Sierra Resource Group Inc. (fka SIRG)

[lmcat]

Nobody is denying that SIRG needed to hire Rizzo and CDMSmith along with the additional accounting costs due to the chill. That takes money and SIRG needed to borrow funds. These were all expenses that could not be anticipated until it was discovered that the permits were not "good for the life of the mine" as stated in at least 2 previous technical reports.

Borrowing money to fund the building of a company is a normal procedure. Perhaps Rod should just have thrown in the towel and said "I can't do this" and walked away.

Rod needed money to pay unexpected expenses and he needed it quick. Asher was likely the only source that could provide those funds and when the permits are approved and the funds released Asher will be in the rear view mirror as SIRG continues its progress to production.

Let us not forget that 3 Asher notes were retired along with over $400M of debt in the 2nd quarter.

Still waiting for this proof - what's the holdup?

Please provide proof for the claim that SIRG was downgraded 2 times.

Quote:
sirg was also down graded 2 times to "not fully reporting."