Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, Art Congrats, I can only hope to live that long and be as sharp as you. Hopefully, SNEY get's us a Q next week and we get a PR or some information as to what we have actually done this last year plus. I'm thinking these sales were most likely the shares talked about in the last Q. If so, we should have about $250K in working capital once done. This will be just in time for season #3. My question is what happened in season 1 and 2 and what have we accomplished.
If these guys hit a honey hole and Keegan or someone wants to buy them out and they can all retire with a few million at their ages they may just take it. It has to be hard to work in those conditions.
Also, look like with the increased cash burn they will have to go back to the well one or two more times unless they get a private investment from a large pharma. This will continue to put pressure and create dilution unless they can garner more eyes on the stock. Near term I think this does not have legs but maybe in late 2013 or early 2014 worth another look.
Seems like some old friends having a bit of a disagreement. Sure would be nice if SNEY management cleared it all up to see who is truly right or wrong.
So you you to blast me for being negative. Now thet they finally got rid of the CE and are current you are still bashing. Why is that since you used to be a cheerleader? Just wondering.
Yes, Art thinking the same thing. Maybe, Jim sold his or part of his position. Never figured he had staying power.
Looking pretty ugly about some time for news. Who said we would never see .005 again? I had thought all these nightmare were over but here we are right back down and still not enough believers to buy this thing up. I guess most are tapped as to what they are willing to risk like me.
Enough with the mindless pumping on the board. It does no good and just makes us look lioke a sham company. We are trying to be credible so act credible.
CK- That is pure speculation and hopes on your part.Let's wait for the facts.
Agree, they need credibility that goes along with being current, but I agree with Pooter and what was written in the Fins. they need cash and the CE was getting in the way. This brings in another question. Are they holding any gold or did they barter it off or move it somewhere? Either way they are not showing us what they have. I hope all this clears up and the sooner the better for us all.
Not sure, but it could mean one of the top guys is selling out and leaving and someone buying their shares also. I guess we find all this out in time with the filings.
It is called black box trading. You do not see it until it is done happening.Many whales use this technique to gain an edge so you do not see anything until it is too late. Big boys always have the advantage.
Thanks Dredge, but I'm not the only one who thought this when it a brought up as it was pretty vague. I know that working in low vis no matter the depth is not fun and hard on the nerves. It does take metal to do so. I think we are all just waiting to see the results of all the hard work as we have been waiting a long time. All the while many have seen their stock values drop 70% and it does get a bit scary being so far under with very low vis.
Looks like no news allows the flippers to knock it down again. This game is getting real old. Come on SNEY lay down your cards and show us what you have. No reason to wait now is there?
I'd feel better if the volume got back up. Otherwise it makes it pretty clear that it was an inside deal. Someone wanted out and someone took their position in the best orderly way as to get the best price and do the least damage to the stock price.
That is odd. It would be nice to know what he said. Was it a good joke or is it inside information?
He could be the greatest guy in the world. He could be the smartest guy in the world. Let's get the results and conclusion and see what SNEY can do with them if anything. You can go flaunt someones name but the results are what matters nothing else.
I doubt everything about these small stocks until I see proof. Sorry, I'm just a skeptical person and I do not buy into the hype that just because some company does a study we all are going to be rich off it. I await more information, but common sense dictates more than hype and wanting to believe what could be no matter the odds. If this does not equate what your story book outcome is I'm sorry. If someone only wishes to hear the rah rah crowd they are destined to fail because in 90% of the cases or more these small companies fail because of many reason including not enough capital, poor management, and downright fraud.
I have been on other boards and just wished I had listened to what many here call naysayers because they turned out eventually right. I do not discount anyoneexcept those that just cheerlead only or only bash without showing any thought process. It is your money and you chose what to open or close your mind to. I'll try and stay cautiously optimistic and open minded. We should all doubt what is said here until there is enough solid information to prove it in ones mind that they are making the right choices.
does not seem to have done any good for the stock price. What was the outcome missed it?
I know that silver is many times not mined directly but is a byproduct of other mining and therefore sold at a very reduced price to actual value. I have heard as low as $4 an ounce. I would think some of the minerals in the black sands maybe the same way to us since the cost of extraction to a small outfit would more than outweigh the means to produce them. Therefore, my thought process leads me to believe the more likely thing we will do is extract the gold and any other easy to extract material, if any, and sell the bulk sands or separate the sands as much as possible and sell off them to processors or end users.
Good post. Not sure of the cost to extract all these materials and the processing of such would justify some of the materials as I have no ides of the cost to do so. Not sure iof we build a plant, sell the raw material or ship it somewhere to extract or sell. All must be figured in to see if it makes sense. I guess we find all this out eventually or the subject is dropped and that would also answer the question.
I wonder if this will be another high volume week and if we get any news?
The original is better.
This looks like a controlled move as they are keeping the bid down. Maybe an inside deal buying out some insiders or something. You have to have a willing buyer and seller and the demand has not been enough to warrant this volume. JMHO
Do you mean SHARES? If so please just say so.
So the way you post yoiu believe this is just a scam and a P&D stock? I hope they prove you wrong real soon.
I saw that too, but felt why bring up something new when you do not even 'show' having the money to work what we already have. I also hope to hear what they are talking about on this subject.
You could be right, but folks maybe all in what they can afford or risk and like you waiting for more confirmation they are the real deal before investing anymore cash.Many have been burned and not willing to bet but so much on a spec play like SNEY. Time will tell you if anyone was a liar.
Havoc it is obvious we have a few traders here just bashing and loading up low and selling on news. You can either join the ranks or just hold until the stocks hits your price and sell. Some people like to bash and some hype. IMHO just noise and means nothing in the long run. What matters is what Mgt. does or fails to do and what the Q's say. Everybody has to decide what is best for themselves and take action one way or the other. Since they did what we were asking for so long I'm willing to hold to see what happens next. I think there is a middle ground here that just seeks honesty.
It depends. No one knows just what we have stockpiled at this point and it's value. No one knows what the projected value is after they have sampled. No one knows the value of potential deals nor the value of the REES and PGM at this point. Really, hard to tel what it is worth so you go by what people are willing to pay. As more information comes along the price will adjust to reflect good or bad news. No hype just facts.
While that rhymes it is the solution for start ups with no production or cash. Unless they have gold to barter with or are selling off part of future production for cash they have limited choices, but you know that.
I do not think Q2 will show revenue since they have not started production. Will that actually be a surprise to anyone? Now if they actually do then it will be a surprise. More than likely they will show they have obtained cash by selling warrants and hopefully will fill us in on near term plans and any deals made, if any. Who knows maybe we see some results from the labs also. Looking forward to seeing what's happening, but really not expecting much at this point. I think we should put a lid on any big expectations and keep it realistic and cut the hype as it does no good. Let the Q speak for itself.
Well, some might disagree on the P&D from last year so I'll leave that to ones opinion. I'd rather see a steady climb and building of credibility. If all you seek is a P&D then you are not buying SNEY the company, but just a trade. Some here are buying a company they feel has the goods and feel all it takes is some time and money to develop. I'm more in that camp. Sure I bought into those that hyped all we found and those saying it would be .10 soon. Then the fins. and CE thing got delayed. Now we are back in the game waiting for the next move. Time will tell.
alot on the table but it is all speculation until it happens and that's why the stock price is so low. It will take results to build confidence that this is the real deal. Getting the fins in and rid of the CE was the first step to looking legit. Still holding and holding looking for better time. Funny I was looking to take the gains and pay off the house when this started. Now I wonder if my house will be paid off before this stock pays off in about 4 years.
Yes, but tell that to the people that bought during the last big run up to almost .03. Being you did not put a timetable on patience you could be right, but again this is a small company that is trading in the BB market just off the pinks. A year and a half is pretty patient I think, but looks like it will take longer and they have to produce. I'm just waiting with the other bagholders in pugatory.
Looks like QE3 back on the table and gold going up in advance. Could our timing be about right this time?
Seems like the flippers are back. Buy low sell high and lie. Too bad most flippers cannot be honest and just say they are trying to get in cheap. It is pretty transparent.
Do we have the goods? Last year was on hype of what we had found and all the black sands they were dredging with the near term promise of being current. That pumped up expectations and when nothing happened the balloon burst. So now we find ourselves current, but still no production or hard numbers. I have to believe, and why I stay, is that once that clears up we head back up. How high depends on what we have and expectations. At this point with all the shares we have we need something very big to get back up close to .03. JMHO
Just glad they did finally get it done. Kudos to the company on that. Now that is the first step in rebuilding credibility. Now it is providing more evidence they have the goods and can run a profitable company and make shareholders money. That is why we are all here, right? Success will build more confidence and bring in more buyers. We still are very much like a new company with a clean slate except for the amount of shares and warrants. That is what I think hold many back at this point. They may want more proof before they put a toe in and are willing to pay a higher price to play. It is still a high risk stock, but a bit less than before. I know I feel better about my investment, but my eyes are still open and I know it is somewhat a gamble that could go either way. I do know we would all feel better if we had 40 million shares versus what we have, but we deal with what we have.
Fact is it is up to mgt. to succeed and we are just spectators that win or lose depending on their success.
Not sure about your last statement as we have had no updates that I can remember in quite a long time. I kind of discount the REE idea as a long shot and base my hold on the gold and other materials. It it works out all the better.
Yep, Falon we are just along for the ride and hope that Mgt. hits the pay dirt and knows what they are doing and honest folks. Thanks for your informative post.