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wow. Sad, there really is gold grains/sand on the Pampana River.
They could of just started small - simple sluices and found the best deposits. Seems so obvious -- what gives?
Too bad.
The stock is shown as delisted now. I wonder why St. George Holding, John Fife, etc. took a promissory note against shares of a company they cannot trade? Seem St. George Holdings out of Chicago has a list of worthless stocks. One can only think they must see value in the shell corp. since this has no tradeable value at this point and shares are worthless. Sorry Bali, but even you should realize this by now.
zero volume? Go, go, go, go, go SNEY!!!!
Almost empty shell filled with water and debt .. go ..
Almost empty shell full of water and debt?
Anyone seen a diamond around? Anyone?
Go diamonds, go SNEY ... I was NOT the mega millions/powerball winner. Go figure -- is there justice in this world?
i got mine: 1 mega million lottery ticket. Go SNEY -- almost empty shell.
Do i see $BILLIONS in my future?
Maybe they will find a 60 karat diamond worth $3 million dollars or maybe I will win the MegaPowerBall tonight.
Only fools believe in this scam. A. These guys claimed they found gold and diamonds, but did anyone see a dime off of this? Did any of it show up in earnings or was it bartered or sold on the black market and stolen from shareholders? Thing is if they claim all these diamond and gold finds and nothing ever shows in the financials then they really did not exist. The reason they won't file is they have to sign the financials and once they do they open themselves up for fraud and jail time. They decided just to fade away.
Almost empty shell filled with water and debt. Anyone seen a diamond or a few good gold flakes? Almost empty shell filled with water and debt.
Alan Tree designed those dredges and has 35 + years (now 43 years) experience - and Brian brought him on board in 2010 - this is old and it doesn’t matter don’t believe he’s been working with Sunergy last few years to my knowledge, and who knows who is but maybe they don’t know how to use the equipment or maybe the equipment been breaking down too often who knows - as the filing did say they had to relocate and repair -
Dredges looks like what are used on illinois river in Oregon if you google images or articles and they seem to be what is used for small not too wide not too deep rivers these days
What matters is that there are a few too many issues that need to be resolved - only positive thing is that the filing does state what some of the issues are or have been but the downer is that they don’t seem to have a plan at this time to address the issues just - “we hope” and I say this because usually it seems that when GH is excited about things and confident he speaks of that in his writing and he didn’t do that - nope no mention of how or what they may do to address the cumulating debt just we hope ...
Maybe he should get Alan Trees as he has the expertise needed for the river dredging
Do a little DD on the river and type of gold found there....using a few crappy portable river dredges should give you a clue on why even if this wasn't a scam play, they are not profitable....
A hilarious moment I recall were people expecting the company to get rich off the REEs found in the black sands......lmao
Now all the people who are working with the company appear to be reputable and so do not agree w scuba doo but regardless the problem may be they just aren’t able to produce profit margins above costs for
a variety of reasons weather, location or political @&!#% stuff or lack of skilled miners
There was all the pr that they were doing well and undervalued and profitable going forward sept 2015 ... and now to state that management needs to loan and has been loaning large sums just states the opposite of prior press releases in 2015 or 2016 - either you are or you aren’t profitable and if not than ok your mining but not in the right place or the right way or the right stuff or with the right equipment or the right skills or something else
It appears that if not able to produce positive cash flow there will likely be no filings for some time and like filing said management hopes to be able to covers costs -
All they wanted was cheap money to fund operations. There are miles away from any observation and can black market and pocket everything they find. They are nothing but crooks and will never get current, unless they could sell the shell. Most likely they will start another scam up promising the moon to unsuspecting folks.
Here's what i don't understand. There is most definitely gold on the Pampana River banks. The dead cheap method to find a gold deposit is to use a pan and find gold on the banks or the bends in the river. Find the 5 most promising areas with a pans. [cost to do this $200].
Start out with 5 cheap water sluices and recover gold starting from the 5 best locations. Add more cheap sluices to the 3 best locations [cost to do all the above $3000]
Begin earning revs/profits for 6 months of the year. Add more cheap sluices on the best gold bearing locations.
Add a small small front loader; add expensive sluices and icon centrifuges and gas generators.
Repeat above and grow bigger and pay the country mining fee.
Find best gold bearing locations using a simple hand pans and use cheap simple water sluices. Once good gold bearing locations found use small small front loaders and expensive sluices and icon centrifuges and gas generators.
Once rev/profits accumulating, do 200 to 1 reverse split on shares.
Well if they wanted to make something up than they should have made up something more positive -
No meat to this filing to get excited about ? And eventually an audit will have to come ? and there will have to be proof of the claims - and the claims are not worth jumping up and down about - co been in business too many years now to be claiming now after no word for few years that they hope production will be more ...
No one is gonna follow the rabbit down this whole they are presenting - but maybe that’s the idea
Why would they create or acquire non profitable subsidiaries - where’s the updates ?
"in addition Sunergy, Inc. would incur substantial additional debt related to the auditing cost whichwould be incurred for bringing all past quarters and annual filings up-to-date."
A convenient excuse not to produce audited filings.......
Wonder if gains from this 2017 and 2018 production will be good for company in any way if loans getting paid back first what will there be for other production costs going forward for 2019 ?? Notta, zip, zero ?
I would consider most if not all of that filing as fiction
Yes your right lots of debt not a big deal if revenue stream was greater tho but sounds like from filing mgmt is keeping it a float ( and why do this if there is no belief that they are able to get reimbursed and on what terms )? It would appear as Hale said in filing loans are loans and not funding through restricted shares - or toxic debt
Wonder if gains from this 2017 and 2018 production will be good for company in any way if loans getting paid back first what will there be for other production costs going forward for 2019 ?? Notta, zip, zero ?
If we have to get loans to continue and fund projects that are not profitable (exceeding costs), does it really make sense to continue the business in the long run ? And why can’t management provide an update on anything like any of the subsidiaries in any way ?
Of course should just get used to this as all otc companies seem to be quite for long periods (accept when trying to sell shares) or at least most .... only the otcqx seem to be transparent or those trying to boost interest and share sales - guess that’s not happening here anymore
Almost empty shell with debt and more debt and more debt; almost empty shell filling up with water and debt. Are there any commercially viable diamonds at the bottom of the almost empty shell filled with water and debt?
Wow Bali, they are still kind of alive. Thx.
So, they have no had the money to file in 3 years and doing everything off the books so you have no idea if they are really working and what if anything they have found. Some how you trust these guys to do the right thing and get current on their filings after 3 years? If so, you are as thick as a brick!
SunergyInc. continues to retain the accumulating debt, as reported in the third quarter 2015 10Q filing, with exception of settling thirdparty institutional lending, in addition Sunergy, Inc. would incur substantial additional debt related to the auditing cost whichwould be incurred for bringing all past quarters and annual filings up-to-date.
Sincethe last quarterly filings/Annual filings, 2015, Sunergy has not had cash flow or funding available for continued operations ormining Consulting. Garrett Hale, CEO and President of Sunergy Inc, has continued to loan Sunergy the funds to deploy, relocate,repair and operate Diamond exploration equipment, under a management for profit agreement, and to oversee and fund local laborto procure current gravel in Sierra Leone, that show to be diamond-producing, but to date not yet of sufficient value to covercosts of operations. Garrett Hale has already funded operations moving forward, sufficient to continue washing the remaining halfof accumulated gravels for the next two to three weeks. This will complete washing the gravels obtained from the exploration workwhich began March 2018 and was continued from exploration in 2017.We can only speculate that, based on current findings, therewill continue to be Diamond production from the gravels, without knowing the actual values ahead. We are hopeful that the gravelswill become more productive and potentially cover the current management costs to date. In addition to substantial prior loans,Garrett Hale has lent Sunergy, Inc. in excess of $180,000, since beginning of management of the current Sierra Leone project in 2017.
Just remember if you want to be part of the Scuba Steve Club you have to be smart and not buy scam stocks like SNEY.
You all are brain dead and delusional. Stay away from drugs!
Me too Bali, I got mine !
Betting he’s jealous as he seems like such an angry elf
Been a while. I got mine
I still have hope.
I will believe it when I see it. The only reason I can see these guys get current (if that is even possible) is because someone wants a shell that they think they can use. If these guys ever did find anything they kept the money and pocketed it or bartered it for goods.
An audit NEVER was going to happen for SNEY. Delinquent filing meaning not filing UNAUDITED is what happened here.
CAVEAT EMPTOR status is there now as well which was NOT. A clear-cut tag as a result of FALSE AND MISLEADING press releases over and over and over and over again.
Audit status - Yes
This information is located within Financial tab for SNEY ticker in ihub - to view this info click on small chart to right of this comment and see Financial link at top of page.
If auditor does not have proof of income provided than they will not sign off on the audit and Sunergy will not be able to complete an updated filing with the sec and they will not trade again and you can say I told you so to all the 124+ shareholders and even Hedgefund manager holding 9.99% of O/S that he manages for investors ... and it will all be just as you said ... and have been saying over and over and over and over and over and over and over and over and over and over and over again
And until the day that this is revoked .... Just gonna have a little prayer that the audit proves otherwise
With our luck audit if and when completed will not be anytime soon so see ya
Got your long overdue SUSPENSION and CAVEAT EMPTOR.
Looks bad?? It is more than looks bad. It was OBVIOUS all along this was a fraud operation and long since has went defunct.
Why? To not file showing the unaudited accounting tricks to pose notes as revenue from packages ponzi scheme and go completely illegal by lying in SEC filings.
The Caveat Emptor status is new as well which FINALLY tags it as FALSE ADVERTISING POS we knew it was all along.
Auditor: Anton & Chia LLP
Auditor Address: 3501 Jamboree Rd., STE 540. Newport Beach, CA 92660. United States
Auditor Website: http://www.ancsecservices.com
IR Firm: N/A
Legal Counsel: N/A
Fiscal Year End: 12/31
Reporting Status: SEC Reporting
Bankrupt: No
Shell: No
Audit Status: Yes
The above information is located within Financial tab for SNEY ticker in ihub - to view this info click on small chart to right of this comment and see Financial link at top of page.
?? Guess we’ll just have to wait and see.
No money to file and if ever they were audited they would find out this was a scam and fraud
Looks bad, I agree. Maybe just what was needed -
Perhaps this will spur the filings that are over due.
Auditor: Anton & Chia LLP
Auditor Address: 3501 Jamboree Rd., STE 540. Newport Beach, CA 92660 United States
Auditor Website: http://www.ancsecservices.com
IR Firm: N/A
Legal Counsel: N/A
Fiscal Year End: 12/31
Reporting Status: SEC Reporting
Bankrupt: No
Shell: No
Audit Status: Yes
The above information is located within Financial tab for SNEY ticker in ihub - to view this info click on small chart to right of this comment and see Financial link at top of page.
Yeah, there is your change. SUSPENSION.
Hope they add charges on Parent and dredgemaster fraud.
What a SCAM this WAS.
SNEY SEC Suspension for severely delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2018/34-84105.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-84105-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2018/34-84104.pdf
SNEY suspended by the SEC;
https://www.sec.gov/litigation/suspensions/2018/34-84105.pdf
Good luck
Missing your words of wisdom! Changes are on the horizon ;) JMHO
Missing your words of wisdom! Changes are on the horizon ;) JMHO
It could happen ... and it has and may happen again ...
I Gotta feeling
Yes they do and it has progressed ....
NYC they’ll be coming around the mountain when SNEY reports soon possibly ;)
Filings, they be a coming ....
Happy trails
Awesome yes and it could be awesome as so many changes ... did you see .... hhh eeedddgggeeee choo
Good to see updates soon? Good to see good ol Mr G.
Maybe really Good ?
Where you been jerseyboy ?
9th birthday ?? will be here soon!
Weeeeee SNEY !!!!
SNEY == Bali's folly & mine also. But I finally got out.
Do empty shells fill up with RAIN WATER? Empty shell enjoy the rain and drink it up. Brim with rain water empty shell.
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SUNERGY, Inc., a Nevada corporation (OTCQB:SNEY) is a publicly listed and traded, production oriented, junior mining company headquartered in Scottsdale, Arizona, USA that is production oriented at the earliest possible profitable opportunity and has an appetite to grow by profitable acquisition. It is engaged in the evaluation, acquisition, exploration, planned operation and advancement to production of largely alluvial gold/rare earth elements and diamond recovery projects in Ghana, Sierra Leone and Liberia West Africa. This year marks the beginning of our Cash Flow Operations as the Operating season is just about to get underway.
Company Management has dramatically changed its operating plan from an exploration model to a cash flow driven operation. Operating under exploration licenses requires money to be spent without the opportunity to sell products recovered in the exploration phase. A distinct lack of exploration funding industry wide coupled with investor interest being more focused on cash flow today than sometime in the future has encouraged Management to adopt this change. Accordingly, we have entered into support agreements in both Sierra Leone and nearby Liberia to combine our equipment and operating expertise with local artisanal miners to assist in the rapid development of otherwise hand driven operations only. Two benefits occur immediately, one for the local miners who gain support on the recovery of their discovered gold and diamonds, and one for our Company, having the exploration phase already completed and gaining the opportunity to continue operations in already proven lands and rivers which are capable of producing economic quantities of Diamonds and Gold. Management believes this enables the company to enter into immediate and sustainable cash flow which is accretive to shareholder prosperity.
Sunergy President and CEO, Garrett Hale says: “We now believe that we have established business relations that allow us to be profitable going forward. This will reward our current shareholders and attract future shareholders to our company’s operating strategy. We have deployed our two newly purchased Keene dredges In Liberia and have been running daily operations to locate our defined area to concentrate our efforts. At the experts hands of our local associates, we believe we are finally at the right place with the right equipment and support to put Sunergy in forward motion with real production. We are proud of our entire team on the ground and the solid relationships we have formed within each country.
Our Large Wash Plant project and new developments in Sierra Leone are in current negotiation and process with the NMA, as required by local law. We are pleased to have full cooperation moving forward under their guidance.
Market Value1 | $2,056,055 | a/o Jan 13, 2014 |
Shares Outstanding | 2,056,055,314 | a/o Sep 30, 2013 |
Float | Not Available | |
Authorized Shares | 3,750,000,000 | a/o Aug 17, 2010 |
Par Value | 0.001 |
Shareholders of Record | 124 | a/o Jul 02, 2012 |
Ex. Date | Record Date | Pay Date |
---|
|
Short Interest | 209,000 (54.47%) Dec 31, 2013 |
Significant Failures to Deliver | No |
ClearTrust, LLC |
Our management team including our Directors, Advisory Board members and on ground management teams have more than 150 years of mining industry experience with junior and mid-tier companies involved in exploration, development and production of precious metals worldwide.
He is a successful business owner, entrepreneur and investor in start-up companies, who also played a major role in the initial financing of Allied Mining, now our wholly owned subsidiary in Sierra Leone. Mr. Hale will assist in company financing, investor relations and will assist in operations and humanitarian activities in support of the people of Sierra Leone.
Larry Max Bigler has lived in Reno, Nevada for the past 25 years and has over 30 years of mining experience. Mr. Bigler is a practicing Certified Public Accountant with many mining clients, retail, rental and individual clients. Mr. Bigler is currently a director and chairman of the Audit Committee for General Metals (GNMT). He formerly was CFO, Vice President, and Director for Oro Nevada Resources and was instrumental in raising C$ 40 million from an initial public offering. From 1987 until 1992 he was Treasurer and Controller for Getchell Gold (formerly First Miss Gold) where he completed an initial public offering and a gold loan (150,000 oz AU). He has degrees in economics and accounting and has published many articles on mining financial issues.
David Price (aka "Dredgemaster"), Director of Alluvial Mining in Sierra Leone and Liberia
Dredge has over 40 years' experience in the Mechanical Handling and Mining Industry, mostly in Africa. In his position as Country Director he was responsible for Security, Safety, Health, Environment, and Training and holds recognized qualifications, SITO, Security Industry Training Organization of which he is a Teacher of Teachers. Dredge was one of those responsible for the training of PAE staff prior to their relocation to Liberia from Sierra Leone. He is qualified to Train Instructors. RTITB, Road Transport Industrial Training Board of which he is an Instructor/Examiner on Industrial Mechanical Handling Equipment and able to deliver courses and provide training and issue recognized certificates. Dredge is a hands on Miner and is commonly known as "The Dredgemaster" and has been in and out of Sierra Leone and Liberia since 1974 and spent most of the past 10 years in Sierra Leone on the Pampana, Sewa, Moa, rivers, as well as the Lofa in Liberia, to name a few. His commitment to training local people in advanced mining techniques has proved profitable for the companies that he has worked with. His contacts are numerous and he enjoys a good reputation. Dredge is a Mechanical Handling Engineer by training with extensive experience in the Granite, Gold and Diamond sectors. He can and will repair all mining equipment and will train others in order to pass that knowledge on to local people. Dredge has worked with several of the large mining companies in Sierra Leone involved in Granite, Gold, Diamonds and Iron Ore as an Independent consultant. He also is a master dredge operator.
CPG, PG, EurGeol, FSEG, Director Sunergy, West African Operation Manager He has 31 years with US Department of Energy (DOE)- headed up famous Yucca Mountain Nuclear Waste Project outside Las Vegas, NV. Worked for Ghana Geologic Survey. Now resides in Ghana with his wife for six months or more each year which offers hands on management of Company projects. He enjoys substantial business and geological contacts in Ghana.
With over 30 years of successful international business experience, Mr. Houck brings a wealth of leadership and management experience as the former Vice President of Sales and Marketing of Makita Power Tools, North America, where he led a sales team of over 200 people which grew the business from $90 MM to $500MM in annual sales. He also was founder and President of Chicago based, MSA LLC. His experience includes international business connections in the USA, Europe, China, Taiwan and Australia. With extensive participation on company boards, he brings an in depth understanding of strategic planning and successful business development. Sunergy looks to Gary for leadership in investor development and operational oversight.
Former Chairman of the Board Over 40 years of experience in the mining industry; including 28 years with Cyprus Amax Minerals Registered Mining and Engineering Geologist working as an Independent Consultant past Chairman of the Board of Governors of the Arizona Department of Mines and Mineral Resources.
B.A.SC. (Metallurgy and Materials Science), P. Eng. Mr. Salari is a metallurgical engineer with over 30 years experience in the mining and metallurgical industry. He is currently President of DENM Ltd., since its inception in 2004, an engineering company that specializes in project management, construction management, and commissioning of small to medium scale mining projects in precious and base metals and industrial minerals. Recent D.E.N.M. projects have taken Mr. Salari across Canada, the USA, Mexico, Brazil, Argentina, Australia and Venezuela. He is a member of the Professional Engineers Association of Ontario, Nova Scotia, and Manitoba and he meets the requirements as a "QP" (Qualified Person) as set out in Canadian National Instrument 43-101, based on education, experience, independence, and affiliation with a professional association. He is also the designated lead engineer under the Professional Engineers Ontario-Certificate of Authorization for D.E.N.M. Ltd.
Mr.an is an Educator and College President with over 50 years of experience in institutional development. He is recognized as a "turn around" expert in higher education, with strength in strategic planning, fundraising, board development, governance, assessment, enrollment management and marketing. Mr. Hoffman has also been involved in charitable foundation development and funding and is keen to establish a foundation to provide assistance in support of the people of Sierra Leone.
President, RMS Ross Corporation, Chilliwack, BC, Canada
With over 30 years in the mining equipment and mineral processing business, RMS has the capability to coordinate complete engineered solutions for each mining project, to provide the opportunity to the funders and mine owners of receiving the complete recovery plant solution for their unique and often complex ore situation. By incorporating the diverse, advanced, innovative technologies for both analysis and recovery that has been developed by each of RMS' key global strategic partners, RMS can now provide high level integrated mining solutions for mining projects in complex ore types and advance the field in recovery and separation in Precious Metals, Rare Earth Metals, Critical and Technology Metals.
Chief Negotiator, Investor Relations
Over 30 years of experience in the mining industry responsible for two mines put into production. Managed the exploration, development and production of junior public mining companies. Founder of General Metals Corporation currently putting gold and silver mine in production in Battle Mountain, Nevada and founded GoldSpring, Inc, now Comstock Mining, who operates the Plum Mine in Virginia City, NV.
http://www.dredgingtoday.com/wp-content/plugins/Viva-ThumbZoom/lib/v-zoom/graphics/zoomin.cur), pointer; color: rgb(8, 84, 199); background-position: initial initial; background-repeat: initial initial;" href="http://www.dredgingtoday.com/wp-content/uploads/2011/03/Three-Dredgers-and-Operating-Equipment-Arrives-in-Freetown.jpg"; rel="nofollow">
Sunergy, Inc today announces that the container with the 3 dredges and operating equipment has arrived in Freetown, Sierra Leone. This now sets the stage for operations to commence on the Company's 140 sq. km. Pampana River Project once the shipment clears customs and is moved to the site. Company operations personnel have been on the ground for several weeks preparing for deployment of the equipment. Dredge operations will begin once the dredges are assembled and located in their preselected locations on the Pampana River.
The dredges, designed by Alan Trees of Dredge Builders Warehouse of Riggins, Idaho, have been custom built to capture the gold, diamonds and heavy black sands which contain the rare earths (REEs). Each dredge is capable to process and handle 50-60 tons/hour of productive mineral laden gravels. A video showing an operating dredge and a discussion of how it operates is available on the Company's website www.sunergygold.com
In a letter to Sunergy dated February 14, 2011, Scott Plummer of RMS Ross In Chilliwack, BC, Canada discusses the January 2011 test results from Inspectorate Exploration and Mining Services Ltd. and compares the June 2010 testing as follows: "The initial ALS Chemex test work was conducted on the black sand concentrate samples that were recovered from locations throughout your Pampana concessions. These results revealed a strong presence of valuable rare earth metals and other related metals that carry significant value and are quite rare. See Press Release dated December 7, 2010.
"It was therefore proposed that a second series of mineralogical tests be conducted that were considerably more expansive than the preliminary tests, and that they be conducted at Inspectorate Exploration and Mining Services Ltd, in their Analytical Division in Richmond, British Columbia, Canada. This was decided, since it was known that they had purchased state of the art analytical equipment that would be able to determine very accurately the complete range of rare earth metals and other related valuable metals. This was to verify the accuracy of the previous body of analytical work at ALS Chemex and would reveal a more complete range of metals of value in the Pampana River black sand samples.
"What was found in the second body of test work verified the initial work as being credible, and was able to demonstrate additional values. The large increase in the estimated average value of metals per ton was due to both the expanded range of metals tested for, some more accurate test work that was conducted, and also directly relates to the considerable increase in rare earth metal values over the last year. Together, they account for the increase from $3395.00 per ton of black sand in the June 2010 tests to $8421.00 in the January 2011 test results."
The Company is also pleased to announce that Financials are being reviewed for filing in the near term. These contain the 2009 10K and 2010 10Q's for quarters 1,2 and 3. Once signed off by the Company's Auditors and filed and accepted with the SEC, the Company will have fully satisfied its reporting requirements and the Caveat Emptor status should be removed. The 10K for 2010 is also being prepared but is not due for filing until March 31, 2011. Virtually all the information contained in the2009 10K and 2010 10Q's will be reported in the 2010 10K as well. Once all filings are complete, the Company intends to re-apply to list on the OTCBB and is committed to maintain a fully reporting status to insure a higher level of transparency.
The Company urges investors to visit www.sunergygold.com to study the Projects, Corporate Reports and any other due diligence they require before investing in the Company's stock. An informative Dredge video is also available on the site. Investors are also cautioned that message boards are not places that have any official corporate information and should not be relied upon as a source of due diligence, but rather are places where opinions, often colored with agendas are published.
About Sunergy:
The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license in Ghana, West Africa and the 140.1 sq. km. Pampana River Rare Earth, Gold and Diamond concession in Sierra Leone, West Africa. We are focused on near term production of these properties this season. We are production and acquisition oriented and are considering several additional projects suitable for near term production in West Africa.
Source: sunergygold, March 17, 2011
Pinksheet Information: http://www.otcmarkets.com/stock/SNEY/financials
Power point investor presentation with $20,000,000-$30,000,000 US near term revenue projections: http://www.sunergygold.com/sney_powerpoint.pdf
Appreciation letter from local government where concessions are located: http://www.alliedminingandsupply.com/pdf_files/news_appreciation_of_development.pdf
Another letter of support from a local government representative: http://www.alliedminingandsupply.com/pdf_files/news_letter_from_MP.pdf
License approval letter from the Sierra Leone government: http://www.sunergygold.com/AMS_License_Letter.pdf
Artisan Miners recovering gold using primitive hand methods. Usual rate of recovery about 30% (approximately 15 ounces per day), which leaves 60+% for wash plant recovery operations.
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We have recently concluded the acquisition of 100% of Allied Mining and Supply, LLC ("Allied") which owns a 140 sq.km. mining concession on Sierra Leone's Pampana river, Sierra Leone, licensed in 2009. Allied is engaged in the exploration and development of prime alluvial gold, rare earths and diamond properties and it has business and export licenses for Sierra Leone. It is exploring, dredging and bulk sampling in a number of areas within its concession territory.
Sunergy's three 8" dredges arrived in Sierra Leone in early 2011. The first dredge was deployed on the Pampana River April 15, 2011, and operations began on April 16, 2011. Currently the company is focusing on production volume. With onsite modification to the dredges, the Company has decided to allow the free and visible gold fall to the sump, along with the Black Sands, and be pumped to shore for future processing at a secure location.
As of May 17, 2011, the primary dredging location was producing appoximately 1.5gr of visible gold per ton of feed. The Compnay has made another onsite decision to deploy two dredges operating in tandem. From Dale Bourassa, Ops Manager in Sierra Leone: "We have prospected several different sites and because of the logistics of working the river at this particular time of the year, we are deploying two dredges in tandem. This method allows for more efficient management and the added benefit is we can get to the paying gravels much quicker increasing the production of valuable gold and black sands".
On June 2, 2011, the company announced the purchase of processing equipment for the concentrates recovered through dredging. When the new equipment arrives onsite in Sierra Leone the company will be able to further refine its gold bearing concentrates.
On June 14, 2011, the company released a dredging video via YouTube. This video shows actual on-site dredging in SL. While the video was uploaded June 14, the content is from Day 2 and after. The video can be viewed here: http://www.youtube.com/watch?v=Vgfgpxuqac8&feature=uploademail
More information is available in press releases from the Company.
For more information on the dredges please visit http://www.sunergygold.com/ and watch the video on the homepage.
We own outright the 150 sq.km. Nyinahin mining concession in Ghana, with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Offin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Offin river is known for good alluvial gold production.
Sunergy owns a 100% interest in Mikite Gold Resources ("Mikite"), a Ghanaian corporation with exclusive exploration rights to the Nyinahin Mining Concession near Bibiani, Ghana. The Mineral rights are for gold, diamonds and base metals. The 150 sq.km. Nyinahin mining concession is located in the Kumasi Basin between two identified geological gold belts, the Sefwi-Bibiani Belt to the west and the Asankrangwa Belt to the east. The property shares borders with several major mining companies, including Newmont Mining, Napoli Gold and Dunkwa Continental Goldfields. The district is home to the famous Anglo Gold-Ashanti's Ashanti Obuasi Mines and is one of the most active gold exploration areas in the world. www.sunergygold.com/projects/ALLUVIALGOLDMINING.pdf
SUNERGY INC
14362 N. FRANK LLOYD WRIGHT BLVD | SCOTTSDALE AZ 85260
Phone: 480.477.5810 | Fax: 480.477.5811
www.sunergygold.com
OS | Date | Restricted | Date | |
1,807,227,915 | 1/8/13 | 783,720,037 | 1/8/2012 | |
1,567,282,115 | 6/22/12 | 728,552,257 | 6/22/12 | |
1,567,282,115 | 5/22/12 | 728,552,257 | 5/22/12 | |
1,559,689,258 | 4/19/12 | 720,959,400 | 4/19/12 | |
1,535,479,260 | 1/17/12 | 702,987,424 | 1/17/12 | |
1,493,586,405 | 12/8/11 | 717,694,569 | 12/8/11 | |
1,488,586,405 | 11/16/11 | 721,694,569 | 11/16/11 | |
1,456,086,405 | 10/11/11 | 690,694,569 | 10/11/11 | |
1,454,657,334 | 9/23/11 | 689,265,498 | 9/23/11 | |
Float | Date | Warrants | Date | |
1,023,507,878 | 1/8/13 | 332,967,223 | 1/8/13 | |
838,729,858 | 6/22/12 | 599,131,378 | 6/22/12 | |
838,729,858 | 5/22/12 | 599,131,378 | 5/22/12 | |
838,729,858 | 4/19/12 | 599,131,378 | 4/19/12 | |
832,491,836 | 1/17/12 | 205,471,420 | 1/17/12 | |
775,891,836 | 12/8/11 | 469,488,525 | 12/8/11 | |
766,891,836 | 11/16/11 | 574,488,525 | 11/16/11 | |
765,391,836 | 10/11/11 | 546,488,525 | 10/11/11 | |
765,391,836 | 9/23/11 | 545,059,954 | 9/23/11 |
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Click Here to view the Alluvial Gold Mining Report. (PDF)
Technical Report Mikite Gold Resources (PDF)
Mikite Report December 2009 (PDF)
SUNERGY, Inc.
Managements Plan With Budgets To Achieve Near Term Gold Production
Nyinahin Mining Concession near Bibiani, Ghana, West Africa
The Company
SUNERGY, Inc.(OTCBB: SNEY) is a fully reporting, publicly listed and traded, production oriented junior mining company engaged in the evaluation, acquisition, exploration, planned operation and advancement of gold/silver/diamond development
The Project
Nyinahin Mining Concession
Effective October 31, 2008, Sunergy completed the acquisition of 100% interest in Mikite Gold Resources ("Mikite"), a Ghanaian corporation with exclusive exploration rights to the Nyinahin Mining Concession near Bibiani, Ghana. The Mineral rights are for gold, diamonds and base metals.
The 150 square kilometer Nyinahin mining concession is located between two geological gold belts, the Bibiani Belt to the west and the Asankrangwa to the east. The property shares borders with several major mining companies, including Newmont Mining, Napoli Gold and Dunkwa Continental Goldfields. The district is home to the famous Ashanti Goldfields-Obuasi Mines and is one of the most active exploratory areas in the world.
A preliminary survey by Geodita Resources LTD, Ghana, indicates that the Nyinahin Concession has significant potential for lode gold mineralization and for recovery of alluvial gold. There are 3 major anomalous zones: Owusbukurom anomaly in the center Ntoboroso anomaly in the southeast and the Krakyekurom anomaly in the southwest. There are 4 known mineralized trends: Baaneekurom-Nyinahin, Ntoboroso, Owusukurom-Adupiri and Krakyekurom-Adupiri. The reconnaissance has also shown several abandoned surface mines that are yet to be investigated due to time and budget constraints of the current owners.
Location and Access
About 80% of the Nyinahin Concession lies to the west of the Offin River within the Ashanti Region of Ghana The property is accessed via the main Kumasi-Bibiani trunk road and is located 48km southwest of Kumsasi and 20km northwest of Bibiani. Adequate ground water appears to be available for diversion for future mining operations. Electrical power is sup[plied by the National Grid and Infrastructure facilities are available within the concession from notable towns which include Nyinahin, Akorabuokurom, Baaneekurom, Nagore and Ntoboroso.
Evidence of past exploration and mining activities exist in the form of pits and adits. There is a strong clustering of artisan pits located along the Offin River. Three old gold prospects exist on the concession. The first is located about 2.0 km SE of the village of Akorabuokurom and 3km from the village of Otaakurom, the second 1.8km SW of to the east of the concession, whilst the third is located along the south eastern boundary near the village of Owuokurom. Fragments of phyllite, greywacke and quartz are noted in the spoils of these pits.
A systematic exploration program was initiated in July 2005. The work consisted of active stream sediment sampling and geological mapping. Application to the Minerals Commission in Ghana upgraded this 150 sq. km. Nyhinahin mineral concession from a reconnaissance license to a full prospecting license.
Why Ghana
We believe the country is an attractive location due to its stability and it history (Former British Colony independent since 1957. There are favourable mining laws and recently numerous major gold producers have begun defining what we believe will become one of the world's most prolific gold belts.
The Opportunity
SNEY will begin a gold purchasing program from the artisan's already working on the concessions; coupled with an oxide mineralization exploration and development plan designed to result in oxide gold recovery through gravity/wash plant operations on concession areas. The Artisans typically recover about 30% of the available gold using crude methods by hand. Modern mechanized methods are able to recover an additional 60% at the rate of 200 tons/hour. There is good harmony in working with the locals, rather than putting them out of work.
The purchasing program from the locals will be immediately profitable with profits initially being contributed to the development of alluvial production equipment and operations..
SNEY will purchase gravity/wash plant(s) and a field smelting facility to further recovery after the Artisan hand operations recover the initial gold. Once profitable, SNEY will reserve 60% of the gold recovered .to guarantee anticipated future Gold Debenture financing for growth through acquisition of profitable targeted gold recovery operations.
Additional Oxide Gold production opportunities are available in other concessions through acquisition or Joint Venture.
Timing
Within 45 days of funding, SNEY will start it's Gold Buying Program. Within 90 days of funding, SNEY will begin mechanized gold recovery operations on the already previously worked Artisan pits along the Offin river. The operation is profitable from day one because the initial gold is bought at a subatantial discount and the cash cost of mechanized gold recovery will be less than $300/ ounce.
Business Strategy / Budgets / Use of Funds
The following activities with budgeted costs are recommended to move the Nyinahin Mining Concession toward production.
Gold Purchasing Program and Gravity/Wash Plant Production
The proposed program is budgeted as follows:
To Be Raised Funds - | |
Gold Purchasing Program | $ 150,000 |
Wash Plant Purchase | 250,000 |
Operating and Permitting Costs to Operate the Wash Plant | 50,000 |
Administrative and Overhead Costs | 50,000 |
Total To Be Raised | $ 500,000 |
Financial Summary
Sunergy has several former producing mines and numerous Artisan pits along the Offin River which will be worked for the 60+% of the gold left behind by the Artisans. With the initial purchase of a gravity/wash plant we will begin in Quarter 2 of 2009 at an initial rate of 2,000 - 3,000 ounces per month stabilizing @ 3,000/ month over quarter 3 and 4 for the first year. Once stabilized, the Company will add 1 gravity/wash plant during Quarter 1 and 2 in each of the next two years increasing production by 36,000 ounces per year for each plant. The Company anticipates growing annual production to over 100,000 oz/year which results in projected earnings of $30,000,000 - $40,000,000per year.
Summary of Investment Opportunity Operations
Given the successful transition to a precious metals producer, the additional significant upside anticipated by management will be achieved by successfully utilizing the profits generated by the concessions to build shareholder value through becoming a mid-tier producer; entering a niche in the industry recently vacated by other companies through merger or acquisition by larger companies which brought enormous gains to their shareholders. This growth occurs through expanding reserves and resources in properties where the company's operational and developmental expertise is used to build shareholder and operational value. Historically, it is not uncommon for mid tier precious metal producers to be trading at 40 to 100 times earnings.
Spot Price of Gold and Silver
Gold and Silver have been in a seven year bull market taking gold and silver prices to all time high's in recent times. Management believes that macro economic conditions domestically and internationally are likely to keep prices at current levels and very likely take them to after inflation highs or higher for gold and silver. Gold's after inflation equivalent to its 1981 high is over $2,000 per ounce. Continued rising spot prices increased return opportunities at every level along the way.
Investor Relations contact and Advisory Board Member: Steve Parent
Phone: 480.326.5435, E-mail: steve@sunergygold.com
President:
Garrett Hale
707 255 5836
garrettsvp@gmail.com
Sunergy Inc.
14362 N. FRANK LLOYD WRIGHT BLVD
SCOTTSDALE AZ 85260
Phone: 480.477.5810
Fax: 480.477.5811
www.sunergygold.com
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Sunergy Update on Filing of Financials:
Jun 14, 2011 09:08 ET
Sunergy Provides Update #2 On Dredging Operations
Jun 13, 2011 07:32 ET
Sunergy Purchases Processing Plant Equipment For Optimum Free Gold Recovery And Upgrading the Rare Earth Black Sand Concentrates
Jun 2, 2011 07:27 ET
Sunergy Update: 3 Dredges and Equipment Have Arrived In Sierra Leone, January 2011; Test Results Reveal More Rare Earth Elements and An Increase in Value/Ton From $3395.00 per Ton of Black Sand in the June 2010 Tests to $8421.00
Mar 17, 2011 07:45 ET
CLICK HERE FOR ALL NEWS ABOUT SNEY
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