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Yes, it does if you are down 70% and don't need any more write offs. Many here are down after buying a year ago on the last run. And yes, they all have a right to voice their concerns just as much as someone wanting to constantly dance or party in Cancun.
Me too. Hoping they get it all done and quickly or this will be a very long summer.
My theory- Bagholders like me holding. No money to buy more without proof from the rest at this price. Mgt. needs to hit or get off the pot!
Mikey, I respect your candor and think that 90% of the time you are correct in that most pennies are pure scams or suffer from mgt. that is clueless. Yes, there is a rare one that is above board and has good mgt. Most sell the story and do not care about reality as long as the story holds water. They want you to buy and buy and hold and hold while they sell. Many poster are in on the fix. Yes, it is corrupt and I for one have fallen for it and lost money as many here probably have. You making money off it is not dishonest IMHO as long as you do not try to sway opinion and trade off of it. I do hope SNEY is one in 10 that is legit and good, but the jusry is still out I think, at least. GLTU
Thing is Risk we don't know for sure it is. We do know thay have not kept their timelines. So in that respect they have not been completely honest and since it has been more than once it is a bit suspect, but other than that the rest could be excused by poor planning or management. I think much could be cleared up with good and honest coomunication so they do not look like they are hiding something.
Well, if that ever happened I would kiss Ken's big hairy ___. Thing is we do not have our promised shares and BVIG has no cash, no money to drill etc. etc. Now how long can Alan say soon and still believe it? What has it been over a year? So when you all say soon it is really some indefinite period in the future - right? If I and others did not lose so much money it would be funny.
Suc it Trebeck.
Still that is a boatload of shares. I'd like to see the revenue they produced and expenses paid. I'd also like to know with all that what we accomplished and what kind of income it will produce for shareholders if any.
Mikey are you kidding me? 1) Corporations do NOT pay taxes. You and I and everyone who uses their products and services pay the taxes as an embedded cost. So let's not kid ourselves.
We need to cut waste. So what is waste? Let's start with the Governement. Government is a cost factor on a balance sheet as it produces no goods. They have salaries higher than the average and pensions while most folks have 401k's. They also have better benefit plans and contribute less. On top of that they have to give away more goodies every year to get their budgets increased and justify their existenece. They make up rules and regulations that take productive time, energy and money away from private industry and our personal lives. They have little control over fraud and abuse also. How about cutting there and cap all government spending to 18% of GDP period.
Then we can talk about leveling out taxes and closing loopholes to disengage Government from using the IRS and codes to social engineer. Everyone should pay taxes. As it is now 47% pay no Federal Income Tax. Who do you think they will most likely vote for? The person that allows that to continue or the one that requires they contribute. It is all about power and control. One party wants you to be subserviant and the other self reliant.
Mikey, it could happen, but Europe is far from fixed and by the fall Greece wll be in trouble again and I expect default this time. We also have that little wild card called Iran and most likely by July it will be bombed as Israel said yesterday they will not inform the US of action in advance and with the folks we have on Pa. Ave I do not blame them. Also, do you really think the US is now OK with gas this high? If it stays up it will put us right back in recession. So, I think you are putting lipstick on a pig right now.
Not saying the sky is falling but I do try looking at both sides after being burned and over the years have found the naysayer right more often than the hypsters on these boards. That does not mean there are not some genuine good folks here, but there are some wolves that would sell their momma to make a dime also.
That seems reasonable. Thing is by then if nothing transpires as hoped for the stock will be pretty much worthless, but that's the risk I guess in holding. It really comes down to trust in the end that the folks running the show know what they are doing and have integrity. That is still an unanswered question to me and without knowing them personally all you can do is go by what they do. So far at least they have not done much to build up confidence IMHO. I hope that soon changes.
Tried a few times and gave up. Like I said before and will say again they need to put everything in writing so it is not hearsay and they can't deny what they said. I want it on record.
whatever, I think most here would agree you are the most constant mouthpiece.
Yes, we are more than ready to get to some conclusion and want to know the outcome. I want to know if I've been lied to and cheated again or that these guys are legit and have something. Their actions this last year don't show strong conviction either way at this point.
Because I think most here will agree you are and have been the conduit for Steve Parent on this board. Thing is Parent has treated you poorly. He tells you what you wish to hear and you report and therefore my friend despite good intentions Steve makes you look bad. That being said I hope things turn and soon before we go back into hibernation or this will get ugly IMHO.
So we miss out this season with nothing happening are you still going to be calling for grit or just BS on Steve ? At some point people lose faith in those that ask for patience and grit only to be disappointed in those that they expect more from. You have put yourself in a position of looking like a hero or fool. I do hope you come out as a hero for my own self interest, but so far SP has not treated you or any of us as a trusted advisor and I think that is Mike's point.
Not good right before they are to come out with Q's. I suspect more shares issued and maybe they don't want anyone to know right now. This is total BS and despite all the hype shows what we really are dealing with here and it does not look good. Well thanks for peeing on my cherrios.
Why did'nt you just say then it was nothing new? Risk this stock looks sick and SP and mgt. is doing a terrible job supporting the shareholders.
You just keep on beating those drums Bali it seems your plan is just working fine. LOL
Wow now I feel so much more confident about SNEY. Way to go Mgt. bleed it dry and watch it die!
Agree, all the drum beating in the world makes little difference. It is up to SNEY to do what is right. Fo many this maybe the last time for them to get things right and done because if they do not this thing is toast IMHO.
No, but details on the concentrates maybe?
Now if that is the case I wonder why SP just can't PR that information so all can see it. Seems to me that information shared with individuals about material facts should be put out for all and not just a few. I'm not blaming you for going after the information, but am mad at Parent for acting unprofessional and putting the company at risk for disclosing what could be viewed as inside information. Again, makes the company look like a bush league operation.
Last time I heard that I lost 100K so I hope not. The hype needs to be turned off Bali. They have given us nothing so far to get that excited about. This would have to get to $3 or better to be life changing for me and I do not forsee that happening with this many shares ever.
Maybe the Oil group can prime the pump with some oil?
Wow after all that I'm really pumped and feel better about SNEY. Please note the sarcasm. Still waiting for these guys to act.
I just worry because last year after a the rainy season nothing but the stock going down happened. We are about a quarter away from that period now and running low on time to get things done. If we don't then we could have a very long year with nothing but more pain. Being down I really don't wish to go through that again and them waiting to the last possible minute to get current and tell us what's happeneing is not haelping any of us shareholders as far as I can see.
Nice to know, but better to know what is going on.
I do have to admit one thing they sure are not hyping their own stock and doing anuything to get the price up in any hurry despite the small pumps on the board. Was hoping for some news this morning, but does not seem like today is our day. Surprise, surprise.
Sure could be and possibly is about all we have. AS for Beckman we have no heard a thing about what was brought over to Germany. Would you consider those findings one way or the other as material? I would and yet no disclosure? Why? Do you consider what they have pulled out and what, if any, has been processed material? I do, but still not disclosed. Now we are talking about fine particle gold. When the dredges arrived they talked about the visible gold being removed. So what happened to the visible gold and how much do we have or is that to be forgotten. Don't you think after all this time they should somewhat clarify our position?
Saw on one of the gold show you could extract small amount of gold from sand you buy at the hardware store. So, what does any of the conjecture prove? How about all the hype? Well, really, nothing but dreams of what could be. Back to reality. Still waiting for financials and wondering why it is taking so long. Still waiting on some , any, reports on how much gold, black sands, Ree or anything we have processed for revenue at this point. If all we have is a big black pile of dirt then how much and when are we planning to process it and from the samples what do we have. Now someone knows this and is not being transparent for some motive. Not saying it is good or bad just wondering what is really going on behind the hype and catch phrases, which I have heard all before and turned out to be nothing but BS to get folks to buy and hold. How about some red meat and not hearsay and what could be, but what is real and tangible or is that asking just way too much. I expect that will be the answer.
Really? That was the big one pumped and Ken teased worth 5 billion so what do we have that is better? Also, seems you know something about Cabot you are not willing to state. Like maybe Ken never paid the note and now we don't have Cabot either? Come on if you know something share it with everyone since Ken is not willing to tell anyone what is going on. Looks to me like they are shedding everything that requires cash to keep up and that is not a good sign. I suspect Ken stays quiet because he has no good news and this way he can let his minions pump and sell a bit of his shares off and at least pay bills or his bar tab.
Are you so sure of that? I believe that had a note they had to pay to keep the claim and they have done nothing on the claim. And if HC was so great they would have had financing by now and reported another drill program, but nothing. Ken is a crook and anyone supporting this fraud IMHO is no better.
Yes, it is not an easy business, but hey they knew that going and and have been working the area for a good bit now with Allied and now SNEY. They were willing to take investors money and it is not too much for investors to ask for results and be kept abreast as to progress and that required paperwork is done on time. It is all part of the deal of running a public company and comes with the territory. Sure it is not like running most businesses in the US, but they knew that going in. Sure you can cut them some slack for unforeseen events, but when you are here and they do not communicate why they are late you come to conclusion. If you take the money you take the responsibility behind it. These guys are not self employed and acting as such for their own interest and not of the shareholders can be a problem if they forget that. Good luck to us all even the ones that expect something.
Sorry, but I don't want excuses, but action. If they have REES worth selling then they ought to know by now and be developing a plan. Is it econmonical to ship them to a place to process them and still make a profit? They talked about a value a year ago, but nothing since then. Just like the gold be extracted from the river not a dam word on how much we have. Sorry, but at some point you prove what you have or get the BS card laid down. Time for them to start proving that they have the goods so that the stock can show some value. Otherwise we wait and then have another rainy season and wait with the stock declining to nothing again until this time next year. That will lead to just more dilution and most likely a reverse split to get the share count down and then the price tanks. Played that game and don't want to be here when that happens holding worthless paper do you?
Yes, and it would be really nice if we got a report from Germany to see what we have and if it was worth while or just more hype because REE are a hot item. Time for this bunch to prove something , anything what they have. It has been a year and time to fess up!
Hey mike I for one appreciate your input. You come acrtoss with no bias just good information. As for SNEY it is unproven and until management proves the hearsay then it will remain in limbo. I hope it is the real deal because I'm under and don't need the losses, but I'm not kidding myself either this is still a pinky and until mgt. can get rid of the CE and start acting like a friend to shareholders and be more transparent and up to date I suspect the price will continue to be whatever the market deems it and not any premium to it based on confidence, which mgt. has failed IMHO to bolster.
Just say it as I see it, which is more than I can say for a few on this board. I'm not dancing and not bashing just being myself. I'm still waiting and down about 70% so not much to be thrilled about and they have not given anyone a reason, besides hearsay on this board, to warrant much excitement. The best indicator is the price and with all the selling it is not doing the happy dance either. Have a good day.
So how long you gonna wait it has been over a year since Ken talked to shareholders? Me thinks you are in denial or maybe you just are not being honest with people? How can people after seeing the best property go down continue to try and deny the truth. Look folks wake up we have been scammed. No one want your worthless shares. Why do we post? Because we are pissed at Ken and don't want anyone else scammed like we were. Yes, we woke up and about time you stop cruising De Nile and apologize to all the good folks you sucked into this black hole!