Sidney Resources Corp (PK) (SDRC) News

It seems the promotion machine has upped the ante considerably since then.

Remember their value estimates of $50 million a while back? And now there are estimates of $212 billion?

Why not just round up to a $trillion?

This is incredible! Forgotten about by everyone. The cult is on the defense this morning with questions and concerns, are things starting to unravel?

"It will be a very Merry Christmas in 24'"

... said Sean Rae Zalewski to conclude this PR from 1 year ago:

https://www.nasdaq .com/press-release/sidney-resources-corporation-reports-assay-results-and-a-comprehensive-evaluation-of

It seems the promotion machine has upped the ante considerably since then. The "historical stockpiles" now show higher grades and a many-fold increase in the quantity of material ready for processing. If you ask me, it was over the top then, and it is especially over the top now.

The above PR was the last time sampling integrity was talked about or addressed. For the needs of a public mining company, it's improper to use Steve Dobson for this purpose. Steve Dobson has no accreditation and isn't a true independent third party. There are conflicts of interest in using him to "uphold the sampling process" as an unaccredited, unregistered, employee of the mining contractor.

The bonanza-grade century+ old "tailings" story is borderline believable and is clearly an alternative to a dead-end exploration campaign. The meteorite-derived, uniquely rhodium-dominant, Platinum Group Metals deposit that supposedly fused with all the in situ gold is the same kind of thing; without comparable and not reproducible by any economic mining operation in documented history, let alone in any geological study of the Idaho Batholoth. These are likely to backfire for this company when subject to scrutiny. The promise to list on a stock exchange said to be more stringent than NYSE or Nasdaq one year from now is at best empty. It sure feels like things are reaching a desperate "T" with this company.

Analytical results are too often curated from larger undisclosed data sets, and crucial material information about them infamously withheld. Handheld XRF results come with their own list of evident abuses, and should not be cited in any way shape or form unless for the purpose of reproduction via analytical reporting from a reputable lab.

Who knows where all these piles (which over the past year have multiplied many-fold in size, and are said to be found in even higher grades since found initially) actually came from, if they are actually represented correctly at all. We have seen other examples of the OTC shameless show us pictures of bags of alluvial sands, including their unbelievable mineral profiles advertised, purchased and delivered to remote locations. Is this another one of these? (https://x .com/IGEX_Official/status/1524765895175942145)

Dividends? Without a formal measurement of what's underground, nor a reputable demonstration of economic feasibility, no cut off grades nor reserves, we have no basis for a profitable mining operation. Nevertheless, the company has gone full steam ahead with the investment in construction feigning such crucial and due diligence. Cash for equity financings, when superimposed upon purchases by the corporation, show signs of favoritism, circular transactions, and perhaps money laundering. Financial professionals and experienced financiers in mining, without the indication otherwise they have come to expect by observing certain standards upheld in this industry, would see an investment here as risky, supporting a necessarily capital-destructive enterprise, operating with significant material omissions and misrepresentations, and showing other signs of abuse.

Did you actually think you were getting a cash distribution?

Nice to see a handful of the cult members lashing out tonight about the promised divvy , but will it matter ?

time to get those $.20 bids loaded, then when it runs back to .28-30's unload them again. nice for it to take some time, avoids wash sale issues.

Another nasty day here, what happened to the golden cross?? I can see .20 coming soon. Also word is Mike Irish landed another gig, so it wasn’t because of age ??

supported and materially participated in

What does that mean? There were other investors in addition to the Scherrers?

Do you think SDRC really received $8 million?

Not sure how random isn’t half the board from Wisconsin??

fascinating. i was curious why they'd hire some random construction company from Wisconsin who (in reviewing their website) have zero experience with building the type of facility SDRC needs. Different state, different geography, different rules/problems. i know Jim has something like 1M shares per previous disclosures, but the laundering angle actually (unfortunately) makes some sense. his money (surely there was at least due diligence on the part of the bank, right?) goes in, gets spent on feasibility studies, expensive/overcharged buildings and comes out the other end as business income. share price goes up-- profit. share price doesn't go up-- gets his money back. it's basically a free lotto ticket.

FOMO arrow is not FOMO-ing. >:(

Yes, shenanigans going on with preferred shares, but I doubt SDRC actually received $8 million.

Nothing they say can be trusted.

Will Jim Scherrer get the construction contract?

Is that a given? If anyone is puzzled about how businesses like SDRC, without dedicating themselves to proper mineral asset development, can make money for insiders and board members, even while "never unrestricting or selling their shares," this is how they do it.

If Jim Scherrer, who owns the construction business likely to be used for the construction of the planned facility is receiving preferred shares while his company is also a recipient of substantial payments for construction services, it creates a potential conflict of interest. If Jim Scherrer's construction company, or Western Frontier, or equipment suppliers, or Red Beryl Mining Company, or any other contractor can charge inflated prices for its services, it could serve as a mechanism to funnel money back to the owner (who also holds the shares), effectively laundering funds.

I would be on the lookout for things like overvaluation of services with SDRC. If the decision to award the construction contract lacks competitive bidding or transparency, or the terms of the share raise are anything less than fully disclosed, it raise concerns about favoritism, undue influence, and, perhaps, money laundering.

The source of the $8 million cash used to purchase the preferred shares should be scrutinized. If the construction company reinvests any portion of the money received from the project back into the public company (e.g., by purchasing additional shares or making loans), it could indicate circular transactions designed to obscure the origins of funds. If the board-member, providing services has significant influence over the public company or its decision-making process, it could indicate an arrangement where funds are being moved under the guise of legitimate business activities.

You guys have a clusterfuck nightmare of an SEC audit ahead of you if you're seriously targeting an uplist to a stock exchange said to be more stringent than NYSE or Nasdaq. Start ASAP because 13 months is not enough time. Another one of Sean's promised deadlines is just about dead on arrival.

This round of funding was supported and materially participated in by Board of Directors Members Sue Maas and Jim Scherrer.

The 8 million cash was received in exchange for Preferred Shares. Obviously, the terms of these are more favorable than the common share class. What was expressed to me by Sean albeit anecdotally and never released officially, was that these shares guarantee multi-fold payout in the event of a sale of the property or a buyout. In other words, there are non-publicly defined terms "upon the dissolution of, or upon any distribution of the assets of, the Corporation." What has been released publicly was that these are restricted for 2 years and can be converted to restricted common shares at any time (without detailing any further conversion rights like 100x or 1000x preferred to common as we see with other OTC stocks.) The company filed notice that they have amended their articles of incorporation earlier this month in order to increase the authorized share counts of both classes.

In previous quarterly filings, here is what is said about the preferred share class:

For preferred stock, describe the dividend, voting, conversion, and liquidation rights as well as redemption or sinking fund provisions.

The Serial Preferred Stock may be issued, from time to time, in one or more series with such distinctive serial designations as the Board of Directors may establish and such Serial Preferred Stock: (a) may have such voting powers, full or limited, or may be without voting powers; (b) may be subject to redemption at such time or times and at such prices; (c) may be entitled to receive dividends (which may be cumulative or non-cumulative) at such rate or rates, on such conditions, and at such times and payable in preference to, or in such relation to, the dividends payable on any other class or classes or series of stock; (d) may have such rights upon the dissolution of, or upon any distribution of the assets of, the Corporation; (e) may be made convertible into, or exchangeable for, shares of any other class or classes or of any other series of the same or any other class or classes of stock of the Corporation, at such price or prices or at such rates of exchange, and with such adjustments; and (f) shall have such other relative, participating, optional or special rights, qualifications, limitations or restrictions thereof, all as shall hereafter be stated and expressed in the resolution or resolutions providing for Directors pursuant to the authority to do so which is hereby vested in the Board.

So basically, the terms of each of these distinctive serial designations can be different, and are always defined in private by the Board of Directors at the time of issuance. SDRC has taken a noticeable step back in transparency over the past several years, and the details concerning their share structure is only one example. I'm sure other shareholders besides me would like to see these defined in full and released officially.

Sean-Rae Zalewski
@SeanRaeZalewski
$SDRC

Concern number 2 that came up during the call.

"was the over 8 million dollars in commitments as stated by the PR just committed or was it deposited?"

Over $8 million of the committed investments from investors have made their deposits into our accounts.

Does anybody believe this?

Who's this investor with so much cash, and so little sense? Has anybody been named?

I call it the FOMO arrow.

It's the same arrow that's been saved in all his TradingView charts for many years now. He just drags it to the right every time he wants to make a new chart post on Twitter. People see the arrow, they FOMO. That's all.

Complete amateur hour , one person can literally control the price up or down but lets talk the golden cross and draw arrows on charts. Leader said earlier maybe CEO is frustrated and tired of the haters but isn't he the one who raised the bar here with his hot shot tweets?

these chart predictions never fail to amuse.

https://x.com/SUNNYLAND24/status/1870146408424120527/photo/1

Sean makes me happy with my decision to sell.

Sean's behavior is an affront to intelligence. He needs to get off social media and focus on reporting material information properly. Anyone investing at this point is dangerously operating with significant material omissions and misrepresentations, and I suspect the recent private placements are as well. A promise to list on TXSE under yet another deadline, knowing how dramatic the changes will need to take place with this company in order to make it possible, without showing any sign or progress on those changes currently, is just shameless and wrong. That "assay chart" is an abhorrent insult as well. Literally nothing is correct about it. I am deeply disgusted with people who go along with this kind of thing, with no care for learning how legit companies do it. There is a proper way of releasing sample analysis as a public mining company, conducive to the higher standards of the exchange listings you're targeting, not to mention required by government agencies, all of which current management is intent on acting in contempt of. I don't want to hear anything is "too expensive" anymore after hearing about your 200+ billion. Start today and get Sidney an SEC audit and reporting schedule, send the memo out to your significant shareholders to get themselves a CIK. Contract the registered geologists that are qualified to report on your mineral assets and get those technical reports written. If you wish to advertise reserves or AISC, you will need to present feasibility studies.

"Jim Lee, chief executive of the TXSE, told the Financial Times the new exchange’s standards, including earnings tests, minimum prices and other unspecified measures, would be stringent enough to in effect exclude more than a third of the companies listed on Nasdaq and the New York Stock Exchange. "

"TXSE’s minimum requirements would keep out speculative penny stocks."

Source Cited: https://www.ft.com/content/da5be183-c339-42d2-b1e4-1aad83568d1c

I mean you have got to be kidding me, people. Wake up.

Good morning haters, its time to put up or shut up from this company, its hard to get excited about an uplist in "13 months" when we were promised a Divvy over a year ago, now finding out need a $4 pps to get on the exchange, these are some big comments being made while the stock price has suffered for the last year... and nobody is shorting this besides bots, these are amateur comments being made with a lack of understanding on how markets actually work. embarrassing actually.

omg, and there they go cross-posting/retweeting each other. literally a circle jerk, lol. cropped data tables and "200 tons" and $9-$28 share price. everyone just wait til $1 and jump in for the 9x-28x (lol) ride.

more than happy to defend his penny plays and discuss crypto gainz, but radio silence when anyone asks something of substance (where's the divvy?). that whole interaction was eye opening, guess he finally decided to jump into the weeds and mix it up-- which for most CEO's doesn't end well.

everyone keeps mentioning people "shorting" SDRC. what platforms or brokerages actually allow it? always seems like the go-to argument for anyone with legit questions.

anyone think this is the last push/pump before the restricted shares liquidate even more? i haven't looked at lockups and such but at some point they're going to want to take some profit.

this is entertaining, just hope no one loses their life savings.

"soon."

He released a whole lot of nothing though.

• A screenshot of an assay chart with crucial columns and annotations left out.
• A promise to list on an exchange significantly more stringent than Nasdaq or NYSE with a deadline doubtful to even be enough time to complete an SEC audit in the first place.
• He disclosed that he bought another penny stock, GGSM, known to be a dilutive scam.
• "Watch the next 5 weeks"

Maybe you're referring to the furnace for smelting at higher melting points (like PGM's) is set to arrive christmas, or the remark that they are designing a facility capable of processing capacities of 450 tons per day? I'm going to use those two words everyone seems to hate again: Where's the "FEASIBILITY STUDY?" This isn't a private company. Investors need to be included in the diligence behind purchases like these, and how it ties into a feasible mineral deposit and processing operation. If company is intent on not releasing it, investors should assume that diligence doesn't exist.

You're a hater for being anything but a yes man. If shareholders are asking questions and expecting backlash and contempt, or a lack of satisfactory answers, how their questions are posed is bound to reflect their frustration and agitation in some way.

I was wondering what you were talking about, so I hunted it down on X:



Wow. All I can say is that this is like no assay report I have ever seen, and I have looked at assay reports from a dozen different labs over 30+ years. As pointed out already, the info at the top is cut off. No telling what these numbers mean. Who collected the samples? Where did they collect the samples? How did they collect the samples? What QA/QC did they do? What lab is it? What element is represented by that oz/ton? Is that a concentrate or a rock sample? And so on......

This tells me that Sean Rae a) knows nothing about mining and exploration, b) thinks his investors are equally stupid and uninformed, and c) has no business being the CEO of a "mining" company.

And yes, management of penny stock companies spend their days perusing every post on every social media where comments are made about their company. Sometimes they even post themselves - openly sometimes, but more likely under an alias. I assume every post I make is read by Sean Rae.

So.....Sean, buddy.....just thought you should know that you made a huge mistake when you came out with this PGM/Meteorite nonsense. It will be your undoing, your investors are not all as dumb as you think they are. Was that PGM stuff your idea, or Sunny's? I'm guessing it was his idea, and you thought it sounded great! And tonight's posting of an "assay" was not the smartest move either. Just shows you have no idea what legit mining/exploration efforts look like. This isn't it.

One last thing tonight, all of a sudden he releases info after saying for months he couldn’t until the deal is finalized??? So he could have all along???? Am I a hater for asking this question???????

#uplistingin13monthsorsodependsonwhentsxeopens

I guess its a typo because he said TSXE not TXSE....

Well then, the details on listing requirements aren't released yet but we do already have reason to believe that TXSE will be MORE STRINGENT than Nasdaq or NYSE:

"Jim Lee, chief executive of the TXSE, told the Financial Times the new exchange’s standards, including earnings tests, minimum prices and other unspecified measures, would be stringent enough to in effect exclude more than a third of the companies listed on Nasdaq and the New York Stock Exchange. "

Source Cited: https://www.ft.com/content/da5be183-c339-42d2-b1e4-1aad83568d1c


Id say this might be even harder to pull off than TSX. Another failed deadline from Sean bites the dust. Dead on arrival in fact. When SEC audit?

It’s the new Texas exchange that opens next year … txse

SDRC won't qualify for TSX as is.

Dramatic changes are needed, and for one, they will need to completely overhaul their promotion program. All disclosure pertaining to mineral assets will need to be compliant with Canada's NI 43-101. These necessarily mean the kind of technical reporting I've been calling out for on this platform for years now, along with the contracted registered and qualified third party experts writing them. They will definitely need to stop teasing things on Twitter or through their other known unofficial channels in the absence of the proper qualified third-party technical reporting! If they mean to use investor capital in essentially the way they have been doing for years now, the Canadians would demand the feasibility studies and reserves just as I have too. If previous claims about their mineralogy cannot be substantiated in this way, I'm afraid their plan to uplist onto any foreign (or domestic exchange besides OTC for that matter) will not be possible. Such a failure at this stage in the game would invite more negative attention than positive I think.

There are also governance requirements for TSX that SDRC can't fulfil as is. TSX regulations (as well as broader Canadian governance standards) require the company to have independent directors and a designated audit committee with independent members as well.

Does he mean TSXV? That would be more reasonable. I'm afraid SDRC has their work cut out for them regardless. Canada, when it comes for gold mining, is way more competitive and fastidious than US, and investors specializing in mining looking at IPO's will eat this stock alive if not planned carefully. The so called meteorite PGM deposit is bound to backfire when subject to the scrutiny of that market. These deadlines Sean likes to put out, for the obvious purpose of provoking FOMO are ridiculous and do not have the best track record.

Everyone should be extremely skeptical of this newly crafted pump angle. The company will need to essentially reform itself into a new animal to make this work and he's saying it can be done in 1 year. Did he mean TSXV? Maybe just maybe he means TSXV because that's basically Canada's OTC. Maybe just maybe that could work for them... but TSX would definitely be a nightmare to pull off regardless of the time period. This smells to me. Perhaps this is finally the market insiders plan on dumping into... if they could even pull off getting the security listed there, and stay listed there long enough to do it in the first place....

I’m not sure if fraud but he did just open himself up via these tweets , I was apart of a class action a few years ago

So, SDRC's now going to IPO on TSX in 13 months?

Is that assay chart signed off by a lab? What lab? What's being measured, who did it, and where was the sample taken from? Will there be any details disclosed about sampling methodology? Why is the elements column cut off from the screenshot? Are these planned to be released in full or will they all be curated from larger data sets at the discretion of the company as already indicated by their average grades?

I mean I just can't with how stupid this has all become. I am so happy I've resigned from supporting this reckless and dangerous clown. Both investors and the company itself are operating with significant material omissions going into next year.

In order to prove securities fraud, the government must generally establish the following elements:

1. Material misrepresentation or omission: The defendant made a false statement or failed to disclose information that a reasonable investor would consider important in making an investment decision.

2. Scienter: The defendant acted with intent to deceive, manipulate, or defraud, or with reckless disregard for the truth.

3. Connection with the purchase or sale of a security: The fraudulent conduct occurred in connection with the purchase or sale of a security.

4. Reliance: In certain circumstances, the government may also need to prove that the investor relied on the fraudulent information in making their investment decision.

5. Loss causation: The government may need to demonstrate that the defendant's fraudulent conduct directly or indirectly caused the investor's financial loss.

Things seem to be moving fast tonight judging by CEO updates on twitter he is obviously in here reading let me just say asking questions isn’t being a “hater”

Interesting comments today. Appears there are three types of SDRC investors here:

1) Those that know SDRC is a scam, but simply don't care as long as they "get theirs".
2) Those that are unsure, but if SDRC is a scam, they still don't care as long as they "get theirs".
3) Those that ignore the facts (red flags) and are fully enrolled in the hype, and will enable and promote till the bitter end.

So many people that are just fine with financial fraud.

Great Question. Long time shareholders are now showing frustration on twitter meanwhile the CEO continues to engage with OTC pumpers about OTHER OTC companies but can't comment on the DIVIDEND he promised??? How about SEC reporting?? How about uplisting to NAS?? How about the AS dilution that nobody wants to talk about?? CDEL has had a consistent seller for probably 6 months now, does anybody else care???

Can a CEO talk (confidently predict) a 4 cent dividend in the beginning of the year and then clam up when nothing happens?
That sounds like dirty pool to me.

Landed on the Moon

Thanks for your comments, very well said. We all have our own investing strategies, goals, and risk profiles. I have been in the markets a long time and have seen just about everything so when I say its only about making money that is no disrespect to you and your research of the fundamentals as I know you put in a lot of time and hard work . I couldn't imagine joining the 2-3 same pumpers on twitter with their cringe MEMES and Google Maps, they are in a echo chamber with themselves, MC for months non stop hyping "a PR coming tomorrow" to only resort to deleting said posts when it doesn't happen, and the other bully telling me as to why NON PROFIT news is important.

well said. i won't pump it due to my own ethics-- but i think (hope?) some of the pumpers out there are simply ignorant (as i was) in regards to speculative mining operations. some of it undoubtedly is head in the sand not wanting to really look, but there are people out there who lack the . . . horsepower/bandwidth to critically analyze these things. which is why having people like you to break it down and explain it is invaluable.

If you're intent on selling your shares higher, why not join the pump train with everyone else? I'm sure many are out there on social media, without shame, merely looking to take in suckers to their ask.... and yes, some also treat this stock as some sort of religion. I believe there are some who do actually believe they are doing good in the world by helping this company. This is the OTC, so, few would care about much of anything that goes on here, regardless, if not for the opportunity to make huge gains in the swings. The SEC surely doesn't (most of the time.)

Clearly everybody is different. I found SDRC during a time when my education in mining investment was gaining momentum. I was following a lot of mining companies, beginning to understand the principles of speculation in this industry, and learning analyze things fundamentally. I was making money, but it started to really kick off off the backboard of the Fed's aggressive policies during the pandemic, which turned out to be great for a lot of us, but simultaneously a tempting and dangerous thing. I know that optionality afforded by the rising gold price would eventually result in a theme of M&A in the industry, but also transform the bottom lines of the shittiest, smallest projects. They stand to benefit the most because the market could make or break their ability to get financed or be potentially profitable at all. Regardless of the company having any gold to sell or not, this temporary arrangement did wonders for microcaps. Stocks like AABB had a crazy move of which I made money on, but it was made tongue in cheek-ly, and definitely not a result of fundamental soundness. What was taking place can only be described as a sort of anthropological and psychological phenomenon, and during a time when most of the new money looking into gold stocks knew nothing about mining nor cared to. I invested in SDRC as it was making moves around the 2-4 cent range. I believed I was early enough, it had the right kind of following and exposure to attract people looking for a stock like this, the marketcap made sense to me at the time, I thought the thesis of re-commericalizing an old producing mine was different enough to plausibly be an edge, but most importantly, interesting enough from the historical angle to be attractive to new speculative money, who for the most part, have no connection to mining otherwise. I believed the company had potential to achieve some success in exploration and perhaps eventually become profitable on a small scale. I buddied up to the few people I could find on social media who were gung ho about SDRC thinking that they came upon the stock like I did. Was I wrong? Yes and no.

....Several months later the company's operations pivoted to technological development and the novel concept of laser mining. I went down the rabbit hole with Gary and Gabe's work at MERG and became hopelessly hooked. I believe it was my affinity for science fiction and my background in the manufacturing industry that got me. I think I do have a latent dream of inventing something and bringing it to market myself.

SDRC represents a right of passage for me during a time when I spent years going against what I knew to be correct and logical in preference for (oh i don't know) greed and the joy of the group's success. I met a lot of people who were world building around SDRC, and quite a few who were driving their kids college funds and their own retirements on this stock. Their unreasonable expectations were egged on by what I now describe as "the cult." Its a real thing for many people, insofar as the group doesn't err from constantly upping the ante and consistently gaslighting one another to certain realities. What I did realize was that the vast majority of, if not all of, even the most outspoken and authoritative people in the group promoting this stock, did not understand mining investment or cared to learn how experienced mining investors think. At some point, however, someone makes an unrecoverable blunder in the storytelling and it becomes dangerous. That is exactly what happened with the so called necessarily economic PGM discovery and the commitment to build out processing before even releasing 1 assay chart (let alone the whole meteorite angle ruling out all known economic comparables.) The potential for harm that SDRC can do now when subject to the ruthless scrutiny of the broader markets, or if insiders give up in some form or bail, is painfully evident, and equally painfully evident is that there has been virtually no one who cares enough to say anything about it. It's just a shitty OTC stock, moving right along, right? Nobody said much about BRYYF after realizing the company was structured in a way that it was plausible that shareholders didn't stand to benefit regardless of what happened to the property, when the 3rd attempt at a failed series of feasibility studies never came when planned, and the employee Kuaku on twitter announced to the world that Barrick was on site (which wouldn't have happened if things were going well.) I cringe looking back for only discussing my research in private, deciding to join the pump train despite prejudices, and never speaking up until after it was too late.

I think eventually SDRC will produce a group of people who feel remorse and guilt over what will inevitably take place here. It may come with or without a rise in the stock price. The stock does have potential especially if a new gold mining bull is found to be upon us and SDRC's catalyists can stay relevant for people long enough in order to capitalize upon it as it makes its way towards its historical crescendo. I do however know that SDRC's edge (and power to convince new money) is indeed a predominantly anthropological phenomenon and that there are still some people that aren't just here to make money.

true. people make money off scams/ponzi schemes all the time. there are millionaires from OTC pump/dumps. it all spends the same, whether it's blue chip divvy, index fund, or OTC pump/dump. i'm still in, the only thing that has changed for me is the amount i'm willing to sink in and my previous optimism of this being a long term hold. it's unfortunate the success of some will come at the cost of a bunch of bagholders who fall for the hype, but at least the information is out there for more balanced DD for people to make decisions on. helps me sleep better to at least know information was there, even if unheeded.

The whole point of investing/trading is to make money, This has a high likelihood to 10x regardless of the PGM angle which I know nothing about or don't even care, unlike the cult who does victory laps over a CEOs cryptic tweets I don't fall in love with a story ever. So a scam ? maybe ? this is a bet that either 10xs or goes to 0 , if I get a 10x return and then find out its a scam do I care????

Sounds like you'd be better off buying mutual funds and joining a Bingo club, they''ll probably serve you some free cheese with that wine. 😀

I also do not believe this is a scam but do know the concerns being expressed here are completely valid.

Huh!? So, not a scam but the concerns pointing to a scam ...are valid?

Make up your mind.

Is the PGM/meteorite nonsense legit?

Nothing to add, you said it perfectly.

Thanks for your comments and great points. I also do not believe this is a scam but do know the concerns being expressed here are completely valid. Sean just posted “watch for the next 5 weeks” to some random OTC pumper account on twitter, the usual handful of promoters are doing victory laps. People watching from afar call this amateur hour . 2025 is a make or break year for me , this company needs to prove itself and start managing its stock price or else the opportunity cost is just not worth it

It is impossible to argue with the two points about avoiding the dividend discussion and getting a pass from answering real questions. I do not understand how other investors can be so tolerant of an entire year of sidestepping the elephants in the room. We are way past the window where a dividend could be awarded in 2024, so at this point just simply addressing that and moving it back to Q1 or Q2 would be 100% better than pretending they didn’t publicly commit to Q4 of this year. I’ve written here before that I don’t believe this is a scam or that the company leaders are out to hose their investors. But they do themselves no favors in constantly avoiding the topics that their investors care most about. The information we were, and still are, waiting for was supposed to be published at the end of the 60 day acquisition quiet period - I don’t know anyone who wasn’t under that impression. Now, almost 30 days later the LOI expired and was re-signed, the terms of the LOI have been agreed to, and this is supposedly being held up by a purchase agreement signature. How on Earth does it take 30 days for the other party to sign an agreement where the terms are agreed upon? Moreover, do we honestly fear a bidding war breaking out over these properties if data is published on X? Both the company and the CEO have been hashtagging PGMs and REEs in their posts throughout the entire year. Isn’t the cat out of the bag? Yet they insist on withholding data until after the acquisition is closed, and if you’re not in the camp that this is a scam you’re beside yourself wondering how this benefits shareholders. I don’t know how Sean could put himself in a more unenviable position as CEO - it has become literally pass or fail for him in my eyes, and he needs to deliver significant information to get that passing grade. There must be more frustrated bulls than it appears. Communication has been abysmal.

Happy Anniversary! Basically a year since SDRC hit .50 following comments from the CEO that a Dividend will be paid out by year end 2024, stock has gone nowhere in the last year and still no remarks about said Dividend, I saw a few people on twitter asking CEO lately with no response. The pass this company is getting from answering any real questions is staggering, on top of that GDX just lost its 200DMA and gold sure looks like it can head back towards 2k next year but I know we only talk about gold when it goes up......P.S. as I am typing I see a monster 200k bid on BRGC, timing is interesting with the revelation here last night, is a certain promotor putting a big bid to try and calm folks down ??

Incredible info regarding Mac! Thanks for sharing, I guess when the promotor slaps on a $4 price target (like everything else is going to multi dollars very soon) it numbs the crowd.

Also, again with the shameless use of astronomical "Inferred" values to the same end.

As soon as I see the first outrageous, unsubstantiated valuation, I know it is a P&D. The SEC actually doesn't allow dollar valuations of in-ground resources. But that doesn't stop crappy OTC mining companies from putting $112 billion value on a prospect with no drilling, and very poorly done adit sampling (like SDRC has done). It is nuts.....but it works on investors who have zero knowledge of mining, geology, exploration, etc.

Thanks, that saves me some time when I start digging into XTPT, maybe over the Holiday. Just too busy right now. Maybe I'll start with that 43-101. I have seen some that evaluate properties with zero drilling, and just large-scale geological mapping, and a handful of heavily biased grab samples from dumps. This sounds like that.

I always thought that everything that Mac Shahsavar touches seemed sketchy as hell. You've touched on his past highlights in the penny stock world, and yup, he really is sketchy as hell. I wonder if perhaps he does a lot of the setting up of the share structures, etc. while Sunny spends his time promoting to his loyal following.

And then there's Cyros in his role procuring crappy claims, and waving his XRF around. My limited experience with using an XRF involved a couple week's rental, and I do remember that the two of us that were going to use it had to take a short course/certification on safe usage of the device. Point it down at a sample on a table and take a reading, while you are sitting there in a chair and your nether regions are under the table.....you've just fried your huevos!!. It seems that Cyros is the type of guy that would point it at his head and take a few readings just for kicks......

There are several mining companies I follow that report some things to the SEC when they are not required to, as they are non-reporting companies. The Form 4's and 8's are for effect only....."look, the CEO is buying shares!"

Here's the deal with XTPT.

The thing we should be aware of with this (Bernice District in Churchill County, Nevada) project is that the company recently had a preliminary technical report written by a registered geologist, in the format conforming to 43-101. This work looks legit and honest albeit at a prohibitively early stage. Virtually no modern exploration has been done to prepare for the report and it shows with its sheer ambiguity. There's a large amount of uncertainties and challenges still to getting this off the ground. Current investors, in my view, aren't forward looking to the elimination of these uncertainties so much as looking forward to the macro thesis playing out in their favor, a sort of supply chain breakdown with China, perhaps a World War 3 type scenario, which would in turn give them a favorable exit event before any real exploration or mining takes place. Perhaps under such circumstances, our government would be the ones to throw money at domestic projects professing to pursue Antimony regardless of how remote the lead. Even if everything goes right, exploration will be an expensive uphill battle, development will take time, not to mention permitting for roads and whatnot, any prospect of a sustainable or proven operation is obviously a good amount of years ahead.

It looks to me that the first and main problem will be accessibility. The old workings they're attempting to re-commercialize span 7 miles across a very unforgiving terrain. Completely abandoned since the world war days, there's absolutely no infrastructure out there supporting accessibility. Steve Cyros's videos have somewhat confirmed that any previous work in pursuit of Antimony looks to have been small scale artisanal type operations, all of which underground and very far apart from one another. Production history is unclear. There are some inconsistencies with the historical production reporting that does exist. Whatever sales of Antimony product were predominantly during the years of the world war era, with some photographs of a substantial smelting operation then, but is very tough to line up the dots so to speak. We are supposed to believe many adits were mined and pooled together to be reported under others. Some are labeled "prospect" but show signs of a stamp mill and relatively more extensive workings... lots of smoke and mirrors. I don't see nearly as many signs of stock promotion back then like I did with BYRG's New Rambler, but I may be wrong, and would love to look at what they were saying then if so.

Fast forward to now, the current plan is to take liberty from SDRC and go after the "old tailings" piles as a sort of hail mary to revenues. SDRC, well, specifically Irish Metals (who's actually out of the picture now) was the subject of an XTPT PR, for playing a role in the planning stages of a new antimony processing plant in Nevada. Announcing a thing at such a stage, especially with companies like UAMY desperate for domestically sourced feed, seems a bit bizarre or at least immature.

Besides the mining side of things at a stage where its still an almost total crapshoot and uphill battle, my biggest gripe with XTPT, however, occupies the corporate side of things. I don't trust Mac Shahsavar, his pump and dump history, nor that of his Winnipeg entourage (a few names of which I suspect are pseudonyms or aren't actual people.) I don't like his connections to scandals of the past like POTN, his "National Group of Companies" owning old p&d website "longandshortreports.com", or how his Nasdaq-listed NHMC disappeared off the map during the dotcom bust leaving investors stranded. I especially don't trust his usage of the preferred class of shares on all his stocks; with conversion rights capable of engulfing the entire common share class many times over. I feel like any money being thrown at these stocks are for promotional purposes only. This includes all fancy technical reporting, airborne geomagnetic imagery, and who knows what else. Just as an example, BRGC has an SEC CIK# but isn't actually SEC reporting or audited. What is reported are Form 4 stock purchases by the CEO. Retail bulls delight in this but anyone with a brain sees its just a cheap pump tactic.... The guy owns virtually the entire share structure and we are supposed to go nuts when he spends a few thousand dollars on the open market? The overall intelligence of the banter doesn't inspire confidence for me, with many bulls professing the form 4 purchases as their prime bullish case as they were taking place. The lot of these are pump stocks. Also, again with the shameless use of astronomical "Inferred" values to the same end. Sometimes I think the insiders are all just throwing darts at a board, coming up with experiments to run for the benefit of their audience, hoping to stay alive long enough so something would stick.

P.S. Probably well past time to take a deep dive into XTPT. Sunnyland pumping it hard, but I'll bet a closer look will find a washed-up, low-grade, too small, or otherwise uneconomic antimony deposit, with hyped-up, ridiculous valuations, valuable dumps seemingly overlooked by previous owners, and very little modern exploration done by management. Maybe Cyros with his XRF running around "discovering" antimony. Maybe a little platinum to sweeten the deal.

Just a hunch.

What an ugly, twisted mess of scammery that is.

Brightrock is another bogus Sunnyland "mining" project. It involves some worked-out lithium pegmatites near Wickenburg, AZ, an area I am quite familiar with.

There are some lengthy YouTube videos showing Cyros picking up chunks of rock including a piece of vesicular basalt and zapping it with his XRF.....voila, lithium ore!! Basalt is the last kind of rock you'd expect to find more than a few ppb of lithium in. What a clown......

The BYRG story is the craziest of them all.

The shenanigans there predate WW1, lots of shameless and euphoric stock selling promotions then and shady stuff involving the local smelting trusts, sending ores out to NJ, workers dying in an ore lift accident which upon impact "opened up a new copper and platinum glory hole," a fire that destroyed all the buildings and records the day a government assessor came on site, a decade long lawsuit contesting the distressed tax sale of the property that was supposedly "mispriced". Mindboggling stuff. Perhaps we shouldn't get into all that here....

BYRG management's initial attraction to Wyoming's Medicine Bow region was by way of collaboration with famous mining scammers NVCFund and Frank Ekejija. Their Snowy Range "project" is just north over the mountain by BYRG's New Rambler, and BYRG was a stakeholder.

Before anyone says that BYRG isn't related to SDRC, Dan Hally, Head of Operations at SDRC, also a director of Sunnyland's and Steve Cyros's Red Beryl Mining Company, was made Head of Exploration at BYRG. Groudhog Mining and Milling, SDRC's former mining contractor and collaborator with Gary Mladjan on (now SDRC's) laser mining tech at MERG, is now the mining contractor at BYRG. Sunnyland and Red Beryl Mining Company are key players running BYRG behind the scenes.

close, but no cigar. i don't sell it all then re-buy it all- i still have a 5 figure position, i sell some shares when i think it's high then re-buy later. true i sold some high 20's, but not true i'm worried about a run. no FOMO here-- in fact, i WANT it to run, the higher the better, and if any of the divvy/$4 stuff becomes reasonable like i've said before there is PLENTY of time to enter. this thing isn't going from $.35 to $4.00 overnight. plus if it waits to drop back down to my buy zone there's no wash sale issues. my problem was the non-stop twitter pump, and this place serves as a nice cautionary tale to the fanboi crossposting retweeting circle jerks lol