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Sunday, 01/21/2024 10:15:31 AM

Sunday, January 21, 2024 10:15:31 AM

Post# of 9737
What's funny about SDRC is that it's still OTC and the company is still taking advantage of the low standards of certainty/reporting set fourth within this space. That's not to say that they aren't still relatively very upfront and transparent compared to the majority of filth out there. "Fitting in with the big boys," and adhering to reporting standards they aren't required to (yet) are considered an unnecessary cost especially pre-revenues. It makes some of its peers who report to SEC when they aren't required to seem like they are going above and beyond (but offering new avenues for hype when their CEO files 20x form-4's in a row while there is still so much left unsaid about how they have arrived at their assumptions in order to justify, sometimes exorbitant, investment in exploration...) SDRC's temptation is real for those handling the company's money to save all unnecessary costs while remaining debt free, and minimum dilution at this stage. Who knows who is whispering in their ear or what such internal arguments consist of... but in my opinion, SDRC needs to big boy up and start taking the prospect of a big exchange offering seriously as soon as possible. Be absolutely clear about what the company's assets are and how you arrived at your estimates. Begin filing with the SEC or equivalent. Onboard accredited expertise who can make qualified statements in filings. I get it that all these things cost a lot of money but the market will reserve prejudice as long as you haven't already. Waiting for the price to rise or the cash to flow may be self reinforcing and at best delay the inevitable. That being said, those engaged are kept on the edge of their seats waiting for what's around that next corner. For many, the recent PR materials and social media posts have been extra enticing and have been triggering FOMO. You guys shouldn't be as concerned with these otc-types anymore as much as new money coming to look into this space for undervalued, steeper r/r setups as the breakout in the underlying commodity looks to stick. A gold bull will be the name of this game sooner than we think, and SDRC is looking damn good amongst the rough, but still has so many ducks that are still yet to be in a row given the magnitude of what may take place macro-wise concerning gold.