Is it the conversion still going on ? Maybe. IMO.
The debt conversion was done last Jan/Feb and it took SIRG down from .62 to .0015 where it bottomed!
As you know mining stocks, especially those junior mining exploration companies have not done well lately. I could give several examples but do your own research. I know a lot of people are hoping/praying for miracles that their company will find the mother lode or get permits!
That investor could have bought in July at .0025!
Some people just think they see greener pastures over the hill. We know we have a company that owns 80% of a copper mine in Arizona with open permits that will be transferred.
The Chloride Copper mine contains 27 million pounds of copper along with approx 50,000,000 lbs of Zinc in the existing trailing piles. Verified by a NI43-101. There are existing buildings and equipment valued at $1,800,000 by a 3rd party!
They own the 80% without any liabilities.
We are waiting for funding approval. The last funding was not approved by the 7 members of the BOD because it was not shareholder friendly. (SIRG, unlike most of these OTC companies has 7 men on their BOD - 5 of them independents!) That in itself is very rare!
This mine will be producing revenue in 2012. The new CEO owns 9,700,000 shares THAT HE PURCHASED AS AN INVESTMENT! That's a big carrot for him to perform!
LOAD THE BOAT
