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It's answers like that that really discourage anyone from posting here. geez, maybe put the black sands on a bathroom scale?? of course not.
Everyone knows that the management of SGCP KNOWS how many tons of Black Sands that have been stockpiled. I'm merely looking for a number, or a reason why we can't be told what that number is. Maybe say something like, "we prefer not to disclose that information because it would lead to speculation and expectations". THAT I could deal with. But DON't tell me stories about scales.
How do I KNOW they have a number (and YOU should know they have a number too)
from last years FR Sept / Oct
Assaying of samples of black sand taken from both the Pampana and Sewa Rivers are currently being conducted by SGS Labs in Lakefield Ontario. The results will be published as soon as they become available. Small scale processing of those same samples, for test recovery purposes, will be conducted in late October. The company is continuing with the black sand collection program and to date 14 metric tons have been accumulated for future processing.
******
Whatever method, or scale (really? a scale?) that they used to get to the 14 metric tons number is what I'm looking for. and yes, I know it's an estimate, probably based on the size of the pile.
Charlie
I think you already know the answer to that quesiton. yes, it's frustrating to KNOW that they have some gold but won't claim a single oz of it.
just like it being frustrating to KNOW that SGCP has stockpiled huge amounts of black sands but no one can say publicly how much we have. It's got value, it's a company asset, and it's a fair question. I asked John about it when he was still here and his reply was, "we don't have a scale over there to weigh it." I swear, that was his answer to me. he was under a lot of pressure at the time and I cut him some slack by dropping the question.
Our neighbor had a nice 10-Q report today. I won't say their name because I don't care to be bleeped.... but in the report was something that should US some encouragement....
quote:
Shortly after deployment the two XXXXXX dredges were producing daily quantities of heavy mineral sands (HMS). This effort validated our early extraction estimate of 400 to 500 pounds of HMS per dredge per 10 hour day
********************
So if THEY were getting 400 - 500 pounds of HMS per dredge per day, then maybe OUR numbers are close to that???? I've been wondering what the size of our stockpiled sands are at this point. how many tons do we have? could be a lot more than we were thinking...
Charlie
I think it's GREAT that they got this out and EARLY too. I'm a little confused about something though....
not ONE ounce of gold to report? really? Even in exploration stage and maybe panning a little they should have gotten a few oz of gold and should report it.
Maybe in a PR coming soon they'll say something about it.
Charlie
TOSCA! Welcome back Dude!
And I am in awe of this report you've found! That looks GREAT! how did you find this? I wish the company would have posted this somewhere....
Charlie
I feel like such an old man watching all the kids play. I remember when I had energy like that. I wish them the best of luck! Bless them and hope that their pockets are big and their buys are huge!
All it would take is ONE well worded PR explaining the current status of ALL of SGCP activities (not just one) and we'd take off.
Sadly, Doug has a history of keeping all the good news to himself and not letting the world know of it. JV's? Leaching results? assay report details? value of crops in the field, details of rainy season ops? How about an estimate of how many trees planted to date for Carbon Credits and their value for lumber when harvested?
Nope. We won't know any of these things.
I don't think that John has really left.....
read the PR again.....
quote: I will assume the position of Director of Investor Relations and help Mr Rezek through the transition. I am resigning The CEO position to seek full time compensated employment and will not have the necessary time that is needed to move this company forward to a profitable position
John is NOW our Director of Investor Relations. So he is stepping aside to left Joseph be top dog. Maybe, and just a guess, Joe kicked in more money to buy the equipment and wanted to be CEO if he is investing THAT much money??? just a thought.
And John, if you are reading this, How about a web page with something in the "investors" tab besides under construction? Would be nice to see..
Charlie
ThSeeker, thanks for the info!
interesting close....
Quote: 15K to send my partner to West Africa to incorporate and permit our 4 concessions in Sierra leone with the Ministry of Minerals
4 concessions? 4 of them in SL??
now THAT was interesting. i thought we just had the one.
So when is this R/S and name change going to happen? It's been several days, or is it more than a week now, since it's been known, but not happened. e-trade still shows my stock under STHG and no split.
We need to get this behind us and move on....
Charlie
Risk, Thank you for the summary! I really hope that we will see a PR soon and then some movement.
Hi Risk. I really hope you are correct! I originally bought this stock, and simultaneously talked my family into buying this stock, while it was making an increadable run to .026. Within minutes of our buy, this PPS dropped and we've NEVER been green.
I'm hopeful that this week my family will stop thinking that "Charlie really sucks at picking stocks".
Let's get some GREAT news and get a good run going and keep it this time!
Charlie
I've got to say that I'm disappointed and worried.
I always knew that this was possible, I was just hoping that it wouldn't be necessary and that John would find funding some other way.
I hope that he gives us some news soon so that we'll know WHAT the spilt is, When the split will happen, and if dilution is coming. i know, I know, dilutiong is Why they do it, but this one looks like it has some dultion built into the spilt. Am I reading that right?
Charlie
Thanks Bali!
Quote:
FWIW: PR tomorrow per SP Text
I am still doing the Happy Dance
AND, I GOT MINE
*********
I was wondering if anyone contacted him and when the PR would happen. I'm really surprised that the share price didn't move up... I bought more today at 80 and then it went down. my timing always sucks, but at least I'm in!
Charlie
Quotes from the filing:
This recent alluvial activity suggests the strong viability of the alluvial opportunity on our concession and alluvial Joint Venture partners are being sought at this time.
***********
The large area west of the Offin River area contain some significant geological anomalies that warrant additional exploration activities. In the overall, this concession represents a significant future development opportunity for our Company.
**************
Our activities have been designed to make ready for renewed aggressive exploration activity once the Caveat Emptor status is removed and we have greater ability to attract exploration and development capital in 2012.
**********
Once additional mineralogical studies are completed, under the control and supervision of Sunergy board advisor, Alexander Beckmann, we are committed to opening up an entirely new area in the mining sector in Sierra Leone subject to our ability to raise additional capital. We expect to receive the results of these studies during the third quarter 2012.
*****************
Doesn't this exceed everyones expectations????
that last BUY of 25k shares was MINE. It took over 5 minutes to fill at the ASK though. I was calling e-trade to find out why when it finally filled, just before they answered the phone.
I wonder how many other buy orders are out there trying to get filled from the same ASK?? Maybe they MM's are sorting it out?
Honey, I'm HOME!!
This is HUGE! SNEY is now CURRENT! quotes on Pinksheets, no warning signs, No Skull, no Stop, no Yield, ALL GONE.
How much longer is it gonna take before everyone finishes reading the darn thing and starts buying more???
Charlie
Gem, that's why I picked up another 375,000 @ 4 at the end of the day. This could double and triple in a day or two after the awesome PR hits!!
of course, that's just my O
Last chance for 4's.... I'm trying to grab a few right now!
For the first time in MONTHS we have a gap between Bid and Ask and it's holding. We've had gaps, but they didn't hold. I forget, is that a good thing?
How many people are kicking themselves in the butt for NOT getting some of those 4's this morning? Soon we'll be saying the same thing about the 5's. All it's gonna take is a hint of a PR and they will be going Going GONE! Hell, it might go to 6 all on it's own!
GO SGCP!!!!
GLTA
Charlie
Anyone else (besides me) feel that there is a PR coming either today or tomorrow? I think I can hear Doug typing away.....
Just $200 gets us into the 5's!! What a welcome sight THAT is gonna be!
Wow! What a GREAT Friday we had!! I've been away for a week on a cruise through the inside passage and when I got back to Seattle on Saturday I finally saw what had happened!!
Did that FR come out during the last 30 minutes of trading?
When was the last time we had over a dozen posts on A SATURDAY?!? Good things must be coming tomorrow!
Thank You Wade for your summary of your conversation with Doug. it looks fantastic!!
I wonder how many tons of black sands we currently have stockpiled? We were attempting to get 20 tons by the end of oct 2011. Are we up to 100 tons by now?
And if Doug is recently back from SL then just maybe, maybe, we could have a PR soon??.... something about the leaching, or the new JV's or .....
Charlie
John still hasn't put out a public announcement for this name change. Hopefully he'll do it soon. I noticed out Ibox has the new name...
Interesting point about "John chose the dirty shell". I can see lots of advantages for him to do this. Like you said, it's cheap! And after he cleans it up? not so cheap anymore. and there is the advantage to us as well. Keep putting in a hundred bucks here and there and then before long I'll have a huge number of shares in a company that can easily double, triple, or 10 x multiples for my investment. Yes, it's my gambling money and I'm having a nice dream with it. So far John has meet or exceeded my expectations of him. There are always those that want to spread their fear. I just want to counter that by spreading my dream of profits....
Cheers,
Charlie
Looks like John is trying hard to get us current!
I wonder if the reason for the effort is related to getting the financing?? Maybe some investor is telling him.... "I'd invest if you were current, but not if you're not current".... just a guess, but it makes sense.
I went to breakfast and it filled while I was gone. Interesting that the ASK isn't accurate at all today.
This is starting to tick me off. The ASK is so thin, it's only a dollar. So I put in a order to buy @ 2. I received a warning from e-trade that my order was more than 20% higher than the current ASK. I placed it anyway. It won't fill! Then I noticed that someone got 200k shares @ 1. Must be me! Nope, it wasn't. my order for 2's was still there! So changed my order to .0001, and there it sits. I can't buy this stock at ANY price!
Anyone else have the same problem??
Anyone call John this morning to chat about all this new info? He's done a great job about being transparent, hasn't he?
And that ASK is about as thin as I've seen in quite a while. 2's and 3's are comin'!
Charlie
This was an interesting read. Did I see some 'financing' in there? It's a lot to sort out and figure out, afer all, I'm just a casual investor and not a lawyer. I did see something about a shareholder investor, equity, and loans....
Is this what we've been waiting for?
I smell a PR coming... maybe in the mornin'?
and I didn't think you could file something with OTCmarkets on a Sunday.... learn somethun every day!
Charlie
Antbear, you are right. I remember now reading something about this from a post from Dredge.
I guess something we (I) can learn from this is that the reported rainfall from areas in Sierra Leone may be light because of unknown factors, like maybe it's a low lying coastal area, and that the mountains maybe getting huge amounts of rain at the same time. So the rivers will still be raging with little rain being reported.
I'm still hoping for an update of some kind from Doug. How much more gold have we produced since mid-May? By now he should have SOME idea of how the new leaching process is going. Come on Doug, Let us know!
Charlie
Maybe Global Warming / Climate Change can work in our favor by giving us a longer season to dredge? Any report (maybe from Atilia or Dredgemaster) on how the river levels are doing?
Sunny, I was thinking something in the same line....
quote: Maybe we dont need a new "John", because
we get the old "John" back, in some way ?
Maybe, after they have producred a lot of Gold, they somehow merge the two companies? John doesn't seem interested in changing the name of his new company, Perhaps because he knows that soon it will not matter. it will soon be all one big happy company.
Possible??
BB you are Wise! Look at that, 25 million on the ASK. Why would someone put that up so late in the day?
of course, if Doug were to put out some Gold info then maybe it would jump all on it's own! How about some new JV info or tell us about 'Waterloo'.
Charlie
It just takes $350 of BUYS to get us to 4's! Anyone up to it? BB?
Thanks, I realized later that I was being sleepy and stupid. Of course it didn't go through. But the BID didn't move up by 1 million either, so I guess e-trade tries to keep it in house??
Anyway, good luck to all of us!
Charlie
Hey, I'm trying to BUY 1 million shares @ 1 and nothing gets filled??? Is that a fake BID of 3 million shares?
Nice to see that the ASK is less than 2 million shares.... and the vol is all 9's. Signal of something coming?
errr, I meant I was wondering what the little guy had to do with our gold.....
It's Napoleon that confused me. I was undering what the little guy had to do with our gold.... :)