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.
Good eye on that formation Risk. Timing could be interesting as well!
Good article on REE's. Be interesting to see what type sney is dredging up in SL. Are we related?
I think your post shows a viable direction. However the variables preclude knowing any likely direction at this point. The unknowns mostly of a positive nature. Management could choose to grow and acquire through earnings or more public offerings. The price of the underlying commodities are rising. This will last a few more years before the price consolidates lower. This method of recovery looks nimble enough to explore new projects economically. If pressed to analyze the future PPS of SNEY I would add a premium because of the sector and products produced. These gold/ree jr. mining stocks will have their day over the next couple of years. Should be interesting.
thats all well and good, it also costs 7 million. Are we looking at more dilution?
According to the management we are still an exploration company, no mention of production as of yet.
I agree with your characterization of where we are right now. People need to know the time frame. It may not fit everyone's expectations. I expected the dilution based on reading the 10k. I would like to have seen filings and production estimates as well. This could have been handled differently.
Thank you for the insight and good judgement
The first quarter of 2011 would be useful information. That should be public knowledge by now.
They want it leaked or you wouldn't have it, too late to backtrack. Share please
10k's are important for guidance. I read them to find out the direction the company is heading. Now with restructuring it is even more important. Let us see the road-map and the production will be gravy. Hang in there.
Agree to buying panic shares, I want to fire up my smoker looking at that sweet catch, great lakes i suppose
It believe it is our job as investors to be in the best investments possible at all times. Taking some off the table on news that would normally put a dent in a stock is not a bad idea. I was able to come back in with more shares and enough cash to buy my own monkey. These MM's don't make it easy. That was a strong bounce off the bottom. Timely PR would help to keep it moving back up. Ultimately production is the key to this stock moving forward. I still like the story. Waiting on confirmation from Company to add shares. Filings and production in no particular order.
Open book, nothing to hide
here is my private reply:
your life just got slowed down, where is the production to pay for this? That was the plan, where is the production?
I think it a fair question.
Talk is cheap always. I am still long SNEY, more with house money than before. I know I can buy in cheaper than .02 later. I will be happy to be proved wrong. smitty
This is no surprise for people who trade this sector. This is what Jr. miners do. They dilute the stock to raise money from the investors. Been around these guys for 11 years. The story is always the same. A large rise from a small PPS is enough to set the wheels in motion. Get used to it.
I will say little more than to remind everybody that last week the people that know better were acting as if the moon was in sight. This is a long term investment. Those in it for the long term have a possibility of a great gain. If you do not have money that you can afford to risk, look in another direction.
Yes, if, Maybe, and when. Read the 10k, they need money to fund activities. You and I are that funding. Our shares have been diluted. This is what these guys do. It was clear last week. The 10k. I am down to playing with house money until these guy's get it sorted out. Might go in strong when this is sorted out.
Or will the last one who sells at .02 turn off the lights, we don't want to run up the light bill until the warrants are sold off.
The Company could generate a lot of goodwill with production news in my opionion
This news should have been expected. The 10k said the company would need revenue to fund activities. The is typical in the junior mining sector. I would have like to seen the production expectations in conjunction with this news, but they may have their reasons.
Love ya Cheep, but let us keep our heads on before we go spouting production information. We should have Gold and Diamonds but I have seen no reports on R.E.E. reports as of yet. They may come, but let us put the horse in proper relationship to the cart. stlsmitty
Anybody got an opinion? let's hear it.
God Bless, Stlsmitty
Are you guys all on the east coast or what?
I am in agreement on the production numbers. Get transparency and BB status and worry about the production numbers later, Stlsmitty
If you re-read you may see that we agree about the uptrend, Go SNEY
I said I agree with you, we are in a consistent and powerful uptrend. Please accept my apology. smitty
Same page TR! Clarification can be useful. I have been in this stock for 8 weeks and am adding shares as I am able. I just don't want to hear pump or fluff. Monday is just another trading day and no promises have been made. GO SNEY!
So we agree on the uptrend! I like to qualify statements to find out exactly where we stand. Go SNEY!
I am way long sney. I just do not expect the filings, production reports to happen Monday, or to be done without a decent amount of time to pass. Be real. The filings will take several weeks at least and the C.E status takes a month AFTER that. I am long this stock on that time frame. J.S. stlsmitty
Anything specific for Monday? I see the time-line being a couple of months. Finishing the filings and another month to remove the C.E. status (normal time frame). I doubt they will release substantial Production at this stage for many reasons. The locals will want a bigger cut and other reasons. Each circumstance is different. What do you think?
Good point. I plan on sticking around for the 2010 10-k and other direction the company might give for the future. It will take weeks to complete the filings and 30 days beyond that for the CE to be lifted. That is a realistic time frame. Opinions will vary
Scottrade has a premium placed on stocks under a certain price. And they also have a restriction on stocks under 4.00 dollars on ach transfers for 3 days. Either way I will add to this stock at these prices. CYOFA
The savvy group at sney/allied know what to do with the black sands..they just have to set up a processing area that makes sense. Don't sweat the small stuff. The tech. details are beyond our control. Watch the charts and the trading and hope the management gives us a chance to make some money. There are bad things that could happen. There is a chance that we can go 20X from here short term. There is real risk and reward possible ahead. I am taking a chance with money I can afford to be without. I like the momentum and the increasing volume. I am adding tomorrow barring a big rise in stock price. I play with shares that go low during the day. I am always long SNEY at this stage. stlsmitty
FYI on REE Production Global rare earth production
Global production 1950–2000
Until 1948, most of the world's rare earths were sourced from placer sand deposits in India and Brazil.[8] Through the 1950s, South Africa took the status as the world's rare earth source, after large veins of rare earth bearing monazite were discovered there.[8] Through the 1960s until the 1980s, the Mountain Pass rare earth mine in California was the leading producer. Today, the Indian and South African deposits still produce some rare earth concentrates, but they are dwarfed by the scale of Chinese production. China now produces over 97% of the world's rare earth supply, mostly in Inner Mongolia,[9][10] even though it has only 37% of proven reserve
yeah Baby
Are either of those photo's legit?
Loved that movie, hope somebody figures out how to move this stock towards the the target like bill murrey did in the movie!
More good reasons to stay long SNEY. When this stock goes it may leave the day traders with less on the table than they wished. I am not giving my shares away cheap with the numerous possibilities of how this plays out. I have been on the losing side of these Jr's before.