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Exactly!
Good morning folks! Someone is huffing and puffing themselves into a frenzy this morning in the opposite direction to the one we're going in! lol
We are guilty of having an eternal optimist here but please check posting history of responders. One even claims to be the CEO of another miner but spends most of his time bashing us.
Totally agree! The thing about the funding is, once we get it (eventually), there will be a steady stream of progress and more news all the way to production driving the price up and up. go SIRG
Thanks Salty, good morning! All hands on deck and BLOW!
Good morning all, no sense replying to the naysayers that have nothing to add except what we know already, in bold no less. One day hopefully they make a million dollars on another stock and leave us alone.
eh, not close enough to what this no life does. lol
Too bad there isn't a TOS violation for repeating negativity. iHub should give you a maximum 2 posts to say the same thing and then you have to wait another week to say the same thing again.
some people must be VERY busy nitpicking stuff on thousands of sub-penny stocks... or they just can't get a life and leave ours alone.
The wait for funding isn't so painful when the share price is slowly increasing... This kinda wait I can definitely live with... GO SIRG
No worries Salty, I'll be on deck manning the side cannons... If some passerby vandalizes the price with a can of spray paint, I'll be waiting with a full palette of colors to make it beautiful again.
at some point, that guy on the bid for 300K shares for .0035 is gonna be saying "WHY OH WHY didn't I just BUY them at .0044!"
Hey, show me a sub penny stock without SOME issues. I'm satisfied that if an individual or company puts up the money necessary to get this thing mining copper that this will get off the ground in terms of volume and pps. Sub penny land is a vast sea of garbage, busted JVs and cancelled LOIs with very few assets and very few promises kept. Here we have a real asset...Once we have funding we will be off and running!
good question, they have followed 8Ks with PRs in the past to repeat the same info... maybe they will?
The funding changes everything. If it ever comes, it's the moment that this baby becomes real in the eyes of many investors. C'mon SIRG baby... show us the MONEY sometime in the next month!
That'd be NICE!
The big picture I think is that new board members is still another good sign. Why would people come in to be affiliated with something that was not on the track to getting funding?
Yeap, my biggest issue is management communication. Most of the regular volume here gets traded at around .0035 but some of us like to paint the close on Friday (me) for a solid weekend lol. They've been really good at complying with SEC regulations so the supporters here are cautiously optimistic that no news about the LOI doesn't mean it's been cancelled because we would've seen an 8k on that. The asset here appears legit so the market cap is far under what we estimate as the value for the asset is. But either way, good luck to you. Sub pennies are always a bit of a gamble!
Will do Salty-- no pm abilities
I was the Rembrandt at the close. Wanted to have a good weekend. Everyone has a time to step up and "huff" so we have your back abc!
I couldn't agree more!
Aruba! Now that's where us sirg pirates hope to end up!
i guess people are really in 'wait and see' mode. no selling or buying.
someone give me a weekend present and hit the ask. lol
Something else occurred to me tonight that gave me a LITTLE hope at least even though the deadline for closing on the 20th has seemingly past... it's this: If the signing of the 10% LOI is material enough to 8K and PR, then the cancelling of the same 10% LOI is definitely also material enough to 8K and PR... which means if we haven't seen any PR, it's not yet "bad news". It's VERY possible that it was delayed, maybe it even closed already but we're still outside of '4 days' for notification? At least that's my hope, I'm resigned to see what will happen in the next couple weeks... will we see the 10% LOI closed? will we see funding? or will we see the cancelling of the 10% LOI? I'm in 'wait and see' mode perpetually with this stock.
Abscent of news today, it's pretty clear there will be a delay... they notified last time with an 'extension' PR. I imagine there will be notification if the whole LOI is cancelled or if it's going to move back further. But again, that assumes a NORMAL level of communication and based on history I have no clue what will happen...? Rod, a communication would be nice if you're listening.
Done. Titanium Shovels for all today
I think a lot of us feel that way. But I'm giving them until sometime in Late June/early July to make this thing move. I bought my initial Sirg shares around then so I figure a year is plenty of time though I know a few people around here who have been waiting 2-3 years with other companies. That's why communication is so crucial... even a simple "latest funding deal voted down by BOD, 10% LOI cancelled, other funding prospects on the horizon" type of communication would do WONDERS. Instead we get dead silence and have to make up our own conclusions. C'mon SIRG, make me happy in the next few weeks!
As another SIRG member posted before, the current purchase price can be considered a very low price when you consider that there is currently no production going on.
In other words, it's likely that if the mine was in production, it would cost much more than that (because in production the 20% partner wouldn't sell half of their holdings for so little).
When the mine is in production, and we can see the actual revenues/cash flow, we'll get a better idea of what it should be valued at. If it will produce profit for 5 years @ $10M per year, then I'd say it should be valued at around $50M. That's just an example though, I can't say what the revenues will be at this point. The bigger point is that one way to value the company is $1.2M X 10 (then subtract the other 10%) but it is still a LOW estimate because that value will increase considerable when the mine is in production. So $.032 is around the MINIMUM that this should be trading at just considering 'rights to dig at a non-producing mine'. When it's in production (maybe after 1 full quarter of production), much better estimates for how much of that copper in the ground can be booked as assets can be made and my WAG is that at that time the thing will be valued somewhere between $.15-$.30.
Haha BV hit it too. If i had $20 available in my account, i would've done the honors. All my money is currently tied up in the most VOLATILE stocks that you can imagine. My account is a living 'what not to do in trading' manual.
anyone wanna slap that .005 and give us a nice weekend?
whatever -- all the talk about what Rod has 'said' on this board has been complete nonsense and no one has ever provided proof.
I was busy all day but I did my best. Haha
Amen to that
Sirganistas,
Please stop posting negative stuff on other people's boards. You know who you are. If you don't own stock there, please just pretend they don't exist - I'm so sick of the negative stuff that comes to us in part because a few of our main people can't keep to themselves. I get all a lot of PMs having nothing to do with this stock. Seriously guys. There are smart people who own BOTH stocks! All you do by trying to hurt them (for reasons I don't even KNOW) is insult the people on your OWN board who own over there as well. Please cease and desist with that garbage so we can get back to our own issues.
Just remember that you could be hurting SIRG followers by posting negative about our gold-seeking friends.
Sincerely,
your Quartermaster
Dwill2
Absolutely, once you get to know me, you'll find i'm no blind cheerleader. Again, these are SUB penny stocks. There are issues with ALL of them, but with SIRG, I believe that it will be funded (hopefully within the next few days/weeks) the same way I'm sure you believe in the 'plan' of your stock. Trust me that I won't care one way or another when your stock does poorly or really well (unless I buy into it, which I'm still considering doing). But until then, I won't be over there calling it a POS like you do here.
They filed it according to the 10K on April 13th so it will show up shortly I'm sure. Just relax buddy, this is sub penny world- normal fluctuation will send ur stock back up and this one will bounce around as well. I won't be over on your board screaming when u guys go up and we go down for a day. Also, the "scams" you refer to weren't scams a while bak when your stock was spotlighted. Just relax dude. A few people on both boards have shares in both places so go call your friends stupid for doing so but I won't.
In digging deeper you'll also find that the A/S increase was cancelled and the company continues to operate at 460M authorized. I love how people come over believing that a sub penny stock is being touted as having "no flaws". Im gonna go out on a limb here and say that ALL sub penny stocks have flaws... Else they wouldn't be sub pennies!
Hopefully you dig deep enough to hit copper.
anyone have the L2 handy? I wouldn't mind taking a peek
I'm sure there will be a lot of flippers but those who hold long will benefit hugely in my opinion.
Read the latest 10k sir. A/S is now 460M.