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We will also have a report later on after they process the high grade concentrate. So we still have a few more gold production number releases to look foward to.
GO SGCP
At this time last year they had sold 5-6 times as many shares, so this would seem to be a positive for the company.Proceeds from Gold sales are invested back into the company. IMHO I feel we are way ahead in the game this year versus last year.
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Prime dredging time in Sierra Leone, A belly full of sgcp home grown veggies and grains for lunch and gold just waiting on us. lol Dredge Baby Dredge
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You stated they have not reported how many shares"diluted" from Jan-June this year. That is incorrect look at the Form D filings.
Then you will see the huge decrease compared to last year. Fact.
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Incorrect! They have reported all shares sold by SGCP this year. You should look at the Form D filings. You will then see we have greatly reduced shares sold by the company compared to this time last year. It would be nice if you stayed with the facts.
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I have to agree. We are so far ahead of where we were at this time last year, increased gold production, increased farming, decreased stock sales by the company. The pps will take care of itself. Shake out the short timers.IMHO
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WOW It is getting pretty Bizarre around here.
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Tosca thanks for the info. It looks like we still have a lot of gold in the concentrate to be processed. SGCP is moving foward.
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I have not heard an estimate yet on the containers. I am looking foward to hearing the numbers on the high grade concentrate they have been stock piling for months.
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Im glad you got out too. Good luck in your future endeavers.
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I prefer rum with kool aid myself. Their accounting method is the same as it was before I bought in. I am pleased we are recovering more gold and have diluted substantial less this year at this time compared to last year. Yes some things can be improved upon. Thats why I communicate my suggestions and concerns to the company.
GLTY
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We still have the high grade concentrate to process also.
IMHO It seems as if we are moving foward.
GO SGCP
DREDGE BABY DREDGE
I have to agree p/m. There is nothing in the financials that we did not already know months ago. It just verifies that the company is moving foward. Increase in gold recovery and less issuance of shares for operating capital. IMHO
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If that is the real story then why is the selling of additional shares down 80% compared to this time last year.
I agree the return on investment has not proven itself yet. Things sometimes take longer than anticipated, I know from personal experience, I do feel they are continuing to improve.
I have taken a huge hit also on the recent reduction in pps, but I feel the fundamentals of this company are good and they will continue to move foward.
GLTA SGCP
If you would review the info the value in the leases they have on land is actually worth a lot more than that.
GO SGCP
From looking at the filings it seems they have greatly reduced there dependency on raising capital through issuing new shares.
The few companies I have started up myself I brought in investors/partners to help with the start up costs and the expansion period working towards becoming profitable. At times we had to decide either reinvest income and raise additional investor funds to continue to grow or stay at the size we were at. So I guess we could be using artisinal locals to hand pan for gold on a few locations or add dredges, secure additional lands, permits, equipment and grow towards increasing revenues. It is always a gamble, it has paid off well for my personal ventures as I suspect it will with SGCP.
GLTA
Last year at this time they had sold enough shares to raise $827,000 06-16-2010
This year as of now they have sold enough shares to raise
$155,000 06-09-2011
That is a huge reduction in capital being raised by issuing shares.Actually $672,000 less this year.
IMHO I view this as a step in the right direction. If we still have gold to process we may see the release of shares for capital even reduced further or even halted. Looking at those numbers we may be closer to being self supportive/profitable then many here think.
GLTA
GO SGCP
I agree with you P/M while this is just a field report, It contains information on how funds have been invested for future earnings. Those are the items that should be looked into and D/D done. What equipment did they make a down payment on, what type of minerals are they looking to recover , where are the additional dredging sites being pursued. and so on. It would be great to be up 25% today, but I have patience. If they are taking revenues from shares and product sold to invest in the prosperity of this company and not in thier pockets I have to say I will continue to invest for the future also.
All In my Humble Opinion
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1-2 oz of gold per day per dredge. Then throw in the diamonds its a pretty good improvement in the right direction.
hey My personal opinion is you can have any view point you desire but do not let yourself be manipulated by others with a self serving directive.
imo Wasnt a typo just mm"s try to scoop up cheap shares.
Go SGCO
Put in an order for a mil at ask 15 been waiting 9 min now for order to fill. Makes you wonder huh
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In My Humble Opinion MM's push price down , Bashing increases Even New bashers showup, Increased Volume, It ALL Looks good to me.
GLTA even the MM's "Thanks for the cheapies"
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Remember dont focus on what is in front of the curtain Look behind it.
IMO man they are trying hard to sweep up some cheapies. HOLD LONG and STRONG guys. We are to close to great numbers to fall for these misinformation and imo decietful games.
GO SGCP
They got DUPED I appreciate the cheap shares the last few days.Maybe I will give them a ride on the Dingy past RGI so they can wave at everyone. LOL
All In My Humble Opinion
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IMO it has just been MM's trying to push the price down combine that with the bashing and volume right before a new F/R is to be released. Dont fall for the head games You bought SGCP for a REASON. Hold firm in your D/D and Beliefs.
GO SGCP
IMO omg we are up 14.3% I wonder what must be in the F/R for May?
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IMHO Hold Strong It is a fake wall They know what is coming.
LONG and STRONG
GO SGCP
IMHO I think the mm's have shaken about all the cheap shares out that they can. It could be a very interesting power hour today. GET THE CHEAPIES WHILE THEY ARE AVAILABLE.
Just my opinion but i think we have a good close today in anticipation of a great f/r on Tuesday.
GO SGCP
I think some people have been DUPED in my opinion. MM cant has driven the ask down today. Research them.
http://www.cantor.com/sales_and_trading/equity_capital_markets/contracts_for_difference
just some interesting info.
IMHO go SGCP
If this is your true evaluation of SGCP, then why do you spend so much time on here?
I see all your posts are negative so if your trying to get cheap shares good luck. You will have to stand in line behind me. Im locked and loaded just waiting for the chance at some some EXTRODINARY cheap shares.
Scroll thru my posts and you will find the information on how much land we have rights to. As far as fertilizer goes I dont know but will find out. Potash is more expensive but the increase in crop size more than makes up for the additional cost. They sell all commodities in country.
IMHO
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If 16 were to break it would never get below 15. Just myself would buy up all you could throw out at 15 for a few days and be very happy about it. Not counting the other longs here. Plus if you review the charts they have been trying to shake out any cheap shares they could for the past few weeks and not much has fallen from the trees.IMHO
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Increase in Volume and Increase in Bashing.
Something great could be coming our way.
IMHO
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Excellent Post The facts speak for themselves.
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4.5 mil just traded at the ask. Tha same price as yesterdays close. Hummm. Seems someone was trying to shake a few cheap shares out this morning. IMHO
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One Must Wonder: How High will SGCP GOwhen the company once again puts up numbers showing an increase in Gold/Diamonds over last years numbers. Will investors cry when thinking of the day they sold at 0017. IMHO
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Interesting read on the future of farming in Sierra Leone
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