Good news re: auditJust spoke to Marc in China. He says SF's Chinese affiliate has just about finished the in-person audit of SDRG's Chinese ops. And, as I noted before, it wasn't even difficult given that SDRG has only owned a stake in Erbaohuo since November.
The data should be sent back to SF's Toronto offices for finalization as early as today, which could enable the 10K to filed sometime this week, or at latest early next week. This would get the E off the ticker once and for all.
Marc is very frustrated that this happened, but given the company's budget I find it amazing that he has accomplished so much so quick without any significant stumbles (which, by the way, I certainly NOT characterize this as). Frankly, if this is the worst thing to happen then I think shareholders are going to be just fine.
Once the IPO is done, SDRG will be able to build a corporate infrastructure (CFO, Board of Directors, etc.) as big as any company out there, so issues like this will never happen again.
Moreover, let's all remember that when Marc goes to China, good things tend to happen. I'm going to take a wild guess that a lot of exciting things are happening behind the scenes, just waiting for this audit BS to pass before being sprung on the investment world.
Oh, and did I mention that Zinc is now near $1.70, silver over $14, and lead around $0.90? As I said earlier, sell now at your own risk!
yoyo