Sterling Mining Company (SRLM) has lost the asset that made it famous and made it an attractive investment for many people. The company has finally run out of places to hide and has taken almost all of it's investors for a terrible ride.
With the stock trading for around 3 pennies, it is looking highly probable that Sterling Mining will end up completely bankrupt and without any value for its shareholders. This company was very mismanaged and lost a lot of money for a lot of people.
I am one of those people. Although I hold my shares in certificate form, they really are not worth much more than the toilet paper that I wipe with.
More information here:
http://sev.prnewswire.com/mining-metals/20090223/NY7392523022009-1.html
http://www.proactiveinvestors.com/companies/news/1003/minco-silver-forecloses-on-sterling-mining--1003.html
