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Looks like no PR today. Not even a tweet yet. It's going to be interesting to see what happens at the end of the day.
Holy crap. I had a hunch 10 cents might not hold but damn!
The company never said they were open. They said they WILL BE placer mines and they are currently allowed to do some work there. Definitely needs explaining IMO.
According to the last PR they are supposed to release another one today.
That there is apparently no such thing as Sage Hen Mines. They're closed or there is no current claim. I'd like the company to address that issue or even just acknowledge it. Explain it to us. What's the process to make a claim and reopen it? Where are they in that process? I don't know anything about mining. I've sent them 2 emails and haven't got a response. Not cool.
You have to admit there would be a lot of humor in these guys putting out a PR about shareholder value as we watch the PPS tumble every day. I'll probably be selling what's left of my shares tomorrow. Company refuses to address the major issue here. We'll see if 10 cents holds.
Never know when some news that will send the PPS flying again will hit. Any clarification of the process to reopen the claim or if something shows up on the BLM website then this will take off again IMO. I want to see permits or something tangible.
I'm really looking forward to seeing what the company has to say on Tuesday.
Again if someone sold unrestricted shares it seems the number of unrestricted shares would have to change and be reported on the OTC as it is updated daily. It hasn't changed. I don't know what's going on here but the company KNOWS what shareholder concerns are. Hopefully they'll address them in Tuesday's PR or a tweet tomorrow. The company said the PR is supposed to be about how all of this is going to BENIFIT shareholders. We'll see.
Wouldn't that make the transfer agent complicit in covering for a scam if they don't keep the OTC updated? It's supposedly updated daily. Sounds kinda risky for the TA to report false numbers on a daily basis. The TA definitely KNOWS the real numbers. Seems they'd be out of business quick if the numbers are false.
My ex. LOL. Now I'm going to have nightmares. Back to the point of the share structure hasn't changed. I understand the note holders and consultant fees and such but shouldn't the share structure change if anyone was selling? Any shares held from an earlier time would have surely been sold when this hit 50 cents. No new shares have been issued. So what would be the motivation to run a scam here?
Share structure HASN'T changed so now you're saying the transfer agent is in on the scam too? They're letting the company dump shares without reporting it?
Share structure hasn't changed so what's the purpose of the scam? There is clearly some clarification needed here but most scam companies I've come across dump huge amounts of shares. None here!
Roger Johnson, President and CEO of Western Sierra stated: “We’ve been very pleased with the SSMG Management Professionals, and with the substance and progress of the Sage Hen project since inception—everything has been “as advertised.” AS ADVERTISED!
"More news on the direct financial benefit of this project to the shareholders will be provided in the Press Release that follows on August 10, 2021." I'm hoping for some clarification in this PR also. It would have been a huge benefit to the company if they would have explained that the mine is currently closed and explained the process they are going through. Instead shareholders had to find out for themselves that the mine is closed and it just made the company look bad IMO.
That's what I've been trying to say. It's in the process and that's why we can't find anything on it yet. You said it way better.
My bad then. I already removed it. Must have been from someone else. Sorry.
LMAO. Personal attacks in a PM? OUCH! Boo hoo.
Well, I decided to buy some shares today anyway. I'm in. We'll see what happens.
"Management is confident that these advanced, proprietary methods and superb geological conditions at the Sage Hen Mine will translate to outstanding returns for WSRC’s shareholders. More news on the direct financial benefit of this project to the shareholders will be provided in the Press Release that follows on August 10, 2021." TIC TOK!
"Roger Johnson, President and CEO of Western Sierra stated: “We’ve been very pleased with the SSMG Management Professionals, and with the substance and progress of the Sage Hen project since inception—everything has been “as advertised.” "
Making sure that there's GOLD in them there hills is just the first step. Now they know. I believe they are filing and applying for all the necessary permits next.
I don't know how some can jump to the conclusion that this is a scam so quickly. The process to start mining could just be getting started and be the reason nobody can find any information on the mine yet except that it's closed. So what if the mine is closed? That alone doesn't make it a scam. Even a person who said it's a scam said that anyone can open back up a closed mine. It's just beginning to unfold IMO. There's no change in share structure so why create a scam in the first place if they're not dumping millions of shares? Nobody can seem to answer that question with any kind of intelligent response. I'm sticking around to see what happens.
I've gone back and admittedly glanced through the mining PR's but I haven't found any claims from the company that SSMG owns or owns the rights to anything just yet. Only that WSRC owns 70% od SSMG. THAT would explain why nobody can find any active information on the Sage Hen mines. Maybe, just maybe they are just beginning the process to obtain the rights, permits and whatever else they need. Hymm. I really don't know but I'm going to continue to watch this unfold.
IF anyone can lay claim to these mines then how do you know SSGM isn't going through the process of obtaining the rights right now? BTW the website doesn't say SSMG "owns" the claim right now. It says they will own 100% of it.
I don't understand the relevance of the mines currently being closed?? What does that have to do with reopening it? Somebody still owns it whether it's closed or not. What's so hard about reopening it? Apparently they have applied for the permits and can do some work on the property before obtaining the necessary permits. Am I missing something? It wouldn't be on any BLM or any other list as active yet?
The problem is that you don't KNOW it's a scam anymore than I can prove it's not. We'll just have to let it unfold. In the meantime I'm doing fairly well here making a couple of bucks here and there.
I don't know what they're doing. I don't care if they fill a couple of 5 gallon buckets and process it. I'd like to know the results. I'm with ya on the lack of proof on anything but WHAT IF, WHAT IF this is real??? BTW probably 99% of OTC companies are a joke so why waste all your time here? You've got a lot more boards to post on and people to save. LOL
"Initial mobilization and LIMITED PRODUCTION will commence immediately."
DOES THAT MEAN THEY'RE ALREADY PROCESSING MATERIAL?? Are they going to have revenue soon? I don't care if they start off making 5 dollars I hope they tell us about it! Can you imagine what a PR stating they have revenue would do?
It's a hoot the way this trades. A huge bid was at .125 and nobody whacked it. Then later these guys are falling all over themselves to sell in the .11's?? I don't get it.
"More news on the direct financial benefit of this project to the shareholders will be provided in the Press Release that follows on August 10, 2021."
"Additional on-site samples were excavated July 19th through July 23rd and delivered to R&P in California for that purpose."
Better hope the company doesn't send out any tweets. Every time they do it's good for at least a penny drop in the PPS. Now, why is that? LMAO
I can understand why someone might "short" this at .20 but they would have to buy them back and they never do. So you're saying someone was "shorting" between .10 and .13 during the past couple of tweets? I don't get it. They'd be screwed.
The company has been selling or paying bills with recently unrestricted shares. Just look at the trading action during the last two tweets. It's painfully obvious that the trading was NOT normal retail trading IMO but I know I'm right. It's fairly easy to spot the difference in trading. Today is probably the result of more selling but I wasn't impressed with the PR or video and it seems many others were not impressed either so I'm sure a lot of the selling is retail.
Date is set. BIG mining announcement on Tuesday!! Somebody sell me some more .12's and .13's quick. Sell, sell, SELL!!
Western Sierra Resource
@WSRCorp
·
Jul 30
As we approach our BIG mining announcement, sign up for our Newsletter to receive supplemental updates! $WSRC
Western Sierra Resource
@WSRCorp
·
Jul 29
Mining report and media will be posted onto our website alongside this Mining press release on Tuesday of next week $WSRC
Western Sierra Resource
@WSRCorp
·
Jul 29
Additional third-party test results having now been received, validation of the Company's precious metals recovery methodologies is complete and will be provided in next Tuesday's press release $WSRC
I admit for being such a tweet happy company and then being silent all week it's frustrating but they haven't lied about putting out a PR this week...yet. They didn't say what day they would PR. They have until tomorrow.