gitreal
3 semanas hace
Have you seen this government official poking around the Shambhala claims?? Department of Land Transfer!! Just kidding, it's just Steve Cyros pretending to be a government official! Look at that crisp, clean uniform. The radio clipped to his shoulder, ready to call in his deputies! His brand new geo hammer, never been used. No hardhat, just wait until he clips his noggin on the ceiling of that mine adit?! Department of Mine Land Transfer......LOL.....
http://www.coloradoprospector.com/forums/index.php?showtopic=5209&pid=45113&mode=threaded&start=#entry45113
The comments are interesting, apparently Mr. Cyros does not have many friends in the prospecting community. But OTC schemers sure love him and his worthless mining claims.
Slojab
3 meses hace
Quarterly is out.
https://www.otcmarkets.com/otcapi/company/financial-report/410068/content
So, how does this work?
All priors have been removed by way of exchange cancelling large blocks and removed from > 5% ownership
Referring to Tristan Stronger. See the swap done on 6/11/24. Page 5 of 11.
I wonder how the Quantum lawsuit will play out.
There's $14 in the bank.
Goodwill took a big jump. No idea how this works. Not that goodwill means much, if it means anything at all.
Goodwill Adjustments include 1,050,000,000 Shares Exchange and Cancelled by Tristan V. Stonger, 192 Million Cancelled by Stratos Group LLC and 250 Million Cancelled by Quantum Omega LLC after Settling Debtor Receivables of $500,000 owed by Reich Brothers Inc, Izzy Goldreich who attempted to sell shares openly on market without a Rule 144 opinion due to his malfeasance during fund raising activities. BYRG has adjusted the impairments on a capital basis, not through receivables or subscriptions as his share block was from a prior debt conversion from its debt holder owing $102,000 and $61,200 which have since been discharged, due to the windup of prior Corporate Activities (BYRG) from 2014 dissolution, maintained under Discontinued Operations in nominal value.
lolroflmao
3 meses hace
Nathan Hunt of Groundhog Mining and Milling Company, LLC, is scheduled to make significant progress this week in understanding Project Shambhala through a comprehensive on-site inspection. $BYRG
Lead Geologist Justin Mistikawy, CEO Dave Bryant, Corporate Secretary Summer Bryant, and @EcoCurran, our Head of Environmental Sustainability, are all on-site with Nathan. The team starts their day at "Site 1."
https://x.com/buyergroupinc/status/1823385501568573520?s=19
lolroflmao
5 meses hace
Phase 1B Progress Report : $BYRG
As of June 26, 2024, 167 soil samples have been collected from 161 localities (Figure1). To ensure QA/QC, six duplicates were also collected. Samples have been shipped to AAL in Sparks, NV, for PGE (IM-NF5) and multi-element (IM-4AB26) analyses. Overall, Phase 1B soil sampling went smoothly, a sample was collected relatively close to the originally proposed sampling sites, resulting in a neatly packed sampling grid.
https://x.com/buyergroupinc/status/1807784255755325646?s=19
surrealistrader
5 meses hace
Response to Slojab's Questions - I
"Betting on anything actually happening as expected in the OTC is being naive."
Its safe to assume that your investment style (or lack thereof) is statistics based. You, along with the money managers, market makers, and institutions that deal in OTC share this policy driven approach and have tended to be right statistically speaking. I imagine you have been burned by a stock selling scam or two in the past and are bitter. You have taken to the “misery loves company” principle and become a frequenter of Ihub amongst many who share this sentiment. Perhaps you see yourself as a “Good Samitaritan,” or a “Batman” if you will, out to benefit those less endowed than yourself. Perhaps you may think that people who speak the benefit of the doubt of any OTC stock are “promoter scum,” and the victims of whom are soliciting your protection. People develop habits in this space based on prior successes or failures... Its easy to bet that a stock is shit because its on OTC Pinks because that's what most people do, and most money in this space is net short to reflect that. You're most people as most people don't invest in OTC. We should assume anyone speaking of stocks are speaking from a vested interest of some sort... but you must be different? (Full disclosure: I own shares.)
The OTC itself is on a path of change. It is slowly becoming fertile ground for legitimate businesses in pursuit of capital, without the burden of SEC auditing and other compliance expenses. A trend of crackdowns, rule changes, and enforcement practices support a future where legitimacy can exist and become investible on OTC. Reporting standards have improved in recent years and OTC Markets has become more proactive in enforcing disclosure rules. Bringing a business into the public space is still relatively easy on the OTC and makes sense for many startups - barring the automatic negative attention from the broader investment community who think companies this small shouldn’t be publically traded. It is becoming a trickier proposition to orchestrate a pump and dump stock selling scam in the time-frames that were possible in the past and investors are becoming wiser in seeking those more resilient and in line with emerging trends.
"expectations dashed for 17 years now" "Why expect anything different?"
Your attempt to establish thought-leadership concerning Dave Bryant and BYRG after posting on this Ihub board for 15+ years is formidable, but you don't seem to take into account the changes that are happening fast enough – in OTC in general and in this stock.
BYRG is definitely on the path of positive change, and the corporate and share-structure cleanup has been a prominent theme. Successes on this front cannot be ignored. Dave Bryant is deferring to a team of individuals who are interested in legitimate development of the mining asset under a clean stock. Its easy to accept that this is more rewarding in every way, for everybody, than orchestrating a scam. Investors are buying in for long term.
BYRG is working against the grain by being an OTC stock, sure, but also within the mining sector for being a historical mine site resurrection play and also a platinum exploration play. Metallurgy will be exceedingly complicated, and comparable successes of this kind of endeavor are as hard to find as the deposits themselves. Investors know this and are buying in anyway. As the company works to eliminate risks on corporate side, mining side, and stock side, such confirmation of expectations will make space for even more investment. As the macro-thesis is confirmed (as in the domestic need for critical minerals) there's no limit to the kinds of attention a stock like this can get. The optionality awarded by demand on commodity side can transform and perhaps overwhelm stocks like this if investors believe the commodity bull run game has already been won. Its very possible a buyout offer can come even before metallurgy becomes a concern.
"BYRG is a crap shoot"
I have no denials that uncertainties exist. I have no denials in that we are dealing in the OTC pinks, with some of the relatively lowest standards for disclosure and accountability in the capital markets … and I have no denials that this is speculation. It should be well known that OTC stocks have some of the lowest chances of success, and speculators in this space should only engage stocks where they have reason to believe that the chance and scope of possible rewards not only justify the risks but are good enough for their own risk tolerance. There are enough people that fall in this category to support the market-cap and that will grow or shrink as we have seen.
I personally believe that, yes, there are risks at every level and a great deal of this proposition is indeed a "crapshoot" at such an early stage, but I have done thorough enough due diligence on the property and its history to be personally interested in this project, and I do agree with the new direction the management style is going. The company must eliminate risks in order to widen its audience and that is exactly what BYRG is doing. If I bet on a mining stock, I sure as hell want my risks to be mining related. If they are found not to be, the corporate team will get to work on it, and they will be eventually - the company is indeed legitimate in this sense. My hopes are that my assumption of an economic resource becomes confirmed. If the value proposition of this stock is a "crapshoot,"as you say, and by principle, managements are necessarily more clever than ones own ability or willingness to conduct proper DD... I believe those behind it are giving it the best shot they can give to prolong and preserve the bid for what its worth until the mining side confirms or disconfirms assumptions. After so many years, Bryant is finally receiving the help he needs, and the group behind this stock has embraced a philosophy: the path of legitimacy is a way more rewarding and enriching one than the messes saturating OTC's and BYRG's past.
I'm here. I'm not betting the farm, but I'm here, and I believe there’s considerable upside potential especially given the undeniable progress made since the price was much higher.
Slojab
5 meses hace
Shareholders have had expectations dashed for 17 years now with Bryant in control of BYRG. Why should anyone expect anything different now?
Investors are betting that the prospect of a salable mineral commodity is legitimate, on meeting or exceeding expectations concerning the development of the company's assets, and sound management thereof.
Betting on anything actually happening as expected in the OTC is being naive.
In the coming years, value will be confirmed or dis-confirmed by mineral estimates, exploration, reserves, feasibility reports, production, or perhaps even buyout bids from producer companies. At any point, expectations can change in place of new ones based on new information and the ongoing process of turning uncertainties into certainties.
In other words, what you're saying is that playing BYRG is a crap shoot. On that we can agree.
surrealistrader
5 meses hace
A large portion of the market-cap comes from the speculation bid: Future expectations. There IS a market for this kind of stuff, believe it or not.
Investors are betting that the prospect of a salable mineral commodity is legitimate, on meeting or exceeding expectations concerning the development of the company's assets, and sound management thereof. Price has not reflected successes so far compared to when price was over 1 penny per share, so investors are baking into their expectations for price these prior successes as well as future ones.
Also contributing to the speculation bid is the now established trend of share-structure cleanup and the addition of relevant expertise and stakeholder-ship to the corporate side. Corporate issues acted as deterrents to mining speculation money which is otherwise now in play. Other areas of interest and differentiation come from historical documentation, prior sampling efforts, successful cleanup and acquisition of assets, and positivity regarding those involved in management and their dedication to a certain way of doing things cheaply and effectively.
In the coming years, value will be confirmed or dis-confirmed by mineral estimates, exploration, reserves, feasibility reports, production, or perhaps even buyout bids from producer companies. At any point, expectations can change in place of new ones based on new information and the ongoing process of turning uncertainties into certainties.
surrealistrader
5 meses hace
BYRG Opinion Piece
The Corporate Side:
Given recent developments, it is clearly evident that there is an effort to clean up the share structure and augment the corporate side and corporate team with relevant expertise and stakeholder-ship. There is an intent to save the share structure from any further unnecessary growth, while it simultaneously shrinks due to the ongoing effort to reclaim shares that lawfully should be back in treasury. Importantly, they got rid of that bad actor Tristan Stonger M.D. (convicted felon, services never rendered) and cancelled his shares - those very shares that were necessary to dilute out to bypass the OTC 10% rule upon becoming pink current in 2021.
I think a big takeaway from recent developments is that billions of shares of prior dilution will be returned to the company over time in some form or another. Whether its for cash / private placements, to pay for services, for acquisitions, or perhaps more will just be cancelled outright as there's nothing stopping them from doing so. Any left remain restricted and in Bryant's name, available for the company's use. For private placements, the process seems to be: cash comes in, he issues shares with a 2-year restricted legend, and then cancels the same amount from his lot. We are to expect no dilution as $ millions in new stakeholder cash, perhaps new board-members, will come in and put their names behind this company. I wouldn't rule out new money now in play that was otherwise sidelined due to the eye-sores on filings that have now been cleaned up. I’d say the corporate side is on a good path.
The Mining side:
Mining season is upon us and data collection continues. Groundhog Mining and Milling has begun the permitting application process for improving the portals and access for exploration. Board Member and Geologist Justin Mistikawy is on full time with interns from University of Wyoming on site as we speak... and we also have USGS and WYGS's ongoing airborne reconnaissance which will further inform exploration. We are awaiting catalysts such as permitting results, further sampling data, and first drills at the historical New Rambler mining district in over 100 years.
If the process of turning uncertainties into certainties continues to manifest in a way that confirms higher expectations of value as opposed to lower, I'd say we are on more solid footing than ever, and the market will have more of an appetite for these catalysts. The prospect of a mine-able platinum deposit in USA is so rare that the market will figure it is worth the risk to pursue figuring out. This is still an early stage mining stock and it's still speculation, but now that the mess on the corporate side is becoming cleared up, it is beginning to become all about the resource now, the quest to establish reserves, a metallurgical strategy, and figure out if its economic to mine.
I believe that the recent elimination of deterrents on corporate side will only help the markets appetite for developments on the mining side. Mining risk is daunting enough, but there is indeed a market for it given the macro picture… its the wait to eliminate the other risks that have been the deterrent here, upon which the company have made some serious progress, in turn opening doors to mining investment.
Stock / Trading Side:
I don't claim to understand the whole BNY Mellon issue, nor will I attempt to try to explain it here, but in the grand scheme of things, the light at the end of the tunnel is now visible as far as the effort to reclaim rogue portions of the share structure. This successful trend in itself should embolden management to dedicate even more time, energy, and resources to engage BNY Mellon... and its likely successful resolution will embolden investors to the opportunity disproportionate but temporary sell side liquidity represents.
Accumulation continues by those who are confident in the people behind this stock and the liquidity made available to them by the bad actor BNY is and should be treated as a blessing in disguise.
Slojab
5 meses hace
Ah, a stalker has arrived.
Can you show me a single post you made on any stock board that would constitute actual DD, much less "great" DD?
All I see from looking at your posting history is name calling and attacks against other posters.
Thanks for your great DD, sorry to see you go!! buh bye
Insanely childish comment, Skippy. Instead, try reconciling the market cap of BYRG. Even a simple comparison with other junior miners will do.
But no, I predict just another snide remark or two from someone who doesn't know a thing about Bryant or this company. Just that he dislikes a certain poster here so he follows him around like a bully on the playground.
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Penny2Dime
4 meses hace
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