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Dagg do you only fish when the SNEY season starts?
Yes, but they could sit there for years assuming they could fund dredging and never realize a profit. While that might work for them is does not do much for shareholders and then you have the risk of gambling as to what the commodity will be worth down the road. I think you are better off processing enough to fund operations and growth. Maybe set some aside for appreciation, but certainly not risk it all.
The way I look at it is it is all a pile of potentially valueable dirt until it is processed, sold, and the revenue recognized.
Big spread. Looks like it is just a waiting game with folks wanting continued information to build more faith and credibility. It is up to the company to prove itself and as they do we go up. Just holding watching and waiting.
Always good to be skeptical when dealing with any pennies. Connecting dots with limited data can get you into trouble spending more on a stock and getting wild ideas of what could be not based on reality. While I hope for the best I await proof and progress.
Good points. I did feel that they had already set up a production facility and had equipment and thought that was a given, but it seems we are not there yet. As for commodities you never know which way it goes. I know Geitner is in China trying to get the Chinese to move monetarily which will lower commodity cost, but you also have Europe which will seem to linger in doubt most of the year. We still tinker between inflation and deflation. Off course Governments prefer inflation and we still have all that debt being kicked down the road.
Yes, my comment to the same got booted. All you need to do is look at the bid and ask and see what people are willing to pay for BVIG. Since there is no demand for a basically dead stock the last trade shows. Until at such a time that the next P&D is set to sail this will remain DOA sorry to say as this is the only chance many of us have to get anything back out of this dog and that is only if the shares are distributed as promised to holder prior to July of 2100. Not sure if we or anyone sees shares as Ken has kept everyone in the dark. He seems as transparent as our leader in DC.
While I'm hopeful that the future looks brighter I have heard catch phrases before like the infamous "WE GOOD" many remember. I prefer to believe in some progression and see them build this up and show results versus some feel good phrase that pumps the spirits and dulls the mind. Ready for more fins., removal of the CE, results of dredging and an uplist.
Dam just turneed 57 on Sat. so I need it like yesterday.
LOL
Nice picture. Good luck Dredge. I hope you hit the mother lode.
Good week. We held strong over the 50 day and no big sell offs. Now maybe we can slowly build from here and get over the 200 day and then take back off to .02+. Have a nice weekend.
If you have not been burned playing stocks it is just a matter of time. I tend to also be skeptical in regard to pennies and like to see them prove they are something other than a wasy to sell paper. Many are very good cons with enough truth to get you hooked. This along with a large group of pumper\supporters can get you to look at things with greed and emotion versus common sense and DD. Add to this promotion and then things can get quite wild. I do like it that SNEY is starting to look more legit with the latest reports and being more transparent, but like you I want to see hard numbers of just what they pulled out and what folks paid us for it. Thanks for keeping the board honest and open minded.
past the 50 day moiving average and held. Next stop the 200 day. All we need is those fins and more news and we should blow past that mark. Once we get rid of the CE and uplist back to .02 and hard news on the minerals with good numbers gets us over .03. Let's hope we get all this sooner than later. Any ideas on timelines?
In other words none of your business. Pleaase show us where Vale made year 2's option payment has been made. I do not believe the deal exist any longer becuase if it did they would have made that payment. Thing is Ken is not disclosing this bad news just like he never disclosed RR hole #2 results. Get your shares yet? Me either. Ken should be in jail for fraud and running a stock scam IMHO.
I think Keegan is closer to $4. It is way down, but 12 months estimates are $11.
Well, from one that bought high last year and waited I would say this is usually the best time to enter a stock like this, but it is still high risk so only invest what you can afford to lose. After all it is a CE penny stock still on the pinks. Hoping the CE is soon removed and we uplist. We still are looking for some financials to be posted as we are behind. Good news is they are making progress and we have have two bright spots in SL and Ghana. While we still have a long way to go if you have 12-24 months or longer as a time horizon you should do well.
Someone once told him he was funny.
Jim can you at least wait until 5 for the heavy drinking?
Nice day so far hope we at least hold in the .007 today and build from here. Confidence will be rebuilt one day at a time and that will bring us more investors and less flippers.
Good analysis Mikey and open minded and honest and like you I have more questions. I'm hoping they get answered sooner than later.
Funny how volume was up so much yesterday. You think some may have known and now are a bit miffed they could not sell into the news?
I know you are not serious and I note the sarcasm, but you are way off base. I bought high and held and never sold a share. Can you say the same, that is about never selling a share? I kind of doubt it. Unlike some I do not play games.
Hope you are right and their timing is not eight months off again. Time will tell and people are cautious after being burned on the downside. A steady flows of PR's and real progress with sales and cash flow will solve a boatload of any doubt, but I suspect that is what it will take this time and just not open ended PR's, but hey just happy to see their alive and trying to be more transparent at this point. BooYah!
You may not get the chance this time. Depends on if we are now building on news and how many quick flippers we may have. I do suspect warrants are being cash in and that is the reason for the news, but we won't know until we get an updated share count. I believe that will supply the cash flow for the next phase. Also, if PR's keep up and they build the battered credibility issue to where people start toi have some faith and trust they have their act finally total and just not paper issuing stinkie pinky then things could get interesting. IMHO we still have a long way to go to build trust after last year, but the last two moves sure are a sight for sore eyes. Still staying grounded after burnt wings and watching.
If so, I think they should mention that so we get an idea at least how long to start processing. I guess the problem is always you get a some information but need more to complete the puzzle as to what exactly is happeing and when. Hopefully, more answers soon.
Seems like they have the equipment according to the PR but not the processing facility built yet. Let's get er done and money flowing ASAP boise!
SNEY Longs will be rich? Getting a bit ahead of ourselves don't you think? Let's see what they process and the values before we mortgage the house and book that big vacation. They admit they have to set up a processing plant. How long will that take and how much will it cost? Are we still dredging or on hold until the plant gets going? We are just at the beginning and while I'd love to see all this done yesterday we have no idea how long it will take. Let's hope sooner than later. I do find the timing interesting that this comes out prior to expiration of the warrants and not after. Are they trying to prime the pump to get warrants sold to get cash to fund the production equipment before they expire?
Well, that may answer any delays questions on actual production. I feel this could be looked at in two ways depending on your leanings. Some will say this is great news and others just fluff to give them more time playing the game. I am taking a neutral stance and while I welcome the good news and plan to stay in and not trade off this news will hope that this is all for real and that production will be set up quickly while they continue to dredge more product so things do not sit still until a processing plant (which I thought was already up) gets going. Good news and I hope the first of many positive PR's.
IMHO until what we have pulled out is proven and a hard value placed on it and the reports we are trading more on speculation and hope and not hard facts so probably it is a fair price or at least the market thinks so and needs more information to raise estimates of value. If they prove up the finds and we get a better view of what is coming we could and should beat the previous highs from last year, but it is up to the company to continue the momentum they started at year end and keep the ball rolling and investors interested.
Why do you think KGN with only what 75 million shares and $2.80 in cash per share is only trading in the $4 range if they have 6 billion in proven reserves? That does not seem to make much sense that it would be valued that low.
We do not know if that was current with KATX as there was no payment in 2011 as far as I could see and therefore if no option payment then no option. Also, if there is no option then how can they transfer it? Just wondering what the truth is and if Vale failed to keep the option then why has Ken not said anything and if they did where's the payment shown in the 10k?
a fraud is a fraud and no pump letter will make it any different.
Gee, I thought we would hit a penny today? Oh well, I guess we need more news to move and maybe that comes after the 15th?
Read it the same way. Since that was in 2011 why would it be included in a 2010 10K?
Then why do you PM all your followers? Just wondering?
Yep, I wish I would have listened to Gump and sold at .25 and saved myself all the pain.
Look I say what I feel. I do not trade the stock and play games trying to sway opinion and PM people to sell or buy. I'm not a player just bought high and watched it crash and got pissed off when they said they would get out the fins. in March and finally did in December. I do get pissed when people lie. Sorry, it is just the way I roll.
bashing???? I asked them to do what they should as all of us, including you got tired of the BS and delays. A bash is something that is not true. There is good and bad in the 10k. I'm happy they finally came through. A small victory now let's get going of the rest and show shareholders they have their act together now.
dam stokes you sound just like me. LOL
Funny first time I ever see you post and you complain about me? I feel honored, but I did nothing but ask them to do what they should be doing all along. Yesterday was a start. BTW suck it