RE: Mgmt has let YoYo and all of us downGaitor,
Thanks for the concise, constructive thoughts.
No one wants the stock to get moving again more than Marc, and I believe he is well aware of the issue of marketing (I tell him so all the time). However, given the current balance sheet it is difficult to do a lot of those things in this environment. I expect that to change very shortly, and as for news I believe there will be a tremendous amount released in the next month regarding both Mexico and China.
I am not "making excuses" for the stock, but to ignore the fact that the AVERAGE junior PM miner is trading at
.50-
.90/ Ag equivalent oz. right now (SDRG is at about
.75/oz) is to ignore the most important aspect of the sector right now. With very few exceptions (mostly the largest names), nearly every PM miner, including many much more well-known and well-covered than SDRG are trading at those valuations right now. In fact, some of them have extensive marketing programs, to no avail.
In SDRG's case, I believe that the news coming in the next few months will make it clear that they are sitting on a potential monster mine in China, and they have already announced a 43-101 for Laopandao will be completed this summer. They still have 2009 drill results to release, and another $4 million drill program in China started last month (and $4 million in China is like $8 million in Mexico).
There will simply be too much news coming from this for the market to ignore, and from speaking to the Company the Mexican mining permit could be coming any day.
When that occurs and the stock moves up (let alone if silver finally breaks out and money floods into this sector for the first time in three years), they will be able to raise as much money as they need to expand personnel and marketing efforts, which I assure you is what Marc aims to do (as well as join the TSX).
We've all been through hell and back with this stock (and many other junior miners) the past few years, and finally the light at the end of the tunnel is in sight, in my view.
Long and strong, though just as frustrated at the moment as you are.
yoyo