Yes, SIBN is notorious for its late filings. :) OTOH, your are definitely right about "something brewing behind the scenes". Here is a short list of recent significant changes:
3. We will celebrate a 1 year anniversary of SIBN-RMC restructuring, when current insiders got basically all outstanding shares of SIBN. It means, as I remember (maybe wrong), that some of those shares will go out of restriction next month.
What we currently have is illiquid, basically private, company with almost all the shares held by insiders. The company owns real valuable assets, although they are pretty far, at least couple of years, from production. They need to attract new capital to move faster to production stage. So, where can they go from here? 1. They can take it private. It’s a perfect time to do this if they want – just buy a few shares from members of this board. :) I doubt anybody on iHub holds sizeable post-split positions. So, buy the company and resell it later. There are many interested Russian investors, and I even heard about possible Chinese buyers. 2. They can keep it public. In this case they will need to attract new investors (listing in TSE; join venture; private placement; or something else). SIBN should deserve market recognition as growing exploration company, or acquire some producing (or close to production) assets to show revenue. 3. Some structural changes are possible (and very likely, IMO): official association with First Iron; JV with Chinese company, etc. I always knew that Chinese are very interested in this region and this kind of assets, but recent development shows that the company maybe moving in this direction already.
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