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Q's posted......
Now??
Soon??
Are we there yet??
How about now??
let me check it again.... nope, not yet....
reminds me of a road trip as a kid.
OK, I couldn't stop myself.
I put in another 70 dollars and bought another 10,000 shares.
I think I got it in just before the news hits.... (wink) :)
it's fun making money, isn't it?
Charlie
Thanks TOSCA. I really like hearing about SL1 and the CC projects in general. Just imagine what would happen if a PR came out explaing what the current status of the CC's are!!
I remember reading some DD (perhaps from you) about a American college working on cloning trees for carbon credit projects in Sierra Leone! They didn't mention SGCP, but I thought it was possible that they might be working with us.
Keep up the good work!
Charlie
Risk On, Thanks for the PM. I think those middle-aged guys have way too much money and time on their hands.... oh wait, that sounds like a lot of us, doesn't it? hehe
Thanks guys! That's about what I thought.
Good info on Ghana! Wouldn't a million be enough to make us into Green PROFITS?!?
my Cancun Girls are singing ~ "It's gettin' Hot in here!"
Does anyone know the current location of Steve Parent??
Someone here guessed that the Q's and PR's will be released when Parent returns. It made sence to me. Wouldn't we want Parent stateside to write PR's and work the phones once the floodgates of information open up?
I'm just keepin' it light as well.
you know how everyone pumping says, "To da MOON!" Well, that was my moon gold.
not that we have to shout it, but I know we'll get there just the same.
Costa Rica may be too hot... anyone been there? well, let me go and check it then. C ya!
Very true! I've only vacationed in Cancun twice and really liked it. Costa Rica maybe another place to consider.... So many warm places with hot girls and all the time in the world.
I'm not sellin' after the jump. I'm waiting for the moon gold to hit!
GLTA
GO SNEY!
Charlie
I'm not worried about the Q's AT ALL. Call me dumb and stupid, just not fat, ok :)
This management team sounds excited about what is about to happen. Why shouldn't I be excited too?
Risk is right. They are PAID with shares right now. I'll bet they'll be going onto salaries and cash bonuses once current and profitable. of COURSE they are doing everything they can.
Where is the money going? Well, aren't they setting up a 4 stage refining process from scratch? Doesn't that take $$$?
Dudes, I have no idea what is coming, but I like it!
Charlie
I'll agree that it is GOOD FIELD REPORT! But am I the only one that was looking for a assay report similar to the one we got in the field report on Feb 9, 2011? I know we were all surprised when that one came out, but since they were saying that they would publish the results, that is what I thought they were talking about. I'm happy knowing that there is a lot of gold in the black sands (18 - 180 grams per ton) but I thought part of the value of the black sands was in the rest of it's content.
GO SGCP
Charlie
I have to chuckle and say," Never argue with an idiot. They never know when they've lost. They only know when you've stopped talking about it".
GO SNEY!!
I am so anxious to hear more about this stock and this company! Hoping to learn more soon!
Hey Dredge!! Tell us more!
Charlie
"Need a CPR".... LOL I'd try to find my Cancun Girls, and THEN need a CPR!! haha
Anyway, if this all comes true, then I don't think we'll be stopping at a dollar.
How many places other than China can process REE's? Not many. and if this is a low cost, comparitively easy way to go, then I hope they get patents and keep the deltails to themselves. We could become a hub for refinning and that would be an ADDITIONAL huge on top oif all the other HUGENESS we'd already have.
HUGELY yours
Charlie
Risk, these are some of the same questions that I've had about this processing. How much would it cost to set up? what kind of volume could they handle and would they need to buy more black sands from other companies doing dredging?
Also, some concern is the problem of getting equipment INTO Sierra Leone. I've heard that the import tax on everything is sky high and lots of cash is needed at every step if you want anything to move. I know, these are common problems in 3rd world countries.
of course the scale would have to be small to start out, right? But what is really cool about this is that they will be doing a 4 stage operation, and they will be getting cash flow FROM THE FIRST STAGE! So this becomes self funding!
Also.... from the PR:
"Analytical testing is ongoing and results will be published once enough material has been tested to give representative results."
so we should be hearing more in another PR soon. If they could release THIS PR before becoming current, then why not another?
Hopeful!
Charlie
Hi everyone! Thanks for the heads up and the invite!
I'll just read a bunch of your posts and I like it!
I like that you can talk about other stocks, reccomnedations, and not get deleted.
Charlie
The volume should be so much more than it is right now. We sould be seeing 10 million in volume with the recent info we've gotten.
Powder-less Charlie
Nice to see this stock moving UP again!
What would a 40 ton cargo container full of black sands be worth?
If we get an average of $5,000 of gold per ton, plus all the other stuff in there (REE's Platinum, etc), then MAYBE half a million dollars per container? A percentage of that would go a long way to getting us into profits!
Let's convert this info into ounces. That's the unit that makes sense to me because I know that gold is selling for over $1600 an oz. I have no idea how much a gram of gold is worth.
If I'm reading this PR correctly (and I'll be the first to say that maybe I'm not) then AFTER we've already pulled out all the gold we can, there is 18 - 170 grams per ton of gold left in the black sands.
That converts to 2/3 of an ounce for the 18 grmas, to 6 ounces of gold for the 170 grams. 6 ounces of Gold is about $10,000!
I know it takes a lot of time and work to get a ton of black sands, but still thought this was interesting.
Charlie
I couldn't disagree (respectfully) more!
This would mean IMMEDIATE cash flow for us! No need for further dilution! We just pull out the gold, sell the black sands, and become profitable quickly!
I'd say that was the best PR so far!
Charlie
New PR for our neighbor in SL.
This other company just stated in a PR:
is pleased to announce that 4 non-associated groups have shown interest and entered into negotiations to develop a joint venture situation to process its Black Sand tailings.
I wonder if SNEY is one of those companies wanting to buy the Black Sands????
Charlie
NEW PR!!
http://finance.yahoo.com/news/Sierra-Gold-Corporation-pz-1073772542.html?x=0
TORONTO, Jan. 10, 2012 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) is pleased to announce that 4 non-associated groups have shown interest and entered into negotiations to develop a joint venture situation to process its Black Sand tailings.
The company is in the process of reviewing all 4 offers. We will be looking at reliability and what will be in the best interests of the company.
Sierra Gold Corp. is also pursuing its own ability to acquire equipment to enhance its gold and strategic minerals recovery from their black sands. Black sands gold content, as previously assayed and reported by SGS Labs in Peterborough, Canada, range from 18-170 grams per ton.
So then... all those that say this is a great thing.... you're all trying to buy more shares this morning, right? Why isn't the PPS moving UP on this great news?
Production vs non-production
Please excuse my inexperience in these matters, but aren’t we ALREADY in production? I’ve been reading plenty of recent posts that claim we aren’t producing anything yet. And although we haven’t had any PR’s state any exact numbers, yet, I think it’s safe to assume that we are. Wasn’t it stated in a prior PR that we are getting about 3 grams of visable gold per ton of gravel feed? And then they said that there is much more flour gold in the black sands and that we were saving the sands for further processing.
Now we know that they are going with a 4 step process. That first step is to remove the ‘free gold’ and save the rest for the next steps. I’ve got to believe that we have already “produced” a significant amount of unreported gold. Maybe soon we’ll get a PR clarifying all this and maybe letting us know what they’ve already “produced”.
And of course we are all waiting for the start of production of the silver, platinum, REE’s and PGM’s and more…..
Anyone agree with me?
Charlie
Excellent post Falon! Thank you for putting this together.
Charlie
I'm trying to figure this out. Can someone help with this?
is this just funding? Is this good or bad for us shareholders?
To me it looks like we just got diluted, am I correct?
I totally agree that we won't be seeing the huge market mover PR's come out until AFTER the CE is removed, so that the news will have maximum effect.
Why do I believe this? Because the management is working without pay for stock only, so of course they will want it to move skyward after the CE is removed.
I'm curious how many ounces of gold have they produced so far? Would anyone be surprised if they report 300 - 400 oz of gold from the Pampana River?
And I agree with RocketMan that sometimes ihub can be frustrating. I myself have been bruised up a few times. Just recently I tried to pass along the good news from SNEY's last PR to another company board that is dredging on the Pampana saying that if SNEY had this stuff, then they might have it too. Boy, was I slapped around for just mentioning it. Makes no sense to me why they were offended. But I won't lose sleep trying to figure it out.
Charlie
What's over at Yahoo?? It looks like a fresh fins release from Edgar, but it's more of a summary of 2010 quarters.....right?
it confused my simple head :)
I have a hard time understanding some of the hesitation about the future here.
I DO understand the frustration from the fins delay and the public silent treatment from the company about it (no PR's)
But THIS is great news and speaks to the future. Isn't that what we try to do in our investments?? Think of the future value?
My money stays here. Why would someone sell at these levels when we can see that it is worth SO MUCH MORE?!?
Charlie
New News! Did you see what our competitor on the Pampana River just PR'd????
i know I can't post the name of this company or my post will be deleted. maybe some of you that have more experience at this than I can get more of it in here... Their name starts with S, ends with Y
SXXXy Announces Further Analytical Results for Its Pampana River Heavy Mineral Sands and Discovers Additional Platinum Group Metals (PGM's) and Silver in Potential Economic Amounts
***********************
If THEY have it, then we sould too, right?
I'm excited!
Charlie
Gotta be dilution selling going on. Great bargins for those with cash to spend. I've got zip this morning, so all I can do is watch and wish I could get some of these 6'ers.
Charlie
I also thought it would go up some more.... I can't believe people are SELLING right now! Why?? If it's flippers, then wouldn't it be better for them to flip it higher than this, llike at or above a penny?
Awwww shucks, Thanks!
and to think, I'm just an average Joe trying to make a buck or two.
I just assumed that EVERYONE read these things.....
Ant, I don't think "that other company on the river" knows where they will be shipping the black sands yet. All they've said so far about that is that they will transport the black sands to a processing plant, which MAY be out of the country.
Interesting thought.... that implies that it MAY NOT be out of the country..... is someone building something?
Rocket,the photo was taken in Cancun when I walked upon a model photo shoot and they let me take a few pics for myself. It's good inspiriation for when my investments pay off and I can go back and maybe stay longer.
SNEY can help get me there!
I think we can see 4 cents this week!
distracted Charlie :)
And another point that says a thousand words is.....
from the PR:
******************************
Explanation of other items:
•Management compensation was paid for entirely by restricted stock and warrants. None have been sold.
*******************************
They have faith in what they are doing and have committed a couple of YEARS of their time with ONLY STOCK to show for it. THey would be in this if they didn't think it would become incredibly rewarding for them.
Charlie
What have we learned??
I’ve learned A LOT since the 10k posted!! (And I know I’m in good company as well)
I was getting scared and about to sell to save what little value was let in my investment here. I was starting to listen to the naysayers here and boy am I glad I didn’t follow through with it!
I’ve learned that this company is NOT A SCAM. That’s right, it’s NOT A SCAM! Say it loud, say it PROUD!
I’ve learned that management IS working hard to become current, and that they may not have been aware of how difficult and time consuming that task is.
I regained faith that they WILL become current soon (insert your own date for what soon means)
I’ve regained faith that the CE WILL be removed.
Uplisting WILL happen.
I’ve SEEN (from the last trading day) that there are a LOT of p’d off investors that will sell as soon as this moves up even a little. I can wait for them to clear out and then see multiple increases. Lots and lots of them!
Good luck to us all!
Charlie
There is some money being made here today from the flippin' day traders....
I'm not smart enough / dumb enough / rich enough to even try something like that.
must be some HUGE blocks of shares moving around
That is a HUGE spread between Bid / Ask.....
Step back... shes gonna blow!
I hit the ask twice this morning, and each time my order was filled 3 ticks lower at the bid.
What does that tell you? Merry Christmas to me is what it tells me!
Charlie
Hey TOSCA, if I read this right, we were really close to breaking even, weren't we? It looks like just a handful more oz's of Gold would have put us in the black.
We've waited SO LONG for this to happen. 2012 is gonna be GREAT!
GLTA
GO SGCP!
Charlie