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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 yoyoyo9992on Jun 23, 2008 2:03pm
141 Views
Post# 15217708

RE: Re the LOI

RE: Re the LOIChatty,

I think it is clearly good to watch with a careful eye, but if the deal does not close tomorrow it means nothing to me.  People want to be skeptical about everything in this sector, particularly this stock, but sometimes it seems to go a bit overboard.

For one, the head of HIC already joined SDRG's BOD, and for two, SDRG already used part of the $1.2 million down payment to buy the Erbaohuo mining permit for $650,000.

If closing a $13 million deal with the Chinese government takes an extra few weeks, I refuse to see it as a tradgedy (although annoying).

yoyo
Bullboard Posts