yeah a dime! Thats just technical and charts. I've seen this happen many times on many tickers over the years. As far as the short reports are that is anyone's opinion. I have my own and I respect yours even though I don't agree. I didn't make the report. It is OTC Markets and in their fine print it reads
FINRA:REGSHO data provided by FINRA.
You are absolutely right. SDRC are nowhere near production, the season is done, and we have no idea what the deal is on the lease or financing.
However, I do believe in the people on the board and the resource in the ground.
Have you been to the mine Robert? I have.
I am into my third mining project over the past ten years. If I counted my efforts on the Lucky Ben, it would be four. Part of the success I have had with seeking investment in my projects is the simple fact that I had and have sole rights to the ground. This my point on the lease.
If SDRC can make a deal that puts the deed in their hands, that will make it easier to market the project and get financing. As it stands, the lease can be dissolved at any point making investment appear risky. To an investor, there is no security for their money. Hypothetically, They put in a million dollars of infrastructure over 5 years and then the owners don't want to renew for another 5 years is a huge loss. The owners are really good people and I doubt they would pull out but an investor doesn't know that. So if SDRC can secure the deed on the Lucky Ben, I have high confidence they will get the investment they need to get it into production.
I am not gonna criticize people who have seen the value in SDRC, bought shares and spread awareness of this company and project. I have waited a long time to see this correction. The more people know about it, the more people invest in it, the more potential there is for this to be picked up by larger investment.
Four seasons in Canada... Early Winter, Winter, Late Winter and Next Winter
