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Silver Dragon Resources Inc SDRG

"Silver Dragon Resources Inc is a mining and metals company focused on the acquisition, exploration, development, and operation of silver mines in proven silver districts globally. It is a mineral exploration company engaged in six properties located in the Erbahuo Silver District in Northern China namely, the Dadi, Laopandao, Aobaotugounao, Shididonggou, Yuanlinzi and Zhuanxinhu properties."


GREY:SDRG - Post by User

Bullboard Posts
Comment by fcomon Jun 12, 2008 5:57pm
157 Views
Post# 15179702

RE: You Snooze, You Loose...

RE: You Snooze, You Loose...
Sure hope you are correct ...

One would think that today's announcement offers concrete proof that Marc intends to make good on his
promise to fast track production at Erbahuo.  A six hundred some odd payment to the Chinese toward this purpose is certainly significant given current SDRG capital resources.  Also have to acknowledge that since Marc has regained his position, he hasn't wasted any time getting things moving.  A very welcome development compared to the malaise that seemed to exist before.  We can only pray that he remains focused toward this goal and does not allow any distractions or promises from third parties to alter his course.

The big mystery remains as to why the share price and volume has not responded to recent developments.  Volume is way below normal and someone is still selling.  Probably an indication of how washed up investor sentiment is toward this issue.  Conditions certainly seem extreme - which is typically what occurs at a market bottom. 

Unfortunately, confirmation won't occur till the price and volume spike up.  And that likely requires a new set of investors to enter the fray with some dollars.  Sure hope Marc is able to work his sales magic and convince some Chinese investors to put some dollars on the line.    That would be huge. 

Until then - all we can do is wait - and hope ....  eesh !!!


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