RE: RE: RE: News out, but..Chatty,
I'm tired of defending. Yes, the production is later than expected, but the big reason the stock is down is because nearly all the juniors remain down, save the biggest, best, most advanced companies, of which frankly there are very few. The TSX-V is still down roughly 75%, and the average junior is still down much more, and it will stay that way until capital finally believes the big PM move and floods back in like in 2003 or 2005.
Given the pure hell of this environment, what I see is that SDRG has accomplished more than 95% of the juniors, not to mention dealing with dickead slandering him all year. And when they do reach production, which they will, it will be at far higher silver prices than today's comical $13.50 or so.
Everyone likes to crap on managements, but in this sector, thanks to an historic economic collapse combined with a massive attack on PM's last summer (remember, silver got hit from $21 to $8), the junior mining sector has been completely forsaken. Marc has done cartwheels with limited funds, which by the way he attained by selling excess properties rather than selling stock at a dime with warrants like everyone else.
And he will continue to outperform most other junior managements because he has plenty of surplus assets, a deep partnership with the Chinese, and now a rising silver price. What did you think, that if they said they were producing 500 ozs./day today the stock would explode? C'mon, not in this market, not a chance.
The stock is valued like nearly all other juniors, including biggies like ECU, at roughly $0.25/oz. of resources. Two years ago, the group was valued at $4-$7/oz, but not today. But it will in time, and when it does, I'll bet Marc will have figured out a way to keep the share count reasonably low, which it continues to be thanks to some very deft dealing.
This isn't about SDRG, it's about the sector. Everyone has delays in production, etc ., especially the first time around and especially when the market has been collapsing, capital markets are essentially frozen, and investment capital is thin.
And what's he doing now, following a week in Mexico. Off to China again tomorrow to add more shareholder value, as he has been doing in droves for the past year. And then a new 43-101 from Mexico, and from Laopondao, and a new feasiblity study from Erbaohuo,and more drilling results from China, etc., etc., etc..
But its easy to be an armchair quarterback, of course. And I'm sure you have really kicked a-s in your portfolio over the past year.