Replies to post #18645 on Sierra Resource Group Inc. (fka SIRG)

[StockKingArthur]

Fund or toxic finance? There is a huge difference. Guess we will see how those 2 notes that are coming due gets played out.

[lmcat]

It was previously posted that 9 months (last Dec) ago Rod was actively seeking another source of funding without the need to use Asher.

The article further shows that last Dec. Rod expected the permitting to take 4 to 6 months but didn't know that SIRG would be at the mercy of government agencies and beyond his control!

But instead of dropping the ball, Rod stepped up to the plate and hit a home run by hiring Rizzo & Assoc to get the MPO approved!

Now that the E is gone that fact leaves one less hurdle to jump over and one less negative event to discuss. And as threatened, SIRG did not get downgraded to the pinks.

Seeking funding of $2 million. Sierra Resource Group, Inc. is a past producing copper mine in Arizona with existing plant and equipment (retooling 90 days) and permits ( updating 4-6 months).
We seek $2 million (fully secured) to bring the mine into full production producing seven million pounds of 99.999% pure copper cathode per year.

The mine has proven reserves of 27 million pounds (NI 43-101 compliant Technical and 9.9 million pounds of copper in Tailings.
The Mine is fully developed for operation with substantial investments expended to date. SX/EW plant as well as required infrastructure to conduct the full operation is already in place.
Contact: J Rod Martin
[e-mail]
305 439 7416
serriaresgroup.com serriaresgroup.com
9 months ago

Despite dire warnings of impending disaster for shareholders like this:

To easy, the big ole "E" was not dropped yesterday, and it will not be dropped today either. I see sirgE getting down graded again in the very near future. I Wonder which toxic financer paid for the recent pump?

SIRG has built a nice base in pennyland because SIRG shareholders know that Rod bought 9,700,000 SIRG shares and will do whatever it takes to bring the mine back into production.