Silver Dragon Resources Inc SDRG

RE: RE: RE: RE: WOW, under $0.20, what a nice day!

[yoyoyo9992]

Thanks MW,

Unfortunately, the majority of the world (including 99.9% of dumb Americans) don't understand that the reason SDRG and countless other mining stocks trade at these horrible valuations is the GOLD/SILVER CARTEL's non-stop attacks on the sector, such as the chart below shows of today's opening on the COMEX.



Remember last week when the market was tanking and gold/silver exploded? Well, the only thing that's changed since last week is the fact that the Cartel once again violently attacked gold/silver to make sure they do not be perceived as safe havens.

Consequently, a stock like SDRG, which just a week ago surged into the mid-.30s on huge volume, turns around and tanks to 0.20 on fears that we are going back to the bottom of two years ago.

Of course, anything is possible, but let's see what SDRG has accomplished since it traded at
.07-
.10 just 12 months ago:

1. Completed massive drilling program in China
2. Won Prospector/Discovery of the year for Dadi property (Sino-Top won it)
3. Big new discoveries at Dadi and Laopandao
4. Completed huge 43-101 report for Dadi with 45 million ounces of silver
5. Sold two superflouous properties (Liangdi and Sanhanabao) to fully fund this year's huge drilling program, including 10,000 meters of drilling (plus trenching/tunnelling) and 5,000+ meters at Laopandao.
6. Commissioned 43-101 report for Laopandao, to be completed this summer (by the way, more work has been completed at Laopandao historically than even Dadi).
7. Plan to complete a scoping study in 4Q10 following the aforementioned drilling program to assess a potential central mill for Dadi and Laopandao, and possibly a new Dadi resource estimate

8. Received environmental permit in Mexico, clearly the way for production (remember, they bought a brand new mill for a song in 2008).
9. Brought on Robert Fung and Michael Brown to lead their Strategic Advisory Board. Both have been extremely active in helping the Company
10.Have worked extensively with David Wahl, a renowned mining engineer, on the properties in China (Dadi 43- 101, for example) and Mexico
11. Had a takeover offer for 20% of the shares
12. Ridded itself entirely of the vile ex-shareholders that were both selling big positions and perpetually slandering and harrassing the company
13. Advanced their plans to join the TSX (application anticipated to be completed in August).

Thus, given that silver is now $17.50 and the Company is charging forward on all fronts (not to mention the screamingly positive outlook for silver), is it really reasonable to believe that the stock will be back to
.07-
.10/share again?

FEAR is the name of the game, and that FEAR will likely turn into GREED quite quickly as the economic calamity ripens this year and the world floods into PMs.

BTW, I highly recommend watching "Meltup", the amazing documentary produced by the Naitonal Inflation Association (link below).

https://www.youtube.com/watch?v=eb1n1X0Oqdw

yoyo