RE: RE: RE: $2 ???Thanks FCOM,
So rare that anyone positive comes on these boards.
Yes, per my last post, the stocks being offered have current value of
.67/ SDRG share, and the warrants (excluding Present Value) have an additional value of about $2.00/SDRG share, although you'd have to exercise the gold warrants which has a cost.
I have done much DD in the past two days to verify that the shares are indeed in escrow at the Transfer Agent, and that GRIT and MLM shares are real, which they appear to be.
I also asked about the gold and silver warrants, which are payable from production from a mine owned by Nirek in 2014. In my view, no sane person would deal with those warrants. Moreover, the GRIT stock is illiquid and GRIT is an industrial company, not a PM miner, albeit one with a $100 million market cap.
As you said, there is nothing negative to take from this, only positive. These guys went through a great deal of time, money, and effort to try and get their hands on undervalued SDRG shares, and in the end I'd be shocked if they get any.
So many positive things going on at SDRG, and frankly the biggest negative lately has been the essentially record-low sentiment in the sector care of the Cartel. Valuations across the board have taken a dip again, from roughly
.70-
.75/ Ag equivalent ounce at year-end to closer to
.50-
.60/oz presently. Heck, the RYDEX PM fund has lost 2/3s of its assets since the beginning of the year, DESPITE higher gold and silver prices!
Of course, the high valuations were roughly $4.00-$7.00/oz when the TSX-V peaked in April 2007 (not coincidentally when SDRG peaked), and the lows were roughly
.20-
.25/oz in December 2008.
SDRG is kicking arse on all cylinders operationally, the way I see it, and the gold/silver Cartel is getting closer and closer to the end game.
SDRG will rise sharply, IMO, when sentiment comes back to the sector.