buys stock in bulk! Stock up and save!
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Bid support is 10x more important than buying. IMO, every 10,000 shares of bid support can bring in 20,000 in buying. JMO.
News and we get a "rip your face off rally" ;)
Would expect to see some push tomorrow. Today was a confirmation day. Bought some more at $.017, will not be shy tomorrow if it looks like we are going to see some volume come in.
Absolutely a win today. Gap filled in. And we closed basically even. Flippers got out and a lot of new people are considering SUGO as an investment option (they watched today)...tomorrow they will be a bit more comfortable. Looking for new bidders tomorrow around $.02. Maybe a push and some chasers.
Yep, you gotta throw a few November PUTS onto the table as a hedge.
I agree... we held the retracement. Filled in the gap. Would like to see about 2 million more trade at $.02 and if we can get another 1 million in bids at $.02, we will rocket past $.04.
Thinking it's time to buy more puts again ;)
You got enough :)
I'd call today's action a fill in. Flippers getting out, let it fill in a bit, then next leg up.
EASY MONEY.
Level 2 looks good to $.024, right back to Friday's close during the last hour. Good chance to make 30% between now and the bell.
This is just a bit of trading fun before we get news.
We see more bid support I'll be buying more blocks ;)
SUGO has so much freaking potential.
Had to purposefully wait a few hours before I looked at this, had a hunch it would have a small retracement. But bring the bids and we can continue to move back up.
Some great DD on SUGO by Plata...who has 35 years of experience in mining/financing mining. - FYI, he loves SUGO, Mr. Moore (who wrote the report), and loves the opportunity here.
http://investorshub.advfn.com/boards/Profile.aspx?user=184368
RBtree's posts credit Plata with being the most experienced person on Ihub to talk about CM.
SO, I read Plata's posts... He is a genius (and loves SUGO)
http://investorshub.advfn.com/boards/Profile.aspx?user=184368
SUGO up 500% in the last 2 trading days on HEAVY VOLUME...
Monday MOASS! Let the SQUEEZE BEGIN!
http://investorshub.advfn.com/boards/board.aspx?board_id=15611
If we get news or heavy buying in the morning...we're going to see a MOASS!!!
Margin Call, Squeeze Alert, GAPPING!!!
There are many methods to extract gold...I found a few...and not all include gold cyanidization. Some have been proven very environmentally friendly and are being used in mines around the world. Don't let these guys distract you.
SUGO will happen and it will a BEAST!
I wonder if someone was asleep on Friday and has a margin call?
Interesting...Gap up tomorrow?
Very good post.
From what I have seen and heard Mr. Moore is the type of person you want working for your company. Not sure how they latched onto him, but it was a good move by SUGO.
SUGO will FLY...35 years of experience in mining!
Read the posts from Plata...
http://investorshub.advfn.com/boards/profilea.aspx?user=184368
In general stock evaluation for mining companies with proven ounces in the ground is $50.00/ounce up to 500,000 ounces and +$100/ounce going up from there. So 2 million ounces would give a company evaluation of +$200 Million. As for mining - the cost to produce an ounce will depend on may things but figure that it will be below $500/ounce and above $300/ounce. If you had 1 million ounces right now and put it into production you would make (worst case) ~$600/ounce or $600,000,000. With a junior company many times the business plan is to find something of size and hope that a Newmont or Barrick Gold takes you over paying a premium and resulting in a great payday for the share holders. If they find a "Carlin" type deposit it could be +5 Million ounces. There is a shot at a large copper deposit on the claims and that would dwarf a gold deposit. Time will tell and many drill holes. I do like the 2 year plan they outlined. If they are aggressive than they will have a good idea just how big this could be.
Seems like SUGO has another move forward. They were very accurate in the "43-101 style" wording. 43-101 is a Canadian exchange requirement for a standard of reporting and disclosure. It insures that information is verified by an independent 3ed party who is designated as a "Qualified Person" under the definitions of the NI (National Instrument) 43-101. A 43-101 report is only required on an annual basis and only when there is new information on a project that could significantly impact the company or on properties on which a company spends a certain percentage (don't recall what %) of their budget. So with that all said, SUGO is not a Canadian listed company, they have no new information on the project that would impact the company, and they have not spent any money exploring the property yet. BUT 43-101 reports are the standard of the industry and many financial institutions want to see reports with this kind of detail and investigation. Since there is a great deal of information on Conglomerate Mesa it is possible to compile a 43-101 style report. I have attached a link as to what these reports require. I have done several and believe me they are a pain in the butt to get through. The Geologist will need to visit the property and conduct his own sampling and confirm results in the old reports. These reports take time to get through, generally 4 to 8 weeks. So there you go more than you ever wanted to know about 43-101's.
They come from the Feds not local government. If it was through the local than you would be right they want to see something happen in the county. But the Feds are a different beast. My guess is that Sugo has done its homework and their PR states the second quarter 2010 which I think is right on. Make no mistake they will have a battle to get the permits because of enviros. The only reason the permits were not issued was an organized campaign against the permits. The BLM decided that they had to respond to very stupid comments and that is where it stopped. In my talk with the BLM they said there was no reason not to issue the permits. They felt they had to rewrite the opinion to respond to the environmentalist comments that the permit approval/evaluation must look at the impacts of mining and processing at the site even though the application is for a road and 7 drill holes.
No real after hours T Trade...oh Monday could be fun :)
Just the Friday's that end in Y!
No problem :)
This should be next.
Any bets on the size of the print back after the close. Will give a good idea of what is short here. ;)
Squeeze is very nice. ;)
GOLD $1,851+++
Not bad, huh? :)
Right now, I wish I had more :)
The ridiculous belief that a public company with Billions of Assets was worth more than $600,000 market cap. Financing comes and this will be worth $60,000,000+ IMO.
Going to be a HUGE printback after the close :)
Just need more bids. This can/will get pushed up if there is a huge amount of bid support.
Just got to continue stacking bids... Wouldn't be surprised to see a little whipsaw at the close, so let's keep bids solid.
I agree. Everything happens for a reason. SUGO can F-L-Y.
No more scummies posting. Funny how a move up can do that.
EPIC doesn't even begin to describe what can happen here with enough financing.
Monday setting up here...something is brewing.
Ready to collect a LOT more shares.
That's the way it needs to be...I hope everyone can throw a bid up around $.011~.013 ...Much more important to stack the bids then it is to buy at the ask right now...
Level 2 thinned out nicely...Gold at $1848!!!!
LOADING THE BID SIDE :)
Nice run, nice volume :)
I'm looking for a financing that will push this price...
$.01 for ever million - LOW estimate
$.025 for ever million - MIDDLE estimate
$.04 for ever million - HIGH estimate
$10 Million financing is an easy...
$.10-$.40
$20 Million financing is...
$.20-$.80
Trying to be conservative here...but, if GOLD keeps moving up...I'm throwing conservative out the window :)