Accumulating
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They lost the property in Utah from understanding. They've had the properties in Africa but the whole focus of SMNG for me was NAT SON. They claimed that over 500,000 ounces could be recovered.
The big concern for me is Nat Son? If SMNG officially owns the property and things are on schedule then great things will come imo.
I think he has 4 billion shares? Obviously he's going to do what he can to get the price booming longterm.
I look through the post on the board and IF I see one from you I always read it Fronk.
I've been quietly holding and not loading up as much as I'd like. Still going to be happy in due time
This stock seems to be moving off promotions but the last pr makes me very concerned. The key for SMNG is the Nat Son property imo.
This stock seems to be moving off promotions but the last pr makes me very concerned. The key for SMNG is the Nat Son property imo.
The weather is good in SL all week; and people last week reported about their trips to Sierra Leon. You complain but currently the company is on pace to making me wealthy. The company said it's goal is 1,000 ounces in 2012; they're going to reach at least a few hundred, so are they really doing as bad as you claim? I've probably been with more exploration mining companies than you? Compared to other companies that I've traded and trade on pinks, SGCP is professional. You however choose to complain because of PPS, but what you fail to realize are the simple truths: they're moving forward and in the right direction, doing what I want (shareholder). Let the price get down to .0001 and I'll buy half the company. The carbon credit project alone is worth 8 figures. Be a Long and wait on that? Please be a short and be satisfied after the next pr and GET OUT OF HERE! You can try to cause uncertainty with nonsense but I definitely won't listen to you. After all, you're unable to see what the black sands are: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Within the sand is microscopic gold but we don't have the equipment to extract it, therefore we're stock piling and stacking it. In the meantime gold will rise closer to $2,000 and when we actually do extract the black sands... Some of us will be living like Kings! In 2008 gold was $950 an ounce so think about how much our value has already risen and what the price of gold will be in ten years? We're going to be rolling in the 2020's LOL!!! With this first jv bringing in 500,000, and with another 2-5 deals being lined up, the company will have the funding to move forward to the next phases in their mining. The farming and dredging are both tracking in the right direction, so don't be surprised when the news and board are positive this summer.
My opinion: Buying at these levels is the smart move. I'm a Professional gambler; but you don't know me so process my words cautiously and do your own DD before loading up.
You think Scotland rules so I question your analysis. You complain saying there hasn't been a pr since the middle of winter; I say you don't know how to find relevant news. I have this press clip from Jan 26th, 2012 (Globe Newswire). According to it SGCP is starting to generate revenue:
Sierra Gold Corporation is pleased to announce that it has entered into an agreement with Accurate Resource Development Corporation (ARDC), a private U.S. company. ARDC will provide its expertise and equipment to work on one of the SGCP concessions to recover and process the black sands. Under the terms of this agreement, SGCP will receive $500,000 in the first full year of operation.
Doug Evans, Chairman and CEO, stated that he believes this is the beginning of a number of JVs which will increase shareholder value in 2012.
How do you figure? Or are you just talking out your keyboard?
The company has 1,500,000,000 authorized shares, 1,236,292,434 issued shares, and 746,292,434 Outstanding.
That means R/S talk is just that... TALK
Check out the latest financials for yourself and then you might agree we're going up: http://www.otcmarkets.com/financialReportViewer?symbol=ICBT&id=63393
The news never came we're all waiting on. Sell out or take advantage of the present.
I'll buy them at .0001
If you sell out now and just watch, you're going to remain the PoorGUY. Wait for the next assay report and sell on the bump. Selling then won't make YOU rich; but by the time they report results, we will all be feeling the increase! This of course is my opinion... I am almost always right.
Let's see: Last week myself and others said the .0002 would dry up. Today there is no volume so it looks like they're drying up. If you want in consider those .0003, up is the direction we're moving!
There is a lot of gold in there they just don't have the fund's to retrieve and extract it, so they're piling it up.l
Maybe people are wising up and not selling .0002's
Yeah. I'm hoping I come in at the right time but right now looks like a good time. I don't see triple zero's but it could get worst before better, but hopefully .0055 is bottom.
In case you didn't know pr's affect the volume. Icbt might not be moving but when it does do you think it will come back to .0002? It just has to break through .0003 not just touch it.
They don't seem to care if it falls below .005 or about the current pps. I owned this stock when it was .18 less than two years ago; and sold half my shares for good profit. I sold again at .12, and got completely out at .04. I haven't got back in yet but if SMNG has a colossal dip like you suggest, I'm loading up. The thing about SMNG is, the plan was always to begin producing after 2014. This graphing and drilling phase is taking forever and they're just really not updating anyone yet. I don't know if it's because they want shareholders to sell and do a buyback, or if they just know it's going to take sometime and aren't worried about pps. Personally I think it's pretty tempting at .006; but I've found similar gold companies like SGCP and ICBT hovering in the triple zeros, so I've decided to load up their and wait till this thing bottom's out. If this is the bottom and it goes back up I'll buy. I decided when I sold out that my target price for buying back in was .0165. Now that it's down here I have flexibility... I just don't think it's time to reload yet. Nevertheless, good luck All Longs!
Where are the new buyers? How can/will they hear about ICBT? This is the time for us to hold and/or load up? When new buyers come they're going to do DD and know they're getting a steal no matter what triple zero price they pay. With 51% stake in Cannwealth; and possible deals in play with 3 subsidies, a run should come soon. Think about it people? When we acquired Cannwealth they had less than 600 acres, today with our help we almost have 40,000 acres. If people stop selling at .0002 it will dry up and people will be forced to buy at .0003 or higher to get in, hold strong and let's buy the .0002 out. Let's make so much money that Bassbones buys me a beach house!
ICBT is going to have an MVP day. Not 100% gain but also hoping to see MMTE rise.
Only a fool sells this at .0001. I think soon ppl give in and start slapping .0003, then it can move at a pace we'd all like to see!
I understand spending $130 on .0001. I don't understand why anyone would sale at .0001 when they can for sure get .0002 today.
I don't think we're going to get the volume you want, I suppose it can come in a flash; but I don't think we'll see 100 million until next week. Too many ppl want cheapies, and nobody wants to buy at .0003. Ironically I think we'll have the huge volume again once we touch .0004, because then these guys bidding at .0001 will be begging to get their hands on ICBT at .0003. I think very few or none of those .0001 will hit, to be honest, I don't know why someone sold at .0002... Maybe they needed the $300 to buy something else. GL longs.
Thank you, thank you very much!
You don't know how to read the right indicators.
3-4 different JV's want to work part of SGCP. Allowing any in will generate income; perhaps the company can generate more on their own.
What I don't like is that the man in charge basically signed a JV merger with his own private company. This seems like to me that he is taking valuable land and working it on his own to cut himself into more of our profit. This seems kind of shady; and perhaps we should make sure he has our best interest at hand or force him out. His reasoning is we're already working too much and they'll begin working on something new which will generate us income, I just don't like him giving himself sweetheart deals.
Despite management pissing me off; they've managed to stack black sands is this is a GREAT thing. People can gossip here like idiots worried about .0005, or you can recognize that MILLIONS are sitting in black sands pile waiting to be extracted.
You can cry about the gold production or remember that the CEO set the bar at 1000 oz for 2012.
You can be a sucka and cry about them not dredging enough gold, or you realize that the next assay is going to beat expectations and buy now on the cheap.
As a long term investor I expect my money to more than quadruple from the Ag side alone. That will take up to 10 years to really bear fruit, but there is comfort in knowing our product and income only takes time to grow. In the meantime I'm waiting for over 1000 oz of gold this year and even greater numbers moving forward.
Stop listening or even reading people like Sagan. They're bad for the stock, they're bad for you psyche, they're bad for you!
If you believe in this stock long term than sit. Don't worry if it drops; and if it does, try to pick up what you can where you can, and where you're comfortable. I'll be trying sub penny if people let me. I think this thing will be looking good come 2014; drilling takes time so I would expect unusual days like today with minimal action and zero recovery..
I'm priced in under .00025 so I can sell for a loss if I want. To be honest I don't see how this is getting better; but I've been following a few of our clients and two in particular are making some great strides. I'll wait it out and hope for .0003 or higher by 2013 but I ain't counting on it.
None of that info is present smarty pants. If it's old, that would make sense. Check it out for yourself:
http://finance.yahoo.com/q?s=sgcp&ql=1
I think JB is working harder than we give him credit, and that he gets frustrated too with how things are going. Truth is, it seems like we have no new clients and not enough revenue or transperency to spark a lot of interest right now. Thing is, there's lots of talk about trade strengthening between the U.S. and China. The banking industry is also gaining some steam, so maybe we can see some upticks from the sectors showing improvements.
p.s. FSIN is looking the strongest of our clients with a 306 million market value.
I bought today at .0006. I spent most the morning trying to get shares at .0005 and then finally caved in and hit the slap. Sorta bummed to see someone got shares at .0005;but truth be told, I'll look to accumulate some more.
P.S. has anyone seen yahoo's finance's 1 year target est? I know it's Yahoo and just a prediction, but they're estimating $1.77 a share.
I don't know if I like SMNG for a quick flip but; maybe with a news promotion. I really do like it for the long run though. The best quick flip I can give you is MMTE. If you get in at .0008 or under you'll be set for a 100%+ gain by summer imo. I'm gambling on that result. I think I lot bigger best of luck.
I wish I sold everything when we were over .02. I bought in this last Jan at .004 and sold around .0085. I was happy but kinda sad because I could have made more. However, all along I've been planning on playing this Long so if that the case it might be time to jump back in this week, I'll try to catch the boat.
Yeah I agree, it's stacked pretty nice right now; hang in there guys and lets see this run.
Good to see you still around Didgi69. I hope for your sake that you able loaded up big around .0003? I already sorta was and didn't average down so much because I got cold feet. Still sitting on millions of shares though so in the future I'll do my best not to complain :)
Let me tell you a true story: In 2010 I made fast cash final tabling a world series poker tournament. I thought I was a whizkid gambler, and like a fool I invested thousands into this junk way too freely. I believed that the pride mill was moments from operation. Many believed that which is why the price was hovering between .0015-.0035. There was a huge hearing concerning the rights to mine the land that us shareholders were allowed to listen to. The company made it seem like the process of getting approval was somewhat of a formality, but in the hearing the board made it clear that they were NEVER going to approve CGFIA plans. From the tone and the reading of the verdict I sensed a displeasure for the company and its members in charge by the board making the decision. I sold ALL of my shares for .0012 and never looked back. Right now I was wondering what ever happened to the suckers that lost me thousands. Based off my past experience I highly doubt these guys can turn a profit within 18 months from even a .0002 pps; but with the price at .0002 I might consider buying back in. Somebody tell me some good news so I can consider giving cgfia the right to earn back my money and respect?
optionexpress works wonderfully.
I'm sorry click on the highlighted last word: "here"
If the link pops up click on the green tab near the bottom. If it doesn't work go to the homepage and look for the news from June 21st 2011. It's a 28 slide power point presentation on the Mongolian fund LP. It shows certain investments; and gives predictions, and gives a timeline for progress. I am just wondering if these plans are still in effect? The news is obviously old but I've been using it as a source so I wanted to share it with you guys and get your take.
June 21st 2011:
At the bottom is a link to the power point presentation given that day. In part this report is what keeps me optimistic. If you talk to JB ask him how the Mongolia Fund LP is doing
http://www.redwoodgroupint.com/subsidiaries/asia/
Have any of you checked out the website lately?
http://www.redwoodcapinc.com/en/index.htm