0001072613-15-000108.txt : 20150212 0001072613-15-000108.hdr.sgml : 20150212 20150212153454 ACCESSION NUMBER: 0001072613-15-000108 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150212 DATE AS OF CHANGE: 20150212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Standard Metals Processing, Inc. CENTRAL INDEX KEY: 0000773717 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 840991764 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85008 FILM NUMBER: 15605673 BUSINESS ADDRESS: STREET 1: 611 WALNUT STREET CITY: GADSDEN STATE: AL ZIP: 35901 BUSINESS PHONE: 8889607347 MAIL ADDRESS: STREET 1: 611 WALNUT STREET CITY: GADSDEN STATE: AL ZIP: 35901 FORMER COMPANY: FORMER CONFORMED NAME: Standard Gold Holdings, Inc. DATE OF NAME CHANGE: 20130305 FORMER COMPANY: FORMER CONFORMED NAME: Standard Gold DATE OF NAME CHANGE: 20100113 FORMER COMPANY: FORMER CONFORMED NAME: PRINCETON ACQUISITIONS INC DATE OF NAME CHANGE: 19850802 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ASHFORD CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0000897070 IRS NUMBER: 510243208 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 WALKER'S MILL ROAD CITY: WILMINGTON STATE: DE ZIP: 19807 BUSINESS PHONE: 3026551750 MAIL ADDRESS: STREET 1: 1 WALKER'S MILL ROAD CITY: WILMINGTON STATE: DE ZIP: 19807 SC 13G/A 1 standard13g_17759.htm STANDARD METALS PROCESSING standard13g_17759.htm
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G/A
 
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 

 
Standard Metals Processing, Inc.
(Name of Issuer)


  Common Stock, $0.001 Par Value Per Share  
(Title of Class of Securities)


           853616100         
(CUSIP Number)
 
 
                        December 31, 2014                       
(Date of Event Which Requires Filing of this Statement)


 
 
 
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
x          Rule 13d-1(b)
 
o           Rule 13d-1(c)
 
o           Rule 13d-1(d)
 
 
 
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 
 
    CUSIP No.  853616100
Schedule 13G/A
Page 2 of 5 Pages
 
1
NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
 
Ashford Capital Management, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) o
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
 
NUMBER OF
5
SOLE VOTING POWER
 
10,245,000 shares
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
0
EACH
REPORTING
PERSON
7
SOLE DISPOSITIVE POWER
 
10,245,000 shares
WITH
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
10,245,000 shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
9.92%
12
TYPE OF REPORTING PERSON*
 
IA
 
 
 
 
 
    CUSIP No. 853616100
Schedule 13G/A
Page 3 of 5 Pages
 
Item 1.
 
 
(a)
Name of Issuer:
 
 
Standard Metals Processing, Inc.
 
 
(b)
Address of Issuer’s Principal Executive Offices:
 
 
 
611 Walnut Street, Gadsden, AL 35901
 
 
Item 2.
 
 
(a) 
Name of Person Filing:
 
Ashford Capital Management, Inc.
 
 
(b) 
Address of Principal Business Office or, if none, Residence:
 
One Walker’s Mill Road, Wilmington, DE 19807
 
 
(c)
Citizenship:     A Delaware Corporation
 
 
(d)
Title of Class of Securities:             Common Stock, $0.001 Par Value Per Share
 
 
(e) 
CUSIP Number:                                 853616100
                                
 
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
o
 Broker or dealer registered under section 15 of the Act
 
(b)
o
 Bank as defined in section 3(a)(6) of the Act
 
(c)
o
 Insurance company as defined in section 3(a)(19) of the Act
 
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940
 
(e)
x
An investment adviser in accordance with §240.13d-1(b)(1(ii)(E)
 
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F)
 
(g)
o
A parent holding company or control person  in accordance with §240.13d-1(b)(1)(ii)(G)
 
(h)
o
A savings association as defined in section 3(b) of the Federal Deposit Insurance Act
 
(i)
o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940
 
(j)
o
Group, in accordance with §240.13d-1(b)-1(ii)(J)

 
Item 4.                      Ownership
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
                                (a)           Amount Beneficially Owned:                      10,245,000 shares
 
(b)           Percent of Class:                                            9.92%
 
The foregoing percentage is calculated based on 103,285,603 shares of Common Stock reported to be outstanding as of November 13, 2014 in the Issuer’s September 30, 2014 Quarterly Report filed on Form 10-Q.
 
 
 
 
    CUSIP No. 853616100
Schedule 13G/A
Page 4 of 5 Pages
 
 
 
 
(c)          Number of shares as to which such person has:
 
(i)  Sole power to vote or to direct the vote:                                        10,245,000 shares
 
(ii)  Shared power to vote or to direct the vote:                                   0 shares
 
(iii) Sole power to dispose or to direct the disposition of:                10,245,000 shares
 
(iv)  Shared power to dispose or to direct the disposition of:           0 shares
 

Item 5.                      Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.        N/A  
 
 
Item 6.                      Ownership of More than Five Percent on Behalf of Another Person

The shares reported by the Reporting Person, a registered investment advisor, are held in separate individual client accounts and three separate limited partnerships.
 
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

N/A

 
Item 8.                       Identification and Classification of Members of the Group

N/A

 
Item 9.                       Notice of Dissolution of Group

N/A

 
Item 10.                    Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
    CUSIP No. 853616100
Schedule 13G/A
Page 5 of 5 Pages
 
 
 

SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:          February 12, 2015
 
 
 

ASHFORD CAPITAL MANAGEMENT, INC.


By:          /s/  Anthony M. Petrucci                                     
   Anthony M. Petrucci
                 Chief Financial Officer and Chief Compliance Officer