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Then quit sending me private messages saying you don't.
eye
Quit sending me rude messages Cork.
Just because you are averaged in cheap doesn't mean we all are.
If the company deserves criticism than they will get it and they need to know their shareholders are not going to be quiet and let them run rufshod over us as we have in the past.
A publicly traded company needs to communicate with its shareholders and relate material events.
A mining company extracting gold but refusing to disclose it is holding back material info.
That can not be for any good reason and you know it.
They have done it before and thats why the stock has been decimated.
I and others have lost thousands because of it.
I have no intention of taking it silently any more.
eye
THe fact he is willing to improve the standard of life in SL speaks to his integrety.
He is not just raping and pillaging the land, he obviously cares about the people there.
Thats a good thing.
He should start showing he cares about his shareholders as well but there is very little proof of that.
eye
Just going to tell it like it is Cork.
Management has shown utter disregard for their shareholders, is hiding key info from investors, has hidden poor performance and is now setting themselves up to do the same for six month stretches at a time.
They have always been poor communicators and have gone back to that same mode of Operations.
Like I said if management accomplishes something worthy of praise I will give them their due.
If they deserve shareholder rebuke they will get that also.
They want us to quietly take their avoidance and silence without question.
They want us to be happy with dismal communications and performance.
It isn't going to happen.
Get used to it.
There are lots of us in the same boat, I am just more vocal than many but lots of investors know exactly what I am saying is true.
Everyone is entitled to their opinion whether you want to hear it or not.
I am not quitting until management starts addressing key issues instead of avoiding them as they should.
Silence has brought no Resolutions or value to Shareholders but has cost them dearly.
eye
If Doug was sitting on material information that would build shareholder value but refused to share it, he should be fired.
That would be spelling scam all over it.
I do believe Doug is a man of integrity of sorts and has underperformed.
Instead of admitting it he simply avoids shareholders issues and concerns.
He lapses into long periods of silence and does not build value or momentum into this company.
That has cost us serious dilution in the past and has cost shareholders dearly.
Past Pr's and Updaes are not speculation. Past performance and extractions are a matter of record for all to see.
It is our current Production and extractions that have been purposefully hidden from shareholders.
eye
Some of us have been here a long time supporting management, investing our own hard earned dollars to support that vision.
Managements choices and practices have driven this stock down to lala land.
WE have been so afraid it would drop more we held back negative feedback and concerns.
I am down so much I am forced to ride it out but I will hold back no longer.
They need to get there act together.
I am not a flipper looking for a quick buck.
I and others have waited patiently for years for the company to build our value once again.
Management is not addressing issues important to shareholders, they are avoiding them.
They have just set themselves up to avoid issues for 6 month stretches at time.
They have failed to make their targets and are slow to get machinery running even when they own it and it is in country of Production.
I have posted plenty of optimistic messages, pumped this stock on other forums and made excuses for management for a long time.
I worked diligently to build momentum because this company itself refused to and still does.
Its time for them to step up to the plate and start building value for shareholders.
If they do something worthy of optimistic messages they will get them.
If they perform poorly and cost shareholders value they will get negative feedback.
If they avoid key issues, avoid communication with shareholders and underperform they will also get negative feedback.
If they act unfriendly to shareholders than shareholders are going to react unfriendly as well.
This company has fallen short of production targets ever since it started using machines.
I am not going to sit quietly for another week let alone 3 years.
If they do good I will sing their praises if they cost me even more losses I will tell it like it is.
The company has had plenty of time to grow and build.
This year our extractions shrunk and management failed to be ready when the dry season began.
If they don't get their act together this could easily become a new trend and with only 6 month extraction reports we'd never know it till it was way to late.
There is still potential here but the risk is great and management is clearly shareholder unfriendly based on their actions and management style.
eye
Thats excatly how I feel.
Everytime this company gets to a point of positive momentum the company knocks the legs out of it instead of grasping those opportunities.
There is potential hear but if management refuses to grasp it we will languish in sub penny land forever.
Most of us here have ridden things out a long time, its getting tiring making excuses for the company and spinning poor performance into something good.
If John and Doug don't pay attention to message boards they are completely out of touch with their Investors as IHUB posters here probably own well over half the O/S.
Junior Mining Investors wouldn't know where to find us. We rarely put out actual PR"s so how are they going to find out about us?
That just leaves IHUB cronies and insiders who own a vast majority of the stock.
There is a lot of problems here but there is still Potential in spite of all that.
eye
Just so you do not misunderstand me.
I don't think this company should declare themselves to be a first and foremost mining company.
I don't think they qualify.
They are not acting like one, progressing as one or communicating clearly with their shareholders and investors as legitamate Junior Miners do.
They do promote their primary business focus as a Junior Miner but their results and management practices do not support the Primary Mining Company outlook.
I think they have far more potential in the CC market if it ever kicks in.
I bought the stock because of hard rock mining, the Pampana extractions ( which were greater with picks and shovels than all of our equipment has produced since then ), the Pampana Reports and the mobile processors which were so greatly to multiply our extraction results.
All of those major pumps became taboo shortly after their announcment and were launched into utter darkness only to surface months later briefly and once again drop into oblivion.
This years extractions to Mar show a decline in prior years extractions and we already had equipment in the country yet couldn't even have it operating by Mar 13th.
If they had just left it onsite and left it through the rainy season it would have been ready to go in Dec 2009.
We had no less than 1 dredge and two mobile was plants that were confirmed as not operating up to Mar 13th. That is half way through the dry season.
Upgraded wash plants and new dredges should have been able to make up production from a slow start but it appears apparent it never happened.
If it did management should be fired for not communicating such crucial info to their shareholders.
I know based on past performanace they simply fell short once again and want to avoid saying so.
They went further this time though and set up a recurring system where poor performance could be hidden for six month stretches.
That is also a major step back in the mining industry which is supposed to be our Primary focus.
If this company was properly Promoted, built on momentum and was just plain honest and accurate to its shareholders in the past the stock price would have never tumbled so drastically and dilution of the past would have been far less to raise Operating Capital.
When you dilute a decimated stock to raise Capital it takes far more dilution to raise required Capital.
That is what happened as history has shown, unfortunately we may be headed there again.
I don't think they have shown themselves anywhere near a legitamate Junior Miner stock. I have seen way to many of them.
We may get there one day but history of this stock certainly doesn't support that likelihood.
We could always find a basketball sized diamond or vein of pure gold but thats just pie in the sky.
Their mining focus has perfomed badly irregardless of the new claims and equipment they have obtained.
They had better get their act together if they ever want to be a legitamate Junion Miner.
I am not opposed to them becoming one, I have just seen little evidence in them becoming one.
eye
Boardmarks to g-ianni, Clasko, 65cuda, gemstone, Rojuto and Philita.
Thanks for sharing honest opinions and for not manipulating the board for a hidden agenda.
No one has to agree with me just be honest with yourself and the board.
Have to catch up to more of you with boardmarks later, I am still kind of busy.
This company still has a lot of potential but I feel we just took some major steps backs and the last Updates sets up some significant setbacks yet to come.
We missed a key opportunity to build on momentum as we have done in the past.
Its not easy to get to the point where momentum is ready for a breakout. They should not squander those opportunities.
I don't think there is any real excuse to do worse than past years considering we already had equipment in the country.
Just running the same projects as last should have yielded at least the same extractions.
eye
Isn't that sad but true.
If they even mined the same projects they did the year before common sense dictates they would yield at least as much as they did then.
Having your extractions actually drop and having to wait half way through the dry season to even get a hint our equipment would be Operational is just downright rude.
Sad thing is we still don't know if or when our wash plants and dredges ever did get working.
Most of the gold extracted last year was from alluvial non mechanized projects as we had problems with our wash plants that year also and it also was supposed to be an unusually long rainy season.
We actually did some processing in DEc and production improved monthly after that.
How can a non profitable Junior miner afford to do worse shouldn't they be getting better?
If I was them I would be ashamed to admit that Mining is our key business.
Going to catch up on my membermarks Roj so I will give you your first and one for
Clasko too as we seem to have similar concerns.
eye
eye
You could be right cork about rainy season production.
We did produce into July last year.
We should have more dredges that could be producing washed gravel stockpiles for our wash plants to process in the rainy season.
It seems doubtful though in as much as it would seem criminal to be doing so without caring enough about their investors to tell them so.
If there is trouble with roads they should leave the equipment on site through the rainy season and it is there Jan 01st.
They might as well be stored on site as they could be somewhere we have to pay to keep them and we wouldn't have to worry about roads to get them into production the following year.
With labour being cheap they could probably build a barn to house it all over winter right on site.
I have seen other other times of momentum which were also equally crushed and passed upon.
I have seen what it takes to get to one of those momentum moments and it is poor management not to seize those opportunities.
It shows poor concern for shareholders value and sub par management skills.
I believe there was also mention of land locked sites this year that could possibly also continue to produce into the rainy season.
I expect if not just plain wishful thinking that the carbon market is due a decent build up.
We need to sell our first CC Project and we would all be singing the praises of management.
Likewise when they underperform it should not come as a surprise when they get called to task.
Doug is still there doing something but if he announces a major expansion of our agri or animal husbandry Projects with still no extraction and production Updates I will get irate once again.
We have done enough for the people of SL, it is time for some shareholder value as well.
Than we can justify and pay for further enhancements for the people of SL.
Doug may indeed be working on at least something beneficial to shareholders but his avoidance of production and extraction results certanly lend to pitiful results.
Especially when prior years has already yielded far more than numbers reported in Mar.
Next year we won't get an extraction report from the beginning of the dry season until it is over and done.
That is a pretty pathetic way to run a publicly traded mining company.
Utter silence through their peak season concerning Revenues. extractions and effectiveness as well as a failure to declare when their equipment is up and running is pretty abominable to investors.
With such anticipation this was a nasty series of bumps but it doesn't mean the road is closed.
It certainly infers a rough ride going forward but there is no point turning back now.
I hope they salvage this season some how because their shareholders deserve it.
eye
I actually believed Progress was being made until the last Update showed differantly.
WE were poised for a significant breakout on any positive results.
Interest was growing in the stock and new and improved equipment boded well for continued Operations.
Positive results that should have been easily obtained with a better dredge, experienced Operator and Upgraded wash plants should have come out long ago. Mar 13th was a long time ago in a short mining season.
I was extremely dissapointed with that dismal report and got angry.
Instead of momentum and positive movement it felt liked we just got dropped on by a bomb.
I waited a long time for the company to get on the right track and it now appears we are headng down the same rabbit trail.
Much as I would like to see great results in July I have seen enough to know it isn't going to happen.
They have commonly reported extractions and shown improvements through the dry season.
This year they went completely backwards.
They started way to late and either did not get their equipment online when they said they would or it drastically fell short of expectations.
It takes a long time for this stock to build momentum and that last Update destroyed any chance of building on a perfect opportuntiy to build momentum and value for shareholders once again.
I will eventually mellow a bit. I bought the stock because I liked it but it is time for management to get off the pot and start returning value to investors.
I still really like our CC potential as it is dependant on outside sources out of managements control and the sale of even our first Project will bring more Promotion to this stock than management ever has.
It will bring global attention to our investment.
It better because our mining Ops are becoming a dud real quick.
eye
Yet strangely enough they more often than not never follow up those boasts.
They get equipment and new Projects and go into silent mode.
That sadly is the truth as history itself has shown time and time again.
eye
If Doug and john provided cold hard facts and answers to basic investors queries.
We wouldn't be in this mess.
They don't want to tell us extractions and production results for a reason that can not be good.
The extractions up to Mar 2010 are lower and came later than extraction results in 2009.
Thats just the truth whether any one wants to see it or not.
There are no assumptions there.
Production has receded based on their own declarations. Once again no Assumptions there.
You are assuming that declarations made here are assumptions when in fact they are based solely on the truth actually released by the company itself, unless they are lying.
WE produced less to Mar 13th than we ever have since actual production of any sort began.
Shareholders including myself have been hanging in and making excuses for this company for years.
We need management to start building value for its shareholders and do what they say they are going to.
We also need them to value their shareholders and communicate clearly what is happening including extraction results be they good or bad.
Until they do negativity will continue to grow as investors see history repeating itself.
We should not be waiting patiently till July 15th. We should already have the answers as any reasonable Junior Miner would have already done for its shareholders.
Negativity will grow as those delays continue for info we should already know now.
eye
Gem the 3500 people and 10 villages refers to people that will bebefit from SL1. It has nothing to do with the mining Ops.
Contribution to sustainable development
Apart from generation of net anthropogenic GHG removals by sinks and production of charcoal the
proposed project contributes to sustainable development in the following ways:
The project will create local and regional employment both during construction phase and
operational phase. Approximately 10 villages and 3500 people will benefit from the project.
As I have said numerous times, our CC Projects hold our greatest chance of success.
I would love to see 3500 villagers benefit from the project and shareholder value increase at the same time.
Those same people do not benefit without the CC Project.
This company and shareholders have contributed a lot of resources to improve quality of life for everyone working for us.
It is time value started being generated for shareholders as well IMHO.
This is a Publicly Traded Company after all.
I don't believe the company is doing nothing but they have seiously underperformed.
It is management that must take responsability for that.
Ignoring shareholders and refusing to admit it is just compounding the problem.
Not knowing what is going on is part of the problem. You can not know what management refuses and avoids telling you.
Can't drink so have one for me.
I can not take this loss so will wait it out another year but I do not have to be happy or silent about their perfomance.
eye
LOL, I can still post and delete messages.
Play nice and everyone is allowed to post their views.
This company still has some positive aspects but has performed dismally in their mining ops for a company focused primarily in Mining.
With a short mining season they have to be far more prepared to Operate and if they can't get equipment on site at the beginning of the season they should never remove it in the first place.
It is long since time to build shareholder value, get the job done and do what they say they will.
At this point I doubt very much if our new dredge and Operator even got running in April.
I wouldn't be surprised to find out they never did get going.
They may not be swilling beer but they clearly are not getting the job done.
eye
It was only rumoured Phil. The company never announced it officially but I do know extractions certainly didn't reflect them.
I think they did get some production of Dec that year that did likely have to come form those stocpiles though.
I do know that the washed gravels are only ready for processing and that washing the gravel does not produce gold and diamonds.
That part was made clear after dredging Ops began in Sept of 08.
eye
They stockpiled washed gravels from the onset of our first dredging Operation.
None of it was processed , we were still waiting for our wash plants to arrive.
Rumour has it those stockpiles were washed away by the rivers.
Fact dictates extractions from that Operation was never declared.
If they did eventually get dredges Operating in 2010 than additional stockiples should have been generated and our Upgraded wash plants should have been processing them.
Once again, why would a reasonable mining company concerned about shareholder value, not declare to its shareholders if it was processing washed gravels from its dredging operations it had already announced and the amount that is effectively extracted?
eye
LOL that is the hope but if they can stockpile gravels for next season why don't they just process them this rainy season?
We are presently dredging, washing gravel and testing areas for next mining season
We have upgraded wash plants, shouldn't we be using them now?
If anyone asks how I know we aren't I would have to say why would a reasonable company concerned about shareholder value not tell their shareholders if they were.
eye
Can not answer Private Messages. I decided to pay for L2 instead of full IHUB membership I may pick up again later.
I don't think there is any Master Plan in the works to catch Shorters with their pants down.
I think extraction results have been ignored and delayed to avoid releasing decreasing Production numbers.
The company is falling backwards in its mining endeavors and did so ever since it left the Pamapana Area.
Althought he other areas have shown some promise, management is clearly not able to get the job done.
They have had several seasons to build performance. To fall backwards speaks poorly of management.
We were already well below the prior years extractions before the mar 13th numbers were released.
I think management produced dismally in their mining Ops and wants to avoid saying so.
Even if they want to release extraction only twice annually, Financial Statements will show Revenues or the lack thereof.
Investors are not completely stupid, most of us can read.
The only way their silence can continue is if they fail to file Quarterly Reports.
eye
Washed means stockpiled not processed.
That was made clear the August our dredging initially began.
If those stockpiles are not protected from rising rivers they can be easily washed away.
Unfortuantely what the company says they will do and what they actually get done are not always the same.
One would hope they learned from past mistakes though and protect stockpiled washed gravels.
eye
Thats a very good article but that version of Cap and Trade is probably not exactly what we are after.
At least it is a step in the right direction.
Not sure if I have member marked you but will for that article if I haven't already.
thx for sharing.
eye
Thx Numb
CC's are our only hope based on dismal mining performance.
If they ever get their act together, mining could become a positive factor but if they just left their equipment on site from year to year they could not even blame SL infrastructure on poor performance.
I do expect interest in CC's to grow.
I have posted link showing other countries getting into and establishing and projecting their own carbon markets.
I really don't understand why the USA has dragged its feet so long.
The money in that commodity could be staggering to the economy no matter which party is in office.
eye
Wasn't that supposed to happen in April?
From the update
Gravel from 7 sites will be washed during April
Both wash plants have been upgraded and will be in operation wk10 April
2 dredges will be in operation mid-end April
We only had one the year before.
eye
Very well said.
Failure by management is not Shareholders fault. They should not be complaining about us, they should get the job done and explain their own failures.
I agree with you one hundred percent but past practice dictates they will continue to avoid shareholers, continue to dis their concerns and sadly to say have little interest in increasing shareholder value.
In light of dismal performance, dilution will likely multiply if it hasn't already or some form of decimating financing will be enacted.
Pitiful extractions will come no where near to financing Operating Expenses.
eye
I clearly hear that and unfortunately all I can do is vent my frustrations.
I have had serious concerns and held in there but it is clear their credibility is poor as is doing what they claim they intend to.
At least they have only baited investors that next year is going to be far better.
At least they didn't put it in writing.
eye
Considering management has claimed Mining is their key interest shouldn't extractions improve year by year.
They are not only not getting the job done they want to delay telling everyone and avoid being accountable for their negligence.
In the Canadian Arctic which requires ice roads over lakes, businesses are ready to go the moment the roads are declared safe ( trucks are loaded and ready to go while they await the green light ) until water is running freely over the ice pack and the roads are closed in the spring.
We had at least two wash plants and 1 dredge in the country and they were not even running by Mar 13th.
I would not be surprised to learn that they never did get running in 2010.
Mar 13th is alredy half way through the dry season.
They were extracting 1 kilo of gold per month in the Pampana area with picks and shovels and had announced tripling those extractions only to abandon that Project and leave their shareholders in the dark about it forever.
They never did announce why they left the site even though they did apparently enlighten a few shareholders who inquired about it.
They pumped the crap out of the hard rock mining and did the same thing. They just pumped the Project and lapsed into utter darkness with no explanation.
They did it again after the second delay of our mobile processors.
It was crap like that that drove the stock price down and multiplied the dilution required to raise Capital when the need arrived.
They don't communicate with their shareholders, they avoid them and it appears that style has not changed.
I was hoping all that was behind us and the Mar Update once again projected a glimmer of hope.
The extractions declared up to Mar 13th should have at least continued.
The new dredge, Operator and upgraded wash plants should have multiplied production over labour intensified alluvial Mining.
Gold was high and rising, our CC test plot was planted and ready to go.
Yet once again shareholders were avoided and left in the dark.
It doesn't matter how bad the roads are in SL if the company can not get equipment on site half way through the dry season then they should leave their equipment on site over the rainy season and just start it up again in the next dry season.
They should not be saying Mining is their Primary focus with that kind of organization.
If this company does not get its CC Projects moving we are done.
They very clearly are not getting the job done in their mining efforts and instead of progressing are actually receding.
The numbers they have already released confirm that and the reluctance to Update that indicates things could be far worse than they have ever been since the company ever did any actual mining.
I am in this because I am stuck and can not afford the loss this management has generated.
I will not be leaving.
I will be calling to task management, warning newbies about the real risk and will vent my frustrations as I choose to.
God knows I paid for the right to do that at least.
There is still hope for the company but it lies in the CC's unless management can truly get their act together on the mining front.
If mining is supposed to remain our Primary function than management needs to get their act together in a big way.
They need to get and keep our dredges and wash plants working well into the rainy season to salvage anything out of this past dry season.
If they don't Dilution on a rabidly depressed stock will continue.
eye
They have had numerous new Projects to develop in the past but did not get the job done.
We had at least one dredge and two wash plants in the country by the end of last year but none of them were even in play by Mar 13th of 2010.
Perhaps we will here in July if they ever came online.
The year before our wash plants sat in storage for months and our dredge was working from aug onward yet they still managed to produce in Dec of that year even though it was an unusually long wet season.
If they can get things done in 2010/2011 they should have been ready to rip in Dec of 2009 or at least Jan of 2010.
They have gotten things done in SL before the truth is they are slipping and getting worse and are trying to hide results from investors.
If they are not ready to go in Dec of 2010 I expect 2011 mining season to be just as dismal as this year has been so far.
They have fallen short on numbers way to often to have any reasonable credibility.
Think about it. If they even left the dredge and wash plants in the same place they end up they don't have to wait for roads to open up to get back into production.
They simply pick up where they left off.
The whole SL thing is getting to be just an excuse of poor performance and management.
eye
Thats kind of amusing as the company has said they expected other dry seasons to be more productive than all previous years as well.
The SEC never stopped them talking then.
They even bragged that prior dry seasons were supposed to have been breakout banner type years.
Perhaps if I am bored I will review my SGCP historical PR's and post a few.
Considering management just slammed Investors and placed them in the dark while the company has postured itself for long terms of silence concerning key issues, it is not surprising that enthuisiasm would dwindle.
The poorer this company performs the more unlikely it will be that they ever become a reasonable company let alone a great one.
Talk is cheap and although they have talked the talk before they are not walking the walk.
It won't take long before shareholders become angry.
It seems management has little interest in shareholder value and cares very little about them.
Pretty sad really.
eye
Now there is a wish list.
Thx for emailing John.
They have been very clear about pumps in the past only to leave shareholders dangling on thin air.
Since they don't issue PR's, We are the shareholders and probably the posters on IHUB probably account for well over half the O/S.
Maybe you should suggest John read the IHUB thread to see what we think of that last atrocious communication.
If I lose my investment here I will not simply fade away.
I will make sure the company becomes accountable for their actions and will not let them quietly off the hook.
I am amazed the stock price actually held as high as it did after that last slap in the face to shareholders.
The good thing is that it did and knowing there still may be an extraction report sometime, there is a chance the stock price still may rise after all.
I did say we may get an extraction report sometime simply because their track record of getting things done that they say they are is actually kind of dismal.
Sometimes they really do though so there is still hope.
eye
Yes but they never did learn to build on momentum or to build shareholder value.
If they would have shown even improved extractions over the mid march extractions, we could have been set for a decent run.
Silence simply infers things got worse.
They like to keep us in the dark and avoid accountability.
eye
Thx Tosca, I really need to do some DD on Biomass.
Will look into it on the weekend.
eye
I expect interest will grow once again in CC's up to the Mexico climate Conferance.
I did find it intriguing that Norway paid a country 1 Bil to keep a forest intact.
Our CC Projects still have tremendous potential , thank God cuz oue mining is extremely dissapointing.
eye
I'm gettin tired of venting so will lighten up a bit.
At least an extraction update is coming sometime.
I am not exactly sure what biomass is but if it is pulp and lumber it has some value.
perhaps it is just one of those offers that someone pays to keep your forests unharvested.
The article I posted recently shows Norway paying 1 Bil to preserve a tropical rain forest.
There still can be substantial value in our CC projects irregardless of how our mining ops turn out.
At least we can always hope.
That last Update was almost as bad as utter silence though and they should put a bit more thought into communications.
Investors aren't as stupid as they would like to think.
I truly believe the carbon market will rebound in the second half of 2010.
I will try to see some light instead of utter plight.
eye
You are entitled to your opinion but IMHO if mining was getting the job done they wouldn't have to stall extraction results until July.
Every Other Mining Company is quick to release positive results.
They are clearly trying to hide poor performance once again.
If mining was getting the job done they would have machinery in place at the beginning of the dry season and be ready to roll from that point on as they have in the past.
We did not progress this year, we actually stepped backwards in our mining Ops.
We still had at least one dredge and two wash plants in the country since the end of last year yet only Alluvial extractions up to Mar 13th.
Mining is not getting the job done and the last Update simply gives them months upon months to perform poorly with no accountability whatsoever.
This was supposedly an unusually long rainy season but so was last year and we still had processors working in Dec of that year.
Anyway we had to wait until The end of Mar to have even a glimmer of hope our machinery was supposed to come online.
We allowed them that and waited with anticipation that things were finally falling in place.
After that months upon months with no extraction reports and they tell us it is in our interest to wait another month.
Extraction numbers report dates will be July 15th and January 15th yearly. The two dates where chosen for these reasons.
1. Our shareholders will know exactly when extraction numbers will be out
2. Strategically these dates are positioned to give our shareholders end of mining season numbers and early season production numbers
What utter hogwash.
Everything informed investors need to hear is based on clear and regular communications.
Extraction Results are critical info. They allow investors to know that:
- production is ramping up
- efficiences are being improved
- Operations are becoming profitable
- the company is getting the job done
- Revenues are Recurring
- machinery is performing up to expectations
thats just to name a few.
Obviously management does not value their investors and is trying to hide critical info as they have in the past.
Lets just consider the extractions though for a minute.
They are either dismal or extrordinary or somewhere in between.
If they were extrordinary and the company refused to communicate that, they would have to have complete disregard for shareholders interest and value.
If the extractions were dismal, they would clearly want to postpone admitting it and would be forced to hide those results.
If they were somewhere in between and they cared about shareholders , they would want to at least show regular progress and build momentum.
Reporting even 1 kilo per month is far better than utter silence.
If there was any good news we would not be forced to wait until the middle of July to hear about it or the company would be doing great disservice to their shareholders.
Numbers may be coming out in mid July but if they were good we would have heard about them long ago and the company would have been ready to rumble Jan 1st not now the rainy season is upon us.
Every reasonable and accountable Mining company puts out quarterly reports that should reflect Revenues.
None of them put out only 6 month projections.
The last update was a huge letdown after months of patiently waiting for positive results IMHO.
eye
I think everyone should be sending John and Doug emails to let them know what they think.
They have cost a lot of people a lot of money and should hear about it.
The only Updates they give are on their website and most shareholders are right here on IHUB.
Its about time they started thinking about their shareholders who made it possible to even get this far.
eye
I'm in the same boat,
It sure is disheartening to see the way they treat shareholders.
They might as well move back into the Pampana area even if they don't like the local chief there.
They were producing 1 kilo per gold per month and were supposed to expand to 3 kilos per month before they abandoned that Project without telling anyone why.
At least that was building some value for shareholders.
They better get busy with the CC Projects because mining is clearly not getting the job done.
eye
Absolutely. Even if the CC Projects never sell the lumber and pulp will.
The CC market has eased considrably, my DD in that regard shows me that and it isn't SGCP managements fault.
It will pick up again.
I am not calling for a Revolution but management needs to hear investors are tired of being treated as third rate principals here.
We deserve to be kept in the loop.
Management needs to take credit for failures and they need to get their act together.
I would be surprised if our fast water dredge and Operator even got running after we were told it was good to go the end of April or so.
The end of April to get machinery working when we already had a dredge in the country all last year and two wash plants is pretty poor performance for a mining company with a short mining season.
It is long since time the company starts showing they value their shareholders and are starting to build value for them.
eye
The CC Projects offered and still do far more potential than our ming activities ever have.
Take a look at the extractions for the last couple of years.
A primary mining company would increase extractions and build its operations.
Our extractions have shrunk, were extremely late in even starting this year and we already had at least one dredge and two wash plants in the country.
CC's are this company's only hope because they are clearly not getting the job done mining.
eye
Sorry Gem, I've been into this one too long.
I have seen them drive the stock price down through mismangement for years.
They find diamonds but claim they aren't worth much yet they targetted the diamond bearing rivers in the first place.
Just one of numerous thoughtless share devaluations.
The lengthy silences and abandonement of lucrative Projects without any communication to shareholders drove this stock down steadily ever since I bought it.
Ignoring their shareholders and underperforming as well as downplaying their diamonds which was just one of many silly declarations shattered stock price which necessated far more dilution to raise Capital than they would have had to if they had just kept their shareholders in the loop to begin with.
Now it appears they are heading back to their old tricks.
Many of you newbies will be feeling the bite of that management style soon enough unless management starts to build shareholder value at long last.
I am a little bit tired and not pulling punches but management should start hearing from us all that we are tired of excuses and miscommunications.
Silence is unacceptable and especially in these volatile economic times.
We should all let management know how we feel.
eye