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Hey! No fair! j/k
My tax refund hasn't been direct deposited yet so I can't join in the fun. I did my taxes last Sunday and e-filed them.
Thank You Cork and Grawsha for pointing out that the Corporate Tax in Wyoming is zero. I was curious what the savings would be from Nevada, so I looked it up in Yahoo searching under “Nevada Corporate Tax” and found this page
http://nevada.org/why-nevada-is-the-best-state-to-incorporate-in/nevada-corporations-nevada-llc-tax-considerations/
And this is in there…
2007 corporate rates
15% – $0 to $50,000
25% – $50,001 to $75,000
34% – $75,001 to $100,000
39% – $100,001 to $335,000
34% – $335,001 to $10,000,000
Wow!
So if this is the first year for us to become profitable, then this is also the first year we’d be paying this tax.
Now, let’s put some numbers in there. Y’all know how I like to do that!
If you use John’s conservative projections and convert it to ounces, then 600 grams a day = a little over 21 oz of gold. If they work 25 days in a month then 21 x 25 = 525 oz a month for our first full month of production.
We haven’t reported ANYTHING for Nov or Dec., which were probably minimal due to high water and removing overburden. But we were STILL finding gold in the overburden, and that counts too! So we should have AT LEAST 600 oz of gold to report, and most likely much more than that! (I want to be a glass half full kind of guy) And I'm not even counting the extra dredge from the JV, or the diamonds or SL1 when it sells.
600 oz x $1300 = $780,000.00
$780,000 x 34% = $265,000.00 in Nevada Corp Tax.
Wow!! Holy Chit!!
Is this Average Joe misreading this, or missing something, or a victim of bad math from our public schools???
This looks like an excellent reason to delay reporting production numbers until we have moved our business license to Wyoming.
I ALMOST have my tax refund. Are there ANY more cheapies out there?
Charlie
Why is it better for us to be in Wyoming? I’ve read through 100’s of messages today and out of all this information I can’t see a good reason for us to move our business license to Wyoming? Is it for some kind of tax break? I don’t know, no one has said anything, or if they did I missed it.
Charlie - nervous but still holding
What are we supposed to do in the absence of news (PR)? Speculate? Hey! That’s a mining term pun for ya.
Idle minds turn to rumour and I don’t want to get started on THAT because it does no good.
My mind is trying to connect the dots and in most senarios we still come out winners, so I'll keep checking in and waiting for news.
Charlie
I’m getting discouraged. Do any of you still hold out hope of a PR today or this week? It is February now and I was hoping to hear production numbers no later than Jan 15th. I’m starting to think that this will drag out until the end of Feb. Isn’t that when our business license is due to expire, or cancel or whatever for lack of payment? Has John said anything else about that besides for us not to worry about it?
You guys (and gals) know me. I’m a cheerleading long! But this is really concerning me and I’m worried. Aren’t you?
Charlie
I absolutely agree with banjo as well. Maybe the way I put it was a bit childish and I'm sorry now for stating it the way I did. We ALL have a right to whatever opinion we may have. I was just tired of hearing about the same 3 and 4 year old problem time and time again.
What's on the table now is the NEXT PR..... The longer we wait for it, the lower the PPS will go. IMO
Charlie
Well, if it's ok to repost old news so that the newbies have a chance to catch up, then I'll do one of my own. yes, I am an average Joe with no experience in mining or mining stocks. But I do have an opinion and HAVE read all I can about SGCP
I still have faith in this company even though we seem to have a concern with the license issue. We can get past that and move on.
Here is something I wrote to be supportive. Try to visualize the potential of this company 5 years from now.
******************************
Close your eyes and imagine what it’s going to be like 5 years from now. It’s the 2015 - 2016 mining season. What’s the price of gold? $2,000? $3,000? More? We have more than doubled the size of our dredge manufacturing plant and we have at least 25 dredges in the water. Maybe more dredges than that! Maybe 30 or 40 dredges. Do the math using John conservative forecast for this year and have an OMG moment!
Wait, there’s more!
Our Carbon Credit projects will have all sold by then. SL1, SL2, SL3, and Bio-Mass and maybe even more. Last year our PPS shot up to almost a penny when word first got out about SL1. We can blame China if we’re looking for a culprit for the drop on the price for CC’s. When China dropped the ball in Copenhagen last year then the U.S also declined to go the Cap and Trade route. Without a global cap and trade policy the price of CC’s went sour. Doug must have decided to wait it out till the price comes back up. WE didn’t like it at the time because we ALWAYS want our cookies NOW, but it was the right business decision, and it was HIS decision to make. Not mine, and not within my timetable. This WILL pay off Big Time when it happens, and we ALL know it!
Wait, there’s MORE!
We will have begun harvesting the wood from the Kiri trees used in the CC projects. Our lumber mill is producing wood for construction throughout SL.
Wait! There’s MORE!
We will have developed farms in SL and of course, the land is perfect for it. For the first time the land is being worked with tractors and harvestors and we plant a wide variety of food. Food is plentiful everywhere within our reach, and we’ve been exporting the excess for several years. The general population is no longer starving.
WAIT, THERE IS MORE!!
We employ over 15,000 workers to do all the above. Employment for the locals is found in the rivers, in the Kiri forests we’ve planted for the CC’s, in the lumber mill, on the farms, and all the spin off jobs as well. Doug Evans is a Hero and local schools are named after him.
Now, what is our PPS?? Isn’t 20 cents or more PPS within reach? If I have 5 million shares at 20 cents then…. I will have achieved the New American Dream! The old dream was to own a house, but that is the American nightmare now. So the New Dream is making the first MILLION dollars. I’ve heard that the 2nd million isn’t quite as hard to make...
This WILL go “To The Moon”, “ Ka-Boom” , “Massive Profits Ahead”, it’s just not going to get there in a week or month or even several months. Although I’m not going to be depressed if it does.
Thank you in advance for EVERYONES help in getting me there! The Longs, the Pumpers, and the Bashers too!
Good LUCK to EVERYONE!!
Charlie
I have no problem with different viewpoints and / or opinions. It's just that there have been SO MANY times we have read the same complaint over and over again. I'll admit that a lot of it is coming from sound experience, but after the 30th time?????
that's all I was trying to say.
Eye think that someone might consider working at Burger King for a while. Just think of all the time it took to data enter hundreds and hundreds of lines of whine about the same 'ol thing. All that time someone could have been working as oh... maybe a greeter at B.K. telling customers how they can have it their way.....
Hold the pickels hold the lettice
Special orders don't upset us..
could be replaced with
stay in one place with your dredges
then be sure you don't upset us....
Thanks Cork, and obviously this is something we worry about or there wouldn’t be over 200 ihub messages about it. And I’ve got to admit that I’ve become concerned as well. I’m hoping that John will take advantage of the company website to let us know what is going on, when he can. It won't cost him anything to add a paragraph or two in there.
This IS a big deal when investors are selling and walking away. I’ve considered protecting myself by selling a few shares, so I’m sure others have as well. So if anyone calls John, please let him know how important it is to communicate with us.
I have to go to work, so I can’t call myself.
charlie
I'm standing by the company. If this were a con, then they would of had to go to Africa just to take a few pictures... and borrow some Gold and Diamonds for those pictures too.
I think a lot of us will give a collective laugh when the PR comes out and we buy our tickets to RGI! My bikini girls are already giggling in Spanish. You Silly Senor!
Charlie
Come on guys.... do you REALLY think that Doug and John are going to let this company go for lack of a $2,000 payment??
Do you really think that everything we have been doing and talking about is all just a sham?? You'd have to believe that everything is just a shell game and that we bought an empty bag of nothin' to believe we are about to lose our business license over a $2,000 bill.
And, of course, all this comes out just before our best mining season announcement of our first production numbers of the year.
Soemone MUST be after some cheap shares! That's what I think. It's just my opinion, of course.
Charlie
Roberto, It sounds like you may have been talking with John or Doug recently for you to know about the carburator problem. Is there anything else you can share with us?
Charlie
Cork, I TOTALLY agree with you!!
you said,
"What the Chinese (or anybody else) can't buy is, the honesty, fair dealing, and integrity, that made those concessions possible."
The pictures of Doug having dinner with the local leaders, IN THEIR HOMES, is price-less!
Other companies may try, but they will have a lot of catching up to do. And time will soon show that WE already have the best concessions to mine in.
Long, Strong, and ANXIOUS
Charlie
I already knew about the hour meter for oil changes, but what I'm thinking about is the pump itself. The impellers used to create that kind of suction will need to be replaced, or maintained in some way, I'm sure. And what about floating debris banging against the equipment. I'm sure that is some of the problems with rainy season ops.
Charlie
Shamokinite, the picture is one I took while on vacation in Cancun. These girls (about 9 of them) showed up on the beach with a photographer for some kind of modeling photoshoot and I asked in clumsy Spanish if I could take a couple of pics of my own. They continued to pose for me and I was in heaven. I didn’t know what else to say, so I asked them, in Spanish, where they are from….. “ MEY-HE-co. Daaaah!”
Now, back to business!
Can anyone tell me about the maintenance of a dredge? How long can these run before you have to take them out and work on them? I was assuming that they could run for the season and then work on them during the rainy season, but I guess I’m ignorant in knowledge of dredges. Now that I think more about it, I guess it’s got to be hard on the pumps and such to run hundreds of tons of sand, mud, rocks and gravel through them. Should we expect each dredge to need 3 or 4 periods of downtime for maintenance per season? Just curious.
Charlie
Shamokinite, I like what you said there.....
***************
"So simple math, that is like saying we essentially have 1 dredge working that can pull the results of 7-10 dredges based on earlier numbers. Does this make sense? Is this not good news? To me it's like we just purchased 7-10 dredges, all are in operation, out of one dredge. The others are just icing on the cake at this point."
*******************
So.... if we do the math... does this mean we might actually get a $50 - $100 million dollar mining season if we use the earlier forcasts?
Food for thought.
maybe John didn't post details because he knows those details will come out in the PR??
Charlie
I have a dream! I’m dreamin’ that someday SGCP will hire, at least part-time, a Public Relations Consultant to help them with public communications! But that’s not THEIR dream, and I believe I know why.
Many decades ago I worked an entry level position in a very small start-up computer company in Silicon Valley. We had less than 100 employees at the time. I was on the assembly line, and we experimented with the process and took ideas and suggestions from engineers or anyone else that came by with an idea. Sometimes it worked, sometimes it didn’t.
We were extremely successful and massive expansion started. And we went public. Soon the ‘suits’ were coming in and telling us what we could and couldn’t do. Our process had to be documented, and posted and assemblers had to learn how to fill out charts at their work stations and us managers had to write them up for being ‘out of compliance’. We hated it! But we had to do it to become ISO compliant and to keep the SUITS happy.
Doug and John are a very small company that wants to continue to do things their way, without telling anyone anything. We (now I’m one of the SUITS!) want to know every detail about the company. Our dream is to have all the facts, their dream is that we leave them alone and let them get the job done and they’ll tell us when they feel it’s time to tell us.
These are our options: buy, sell, hold, e-mail, and call. I still have faith that EVENTUALLY we will be reading a PR that tells the WORLD production numbers and then I’ll see a huge upward PPS movement. So I’m holding on to what I have, and may even add some more next week if the PR hasn’t come out by then.
They have our money, we have our expectations.
But geez John, would have hurt to tell us WHAT the agreement with the JV actually IS? What is the split with them? Who are they and why don’t they want to use the dredge for their own mining? And why wasn’t the “maintenance” done while waiting for the rivers to recede? How long does it take to move a dredge? A day to pack it up, another to move it, and a 3rd to launch it, or is it several weeks time?
No, I don’t want to call John and ask my questions because it doesn’t really matter what I know and what I don’t know. They already have my money. What matters is what the whole fricken world knows! That’s how the PPS will move and after all, that upward movement is why we have all put our money here. I still have faith that it WILL happen.
RGI is STILL in my future, and yours as well.
Charlie
Agreed! Without communications with the world, people will be left to creative rumors and speculation. It's only natural for people to do everything they can to try and figure out what is happening.
from the PR on Sept 9th....
Sierra Gold Corp. is pleased to announce that it is now ready to commence dredging activities with all 4 dredges as soon as river levels permit. All equipment has been pre-located at initial selected sites and all licensing/permitting has been completed. Site prospecting is underway and will continue and be expanded as water levels recede to a point where all full scale dredging activity can commence.
***************************
So I'd have to believe that the rivers are low enough already for all 4 dredges to be in operation. Of course, I could be wrong because I haven't read anytning yet from SGCP to confirm this.
No news does make me nervous, but I think it's best for me to just try to stay calm and wait it out. Christmas will come. Sometimes it doesn't always come on December 25th.
Charlie
I am right there with you, my friend Phreshmeat! I am green at 16, and NO WAY am I selling this stuff.
But we ALL know what is about to happen if we don’t hear anything from SGCP with a PR or at least a nice FR. Those who don’t do very much in the way of DD or reading up on the company will get scared or frustrated and sell.
Maybe we should all just be quiet, quit defending the company, and let these weak hands go. The PPS will undoubtedly fall and we just may get another chance in our lifetime to get some teeners. I know we all love to pad our accounts with teeners. If it’s going to be another couple of WEEKS until we hear anything then I’ll have a couple more paydays and be able to throw a little more spare change at the teeners.
We should all stop trying to change the game and just play it.
Still long and strong,
Charlie
Just a question.... is it possible that John and Doug aren't selling the diamonds right now, but just holding them instead. Maybe locking them up in a safe somewhere and then maybe in a year or two getting the export license and THEN selling whatever we've got? It would make good business sense to just hold them and then when we have 30 or 40 POUNDS of diamonds to sell them out of SL for a much higher price.
Charlie
Right on Chris! The others I referred to this stock don't even read message boards or web sites. All they do is check their stock broker page and see the current PPS and News Releases. Then they ask me why it's taking so long or why it went down 2 ticks.... frustrating that others aren't willing to invest any time into what they have already invested their money into.
Kind of like voting for someone you know nothing about.
Charlie
Why would someone wait until NOW to start a constant barrage of bashing? His motives sound personal, not financial or in the spirit of sharing anything meaningful. To me it sounds like someone is trying to hurt John and Doug for the failures of the past. It won’t work and we all know it.
What it IS doing is making us look bad. I’ve invested all I can into this company and recommended it to friends and family. Some of them have also bought SGCP. I told them to come HERE to read up on some good info from some great investors. I cringe if they have read the crap.
We are at this price (down from 20 cents) for a reason. You may call it mis-fortune, or bad management choices, or bad timing, or the economy and the lack of business loans available, or whatever you want, but here we are just the same. It’s a great price RIGHT NOW. If I had lost money a few years ago and wanted to get even, I’d do it by buying heavy right before the BIG BANG. That is what someone motivated by money would do. Oh yeah, what time is it right now? The fuse is lit and she’s about to BLOW!
Shortly a group of us will be standing on the west side of R.G.I. and look to the sky right after the sun sets. (who is there with me?) We’ll see this big thing rising up in the sky. What’s that? It’s the place our stock went and made us rich! Da MOON!! AaaaaHooooo!!
GLTA
Charlie
I have faith that John and Doug will do the right thing and release a PR soon. God help those of us that suggest such a thing on this board though because the die hard loyalist to SGCP will slap us silly for expecting fluff! I’ve said it a couple other times, and this time I’ll tell all of you WHY I believe this will produce a PR and then go back to just reading for a while.
Was it just “FLUFF” on Sept 9th when the PR was released just stating our plans?
Sierra Gold Corporation Announces Forecast Dredging Plans for Upcoming 2010 - 2011 Mining Season
TORONTO, Sept. 9, 2010 (GLOBE NEWSWIRE)
Or on Nov 18th with the PR for rainy season results?
?
Sierra Gold Corporation Announces Mining and Test Results From July 1 Through October 31, 2010
Thursday November 18, 2010, 10:00 am EST
These were no where as big as what they have to share with the world right now! There are several MAJOR and SIGNIFICANT changes in the company that merit a PR. One of those is the fact that Green Giant is no longer involved with our Carbon Credit project. THAT is major and deserves a PR all on it’s own. We’ve heard kibbles and bits from FR’s and messages from phone calls with John, but this should be spelled out in a PR for ALL. (Maybe John is just waiting for the new PDD to be written before announcing, so I’ll give him a LITTLE slack on this one)
The second MAJOR change in the company, and one that we ALL ARE PROUD OF, is the fact that we are pulling gold and diamonds out of the rivers at a rate that will make this company profitable THIS YEAR! YAHOO!!! Whatever the amount of gold produced so far has got to be enough, if multiplied over a 5 month period, to make us more than profitable.
So it is my humble opinion that John WILL release a PR in the next week or two because he has been doing PRs for far lesser things in the recent past. That isn’t fluff, it’s promoting the company. And he has been doing an excellent job promoting the company. I have faith that he will continue to do so.
Long and Strong with Substance - not fluff!
Charlie
I THOUGHT I saw something different about us in the website for Green Ventures. So I went back and checked it out. I don't remember reading about anyone else mentioning it, so I'll point it out.
in the website that TOSCA found:
http://www.green-projects.pl/experience.html
We are the first project listed.
And our status is the ONLY one that reads:
"STATUS: Project for sale"
The other projects listed have a status of "under developement" or 'awaiting Validation"
OURS just says that it is for sale.
hmmmm what's cookin' here??
any ideas?
Charlie
I just bought 170k @ 22. it went through in a second, of course, but the bid had moved to 21 just before I bought, so I got a deal at 21 when I thought I was buying at 22.
I slapped the ask and got the big instead. Must be my lucky day! I didn't win the mega lotto, but I won a little here instead.
Charlie
Hey, if I only have $5 in my checking account, am I a poor man about to become homeless?? I hope not because my checking account has been that low several times. What if I had 40 pounds of gold in a box in the back of my truck…. Now does that $5 checking account concern me? Nope.
I don’t think that these filings everyone has been commenting on include gold and diamond inventory in the queue waiting to be sold, does it? All of this is happening in Africa and our only information is what they tell us. We have no way to confirm or audit anything that is happening on the ground in Africa. It’s a penny stock gamble, and I’ve put my money on Doug and John.
Something I’ve learned the hard way the last few years….
I don’t have to convince anyone that I’m right about anything. I can listen to them, they can listen to me, and we can respect our opinions. But to argue with someone about how wrong they are and how right I am… well, that is a younger mans stance.
The world is not always a fair and just place, and it is unreasonable for me to expect it to always be fair and just. Meaning, in this case, that it would be reasonable and fair for John to post a PR, but he doesn’t have to and will do whatever he feels he should do. If he doesn’t then I won’t agree with him, but I can still respect his opinion.
Peace and Love to all. It’s much better than the alternative.
Charlie
Thanks! Came back from some lunch and you made me laugh!
when will Joe find his way back to the Kitchen Table and do another Skype video telling us about the upcoming contracts with the Army??
Isn't that what we are waiting for?
Right you ARE!!
Philtila WINS 5 free drinks on RGI. No worries, we won't need to do anything else once we get there.
GEM, I don't have PM but I do agree with you. I might be able to get a few cheapies in a week or so, but when will the payday EVER come if John doesn't promote in a PR ever?
EVENTUALLY maybe he will and we'll see happy times then.
until then, I am STILL a long and overall - STILL HAPPY.
If you've got dry powder, then by all means, use it!
To quote an old song from our youth.
"Fire all of your Guns at once
And Explode into Space"
Charlie (name that tune!)
This isn't fluff! This is substance! Announcing our NEW releationship with Green Projects should be announced in a PR, as well as our progress with the start of the mining season.
It just sounds to me like he isn't interested in promoting (NOT FLUFF) the company. We've got some great stuff that we should be PROUD to share with the rest of the world. JMO of course.
Charlie
Would it helped if we ALL e-mailed him and BEGGED him to haved a PRESS RELEASE???
What we need is public promotion of the company instead of private communications with a few of us and the small exposure of Field Reports.
Charlie
(do you like my new profile pic taken on a beach in Cancun?)
TOSCA, I can not open the link in this website for SL!. Another page opens stating that it is an "EXPIRED WEBSITE". Did this have something else in it this morning? Has it been recently blocked - purhaps because it is insider info not yet released by SGCP??
Maybe John will release a PR about this since it deffinately IS "a material change in the operations of SGCP"!!!
Good things ARE COMING!!!!!
and I wanna swim with Crusader!
Charlie
I'm so glad the financials show good news!
Look guys, I REALLY am an average Joe and I don't have a big wad to diversify my investment. If I'm gonna make money, then I need to have my investment here. That's my thinking anyway. But it does scare me and get's me to feeling a bit insecure when I hear bashing.
Sometimes the bashers do make good points and sound credible with their statements. Everyone has a right to their opinions and I fully support that right. I am wondering if that opinion is skewed by the fact of their buying really high compared to today’s PPS.
Anyway, it looks like the company is headed to solid profit, which has got to be good news!
Happy New Year!
GO SGCP!!
Charlie
Let me give this a try….
Charlie sees the price of gold is staying above $1.400 and he likes it! He thinks that such a price will bring GOOD things to SGCP and that all other holders of shares should be happy about such a fact.
Charlie knows that John and Doug are good men with good intentions that will bring lots of good profit to those who are fortunate enough to still be holding a good amount of shares when the PPS goes up.
Charlie wonders why those who are upset and fill their posts with negative input; why those don’t just pick up a phone and talk to the one who has their answers?
Charlie still doesn’t know beans about CORN, so please don’t ask him when you should sell your darn corn cuz he just don’t know or care.
May the fickle finger of fate point your way dear sir and may it show the way to your fortune and happiness.
Cheers from California!
Charlie
(just having some fun wile we all wait)
Is there any confirmation that we are going to be using the dredgges from another company? Was that just from a post that someone talked with John and now we all believe it as fact?
It would be great if we could increase the number of dredges in the water, even if it is only two or three.
Charlie
Good Job, Phreshmeat!
Tell her that someday soon she might be able to buy a couple of cars with that and see how big her eyes get....
me... I'm kid-less so all my shares are mine.
GO SGCP!!!!
Charlie
Good news MUST be coming soon! Want to know how I can tell?? We're starting to get some good ol' bashin' and cat-fightin'! Geez, RevTrueLuv is the only one that did the right thing here. She CALLED and ASKED and got a good answer.
Of course, it may be more fun to whine and complain and just maybe, maybe help drive the PPS down so that it can be bought at the absolute lowest price RIGHT BEFORE THE GOOD NEWS HITS!!
Charlie
Recently I heard some predictions for the new year on CNN. I'm terrible with names... but that funny old guy with an English accent that talks about bussiness in Europe said he was predicting the price of gold to go up beyond $2,000 an oz to maybe even $2,200.
How nice for us!
Charlie