Sidney Resources Corp (PK) (SDRC) 시세

Yes …. And now they using Quantum as a new angle with xtpt without mentioning that it is years away…… funny how that works … but I guess they like holding bags of illiquid names for years anyways?

oh shit, the FOMO arrow is back-- time for this to dump again. .20 incoming. his PT $9-$28. why not $30? how about we all wait until $1, load up, and get 28x returns? still pretty damn good and much less risk.

what will hit first-- my $.20 bid or $1.00?

It is pretty interesting stuff, and yes, the metals mined at Sudbury are not from the meteorite itself but were deposited as the result of magmatic activity formed by having a hole punched in the crust........that was a question I had when I started reading some of the articles I found.

If SDRC were a reporting, audited company, with P.Geo's willing to sign off on PRs, a meteoritic source for the mineralization would be more palatable, and worth consideration. But, there is so much shady stuff going on here, I assume every PR and every "filing" is suspect (to put it mildly). Sunnylands's involvement alone guarantees that it is nothing more than a P&D, share-selling scheme.

Remember when they announced the results of concentrate assays from their magical piles found out in the woods? The math was flatout wrong, and they never corrected it. Stuff like that is why no P. Geo seems to have an interest in putting their name on anything the company is involved with.

thanks for the education-- fascinating read. sounds like it wasn't what was deposited by the impact, but the impact energy itself that made the area unique. makes the thesis a little more palatable to me (ie, it's not the old meteor bits they're going to be mining, but the materials formed from the heat of the impact), but an N of 1 is pretty hard to hang your hat on.

in the meantime, we wait for assays and homer bucket sales. . .

not to mention this "mining a meteor strike" has never occurred in the history of mining, correct?

Incorrect. Google Sudbury. https://www.geologyforinvestors.com/sudbury-ancient-apocalypse-to-modern-resource/

But careful.......it is a long leap to compare the Warren District to Sudbury. No proof it's located in a meteor strike. And no proof of a single molecule of PGM's in SDRC's ores. Not to mention all the other shady stuff going on with SDRC.

Well Jan 22 is the new deadline inside this “5 weeks Tik Tok” nonsense this CEO has promised shareholders so if we get nothing again you will get some nice dumping unfortunately. Its time for this company to put up or shut up.

WTAF. back to the meteor thing again? academically interesting for a university to research but "confirming a meteor strike" in the area is completely different than an economically feasible recoverable resource. where are the f-ing assays they sent, where is the f-ing gold they can actually sell? not to mention this "mining a meteor strike" has never occurred in the history of mining, correct? still have my stink bids in, suspect they'll hit in the next month or two once this pump dumps.

No, when I look at the chart it's gone down, down, down. Oh bother!

Yes he’s an amateur hype man who shouldn’t be trusted after his 60 day countdown clock to nowhere, on numerous occasions he literally said a PR “may come in the morning “ now they say M&A “takes times” so why didn’t they say this before??

This guy should probably quit playing at being a geologist.
https://x.com/MCErsky/status/1845821686672699863

The "insoluble" portion of those ancient assays is almost certainly silica, not PGMs. And he fails to understand that the units are percent, not ounces.

What a moron.

New names getting upset on twitter is the only reason you got “ updates” today otherwise ceo wouldn’t have said anything. A new deadline for the “5 week” deal has been set to January 22nd for news, if we get nothing again then what ???

This acquisition will not move the stock, why has the stock gone NOWHERE in the past year under this management team that the blind cheerleaders praise so much??

That's typical for a Sunny-promoted company....... I see that they are promoting the stockpiles as a valuable product. Yet, they say this:

In addition to facilitating exploration activities, gaining road access will enable Xtra Energy to test existing antimony stockpiles for potential third-party sale or supply agreements. This strategic move could provide an early revenue stream and strengthen the company's position in the antimony market. The company plans to evaluate the quality and quantity of these stockpiles to assess their commercial viability.

What responsible publicly-traded company would promote something as an asset.....having not actually determined that it's an asset? Why....a Sunnyland company, that's who.

Like right here with SDRC.....a year-long promotion of PGMs yet they have not proven that they have even a molecule of PGMs in their so-called ores. I suspect that the gold and silver values they've been reporting are also fudged, just a bit.

5 tons a day of valuable concentrate being generated by SDRC says one pumper. LOL......I think it is closer to zero tons.

Yep, I hear the leader really teased the cult this morning pre market with big news and turned out to be xtpt trying to get a permit , distractions and moving the goal posts continue here .

c'mon down to $.20. you know you can do it!

i think the usual suspects/pump crew/fanbois have moved on to antimony from REE/PGMs; we will see the green FOMO arrow when the furnace starts up.

plus furnace = capital expenditure/tangible good that can be sold off later. probably purchased from a shareholder lol.

The last news on this is they are processing 5t/d now.

That's sheer, made-up bullshit. If it was true, and they've processed hundreds of tons, and filled many super sacks with concentrate....and yet not sold/smelted any of it???? These guys are still in the Homer Bucket version of make-believe mineral processing. And now they have a super-furnace to melt those pesky PGMs.....and yet can't come up with a single, certified, believable assay showing they have a molecule of PGMs in their ores.

This has the distinct odor of deception and lies. Very stinky.

This guy is another top commentator in Sunnyland who says everyday we getting closer but as usual no substance to back it up , in my 20 years in the markets I have never seen a company get a pass like this, the last year has been a complete shit show and we have a ceo who doesn’t know how to manage the stock price even going as far as questioning on social media why the “street” hasn’t caught on!! Are you serious??

That’s a huge issue here no pushback or countering, ceo sees him everyday with his 60 day countdown clock and doesn’t even tell him privately to knock it off? Just like no pushback in Sunnyland when amateurs talk byrg going to a $1, the place has turned completely unserious

The last news on this is they are processing 5t/d now. That was some time ago, so it may have increased.

Hawk

I don't see the company doing anything or saying anything to counter that ridiculous stuff. I'm sure they don't mind.

He is a main promoter who has been wrong for at least six months now even going as far as deleting posts on X and in Sunnyland after predicting a PR drops the next morning he can’t be taken seriously all speculation garbage comments and really looked foolish with his 60 day countdown clock to nowhere.

Will someone please tell me if SDRC has announced a date when they will begin processing ore in any quantity to generate cash flow? I have not been able to find such an announcement.

Seriously, do SDRC investors believe nonsense like this?

See new posts
Conversation
MC
@MCErsky
We all want to see the acquisition completed by $SDRC. But acquisition or not. It still doesn't change the value they have and are generating. Every day $SDRC processes 5 tons of ore. That 5 tons contains Precious Metals valued between $280-402K. Silence is hard, but it doesn't mean work isn't happening. That's a Value of $100-$140Mill a year.
#Idaho #Mining #Gold #Silver #PGMs
11:00 AM · Jan 10, 2025
·
956
Views

https://x.com/MCErsky/status/1877777511716720997

5 tons of ore a day? Worth $208-402K a day? Does the company claim this is true? Or is it just one pumper-fool?

Another week goes by and silence from the company and even more concerning is the silence from shareholders, how much longer can this go on? where are we in the new "5 week" window that the CEO has promised????????????????????

Just buying themselves more time while the big bully cheerleader is back to showing pictures of rock samples LOL, I guess its better than Kevin Cox emojis!!!!

A new special furnace for platinum? Why do investors put up with this? How about a single, credible assay that shows they have a molecule of platinum on their properties?

https://x.com/SeanRaeZalewski/status/1877095314185925025
Sean-Rae Zalewski
@SeanRaeZalewski
·
Jan 8
Melts 8 kg of platinum in. 8 minutes. Unit and exhaust system

Show replies

It’s extremely concerning that the CEO is publicly admitting that he doesn’t know why “the street” isn’t catching on to this “story”. Expectations have been raised ever since he started talking Dividends and still nothing to show for it.

What’s the advantage for the people that bought the preferred stock?

Well, it was an interesting year. Let us hope SDRC turns things around and starts actually mining to generate income, which will surely increase the stock price. Anything less will be a great disappointment to me.

the “street”

The "street" does not accept fairy tales in place of facts. Not the street where the adults live, anyway.

“As an investor in the company with both my own capital and having guided me by friends to the company I too am frustrated with the “street” not seeing the value of the company where I believe it should be. “

Is this some sort of sick joke? Whose job is it to manage the stock price and gain investor awareness??? This ceo needs to look in the mirror because we are all frustrated. Why am I the only one asking these questions?

the curse of Sunnyland's green FOMO arrow

“Tax loss selling” is the latest excuse

Fraud? How about spending an entire year promoting that their mine(s) contained PGMs, iridium, rhodium, etc. And after a year, not a single certified assay result to confirm it.

That's fraud.

Spending money on other things than what they raised it for would be harder to prove as fraud (because business plans change). Of course, if the money ended up in the bank accounts of certain undeserving individuals, or things were bought that had nothing to do with the business.....that would be fraud. Not saying that happened, but......

I'm not a lawyer, but surely if a company raises funds for a specific project and fails to spend those funds on said project, that constitutes fraud. Would not the Board and management team then be guilty of fraud and thus be liable to the shareholders?

Sunnyland a safe space ? If you want to see in real time why I and many others have left that toxic place go look at the concerned shareholder who innocently made a comment that maybe everyone chill with the pie in the sky valuation talk until idk maybe this company actually proves themselves with something material, next thing you know another big promoter (and the biggest bully) comes to the defense and talks down to him like he is worthless, he has done this to me and others in the past as well. And if you want to know about his credibility just ask him how CAVR is doing he was a top pumper there as well .

Yep now he pivoted to Revenue and sec reporting is most important funny how that works when some of us here speak up . still silence from the company especially regarding dividend that was promised to “the street”

FOMO arrow is back, sort of like inverse Cramer usually predicts red days ahead.

a processing facility can generate revenue for this company beyond just feeding it with SDRC's ores. SDRC can contract out its use to other companies and producers in the region.

So many of the shady OTC companies that I have examined over the years promote this idea. Why? Because it justifies the toxic debt, and it deflects from the failure of the company to prove out its own reserves.

And when the money is raised.... surprise! No ore is mined, no state of the art facility is built, and there are no other "producers" in the area that seem to be interested. So where'd the money go?

Heard this story before, so many times.

To answer your question, it's basically a risk-free transaction for Scherrer, who not only receives the shares in exchange for the cash (a particular class of shares with particularly opaque and risk-averse terms,) but whose construction company is set to be the recipient of the funds he is contributing. Also, as said earlier, (further indicating favoritism) it "directly benefits the most influential shareholders of SDRC (The Lelands) who own the land that is being developed, who's interest is to keep this stock in a sustained cycle of buyer interest while the company's stock equity transactions funnel money to them and their association via the financing of development of the assets it owns and controls."

As an alternative to pursuing mineral reserves, a processing facility can generate revenue for this company beyond just feeding it with SDRC's ores. SDRC can contract out its use to other companies and producers in the region. I believe the motivation taking precedent here is to grow the value of the district, its economy, and the local real estate. Despite it being somewhat messed up from a public mining stock perspective, everyone on board with it seems to have accepted that proving the economic feasibility of whats underground is not the preferred way to achieve that end.

8 million dollars (in exchange for preferred stock) in order for the corporation to build a state of the art metallurgical facility

WHY??

A company has no use for a state of the art metallurgical facility if that company has no reserves, almost no drilling (they drilled one hole?), no technical reports by 3rd Party professionals, no production or sales, and no credible assays.

Instead they have cockamamie stories about PGMs, rhodium, meteoritic origin story, crazy guy pointing his XRF at random rocks and getting truly bizarre results, Homer bucket metallurgy testing, truly whacko mineral valuations, and then there's always that shady promotor.......Sunny! What a clown show......

How much longer can they pretend to be a serious exploration/mining company? Not long, IMO.

The Lucky Ben lease is expiring end of 2024.

Basically everyone involved in this stock seems to perceive in some way that "things are coming to a T" with this stock. To begin to explain the underlying reasons of why this is, I think we need to turn our attention to a major valuation-related decision that's about to be made concerning the land Sidney Resources operates on.

To preface, all the core land that SDRC is developing are old patented mining claims owned by the Lelands; the current largest shareholders in SDRC. SDRC pays the Lelands (in cash and in shares) to lease and to use the land. As part of this agreement, SDRC develops said land: accessibility, infrastructure, permitting and building of roads, enhances safety, pushes deeper underground, constructs buildings.... and most pertinently and recently, a state of the art metallurgical processing facility is planned and financed. These activities add value to the Lelands' property beyond just for the purpose of fulfilling SDRC's output capacity or their task of delineating a mineral resource.

This arrangement has presented some good things for this company and shareholders: The Lelands are shareholders like you and me, and as such, they also have a vested interest in the company's success. So far, they have offered SDRC seemingly favorable lease terms (in exchange for cash and an, albeit enormous, cache of restricted stock) and additional support to ensure this project's success. This less capital-intensive arrangement frees up funds for other operational needs.

You may have gathered already that I, however, believe there is a possible conflict of interest to be appreciated here. Public mining companies cannot and must not become "married" to properties at such an uncertain stage. Typically these will need to reserve the option of moving on to new projects if exploration or feasibility studies turn out unfavorable. Responsible speculators in this industry must identify what that "go or no go" is for any given project, and plan their entry and exit accordingly.

The problem with SDRC, however, is that current management has indeed married themselves to this property. Under no circumstances will they move on from the Lucky Ben and their agenda in the broader Warren district, however found to be favorable or unfavorable. So while SDRC, with support from the growing bid and bullish investor outlook, has gone so far as to develop the land's accessibility and infrastructure, but has not done anything to pursue a make or break situation for the mineral resource over the longer term. This public mining company, bizarrely, and in line with an unfortunately common theme, has taken to managing investor expectations more diligently than the pursuit of reserves. The life of the mine economics remains obscured in mystery, and I unfortunately believe this is the way they like it. Sure, with Groundhog as their mining contractor, they drilled in order to "confirm the continuation of the narrow vein gold system," but they only drilled as far to determine that, and it did little to confirm or dis-confirm the economic feasibility. If anything, it came up as a dud - since we got a limited picture and recommendation to discontinue further drilling. We still don't have the guaranteed profitability legit mining companies typically insist on before development, construction, and production via the specifically defined and situationally used term "reserves." The current management, led by the Lelands, have prevented the company from pursuing (or perhaps releasing) information that might disqualify this property as a profitable mining endeavor, and because drilling has the potential to do that, management have opted for alternative ways to create investor interest. In many ways, this company has resorted to classic OTC-type promotion tactics, teasing and withholding material information for long periods of time, novel and borderline believable geological backdrops, insane and badly calculated valuations, all of which have only resulted in a polarization of their investor audience, and caused stress and damage to their brand.

To add further weight to this particular intrigue, as of recently, a board-member and "investor" by the name of Jim Scherrer gave the company somewhere in the range of 8 million dollars (in exchange for preferred stock) in order for the corporation to build a state of the art metallurgical facility on the Leland's land, assuming that this same Jim Scherrer's construction company will be the recipient of these funds as the contractor that will handle this very project. I demonstrated in a prior post that not only is this is a highly suspect circular transaction, may indicate favoritism, an effort to obscure the source of funds, takes advantage of a vaguely defined and disclosed class of shares in the corporation, and a possible money laundering scheme, but it directly benefits the most influential shareholders of SDRC who own the land that is being developed, who's interest is to keep this stock in a sustained cycle of buyer interest while the company's stock equity transactions funnel money to them and their association via the financing of development of the assets it owns and controls.

So lets see how this lease agreement lines up valuation-wise and with the current time line.

From most recent SDRC quarterly filing on OTCMarkets.com
"Sidney Resources paid $60,000.00 for a five-year lease with an option to renew the lease for 5 additional years. The Board of Directors has signed a lease amendment extending the lease for the Lucky Ben Properties an additional 5 years beyond when the lease that was scheduled to expire at the end of 2019 and with the option to renew the lease an additional 5 years as long as work on the properties remains active. Under the terms of the Lease Amendment, Lessor will be issued 20,000,000 shares of restricted common stock as payment for the lease amendment. Under the terms of the new lease amendment, Sidney Resources Corporation has the option to continue to lease the properties for an indefinite period of time with the condition that development work continues each year."

At the end of this year, 2024, five years from the end of 2019, this lease agreement is to be renewed. A major valuation decision is about to take place. We may expect this lease agreement to be amended at the end of this year just as it was at the end of 2019. How will the work of the last 5 years and its implied change in valuation of the Lucky Ben be reflected in this leases renewal? Will new lease terms be favorable and transparently negotiated? Will it perhaps be unfairly valued, indicating the favoritism we have already observed, and the outsized influence of the Lelands on this company's decisions? What due diligence have the involved parties completed in order to "mark these assets to the market" independently in order to ensure fairness? Will valuation depart from reality like we have seen with the mineral assets advertised, and if so, what will that mean for the increasingly noticeable parallel trend of diverging interests between large and small shareholders?

One thing we can all be sure of is that questions are mounting much faster than answers.

Unfortunately yes until one of these companies actually proves themselves. Same handful of cheerleaders never mentioning the opportunity risk or risk management holding these illiquid companies for years on end. Like sdrc just pie in the sky PTs like brgc going to go 3000% now lol. For at least two years the leader has been screaming “Sdrc dollars very soon” while the CEO misleads investors about a dividend. Scroll down and read the objective analysis that if was said in the other room would get you chastised .

On the other board they are heavily promoting BRGC and XTPT is this more SDRC type promotion?

IF I were a "big shareholder" with more than say, $25K, into this, my first step would be to hire a real, 3rd party mining engineer or geologist to go over the company technical information. Wouldn't take much time because there is almost zero technical reporting to review....it is mostly PRs and social media posts. Ask the engineer or geologist for an opinion letter regarding the company's claims about grades, tonnage, and geology (meteorite impact theory). And especially about the evidence they have presented about PGMS....which is zilch. And those truly wacko valuation estimates they've come out with. A day of review, and an opinion letter might cost you $1500.

Then, if the opinion does not come back favorable (and it won't, IMO), think about retaining an attorney. And figure out if you want to pursue it further....to the State AG's office, for instance.

And save every email, every mailer, anything related to this company promoting to you. Not to mention all the social media posts you can screen-shot, especially if there were DM's behind the scenes from company management or promoters.

Regarding Legal, Unfortunately I was reminded by a big investor yesterday that all discord and twitter communication is being saved to a backup hard drive “just in case”. This goes for the lead promoter and the company itself. After the bold comments made on twitter a few days ago from CEO he really opened himself up. I hope and don’t think it should come to the worst possible outcome here but we do need to protect ourselves.

I talked to a couple long time shareholders over the last few days and they are at their wits end regarding the eye opening comments on this board, twitter, and yes the circle jerk known as Sunnyland. The lengths the usual cheerleaders have gone to defend a young hot shot CEO is astounding. One amateur of the group responding to the divvy drama even had the balls to say he’s a “rookie OTC CEO”, oh really? How many years is he allowed to be considered a rookie? Another big time amateur with the daily “zero risk” commentary is completely out of his league and gets no pushback from the top promoters, almost like they are secretly cheering him on even though he sounds like an 8 year old. For a company that has not actually proven anything material yet and still hasn’t learned how to manage their damn stock price they sure get a pass from everyone and their and mother , will anybody else get the damn courage to speak up?

If that was a statement from a year or two ago, I can understand labeling Sydney as "speculation". IMO, Sydney was pretty shaky even then, with their complete lack of exploration, their magic laser mining stuff, and so on. But the second that PGMs and rhodium and meteorites came into it......no question at all, IMO, that it falls into the "scam" category. I still wonder why they felt the need to introduce that kind of stuff. Was the gold and silver just not exciting their investors enough? Worried that the lack of credible exploration and real assays was causing investors to lose interest?

He could do something about it, since it is dragging his "reputation" as a knowledgeable mining guy through the mud. Using "hedging" language is not forceful enough. Maybe he is worried about legal action if he says anything stronger. Do Sean Rae and/or Sunny commonly make legal threats?