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Maybe the company still selling shares created doubt enough to sell. Kind of screams "doubt".
Anyway the PR/FR combo seems to be having the opposite effect. The RGI huge initial dump and continuing selling today. Its all about expectations. I was supposed win the gold and instead won the bronze -- this bronze is worthless. The company was expected to dredge xxx ounces and only dredged x -- the company must be worthless.
Could be a long few weeks until the next FR. Please no contest on guessing xxx ounces. But may that FR have xxx ounces instead of another x ounces.
Dredge Baby Dredge
4.5 dredges vs 1 dredge == $ .008!!!
Doug & John should never have release the "conservative estimates" imo. It has hurt their creditbility and caused skyhighe estimates.
It should of stayed an internal company document/study of what was possible - like an internal/propriety study.
Imo that was their mistake. The company actually has improved propects 4x to 5x with 5 equivalent 40 tph dredges and farming is now profitable. They are bound to find more diamonds somehow.
1st PROFITABLE year in the company's history of 4/5 years!
Daily/weekly profitable dredging gold and diamonds and INCREASING.
In the world of gold producing small companies: profitable, daily increasing gold production, world gold spiking; would that rate a huge huge huge rise in stock price from .002? I think yes.
Plus farming is now profitable.
The potential of SGCP going up 10x is really good. Of course it depends on the gold production. But imo it is already 4x under valued right now so 10x is only 2+x that amount.
SGCP should be at $.008 - $.009 based on actuals and forecast for BETTER daily production.
Reality: SGCP is a daily gold producer expecting to increase gold production. SGCP produced over 105 oz from a PR/quarterly perspective. Gold is spiking worldwide and some expect to $1600.
Dredge Baby Dredge! No hype no gloom remember "THE FACTS".
daily dredging for more gold and diamonds.
No AG/farming future plans in PR. Hmm.
Ken great idea!! Those of you who have Doug & John's ear, ask for a GOOD news update on gold recovery.
My e-mails asking for that have so far met with silence.
But but look what the RGI estimates have done to the stock price: from .0029 to .0018. Very very destructive.
If the expectations were at historical levels: maybe 30 oz/month/dredge ( but lessen it because of high overburden) to 25 oz/month/dredge = 100+ then the stock instead of $.0018 would have risen to the $.003 - $.004s.
The only thing RGI expectations caused was a one day dump of 44 millions shares from disillusioned RGI types.
Stock should be $.008: Based on actuals & a little forecasting & just a little euphoria (gold spiking fever).
Come on 4.5 dredges in prime gold nugget virgin gravel. Add the tons and tons of high gold concentrate sand overburden - sampled at 4 - 6 oz gold/ton of concentrate already inhand
A little euphoria is okay and proper here imo.
Spec,
Technically the company has not missed until the end of the season. But I totally agree, it fed truely epic unrealistic expectations on this board of 5000 ounce/quarter.
But the company estimates aside. The actual results say stock price should be in the $.005 to $.009 range on gold alone with diamonds a bonus.
Yep I agree the companies estimates fed totally unrealistic expectations. SGCP for the most part is not a BONAZA type operation. Only Dredge baby dredge - a daily grind operator.
SGCP only daily gold producing company in world going down in stock price??!!??
Ridiculous. Stock price easily should be in $.005 land. Even if SGCP were a totally newbie startup it would have a stock price higher than $.0019 or $.002 if promised 2 dredges starting lets say in April. This is a ridiculously low low stock price for a daily producing gold company.
Jacob, your gold spike continuing predictions so far are proving true. Here is SGCP now producing gold every day with 4 dredges going full steam and the stock price goes down.
SGCP must be the only GOLD PRODUCING (every day) company in the world to be going down in share price as the worldwide frenzy/euphoria over gold/silver spiking continues.
Bork is going to BIG imo. The beginning of perhaps someday a well known American company name (Apple, Walmart, IBM, Microsoft). They all started small as unknowns.
SGCP share price way way too low!
Same as last year with only 1 puny 50tph dredge (yes we knew about the 2 billions share dilution this time last year already. Just like we know about it now). 1 puny 50tph dredge vs 4.5 robuts 50tph dredges today.
Dredge Baby Dredge
Crusader please no vow of silence!
This stock is way way too low right now.
Man a lot of people dumped tens-of-millions fast just because their expections were so unrealistic imo.
PM, I like dredge baby dredge better myself.
Dredge Baby Dredge.
It seems to me (could be wrong) that we knew in Jan or Feb last year of the 2 billion shares. Of course the company just used them all last month.
If so, April 2010 knew of the coming dilution.
It's ridiculous for SGCP to be at $.0018 - $.0019, basically the same price as last year. Last year at we had 1 dredge operating. This year we have 4.5 dredges dredging for gold.
Stock should be at least $.005.
Could this be a $2s or more by next month?????
In this Gold going up & up due to fears of inflation world
and as you say SGCP is gold producing,
just one really good report of gold production from the gravels and I think the stock price shoots up.
I think Jacob Moore is right SGCP can go to the pennies on gold spiking to who knows how high, since each up is a new lifetime high.
4.5 dredges going full steam ahead on virgin ancient alluvial gravels full of gold (& diamonds??).
$1455 spot. Gold going to $1500 soon. Sure seems like it.
SGCP should be skyrocketing. Come on SGCP I want it all.
Okay when is the PR?
the Quarter is over and Doug's been back
and we desperately need an update showing big gold recoveries from the alluvian pay gravel (even just 1 week's worth).
Gold spiking UP, SGCP the gold company going DOWN
Imo, the company's conservative estimate poisoned the good news in the FR: 105.3 oz; tons of sand gold concentrates; 4.5 dredges on "pay" gravel. Sort of like expecting the gold medal, but one wins the bronze. The feeling the bronze medal is worthless - of course it's not.
Without the skyhigh expectations of the estimates, the FR would have been view as progress and good news - progress. Instead its being view as worthless and a huge disapointment.
The FR should of propelled the stock forward, instead of backward if not the "conservative estimates. imo.
Maybe on concentrates, SGCP wants to recover more than the 170 g/ton of gold. Requires more sophisticated processing as in to recover platinum, palladium, titanium?
Could have upto 5+ oz gold/ton/concentrate: SGCP has over 2 month stockpile of sand overburden gold concentrate.
How many tons of gold concentrate does SGCP have now?
Stock should be $.005 - $.008 right now imo.
---------------------------------------
year ago: stock $.0018 with 1 dredge 28 oz gold
now : stock $.0020 with 4.5 dredges: 105.3 oz gold
------------
Company in best situation EVER to recover much much more gold in next 3 months with 4.5 dredges. Will be profitable for 1st time ever.
Company has a 2 month stockpile of sand overburden gold concentrate that a sample analysis by lab implies high gold content. To be processed in the rainy season(?).
------------
I contend SGCP stock price right now should be $.005 - $.008
due to the 4.5 dredges going fullsteam mining "pay" gravel. 1 dredge March 2010:: 4.5 dredges going fullsteam in 2011
($.0018 * 4.5 = $.0081)
Both of you quit attacking people who post here.
You don't have to read their opinions.
I will continue to read them.
Penny, last June they had 3 FRs in one month. Obviously the 1st one was for May. But still had 2 in June.
So they could do something similar - 2 FRs. One for gold update and one normal one.
Spec, it will hit $.0023 this week. Maybe even tomorrow.
FR is good even if it is disappointing. All the buzz driving stock to .0029 are even more in place: 4 fulltime dredges, pay gravel, low river flow, etc.
Granted Doug & John were way too optimistic in their estimate.
There are gold and diamonds in Sierra Leone. SGCP has done sampling for gold anyway. All depends on results announced in PR and subsequent FR.
This stock can go up 10x quickly with hundreds of millions of shares (like in late 2009: went up over 5x in 1 1/2 days).
Rod,
The number to look for in PR/FR is: are they pulling 100 oz gold/week.
That I think is the magic (very close to conservative estimate) number for gold recovery. 100 oz gold/week * 9 weeks = 900 oz (starting last week March thru last week of May).
Next PR or FR will give us those numbers.
Hope to see you back sooner than you think.
stock broke out to $.0029. I believe momentum will quickly escalate to the $.003s.
Gold production in the next 6 weeks will increase dramatically (assuming the company knows what they are talking about on prime pay alluvial gravel). Dry season, pay gravel, slow river flow.
I have to believe that Doug & John are very motivated to make this the year of financial success.
I believe they are being profitable each week on gold and will be profitable every week for the next 9 weeks.
And I believe they will find MORE diamonds - Sierra Leone the land of alluvial diamonds.
The 968.9-carat (193.8 g) Star of Sierra Leone.
A month ago or so - someone bought at over a $1. Of course volume then was only 10,000 or so.
Now volume is up to 1 million and this week will reach over $1 again. Wow.
Spec, didn't you announce you were selling out today? Since you sold 1/2 your shares yesterday.
On the verge of a huge increase in gold production and it appears many/most of RGI crowd has sold out in the $45 - 46 million shares.
Rather suprising imo.
Look around Apr 8, 2010, SGCP stock was $.0018.
Today we have 4 dredges running fulltime on designated target: ancient alluvian gravel (supposedly scoped out by exploratory sampling). As pointed out by several, we are producing 4x more than last March.
So the stock price should be $.0018 * 4 = $.0072 (better than my forecast of $.005 or more).
IMO there is now too much doom and more doom. SGCP will be profitable for the 1st time in it's history.
Next PR/FR will allows us to gage. They are at the "pay" gravel. John has been implying that this alluvian gravel has lots of gold and diamonds. We should know in a couple of weeks.
SGCP has been doing this for 4 years - so they should know especially with the help of an exploratory geologist.
There must be alluvian deposits everywhere near the rivers (but still away) from the water. Why doesn't SGCP locate those and use a small frontend loader to open pit mine? That way we would not be so impacted by high river flows.
I still say diamonds are the key - we should be finding lots and if we can should double the profits (and there is always a chance we find a 20 carat or a bunch of 8 carat diamonds).
Doom and Gloom if results in a couple of weeks are not upto near conservative estimate yields imo. We are dredging acient alluvian gravel with all 4 dredges in the dry season with full manpower with good fuel.
Since this is an otc stock, and gold & diamonds can bring on extreme euphoria (it doesn't have to make any sense financially), SGCP could hit $.25 or more on euphoria and not financial fundamentals imo. I'm not predicting it will.
Penny, the conservative numbers were for 6 months (180 days).
They were not just for the dry season (3 - 4 months?). Let's be real. It rains a lot in Sierra Leone for 8 - 9 months of the year.
At least $.005 for first profitable year based on gold (& hopefully finding diamonds that are all over the place). Deserves at least $.005 and more.
Come on SGCP has been $.008 several times when it was losing much more money over last 3 years.