The key word there is IF long term financing is secured. Nobody wants to fund a company that has over $500K in notes coming due by Feb. 2013! Until, the current notes are dealt with, it's highly unlikely that SIRG will secure any funding other than more TOXIC funding. I keep seeing individuals say they have financing in place, yet SIRG clearly states they are "seeking funding to reopen the mine".
Let's be realistic here, SIRG can pay off the notes at any point during the terms of the notes, previously 12 month and now 9 months. SIRG has no reason to decrease the terms of the notes since they can pay them off at any time, only Asher has a reason to decrease the terms of the notes. That leads one to conclude that Asher views SIRG as a HIGH RISK loan!
JMHO
News 
Market Data 
Discover 
