Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'd really like to do what that Russian TV anchor did when she mentioned Obama to SNEY's Mgt. Sorry, but they really deserve it after the ineptitude and silence!
If you missed it you can go to the Blaze.com
The stocks value is based on the perception of future earnings and at this point no one has a clue to what we have found and what the real potential is assuming we have the money to extract such potential minerals. Does anyone else feel like you went to meet someone and they never showed and there you are an hour later and no one called to explain why they missed the appointment? Hey, SNEY give us all something here to be thankful for regarding our stock purchase.
Right, but how much stock can you use at this point without huge dilution or having to RS? They need production to fund operations and ramp it up. It comes down to do the produce gold and minerals or do they just sell paper.
If your company is private, management will decide how much you are able to find out about your company’s financial situation. Private companies can keep this information… private. However, if you work for a public company, you can read all sorts of juicy (and not so juicy) details about your company in its public quarterly and yearly SEC filing. Public companies are required to pull back the velvet curtain and reveal all sorts of goodies like revenues, expenses, executive compensation policies, risks factors to their business models, etc.
The Bottom Line on Private vs. Public
So maybe you should send this paragraph to SNEY because they just seem to have a problem with this prt.
LOL
Well since we are playing non reality based fantasy games how about $3.
LOL
Which one .03 or .003?
He's confused with that other stock he bought.
Well, as bad as that sounds at least the plants are communicating with him unlike SNEY with us. Just how long do these clowns need?
So where is the honest saviour Ken and why has he failed to deliver the BVIG shares and why has he after saying WE GOOD and pumping the stock said nothing in 12 months? Your blind faith is misdirected at somone that does not deserve any trust by his actions and lack of them in the last year. To deny the price went from .25 to .005 and nothing is wrong is to deny reality.
Gold demand up
Despite record high nominal prices and bubble claims, demand for gold continues to grow. In its most recent Gold Demand Trends report, the World Gold Council finds that third quarter gold demand volume increased 6 percent to 1,053.9 tonnes. By the end of September, the quarterly average price of gold increased 39 percent to $1,702.12, compared to $1,226.75 in last year’s third quarter.
While technology demand remained stable at 120.2 tonnes, a strong rise in investment demand attributed to a large portion of the total gold demand. Gold investment demand, which includes demand for gold bars, coins, and ETFs [exchange-traded funds], reached 468.1 tonnes in the third quarter. This represents a 33 percent increase from last year’s third quarter. Interestingly, ETFs and similar products only accounted for 77.6 tonnes of the total investment demand. This means 390.5 tonnes of investment demand came from investors buying some form of physical gold. Holders of physical gold are less likely to be speculators, and this physical demand should be considered as one more counter-point against the bubble claimers.
As the world drowns in debt, central banks continue to stock up on the yellow precious metal. Net purchases amounted to 148.4 tonnes, the highest since central banks became net buyers of gold in 2009. For comparison, central banks only purchased a net of 22.6 tonnes in the third quarter of last year. This represents an amazing increase of 556 percent!
“Central bank buying was a highlight of the quarter. Statistics this year have been remarkable,” explained Marcus Grubb, managing director of investment at the gold council. The Russian central bank purchased 15 tonnes in the third quarter, while Thailand increased its gold reserves by 25 tonnes.
BTW I notice the same quote from the Kat board from a different poster or is that you under a different name?
There is a difference between investing and gambling. This is much more a gamble that 1) These guys know what they are doing 2) They are honest and doing their best for shareholders 3) They have enough funds and are prudentlt handling the cash. At this point none has been proven and only speculated.
Blind Faith now that was a good group. What no news today? That's a surprise. I think SP has taken many here for fools. Not sure about you, but I'd be pissed at anyone who lied to me. If SP has no morals and will lie to shareholders keeping him on is a big mistake. What little goodwill they had is about spent just like most resonable people's patience. SNEY has really turned out to be a turkey.
Really? And what do you base this optimism on? Besides what you hope will happen?
Thing is most of these penny start ups use investors or OPM as it is instead of their own money. Sure they should take a salary and bonus on production, but since they chose to be a public company they owe certain things to shareholders. You just can't take their money and say now piss off we got what we wanted.
I agree the shareholders deserve the truth and not to be left in the dark.
Good luck in your search for the truth wherever it leads us.
Steve
Too bad it is to the downside and the lack of confidence does not have us up. Funny how was it Jim or someone teased Friday was the day and nothing yet again. I have had no replies from any of them and saddened that they just don't seem to care how they are perceived by shareholders. Sure would love to know what is myth and what is reality. It seems even those supposedly in the know have been poor predictors to this point. Have a joyous weekend.
Sorry, I was wrong and apologize.
Really, please supply link otherwise you could be sued for spreading false rumors.
Gee I thought Risk said anything under .05 was good. Looks like he's a Walmart shopper after all. I thought being a true long he'd pay .02 just to get me off the board. Well, I guess I was wrong. Funny, he thinks he can get them at .006. Gee, I guess that means he really knows nothing is coming anytime soon and all the time he was blowing smoke. Too many players and not enough investors.
Not sure it will do any good, but it maybe what it takes to get them to open up sadly to say.
Can I get in on this? I have over 800,000 at about .02 ?
LOL
They ae getting down in SL
You have to have buyers I guess for that to happen. Seems no conviction either way. Those Longs prediciting great things are not buying or tapped out. The ones wanting out are not willing to take the loss or are just waiting it out. Seems like all just waiting on Mgt. to inform us.
Thing is perception is reality or don't you even get that? That is why this game works for those building the reality and us dumb ass greedy investors looking to make easy money and being fleeced. It is all a game until you find out your money is gone.
You really do not get it do you? Do you think for a minute that if Mgt. had filed the Fins as promised and told us what we had (assuming the million or more expected value) the stock would be at .007? Of course, it would'nt. Them fulfilling the promise to deliver the Fins. and showing us they were successful would have the stock back up to it's highs or better for the year. One begets the other.
Great post. Now stock manipulation would be an illegal act would it not? I know it's hard to prove and it would cost more to sue than it is worth to fight, but I do hope the that somehow those responsible eventual get theirs! I do think you hit the nail on the head. It also clears up why so many on the board are upset with what we have been saying. I know of at least one or two here that are insiders and it seems they are upset since they did not unload either and now are bagholders too. Seems their anger is directed at the wrong people. I hope they prove us wrong, but doubtful at this point. Sad that people have to make money scamming good folks.
Well, if the stock was up 600% would many be upset? No, they would just sell for a profit. It is hard to do when the price is down 60% from where you bought it after averaging down. Thing is the anticipation of great things with the dredges coming and then the promised financials along with the new equipment ordered and the samples given were the pump that got the price up. Since then no fins., no PR the new equipment ever arrived, and no PR of how much gold found. So, the lack of follow through by SNEY is what has caused the problem with the price. One caused the other so they kind of go hand in hand.
Who the heck knows. Maybe they will pull out a Thanksgiving surprise and actually come through?
Well, there goes the price. Thanks, Mgt. for your piss poor performance and screwing your faithful and bagholder shareholders.
As I said earlier it would not be a one for one, but based on a percentage.
Yep, never thought we should have went off the Gold Standard and even argued with economist Donald Ratacheck on the issue. There has to be some constant that currency is based on and since gold has been it for centuries. Problem remains government like having the power of a floating currency to hide their sins along with the bankers. IMHO a floating currency does hurt society as a whole and favors the wealthy.
Well, batting 250 is not so great and since that has no time line on after Nov. 15 how good is that?. Not sure it proves we are stable either. We don't know if there's a market for new shares at this point and it seems that not many have taken them up on those options since they may feel the risk with the spread is too high. I guess we can hope that they found enough gold to fund operations, but there's no real proof of that either. I'd hate them to have to sell shares at this price also. This leaves them the RS route assuming they need the money. Thing is who really knows? I think it is material in making a reasonable decision whether to buy or sell don't you?
I believe Sarbanes Oxley has some strong provisions, but to you point the tell will be in 2011 documents to prove wheter or not anything has been done. I agree you do not bury good news but get it out and that is the same argument I made with KATX, although there are differences. It will be interesting to see if those 'in the know' buy up all those selling as the wait for news drags on. That could be very telling. Sorry, this has not ended as we all hoped for at this point at least.
The only thing keeping me here is that I'm down and do not need the losses and a slight glimmer of hope they do the right thing, that it goes up on expectations that are pumped, or they actually hit a large amount of gold and the starts all align. That's about it at this point. GL
Doubt that will happen, but who knows for sure. I suspect if they do it would not be at the full price, but pegged at a certain percentage so gold would not run up to $5000 an ounce. One thing is for sure if Europe implodes the price will go over $2000 pretty quickly. Heck it may even if the Super Commitee fails to get a deal and we get another downgrade. These are scary times for sure.
My end goal was .12 and I thought we would see it by now, but since the Company did not do what they said they would do and we have no clue as to what has been found I do not see that happening any time soon and maybe never. People that delay things indefinitely have something to hide and that is the truth. A CEO that signs the 10K can go to prison if he lies. Therefore, if things suck, they just delay forever to avoid the problem. Kind of between a rock and a hard place for a CEO that has failed in what they are trying to do or dishonest. I do not know their reasons, I am just connecting the dots using some common sense. Therefore, the time is now to get these done or the only conclusion one can reasonable draw is there are problems. (you can pick which term you wish to use)
Yes, Santa Claus, the Easter Bunny and the Tooth Fairy are coming to your house tomorrow also. Show some proof that Ken will distribute the shares. Also, without any news what do you think they will be worth when there are no buyers? Funny, how when they did the original deal we made excuses that KATX losses would be made up by what BVIG prices were when they were .70. Now a year later and no shares, no drilling, no money and no transparency. It was all part of the pump and dump to drive up the price of KATX and I and many more bought it hook, line and sinker. Ken should do 20 years for this scam!
Maybe a smart thing to do? I do believe without some Fins. forthcoming real soon this will retest under .05 as people will lose what little faith is left and take their losses. SNEY will be looked at as hiding something and that is why no 10K. Why else delay what was supposedly ready? Not getting it done by now is piss poor!