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 saw it the first time, but as with you I don't always just write for an audiance of 1. :)
I agree whole heartily.
This would have been great news 24 and 1/2 hrs ago..... heck it would have been great news 6 hrs ago. Now it is up in the air as to how much impact it has next week.
and it seems you read a lot into my post which isn't there.
I was only pointing out that for it to drop that low again with as much that has been traded and at what levels would require 1 of 2 things happening.
Sure either or both are possible.
LOL,
as I said from your perspective. You see the world only through your eyes, and miss the big picture.
I am sure if Dustin would have waited till Monday to release the news and we ended up closing at less than you paid today you would not be so gitty.
from your perspective, sure. It's no skin off my butt, I never went red today but if this news would have come out last night this stock would be sitting at about .004 or 5 right now.
So all you did was get lucky that the CEO sucks in his pr managment skills.
sure it is, you didn't own any shares at 930 am when we opened at 02. However, if we would have closed at 0009 I am sure you wouldn't think so.
and since we went from 12 to 02 in the last 8 minutes imagine where we would be if he would have released this tidbit of news at 10 am instead of 330 pm.
He needs to work on his pr skills.
about friggin time, wish he could have released it this morning instead of at the end of the day on a Friday.
Lousy timing on his part IMO
doesnt' that assume one of 2 things? Either people willing to sell at a huge loss or a dilution of shares by major shareholders in the company?
Based on the numbers that traded this last week it looks like the float has traded at least once, which would imply that unless someone is willing to just dump shares at a big loss the low has moved up.... granted that is all an assumption on my part, which would seem to be supported by bounce off 11.
I am sure there are some still out there with triple 0's but I think that number is very small.
Personally I at 001, and okay with that, especially if this does go back up like I think it will. Just think if Dustin would have released some positive news this morning that we would have broken 002 and on our way to 004 if not higher.
Hopefully he gets off his butt and releases something tonight (about 15 minutes seems to be his norm) or first thing Monday to get some interest back in this things.
Granted this is all speculation, and I could be wrong, but I am fairly positive that this has potential, just needs some decent news to make it go.
There will be some people selling at a big loss if this drops back that low. I have been watching the l2 over the last few days and there were tens of millions of shares bought at 16 or higher, cant imagine too many of them wanting to sell for that big of a loss.
I guess in part it will depend on their patience.
true, that would suck a lot more.
I just don't get it sometimes, this thing was moving well on nothing and if the CEO would have released some news this thing would have taken off, just don't get it.
Lack of news from ceo makes run fizzle. if the joker running this company wasn't running a dilution he should have released something positive, which would have kept this thing going higher. I am more pissed at myself for not selling at 2 when I should have.
I thought for sure he was going to release some news. His habit of releasing at 345 isn't going to have a whole lot of effect here even if he does release something.
actually what this needs is some positive news from the CEO.
This is faultering because the company hasn't released anything to keep the upswing going, since his announcement about using his own money to close a deal, which was last week.
This has had support all week, just silence from the company has stalled any progress and has prompted those looking for a quick buck to take their profits and run.
ROFLOL
I liked the ebay line. I am assuming the news and the subsequent sell off today is part of the reason for this response.
I see both differently.
The news I see as a good sign; someone with more capitol than I have has determined that this company is worthy of getting capitol to continue it's operation, I find it doubtful that anyone would be investing hundreds of thousands of dollars in a start up minining company in Africa if they thought their story was bs..... I guess they might need a tax write off next yr, but I find that doubtful.
As to the sell off; this is selfish, I want more of sney before it takes off, but I am waiting for a couple of stocks to go a little higher before I sell them and invest in sney longer term. I am comfortable with sney sitting around .018 -.02 until I am able to do that. I am thinking in about 2 or 3 weeks at most we will here something from Darkest Africa in regards to actual production, I believe that will be very positive news and this stock will take off after that, so I don't mind at all if it sits at this level for awhile while I add to my holdings.
Are you talking about the press release from the CEO? I don't argue that was good news and a good sign, but I am thinking something more in line with getting this stock to shot to the moon. :)
Welcome aboard,
To answer your question about the stock price, the company only started actual production about a month ago (April 8 I believe) and as of yet have not reported any actual tonnage of anything.
At this point everything is speculation based on a geological survey which estimated the tonnage of various minerals including gold.
There is also a Cavet Empreor against the company, which usually implies something bad about the company. In this case it has to do with late filing of SEC paperwork, which is in the process of being fixed according to company pr.
Like others I too believe this will be a big hit when actual production gets in full swing and tonnage figures of extracted minerals start getting released. Which will probably start flowing in sooner than later.
Personally I am hoping the news takes a little longer than most here, I am waiting for a couple of short term stocks to go a little higher before I sell them and reinvest in SNEY, and I would rather do it at this price or lower than at a higher price.
I know selfish. :)
so we want really good news!
LOL
hmm it's actually higher than I had planned, might have to try out trailing stop on this one.
bigger return than the .005 bullshark is hoping for?
When this stock takes off, any guesses as to how high it will go?
Does it peter out at .009 or does it reach it's yr high of .15?
I am confused as to how giving people with nothing in a recovering war torn region jobs where they make money, is explotation?
Unless of course you think it is a scene out of the movie Rundown or something.
so a T trade doesn't count until the open?
The T trade was for 12 that's why I was asking if that would count as an 11 or a 12.
Just curious, thanks for trying to settle that curiousity.
so we actually closed at 12 vs 11 if I am understanding you
gottcha, thanks, never saw that before and didn't know what it meant. I can make some pretty good guesses but that one was beyond my guessing ability.
I must say I did like the close and hope it continues.
I am with you, I am keeping my fingers crossed, just get real suspicious when things that happen don't make much sense.... and IMO this day at 8 didn't make any sense.
When the stock closed today it said form t in the l2; what's a form t?
I don't disagree, I have been ready for the news for awhile now.
What happened to the dtro cheering section that kept claiming news was coming everyday?
Don't misunderstand, I was sick and tired of reading it's coming, it's coming while the price kept dropping, but supposedly a couple of them were in touch with the company and now they have just disappeared...... makes me wonder if they are dumping thier stock.
SIGH!
I wish we would run out of people willing to sell at 8 and 9 so this thing can start moving up. Thought we had the other day, kinda frustrating.
I am only guessing here, but if Cheeop is claiming to own 6k shares he probably actually owns 6m..... granted just a guess.
I don't know him personally, but from what I have gathered through reading posts from and to him I would suspect he is probably pretty good at this little game of playing the pennies.... granted just a guess.
LOL, oops guess I spoke too soon.
been so long since I have been in the green on titl I am half tempted to sell now before something screwy happens
roflmao, I know there is supposed to be 3 dredges in operation right now. I was just giving Charlie an idea of how long production has been happening.
Personally I am not overally concerned, I could sell today and make a 25% profit on my investment. This is one of the first stocks I bought when I decided to learn the stock market.
I am rather confident that sney will produce and the stock price will go much higher once ore becomes marketable.
so to answer Cancun Charlie's question dredging has been going on for a month and a day, with at least one dredge.
The dredges arrived in mid March so assuming a few days to transport, and a few days to set up (probably closer to a couple of weeks for both) they have been dredging since late March early April, so between a month and a month and a half.
I would also assume if they had the ability to transport dredges and other equipment needed to conduct mining they could use the same roads to get material out..... possibly even barges, depending on the river. Don't know a lot about the particulars of the geography, etc of this area, but would assume if the ore is found in sufficiant quanties the infurstructure would be built to support the mining operation.
ROFLMO;
If I was sitting on the shares you are I would probably be bald by now. :)
ROFLMAO
that would be a good thing. :) I would really prefer a day that is sooner than later though.... like either today or Monday.
Would really like to see this thing take off, and compensate a little for the extra grey hairs it's given me over the last week.
Is it possible?
Did we run out of those dumping at 9? Selling average less than buying average.
Would really like to see this close in the green today. Hopefully this is a sign of things to come next week.
Please don't start the bs about news any day again, had enough of that to last a long time.
that's what I am hoping; that those willing to sell for 8 are sold out and that soon we will be out of those willing to sell at 9, then we should see this go up or at least stay right here until/if said news hits and or the bi monthly bounce which seems to happen fairly regularly.
I am hopeful that the rumors are correct, after reading how many shares you have, especially for you :).
personally like page 5 more. They seem to be a little behind on the production schedule but if their projections on value are even close to right, we should all be well of individuals this time next yr if not sooner.
Yrs?? Gold will be going back up sooner than later as will silver and other pm not to mention most commodities.
Once the pull back on pm turns back up, I believe silver will go on another 20 dollar plus run, as long as the guy at 1600 Penn ave supports the current economic policies in place our dollar will drop and commodities will rise, it's that simple.
That doesn't even take into account anything else like the growing unrest in the middle east, or unemployment, and a host of other problems going on in the world.
PM's, commodities, guns and ammo..... whiskey and medicine, seeds too, stock them all got a crazy feeling we will need them sooner than later.
didn't depend on anon investors from these boards. Saw it somewhere else, looked into the company (not as much as I thought I had obviously) liked what I saw so bought in.
Should have sold off when it hit the 20's but thought it would go higher. didn't find this forum until after that.
As I said earlier, with the various sectors this company dabbles in I think it's undervalued, but for some reason it just seems to be stuck in at this level, not sure why.