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And that's where you're wrong. The CEO is in no position to make anything happen. Marc is not a price maker. SDRG's minority interest in the partnership will simply be steamrolled and Marc will sign where they tell him.
And do you really think the Chinese don't know exactly the price per share SDRG is going to get right now? You'd better hope the share price picks up soon, because if it doesn't you longs are the toast I've been warning you about.
Perhaps if you could actually read a chart instead of copy and paste you'd see that the stock has broken down through both its 200 and 50 day averages, and that both of those have turned down. As for the RSI, it's dropped from 70 to below 50 in the last week or so and is heading down as well.
And you will let us know when silver hits $100,000 an ounce won't you?
That's true, but SDRG doesn't have (and won't get IMO) enough cash to buy a cash flow positive operation. At best SDRG might be able to buy some exploration rights somewhere and start up some "hope" story again. But then again, they'd need cash to drill.
Even if by some miracle it acquired a mine like that, do you think for one second they'd have the managerial expertise to run it?
No, I think the best longs can hope to get out of this deal is debts paid and a pittance of equity left. Frankly, I don't think they'll get even that. But I still bet Marc gets some sort of settlement - at least the corporate debt he claims he's owed.
But we'll see.
Good idea, FDA. And we can keep track of your " Marc won't accept less than 40 cents a share". But oh, you revised that recently to 27 cents a share recently, didn't you? So what's your next revision?
And we can also keep track of whether we get that proxy vote and a dividend too, huh? Can you even remember all the claims you made?
Let me put it this way; I don't think the offer will be enough to cover debt and leave an operating company. If there does happen to be an excess after debt, I doubt if shareholders will see anything from it other than getting eaten up by more "administrative" expenses in the following few months or a year or so.
In order for an operating company to exist after " the deal" there must be enough capital left over to buy more potentially productive assets, since the only assets the company has are being sold. I don't think that excess will be there.
It's Monday. Marc is winging his way to China to bring back vast riches for FDA and junk.
Godspeed on your quest, Marc.
Market makers at work today. Look at the spread. Last time this happened they moved the stock over a penny higher on the close on a 10 dollar (500 share) order. Anything can happen here.
So Marc is leaving for China. Wonder if he's coming back. Har!
$100,000 an ounce for silver. No pumping there, is there?
Gangrene, the question you're asking is easy to answer if you believe as, say, FDA does. Frankly, it's a little puzzling why junk is apparently having such a hard time with it.
But you have discovered one thing. Anything perceived as an attack on SDRG (factual or not) is met by deflection and a personal attack by the pumpers. This time was no different. You were just another lying troller, right?
Ridiculous. The CEO is leaving to sign and close a deal in the works for over a year and that's not relevant corporate information that the public should be aware of? You simply can't be that dense. Wait - I take that last part back.
And if Marc is simply taking a leasurly trip to China why would that be "SUPER DUPER GREAT NEWSS for shareholders!"?
If true, the issue rests with FDA. And that wouldn't surprise me.
Of course you do know that disclosing relevant information privately rather than publicly is considered passing on inside information. It's not only unethical, it's illegal. Of course, there's always the off chance Marc isn't talking to anyone at all, but I doubt it.
SDRG down? Somebody doesn't know Marc is heading to China.
But never fear. Junk says it's 5 then 7 then 10 in short order. FDA has now given (even though reduced) a sure price of 27 cents a share. Done deal. :) :) :)
But I am disappointed. We were told 40 cents was Marc's rock bottom price.
Breakout in the near future? Sure - FDA and junk have assured us that's a "done deal". And you can't discount such a knowledgeable duo, now can you?
So if I just talked to Marc I'd get the "real truth" would I? In that case, FDA, you must already have the "real truth" about the deal from talking to Marc because you talk to him all the time. Why don't you just cut out all this useless speculation of yours and tell us the "real truth" that Marc's already passed on to you?
You must know the exact price. What is it?
Well junk, just as soon as you tell me what your average cost is, I'll tell you if I ever shorted the stock.
Google it.
"Just asking". Sure. How many times have you "just asked"? That's a lie.
But I really don't care much about what you have to say these days. Apparently you think every sell trades on the bid and every buy on the ask. Ever heard of market makers? They have stock inventory. They can step in to buy above the bid or sell below the ask. You astound me.
I have never, ever contacted Marc by email or otherwise. Another lie you've told over and over. "Just asking". BS. And I'm somebody else you know. Another lie.
Why give you the numbers? You'd just say I made them up. Do your own work. But, then again, you don't know how. But you're an expert on valuing SDRG stock anyway.
Somebody sells 1500 shares? That's a mystery to you? On the close a couple of days ago the stock jumped over one cent on 500 shares. Is that a mystery to you too?
Why not ask FDA to ask his know it all "advisor". He's the expert on everything.
But they won't be your numbers, will they junk? That's because you haven't a clue. Just blow more smoke and forget the facts. Done deal. Yep. It is. Too bad for those dreams of yours. :) :) :)
But you can bet Marc will get his.
Junk I really do love your repetitive posts that say the same old pumps over and over.
Have you run the numbers on the Dadi mine? Do you know how? Those numbers would be facts. Impress us, junk. Run the numbers,
Pump, pump, pump. And somebody is supposed to appologize for saying FDA deleted his own post. Really? That's a big issue here? And who said he didn't? I did. A famous "troller".
And junk class me a liar with impunity. Of course, he's told more lies about me selling stock because I had to pay bills than I can count. But those lies don't count.
But all this personal stuff doesn't amount to a hill of beans. But if you'd like to be personally attacked simply ask a pumper a serious question about SDRG the company. You'll never get a straight answer. Gangrene has already discovered that. And since he dares to criticize, he's a liar too and doesn't really own any stock at all.
Last, Marc is going to China. Oh, boy!
What happens there? They sit him down, say "sign here" and he signs. Marc is a price taker, not a price maker. If you think the Chinese are going to make sure all you shareholders get rich, you do indeed live in a fantasy world.
So, go Marc. Let's get this charade over with.
I love this statement from FDA's sticky post above.
"Obviously SDRGers are disappointed the Great News we received today on DMLA did not impact PPS more positively as we hoped for & predicted...However, when you consider how deathly ill the PMs & PM miners have been over the past several years ....it figures! The problem here is not with SDRG as Trollers would love to have sincere shareholders believe! "
So FDA is saying SDRG didn't move on the DMLA news because the PM mining stocks have been acting poorly. Don't know exactly where FDA's head is (I know where I think he keeps it) but the PM miners have been going through a screaming rally for the past couple of weeks.
"An increased value for the asset"
Know what the asset is valued at now? I do.
Nice try junk.
Wall Street BUZZ. LOL! You PAY to have them report on your company.
Don't believe that? Google them and check out their home page. Just another way for FDA to pump.
Hard to tell what the price of a pump and dump will do. Just glad you're making the bet and not me.
You really believe SDRG is going to end up with free cash after this offer?
I ran the numbers on a 300,000 ton operation at the grams per ton reported in the Dadi property 401 study. I allowed a profit margin per ounce exceeding the current price of silver.
Let's just say anybody who believes any company would pay 80 million for 20% of Dadi is an idiot.
When the real offer comes, read it and weep.
It's DMLA day! What happened FDA?
Just laid there like road kill. And what happened to 40 cents - the lowest price Marc would take? It amazes me the longs give you the slightest credibility.
But wait for "the deal" to close. Watch it drop.
The longs will be back when (and if) the stock turns up. You see, it's very hard to gloat and pump under the current circumstances. So, if SDRG say goes over 4 today, they'll all be back.
And FDA, you have 60 days from today to pump your heart out - junk too. 60 days and the show is over.
Speaking of junk, where is he today?
After all, this is mining license day!!!
Marc's statement.
"The receipt of the Dadi Mining License is a further important milestone for the Company, as it now permits us to proceed with monetizing our assets in China, subject to regulatory approvals and filings," commented Marc Hazout, President and Chief Executive Officer of Silver Dragon Resources Inc., "Now that the mining license on this property has been obtained, we anticipate an increased valuation for the asset."
That sounds oddly familiar, huh?
And no doubt FDA is burning up the phones and emails with Marc about the good news. We should hear more about that "done deal" any time now. Probably a dollar a share by now.
The news probably just hasn't been out long enough for propel to rush in and buy. That's got to explain the stock action. After all, the license is issued and the deal is done.
But, but, but, I don't understand FDA. The mining license is approved and the stock isn't soaring. As a matter of fact, the bids aren't for that many shares and at lower prices. You could crash the market all by yourself, huh? Why isn't it soaring, FDA?
You'd better get out now while you can, longs. But it already looks like the doorway out is shrinking.
Admin deleted 3 posts as off topic.
Fine with me. Buy all you want.
A thoughtful post gangrene but I don't think you quite grasp what the longs are expecting. They don't really care what happens to SDRG after "the deal". To them "the deal" is the point. They think that SDRG will be offered a gargantuan sum for its SinoTop share, so much so that they will realize an instant jump in share price to 40 to 80 cents per share. At that point they'll cash in and be rich. Some are also expecting a fat dividend once "the deal" is done, or a proxy vote for something or other that hasn't been made clear. Those who don't "cash in" are expecting the company to have so much cash sloshing around after "the deal" that it will be able to invest large sums in other assets (I presume).
Any objective analysis of the property involved shows just how bizarre these fantastic expectations are but the longs will have none of it. For them no facts will be allowed to interfere with the dream.
I love the way the market makers are toying with this stock. Big bids and offers appear and disappear like magic. Volume comes and goes. A mere pittance moves the stock a penny or more on the close.
In the meantime the longs get all worked up and think something is actually happening. It isn't, but it is fun to watch the get rich quick crowd go crazy as visions of fast cars and mansions flash in their heads. To the moon longs, to the moon!
Dragon takes a breather and longs disappear. How typical.
Better hope the mining license isn't issued. After that comes the offer. And you sure don't want to be in this dog then.
Have you noticed near unknown posters coming out if the woodwork to tout the stock? Sure sign of a pump and dump.