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Private Equity Looking to Invest in Mining
http://www.foxbusiness.com/markets/2014/03/10/private-equity-begins-to-move-underground/
Kind of like in the movie Indiana Jones and the Last Crusade...they are riding the blimp and Jones says, "Tickets Please!"
So ready!!
Lets go!
Ice
I thought we would see news this week...very excited about the prospects we have going.
This week is the "so" part...based on what he said, news should be sometime this week. If nothing by this week, they are going backwards again.
They will come through...they want this to work just the rest of us.
Ice
Maybe today will day that changes all of our lives forever!
Go SNEY!!
Time for a beer everyone! Except Bali...he has the concoction in the blender. Enjoy the weekend! Good times are coming!!
Go Sney!!
Good news coming next week and only the beginning!!
Ice
Chinese demand for gold increases...
http://www.foxbusiness.com/investing/2014/02/21/going-for-gold-chinese-demand-could-be-golds-long-term-bid/
Train is coming...do you have a ticket?
Oh trust me...this has been a wild ride and I need some evidence to build my faith while I am having faith...tangible gold, diamonds, REEs if any and cash flow would do the trick. I believe it is on the way...
Take care
Ice
Does everyone realize that within a week or so that we are at the point of no return...once SNEY shows cash flow and results, I believe SNEY will not be turning back and we will be reaching new highs on a regular basis. This is the beginning of what we have all been waiting for and we haven't seen nothing yet!
Good luck to all longs!
Peace and prosperity
Ice
Hey folks...this is just the beginning. When cash flow and results start flowing in on a consistent basis, this will be small peanuts compared to the daily, weekly and monthly stock price gains.
I am excited and ready for all the longs who have endured!
Peace and Prosperity to all!
Ice
There is no doubt the foundation is being set...the vision is being created. Execution with results is soon to come.
Stay tuned...this is about to play out nicely in our favor.
I believe Dredemaster that he wants to reward all the longstanding investors. I honestly believe he wants it for all us to reward our patience...its coming!
Every month, every new PR takes us one step closer and leads us to cash flow...After following SNEY for over 3 years with all the ups and downs, I believe SNEY is finally positioned with a solid foundation to go after what it has always wanted to accomplish. Keep up the good work on transparency and bring home the gold and diamonds. May the operations be led and blessed with minimal problems and maximum efficiency.
Make our dreams a reality!!
Good luck everyone!
Ice
We need news today!! We need juicy updates...it is time for this ship to turn around and the stock price to head north. SNEY investors have been extremely patient and deserve to be reward.
Come on SNEY!!
We can meet in front of the Bellagio at 8pm for the water show...we can throw some bills in the water for luck and celebration.
Just pick a date
Amazing how every time we get close to the golden cross, it hits the ceiling of the 50/200 day and starts to reverse. This is the second time. I hope we get some news to change that trend.
PR today??
I also like the current operations update. I hope this continues on regular basis with more frequency and detail. Transparency is the key to building investor confidence going forward. I like it!!!
I couldn't agree with you more...as you and I both know being burned in other ways in life. You come out wiser and sharper. I am sure he is calculating his risk/reward opportunities.
Good luck to you and to all of us!
Ice
Dredgemaster David Price comments: "I am extremely pleased to be working with Sunergy now and want to take this opportunity to say that Management is truly focused on what's best for the Company and its shareholders in my opinion. The opportunities they have shown me are truly exciting and they have worked well and hard to bring them to the shareholders. The new focus on cash flow makes a lot of sense and they have brought us to that point. I will be certain to make that a strong reality. I am also searching for additional equipment in both countries for rent or lease purchase to accelerate our development plan. If things go smoothly, we should have 3 dredges operating in each country by mid February. I want you to understand something, I get paid mostly on performance bonuses, so I want to make this as big as we can, for all our benefit."
When the operator has skin in the game and is motivated by his bonuses...that is an excellent sign.
May we all be prosperous on the backs of motivated and successful leadership. Godspeed for SNEY and the Dredgemaster. I pray for your good fortune and success because Lord knows I have been praying for mine. Much happiness and success to all SNEY investors. Shall we all meet up one day for drinks telling stories of our financial success!!
Ice
All of us at Sunergy wish our shareholders a happy and prosperous new year, and we will do everything we can to make that happen."
The question is..."How prosperous??"
Shall we all be prosperous next year!!
Ice
you guys thinking pennies?
Don't say that too loud...the last time I said that the 200 day moving average hit south...
We need a weekly update on operations...that would kick start this bad boy.
The letter basically means...oh chit, look out! The chit is about to hit the fan even worse and if you are holidng the stock, you are basically upchit's creek without a paddle.
How is that sweet? All it states is that the company is bleeding serverly and has no potential investors or financing to bail out the current investors who have propped them up over the past year or so.
Unless they JV with someone willing to work with them...this is dead money until they change course. They admitted they aren't purshing the properties withoug further infusion of cash or help from someone else.
As for the financials, I am invested in another company who has been through the same thing...this will take at least another 2+ years to sort out if not more.
For as much as I would like DGRI to take off...this ship has and is sinking. They need to take drastic measures through financing or help. Diluting the stock is not another option.
Seen it all before.
Good luck
Ice
tooo long!! Still here...
sounds good...thanks!
For what?
ahhh...thanks!
What is that supposed to represent and how does it affect SNEY?
Sounds like we are on the verge of greatness...that statement is what every new entrepreneurial venture on the verge of success deals with...
I can say the same thing about driving my car on the road every day...I am either going to steer the car without crashing or I am going to crash. Either way, every day is scary and exciting!!
Peace!
Ice
10-Q Management's Discussion and Analysis of Financial Condition and Results of Operations
"However, we are now in discussion with a private American owned Ghanaian company who currently operates alluvial gold operations on the Offin river in nearby Dunkwa, in Ghana and has adequate equipment and equipment manufacturing facilities to commence a bulk sampling operation designed to determine the longer term viability of alluvial operations on our Nyinahin concession with the goal of establishing a Joint Venture on our alluvial mineralization. We are currently preparing a request for permission to start this operation. Updates will be provided."
Pampana River Concession, Sierra Leone: Pending Renewal
This is a renewable license and all renewal applications, permits and associated fees have been paid and filed with the Minerals Commission in Sierra Leone. Once the renewal is finalized, a 4 year EXPL license will be granted. Should the renewal not be approved, there will be an adjustment to our financials to reflect any change in status. We are optimistic that this matter will be resolved prior to year end 2013.
Commencement of Cash Flow Operations – Liberia proposed 2013 -2014
David Price, The Dredgemaster, who recently joined our management team as Director of Alluvial Operations in Sierra Leone and Liberia, has plans to increase our dredging capacity as required up to six dredges in Liberia and a further six dredges in Sierra Leone this year, subject only to financing. He will arrive in Liberia by the end of November and meet our geologist from Sierra Leone, a local Liberian geologist and Management from the US and Liberia to inspect and approve the deployment of a dredge and crew to Liberia to work in a sponsorship role with Liberian owner operators in a profit share plan under existing class c mining licenses on the St. Paul river. This is a known diamond and gold area and we are currently testing a quantity of recoverable black sands. Sand itself is also being looked at as a viable marketable byproduct of a dredging operation. Results of this visit should be available in early December and rains permitting, operations will be scheduled to begin. Diamonds, gold and black sands will be being recovered on a daily basis, once overburden is dredged away and we expect to have reportable inventory and or cash flow by year end.
Commencement of Cash Flow Operations – Sierra Leone proposed 2013 - 2014
David Price, Dredgemaster will travel to Sierra Leone after his Liberian visit and accompany our geologist, Management and local owner operators of mining licenses to our proposed mining sites for inspection and evaluation. We plan to deploy an initial dredge, wash plant and crew to an area on the Sewa river in Sierra Leone in a Sponsorship arrangement with local Sierra Leonean operators to extract diamonds, gold and black sands under a profit share plan. This is a proven diamond and gold mineralized area and we will be directly in charge of all operations. This opportunity lends itself, on receipt of satisfactory results to grow dramatically in the near term. Implementation will commence once the river is safe to operate with divers and our dredge(s). Again, this operation is projected to produce diamond, gold and black sand recovery opportunities on a daily/weekly basis leading to reportable inventory/cash flow by year end if the rains cooperate and most certainly by January 2014. Financial results from dredge production will be being used to design a dredge financing program, whereby the actual cash flow that is Sunergy’s share may be directly assigned to pay the investor for the dredge. More details on this as we progress.
Management intends to work closely with local artisanal operators in both Liberia and Sierra Leone so that cash flow becomes the focus of 2013- 2014 operations. Expansion of operations focused on cash flow is being pursued in a highly prospective diamond, gold and black sands areas that are in addition to the Pampana project.
Breaking the 200 day moving average is huge...nice movement upward.
Time to board the train!
Ice
So it looks like it is not SNEY's fault...
Will the PR campaign keep rolling today?? News??
Exciting Times Ahead!! Good time to take a risk and invest!
I like seeing the news on the WSJ
http://online.wsj.com/article/PR-CO-20131105-907766.html?dsk=y
That is what I really meant...