist from SBSW. Its only a matter of time before they hire engineering and lay out a timeline to exploration and MRE. This is actually a large scope project already, now already in plans for a refining plant, with many years of derisking ahead still.
Halted on all exchanges.
Thanks to the bears for testing our conviction this past year or so. I see you're working overtime and I hope it works out for you too.
4 share reductions in 14 months. 21M shares cut from the OS, leaving just under 16M. We also have observed the non-dilutive elimination of $527k of debt. Ontop of all this they’ve also managed to sneak in a $1.25M private placement - now fully current to SEC reporting requirements. Who are these private shareholders? These raises certainly are not marketed to the public. I see no problem here folks. Perfect recipe for compounding shareholder value and the patient and deliberate success of their product.
Ok guys. I'm in.
Halted today for news: Does anybody know anything yet? CYDVF was also halted around the same time.
AABB SECURITY DETAILS UPDATED 1-24-2021
100 Million New Shares issued in past month
Unrestricted also increased by 100 million
Market Cap Market Cap….. 29,509,822
Authorized Shares………… 2,500,000,000
Outstanding Shares………. 1,595,125,509
Restricted........................... 373,360,708
Unrestricted........................ 1,221,764,801
AABB SECURITY DETAILS UPDATED 12-22-2020
about 300 Million New Shares issued in past 2 months
Unrestricted also increased by 300 million + change
Market Cap Market Cap 8,372,703
Authorized Shares..2,500,000,000
Outstanding Shares 1,495,125,509
Restricted....................373,360,708
Unrestricted.............1,121,764,801
AABB SECURITY DETAILS UPDATED 10-19-2020
75 million New Shares issued
Unrestricted also increased by 75 million
Authorized Shares..2,500,000,000
Outstanding Shares.1,205,125,509
Restricted Shares....373,360,708
Unrestricted Shares..831,764,801
AABB SECURITY DETAILS UPDATED 09/11/2020
Over 150 Million New Shares issued in past 2 weeks
Unrestricted also increased by 150 Million + change
Authorized Shares 2,500,000,000
Outstanding Shares. 1,130,125,509
Restricted Shares. 373,360,708
Unrestricted Shares 756,764,801
AABB SECURITY DETAILS UPDATED 08/28/2020
No changes
Authorized Shares 2,500,000,000
Outstanding Shares 980,000,000
Restricted. Shares. 373,360,708
Unrestricted Shares. 606,764,801
AABB SECURITY DETAILS UPDATED 08/07/2020
Almost 40 Million New Shares issued last week
Unrestricted also increased by 40 million
Authorized Shares 2,500,000,000
Outstanding Shares 980,000,000
Restricted. Shares. 373,360,708
Unrestricted Shares. 606,764,801
AABB SECURITY DETAILS UPDATED 07/31/2020
65 Million New Shares issued over past 2 weeks
Unrestricted Shares also increased by 65 million
Authorized. Shares. 2,500,000,000
Outstanding Shares. 940,125,509
Restricted Shares. 373,360,708
Unrestricted Shares. 566,764,801
Authorized Shares increased from 900 Million to 2.5 Billion
AABB SECURITY DETAILS UPDATED 07/15/2020
From Transfer Agent
65 Million new shares issued over past 2 weeks
Unrestricted shares also increased by 65 Million
Authorized Shares 900,000,000
Outstanding Shares. 875,125,509
Restricted. Shares 373,360,708
Unrestricted Shares 501,764,801
AABB SECURITY DETAILS UPDATED 06/30/2020
From Transfer Agent
50 million new shares issued. Unrestricted shares increased by 50 million also
Authorized Shares 900,000,000
Outstanding Shares 810,125,509
Restricted. Shares 373,360,708
Unrestricted Shares 436,764,801
AABB SECURITY DETAILS UPDATED 06/03/2020
From Transfer Agent
50 million new shares issued. Unrestricted shares increased by 50 million also
Authorized. Shares 900,000,000
Outstanding Shares 760,125,509
Restricted. Shares 373,360,708
Unrestricted Shares 386,764,801
AABB SECURITY DETAILS UPDATED 04/28/2020
From Transfer Agent
55 Million New shares issued before OTC update on May, 01 but not included in the update, nor included in the OTC update on May, 15th OTC update which is currently found . Draw your own conclusions on that one.
Authorized Shares 900,000,000
Outstanding Shares 710,125,509
Restricted. Shares 373,360,708
Unrestricted Shares 336,764,801
AABB SECURITY DETAILS UPDATED 02/28/2020
50 million new shares issued. Unrestricted shares increased by 50 million also.
Authorized Shares. 900,000,000 02/28/2020
Outstanding Shares 655,125,509 02/28/2020
Restricted Shares. 373,360,708 02/28/2020
Unrestricted Shares. 281,764,801 02/28/2020
AABB SECURITY DETAILS UPDATED 1/24/2020
30 Million shares issued over 2 weeks
Authorized Shares 900,000,000 01/24/2020
Outstanding Shares 605,125,509 01/24/2020
Restricted Shares. 373,360,708 01/24/2020
Unrestricted Shares. 231,764,801 01/24/2020
ABBB Security Details updated 1/10/2020
81,798,455 New shares issued over 3 weeks
Authorized Shares. 900,000,000. 01/10/2020
Outstanding Shares. 575,125,509. 01/10/2020
Restricted. Shares. 373,360,708. 01/10/2020
Unrestricted. Shares. 201,764,801. 01/10/2020
Authorized Shares increased by 400 Million to 900 Million
Authorized Shares. 900,000,000 12/06/2019
Outstanding Shares. 493,327,054. 12/06/2019
Restricted Shares. 336,562,253. 12/06/2019
Unrestricted Shares. 156,764,801. 12/06/2019
4.68 million new shares issued
Authorized Shares. 500,000,000. 11/22/2019
Outstanding Shares. 493,327,054 11/22/2019
Restricted Shares 336,562,253. 11/22/2019
Unrestricted Shares. 156,764,801. 11/22/201
20 million new shares issued
Authorized Shares. 500,000,000. 11/15/2019
Outstanding Shares. 488,647,054. 11/15/2019
Restricted. Shares. 331,882,253. 11/15/2019
Unrestricted Shares. 156,764,801. 11/15/2019
12 million new shares issued
Authorized Shares. 500,000,000. 09/13/2019
Outstanding Shares. 468,647,054. 09/13/2019
Restricted. Shares. 331,882,253. 09/13/2019
Unrestricted. shares 136,764,801. 09/13/2019
30 million new shares issued
Authorized Shares. 500,000,000. 08/23/2019
Outstanding Shares. 456,647,054. 08/23/2019
Restricted. Shares. 331,882,253. 08/23/2019
Unrestricted. Shares. 124,764,801. 08/23/2019
Authorized Shares 500,000,000 08/02/2019
Outstanding Shares 426,647,054. 08/02/2019
Restricted. Shares. 331,882,253. 08/02/2019
Unrestricted. Shares. 94,764,801. 08/02/2019
Bar Chart doesn't even show the current #. If you can show me a screenshot showing the data is in the excel file, I will purchase.
Your opinion is well noted. I just want a source of historical shares outstanding data.
That page only shows the most recent reported #'s and no historical data.
Can someone refer me to a source showing the shares outstanding historical data? there used to be a sticky post that was regularly updated but it's gone. Thanks
Simple question. If the stock is grossly undervalued to fair price, why is the company issuing such a large number of shares as consistently as it has?