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Sierra Resource Group Inc SIRG
Posted On: 10/22/2012 1:27:39 PM
Post# of 4018
Posted By: Snafu_Ice
Let's just go out on a very, very long limb and assume SKA is right to an extent (very hypothetical and highly unlikely) about SIRG increasing, actually doubling, the O/S and having 1/2 billion new shares on the market. That's not such a bad thing for us. 1) it puts $3.5 - $5 million in SIRG's coffers, 2) it drops the s/p in half to .004 or so...again not so bad because most of us are averaging much less and would still be green, and 3) we then start from there, with final permits, funding, and mine reopening still ahead of us. To me that's all good news. If the worst happens, we are still sitting at .004 with a whole lot to look forward to in 2013, plus a few $ million in the bank and sitting pretty for a run to production in late 2013 or early 2014. All good for shareholders.













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