Replies to post #14995 on Sierra Resource Group Inc. (fka SIRG)

[CopperRocks]

Seriously? Not to worry, Rod has everything under control?

Based on what? Even if all permits are granted in the next 3 months, what fantasy tells you that funding is already in place? That is not DD, it is wishful thinking.

There is nothing clear about SIRG right now. SIRG is a long shot. While downside is relatively small, and upside nearly unlimited, the odds are heavily against the upside. So many things have to fall into place, and they never all do.

The chance that SIRG re-opens the mine early next year with somewhat the same share structure as today (i.e. shareholders own the same % of revenues as they do today) is microscopic.

I own the shares I do because I am willing to take the risk that a) the mine ever opens and b) my shares are not diluted into worthlessness. But that is still a huge gamble with very long odds.

If you're not prepared to lose almost all your value in SIRG, you're in the wrong stock.

[CopperRocks]

The replacement of an accounting firm is, when done by a large company, usually a matter of several factors, of which performance is one.

When it happens to a penny stock company it's usually a sign the outgoing firm wasn't willing to perpetuate accounting shenanigans at the behest of the company's management.

With toxic funding, potential significant share increases, questionable accounting, desperation while waiting on permits and funding, and a lack of funds to even pay for office coffee, the change was likely to find a firm willing to push the envelope at the request of management.

[eddyimano]

I keep adding SIRG, not enough yet to be happy, but enough to make some money.

[Citrati]

There are no facilities available to SIRG that are shown or listed that will produce copper cathodes or even the purity of copper necessary to make copper cathodes. It requires electrolytic copper of 99.95% purity for copper cathodes. The facilities required are very expensive, technical and would require additional oversight beyond the presently stated. You are also talking 10's of times the funding necessary just to put the mine in production. Imagination is now running wild and unchecked. JMO