Past year: ▼ 42%(0.00c – 0.89c USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 Apr 2013material agreement▼ Bad
Travellers International, controlled by CEO Marc Hazout, made five more advances between March 28 and April 30, 2013. The total owed rose to CDN$302,000 (about US$299,841) from CDN$214,500 in March. Terms are unchanged: unsecured, on demand, no interest.
25 Apr 2013quarterly activities report▼ Bad
Silver Dragon Resources Inc. reported a quarterly net loss of $404 thousand for the period ended 2013-03-31.
25 Apr 2013quarterly activities report▼ Bad
Silver Dragon Resources Inc. reported a quarterly net loss of $404 thousand for the period ended 2013-03-31.
18 Apr 2013material agreement● NeutralMajor
Effective April 12, 2013 the company and all four lenders (Asher, GEL, JMJ, Tonaquint) extended the payoff deadline from March 31 to June 30, 2013. The combined payoff is $2,689,133 and all other terms are unchanged. The March deadline passed without the payoffs being made.
17 Apr 2013quarterly activities report▼ Bad
Silver Dragon Resources Inc. reported a quarterly net loss of $404 thousand for the period ended 2013-03-31.
12 Apr 2013substantial holder notice● Neutral
Chan King Yuet, Barry King Hon Chan, Magnolia Ulan Fung, Su Hu, Hing Choi Hui, Wai Ngai Hui disclosed a new substantial Silver Dragon Resources Inc. shareholding (9.60% of votes).
1 Apr 2013late filing notice▼ Bad
Silver Dragon Resources Inc. notified the SEC that its annual report would be filed late.
6 Mar 2013material agreement▼ Bad
The company reported that CEO Marc Hazout's company Travellers International lent it a further CDN$ in eleven advances between November 28, 2012 and March 5, 2013. The total owed was CDN$214,500 (about US$208,454), up from CDN$90,500 in November 2012. The loans remain unsecured, due on demand and interest-free.
21 Dec 2012material agreement● NeutralMajor
On December 20, 2012 the company agreed with Tonaquint that paying $2,130,048.92 by March 31, 2013 settles all obligations under its convertible note. Tonaquint will not convert or enforce until then; the deal is cancelled if payment is missed, and mutual releases are agreed. This is the largest of the lender payoffs and the filing does not say how it will be funded.
14 Dec 2012material agreement▲ GoodMajor
On December 13, 2012 the company agreed with JMJ Financial that paying $194,083.65 by March 31, 2013 settles all obligations under its convertible notes. JMJ will not convert shares or enforce remedies until then, and the parties agreed mutual releases. The filing does not say what happens if payment is missed or how it will be funded.
7 Dec 2012material agreement▲ GoodMajor
On December 6, 2012 the company agreed with lender GEL Properties, LLC that paying $271,500 settles everything owed under its convertible notes. The deadline is the earlier of a sale or merger of the company or March 31, 2013. Until then GEL will not convert or enforce, and the deal is cancelled if payment is missed; mutual releases are agreed. This follows the same pattern as the Asher deal and the filing does not say how the payment will be funded.
30 Nov 2012material agreement▲ Good
On November 29, 2012 the company agreed with Asher Enterprises, Inc., holder of its convertible notes, that paying $93,500 by March 31, 2013 will settle everything owed under those notes and related agreements. Until then Asher will not exercise conversion or other remedies, and mutual releases take effect once it is paid. If the payment is not made by then, the agreement is cancelled. Paying would remove a discount-conversion lender, though the filing does not say how the company will fund the payment.
27 Nov 2012financial restatement▼ BadMajor
On November 20, 2012 the auditor SF Partnership told the company that its annual statements for 2011 and 2010 and its interim statements for the first and second quarters of 2012 and 2011 can no longer be relied on. The auditor said certain notes receivable, convertible notes payable and related financing and interest items were recorded before the agreements were actually signed. The financial impact is still under investigation, and the audit committee agreed the statements cannot be relied on. This is a third restatement after those in 2007, and it covers the period of the Tonaquint and JMJ financings.
26 Nov 2012material agreement● Neutral
On November 19, 2012 the board approved, by resolution and without a written agreement, a loan facility with Travellers International Inc., a company controlled by CEO Marc Hazout, covering past loans and possible future ones. Loans are unsecured, due on demand and interest-free, and the board can stop approving new ones at any time. As of November 23, 2012 the net amount outstanding was CDN$90,500 (about US$91,166), with advances starting August 15, 2012. This shows the company borrowing small amounts from its CEO's company.
15 Aug 2012drilling result▲ Good
On August 15, 2012 the company issued a press release titled 'Silver Dragon Discovers 1.3 meters of 1,715 g/t Silver, 9.6% Lead and 1.73% Zinc at Dadi, Reports Progress at Aobaotugounao'. The 8-K only attaches the release and gives no other detail. It continues the series of Dadi results.
14 Aug 2012quarterly activities report▼ Bad
Silver Dragon Resources Inc. reported a quarterly net loss of $1.3 million for the period ended 2012-06-30.
5 July 2012drilling result▲ Good
On July 5, 2012 the company issued a press release titled 'Silver Dragon discovers 1.5 meters of 732 g/t Silver, 3.28% Lead and 9.56% Zinc at Dadi, Reports Progress at Aobaotugounao'. The 8-K only attaches the release, so no further detail is in this filing. The company's address is now 200 Davenport Road, Toronto.
16 May 2012drilling result▲ Good
On May 16, 2012 the company issued a press release titled 'Silver Dragon discovers 254 g/t Silver, 1.04% Lead and 3.36% Zinc at its Dadi Silver-Polymetallic Project'. The 8-K only attaches the release, so the hole, interval and context are not in this filing.
15 May 2012quarterly activities report▼ Bad
Silver Dragon Resources Inc. reported a quarterly net loss of $1.5 million for the period ended 2012-03-31.
4 May 2012substantial holder notice● Neutral
John M. Fife reported a Silver Dragon Resources Inc. shareholding of 16,513,506 shares (9.00% of votes) in a periodic institutional filing.
29 Mar 2012director interest notice● Neutral
Silver Dragon Resources Inc. director Charles L Mcalpine received a stock option grant for 300,000 shares.
29 Mar 2012director interest notice● Neutral
Silver Dragon Resources Inc. VP Investor Relations Alessandro Motta received a stock option grant for 200,000 shares.
29 Mar 2012director interest notice● Neutral
Silver Dragon Resources Inc. Chief Financial Officer Jeffrey D. Sherman received a stock option grant for 200,000 shares.
29 Mar 2012director interest notice● Neutral
Silver Dragon Resources Inc. director Guoqiang Hao received a stock option grant for 300,000 shares.
16 Dec 2011substantial holder notice● Neutral
John M. Fife disclosed a new substantial Silver Dragon Resources Inc. shareholding (9.90% of votes).
1 Dec 2011director interest notice● Neutral
Silver Dragon Resources Inc. director Manuel Chan bought 100,000 shares on the open market at $0.07.
8 Nov 2011quarterly activities report▼ Bad
Silver Dragon Resources Inc. reported a quarterly net loss of $1.1 million for the period ended 2011-09-30.
13 Sept 2011director interest notice● Neutral
Guoqiang Hao became a Silver Dragon Resources Inc. director and company insider (initial ownership filing).
13 Sept 2011director interest notice● Neutral
Roderick Glen Macmullin became a Silver Dragon Resources Inc. director and company insider (initial ownership filing).
13 Sept 2011director interest notice● Neutral
Roderick Glen Macmullin became a Silver Dragon Resources Inc. director and company insider (initial ownership filing).
