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That's ashamed Jim. I do think SNEY would do much better if they had a friendly and trusting relationship with their shareholders versus their current attitude don't you?
I think he felt you said we would have some of the financials by now. I know someone mentioned they would have to restate the last one. I find that odd since it took them so long to get it out one would think they had more than enough time to get it right. I also thought people said it was be easier now that the audit was done on the last 10K and they had to go back and get Allied information. I just do wonder how many excuses and delays they expect people to give them a pass on. It seems they are so slow they will never get caught up and get rid of the CE and uplisted. It would be nice to see all the Q's and 10K filed at once and be up to date lik they should be, but hey that would make things to easy for us, right?
I guess it depends. You also have to look at the risk vs. reward of holding on. If they could get say 500 million for it now would you kiss off that offer versus taking the chance that gold could be back to $700 in 3-4 years once you are reday to process it?
WEll, hopefully in Ghana ours is as good as Keegan's and then we will all be in great shape over time, but it might take a few years and who knows what the price of gold will be by then. It would be great if they could prove up enough and sell off the claim to the highest bidder and if we could get .20 a share off that it would be great and remove the long term risk of gold going down.
My wife's is also tomorrow
Is the paint dry yet?
I guess Bali was playing the drums too loud and got evicted. As Paul Harvey would say, "Time for News"
Shaw if the percentages proved good then there would have been no problem in getting more money. Notice that supposed $5 million they said they had disappeared shortly after HC and RR drilling? It came to at most $2 million and then it looks to me like whoever the investor was cut them off because they did not meet expectations. Since then very little money and only enough to keep the office open and pay the Steads and their truck and by now that is most likely gone. So unless Ken can repackage the old dogs and find another investor these cos. are DOA. Even if Ken can find the worst toxic financier money will go to a small drill and promotinal plan to bilk shareholders with yet another pump and dump which will be number 3. Maybe they are waiting for it to get quiet and find a new group of suckers. Seems their promotional group is still here supportting the most honest and transparent and great explorer. Their words not mine. I call him a crook and con man.
Wa Wa Wa
Do they seem in a hurry to get anything done? They know people are not selling since everything is happeniong soon. Now how long have we heard soon? Like as many times as Tebow says exciting!
Maybe the price finally got as low as he thought it could and now that news is immenient he decided it was worth the risk for a flip?
Sorry Jack we believe that like we believe Ken is honest and transparent. Oh yes, go ahead and say news any day like the longs have for over a year with nothing said by your fearless, honest and transparent god and saviour.
Jim, I bought and am holding and not a trader looking to day trade. Yes, I could have sold at .024 but held thinking things would get better. Had I had dumped more in on the wat down I could have caught a falling knife. Those that get in now have a small downside unless this just turns out to be totally bogus, which I don't think it is, but you never know until it is too late usually anyway. Ready to see things get done!
Already have more than I should since I bought high. I'll just wait and see as I have no more risk capital at this point and if I did I'd want to see some actual results and progress before I put in more money as that have not done much to inspire confidence IMHO.
1) .01 still down 40%
2) .02 just over break even
3) .03 now I feel better
4) .04 double
5) .11 can pay of remaining balance on the house
I think you can stick a fork in this one. No poster or interest and not sure how many more shares they can sell. Maybe Durando should just retire? He's such a good con he could get a job with Obama. LOL
What no guarantees? Have a good weekend.
All important, but the fins. are expected and what is needed to get us current, rid of the CE and will allow more information, but I agree that the amount of gold and other items is what will propel the stock higher assuming they have a good amount and future propects are even better.
As far as having us strung along I can see the point. They don't want massive duming of shares as that will cost them more to finance in the future if they need to and may upset warrant holders that once they can sell are stuck again with worthless paper. Get it to .10 by June Jim is all I as ask. You can do that for me, right. LOL
That does seem sincere at least. Let's just hope there are no more surprise delays and they actually do what they say this time. Thanks for the update.
I think if people really felt that confident they would be buying more and bidding it up. There is a lack of confidence IMHO or people are all in or just will not risk any more until there is some proof. GLTU alos.
Not even 200K. I had thought with all the traffic we would have buyers. Are they just bagholders like me hoping for CPR or are they just waiting for news to get back in?
Yawn- seems no one wants any.
Risk this is hat I would call pumping and hype, but if Mgt. is not going to do it I guess may as well be you. Bad thing is this just sets up a dump with a bit of the old in and out traders in for the quick kill.
I have no idea what you are talking about, but that is pretty usual around here with your comments.
Must be close or someone called all the old folks to come back in to play. Seems like a traders reunion. I wonder how long they stay this time.
Jim, I thought you had changed and were being nice. I have plenty of write offs and will do whatever I want with my money. I won't tell you what to do and you don't tell me -OK.
OK- I promise if this hits a dollar I will name my cruiser the USS SNEY. Good one Jim.
I would not believe anything until an unpaid source put it out. I go by the track record the Con Man has provided and not rumors that for all you know he could have started. Rumors 99.9% are there so someone can steal someone elses money.
If you had followed this and the CEO reputation over 20 years you would know I'm right. This maybe a trade, but not an investment and you better be willing to lose it all. This is totally unemotion and using DD and reason.
You know I wish someone would have with me a few years ago and maybe then reason would have got in front of stupidity and greed and saved me a bundle.
Yes, but good information for slow learners like me. I figured some here might be in the same boat and might find it helpful. We are all constantly learning, right?
With odds of only one in 3,000 discoveries leading to mine development, and only 10 percent of the world's gold deposits containing enough gold to mine, exploration can be tedious and expensive. For every one successful gold mining venture; there are at least 8 that failed. Greedy company owners led innocent investors to lose hundreds of millions every year believing in the gold rush
Another say this- Brent Cook: Mining is a tough business-a very tough business. So many things can go wrong even if the company did everything right. On the exploration side, probably 95% of the junior companies whose share prices start moving up the discovery curve finish down at the bottom of that chart. Very few actually end up with something of any real economic significance.
Seems to me until you reach the point of doing a fesability study to find out if it is worth mining there's not much but speculation, hopes, and dreams to go on.
Being curious I have watched the two shows on TV about mining in Alaska. Assuming these are indicative of small start ups then it looks like the odds even what is considered a gold rich area is not very good. Most seem at best to cover their meager cost. One of the larger concerns handed out $8000 a person for working for what 4-5 months. Think about it a waitress at a waffle house makes more than that in tips. It does make me wonder if reality and speculation are anywhere close in the same ballpark. Sure you have a few winners, but what are the odds of winning? Hope it is better than a lotto ticket.
Nothing but a made up rumor by traders to scam the stupid. This is nothing but a stock sacm to sell paper and remove money from the naive.
I also find it funny as we have no real idea of what they have found as nothing has been processed that we are sure of and reported. THe test results on the REES is still a mystery and we are well past dues on Q's and every day getting further behind and we talk $1 while closer to half a penny. Nice to dream, but at this point that is all it is. I find it even dangerous to hype and get expectations overblown as this lures naive people from their money as gold fever and greed take over versus reason. Of course, I'm sure no one on this board would try and fuel such a thing.
If this drags on to June|July it will be half of what it is now I suspect.
DB I know it not really you because they found the money in a creek. Pretty funny alias though. $200,000- now you got that part right.
A MM can sell for themselves or a client. At least that is how I remember it when I took the securities exam.
Thing is Risk I'm not a "trader". I came here to invest, just like I did in the other stock. I have learned that most pennies are scams or run by people that have no clue how to run a public company. I have learned it is more about selling worthless paper than building a company. I have learned that many traders will lie, cheat and steal their own Mom's to win. Please note I did not say all.