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You haven't read them all obviously and if you are implying
$ 985,000.00 still remains to be sold it will take well over 400 Mil shares Placed at current prices to raise that kind of cash.
Perhaps you should read all the documents.
eye
Thats sounds like a good resource to watch but like declaring Quarterlies and Financials there is probably a lengthy delay before any increase needs to be posted.
Has anyone been successful in open past Quarterlies and Financials?
UnfortunATELY FOR US ALL the fact that any Offering has been made shows shares are being sold and it will likely be a long time before any of us find out how many additional shares become released and Outstanding.
eye
ok but do we disregard the other two?
From your choice
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D
Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Expires: June 30, 2012
Estimated average burden
hours per response: 4.00
Total Offering Amount $1,000,000 USD
or Indefinite
Total Amount Sold $987,000 USD
Total Remaining to be Sold $13,000 US
Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
X $1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 Over $100,000,000
Decline to Disclose Decline to Disclose
Not Applicable Not Applicable
Much more to wade through but your choice in balance with he other two shows management has targeted 1 Mil in Revenues through Offerings of stock.
The individual offerings Dec 1, 7 and 15th / 2010 show offerings clearly of 1 Mil shares.
To raise 1 Mil in Revenues at current prices of .0023 would take about 450 mil shares
If thats the case there is going to be a whole lot more Offerings.
I hope for all our sakes the docs show 1 Mil share offerings because if they are indeed 1 Mil in Revenues there is gigantic dilution occurring.
I think the other two links that actually show a size are more credible and do not bear the disclaimer I quoted above on yours.
If the document I copied is referring to 1 Mil In Revs offered instead of shares, there is and will be a lot of shares sold to raise it.
About 450 mil shares at .0023 equals roughly $ 1,000,000.00
They would have to be Private Placements because that many shares dumped on the open market would send the shares plummeting in value.
Unfortunately any way you look at it the company is clearly selling stock to pay for Operating Capital which shows extraction and gold sales is not getting the job done and never has up to this point.
That is clearly evident.
eye
Don't see any boxes just what the document says
<edgarSubmission>
<schemaVersion>X0704</schemaVersion>
<submissionType>D</submissionType>
<testOrLive>LIVE</testOrLive>
-
<primaryIssuer>
<cik>0001435180</cik>
<entityName>SIERRA GOLD CORP</entityName>
-
<issuerAddress>
<street1>192 JARVIS STREET, #503</street1>
<city>TORONTO</city>
<stateOrCountry>A6</stateOrCountry>
<stateOrCountryDescription>ONTARIO, CANADA</stateOrCountryDescription>
<zipCode>M5B 2J9</zipCode>
</issuerAddress>
<issuerPhoneNumber>416-200-6966</issuerPhoneNumber>
<jurisdictionOfInc>NEVADA</jurisdictionOfInc>
-
<issuerPreviousNameList>
<previousName>Viking Explorations Inc,</previousName>
</issuerPreviousNameList>
-
<edgarPreviousNameList>
<value>None</value>
</edgarPreviousNameList>
<entityType>Corporation</entityType>
-
<yearOfInc>
<overFiveYears>true</overFiveYears>
</yearOfInc>
</primaryIssuer>
-
<relatedPersonsList>
-
<relatedPersonInfo>
-
<relatedPersonName>
<firstName>Douglas</firstName>
<middleName>Brian</middleName>
<lastName>Evans</lastName>
</relatedPersonName>
-
<relatedPersonAddress>
<street1>192 Jarvis Street, Suite #503</street1>
<city>Toronto</city>
<stateOrCountry>A6</stateOrCountry>
<stateOrCountryDescription>ONTARIO, CANADA</stateOrCountryDescription>
<zipCode>M5B 2J9</zipCode>
</relatedPersonAddress>
-
<relatedPersonRelationshipList>
<relationship>Executive Officer</relationship>
</relatedPersonRelationshipList>
<relationshipClarification/>
</relatedPersonInfo>
-
<relatedPersonInfo>
-
<relatedPersonName>
<firstName>James</firstName>
<middleName>Spencer</middleName>
<lastName>Stewart</lastName>
</relatedPersonName>
-
<relatedPersonAddress>
<street1>RR # 2</street1>
<city>Baltimore</city>
<stateOrCountry>A6</stateOrCountry>
<stateOrCountryDescription>ONTARIO, CANADA</stateOrCountryDescription>
<zipCode>K0K 1C0</zipCode>
</relatedPersonAddress>
-
<relatedPersonRelationshipList>
<relationship>Executive Officer</relationship>
</relatedPersonRelationshipList>
<relationshipClarification/>
</relatedPersonInfo>
-
<relatedPersonInfo>
-
<relatedPersonName>
<firstName>John</firstName>
<lastName>Semachko Jr.</lastName>
</relatedPersonName>
-
<relatedPersonAddress>
<street1>3426 Daisy Court</street1>
<city>Brunswick</city>
<stateOrCountry>OH</stateOrCountry>
<stateOrCountryDescription>OHIO</stateOrCountryDescription>
<zipCode>44212</zipCode>
</relatedPersonAddress>
-
<relatedPersonRelationshipList>
<relationship>Executive Officer</relationship>
</relatedPersonRelationshipList>
<relationshipClarification/>
</relatedPersonInfo>
</relatedPersonsList>
-
<offeringData>
-
<industryGroup>
<industryGroupType>Other</industryGroupType>
</industryGroup>
-
<issuerSize>
<revenueRange>$1 - $1,000,000</revenueRange>
</issuerSize>
-
<federalExemptionsExclusions>
<item>04.3</item>
</federalExemptionsExclusions>
-
<typeOfFiling>
-
<newOrAmendment>
<isAmendment>false</isAmendment>
</newOrAmendment>
-
<dateOfFirstSale>
<value>2007-08-13</value>
</dateOfFirstSale>
</typeOfFiling>
-
<durationOfOffering>
<moreThanOneYear>true</moreThanOneYear>
</durationOfOffering>
-
<typesOfSecuritiesOffered>
<isEquityType>true</isEquityType>
</typesOfSecuritiesOffered>
-
<businessCombinationTransaction>
<isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
<clarificationOfResponse/>
</businessCombinationTransaction>
<minimumInvestmentAccepted>1</minimumInvestmentAccepted>
<salesCompensationList/>
-
<offeringSalesAmounts>
<totalOfferingAmount>1000000</totalOfferingAmount>
<totalAmountSold>987000</totalAmountSold>
<totalRemaining>13000</totalRemaining>
No dollar amount listed simply the offered amount sold and remaining.
<clarificationOfResponse/>
</offeringSalesAmounts>
-
<investors>
<hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
<totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
</investors>
-
<salesCommissionsFindersFees>
-
<salesCommissions>
<dollarAmount>0</dollarAmount>
</salesCommissions>
-
<findersFees>
<dollarAmount>0</dollarAmount>
</findersFees>
<clarificationOfResponse/>
</salesCommissionsFindersFees>
-
<useOfProceeds>
-
<grossProceedsUsed>
<dollarAmount>0</dollarAmount>
</grossProceedsUsed>
<clarificationOfResponse/>
</useOfProceeds>
-
<signatureBlock>
<authorizedRepresentative>false</authorizedRepresentative>
-
<signature>
<issuerName>SIERRA GOLD CORP</issuerName>
<signatureName>Douglas Evans</signatureName>
<nameOfSigner>Douglas Evans</nameOfSigner>
<signatureTitle>Chairman and CEO</signatureTitle>
<signatureDate>2010-12-01</signatureDate>
</signature>
</signatureBlock>
</offeringData>
</edgarSubmission>
Today is the last day for trades to settle in 2010.
Any tax loss selling and purchasing will stop after today.
eye
Read them again. All three Dec offerings show the Revenue range from 1.00 to 1,000,000.00.
Its a range only.
They also all show the actual Offering amount as 1,000,000 and declare how many were actually sold or remaining at the time of the filing.
Just read the documents filed by the company.
They also show the issuer as Sierra Gold Corp and the signing officer as Douglas Evans.
Kind of hard to argue with black and white documents issued by the company themselves to Governing Agencies.
eye
They show Doug as the chief contact for the company ( there was more than one Offering ) and the amount of the Offering is listed as you work through the document.
Still can not access the supposed Financials or quarterlies on Pink Sheets.
Anyone else having any success?
Probably why we have the yield sign on pink sheets.
eye
Obviously you need a few pointers of your own.
I have an extremely good grasp on this stock and have been through all its failures, shortfalls and gains.
I know exactly what this stock is about and what management has both done and failed to do.
The current price and not so distant past is a clear testament to that.
Initial shareholders were devastated mercilessly.
You are insane if you think they should take it quietly.
For the record, if a needed your advice I would ask for it but thanks for offering.
eye
Tek the million share offerings show as you work your way down the documents.
As can be seen they are recent offerings.
Even several 1 Mil offerings isn't devastating most companies raising funds release much larger offerings and Placements.
None the less no accessible Financials but further dilution of stock instead is a little alarming.
eye
Now wasn't the gold we produced last year and the dredging in the rainy season supposed to do that.
If everyone is excited about the loads of gold produced this year, shouldn't it at least be enough to pay Expenses.
If not there is nothing really to be excited about.
With all the diamonds we have recovered that have never been announced as sold, maybe they should cash them in and pay their bills instead of issuing new stock.
If they are not able to fund Operations through gold production and Agriculture sales by now there is still some serious problems.
They can be offset with an immediate and Profitable Dry Season if the company does place and Operate equipment as planned.
Strangely enough both Production and Production Shortfalls have both been withheld regularly.
Take a look at last Dry Season. When did they actually say when Production began, what they were using and what was Produced?
Pretty much right around the time they said they were only going to report extractions twice a year.
Every other year the company has been actually producing gold and diamonds in the Pampana Project or elsewhere we were at least told what was running and how much was being produced on a near monthly timetable.
The only reason we got any reasonable communications this year is because shareholders became incensed after the announcement of only two production reports a year was announced in the summer.
Since Shareholders became angry about that substandard Industry Practice the company has been at least reporting some extractions and Production Plans through Field reports at least.
It is puzzling to see financial's and quarterlies posted on Pink Sheets when they don't allow you to open them.
Kind of like nothing is there or has been for a long time.
There is more reason to be concerned here than the die hard Board Promoters that are probably just protecting their own position would have us know.
FR's may make the die hard Promoters here feel good but they do nothing for creating Market awareness and next to nothing in properly Promoting this business to Junior Miner Investors.
Personally I would rather see them dump another 10 Mil shares and pay for regular PR's that will market, Promote and gain market share in the Junior Mining Industry.
Monthly Extraction Reports, Production details be they good or bad, Financial Statements, Proper Promotion and increasing Revenues will all have to be met regularly if the stock is ever to trade in pennies again.
Strangely enough it wouldn't be that difficult to do.
Finding a gigantic diamond or ruby or a solid gold vein could get us there two though but isn't likely.
eye
Could find no filings on the SEC site or Edgar for SGCP.
Pink Sheets shows quarterlies made but does not let you open them.
The yield sign on Pinksheets is due to limited Financial info or have made a filing on the SEC Edgar system in the last six months.
The filing on EDgar is there but no Financial's can be found or opened.
Strange since they have put out Financials before.
eye
Looks like Doug has been selling stock
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001435180&action=getcompany
This is an SEC Edgar Link.
Note the dates.
At least they only appear to be Offerings of 1 Mil shares.
eye
Find that hard to believe considering the stock dropped like a stone after abandoning the Pampana River and Hard Rock Projects.
Dilution after those developments sent the stock reeling even more.
It was trading in the pennies before that so claiming to make money in that era is dubious to say the least.
Only those buying in now or those able to buy the majority of their shares at the bottom should be well positioned at this point.
All of the initial buyers took a bath and incurred huge losses as this company developed after all the Pampana and Hard Rock Hype.
It is only beginning to once again show signs of life after the Carbon market collapse.
I don't blame management for the carbon credit collapse.
That market was hurting even before GG sold us out. Truth is I give the company credit for realizing it and severing ties with them.
From the time the Pamapana River and Hard rock Projects were abandoned until the carbon credit projects were initiated the stock dropped.
So how could someone be buying and selling and making money during the stock price collapse?
Even basic charts on this stock show what I have just explained.
eye
Lets see I have been invested here for over three years and have seen all the performance and developments be they good or bad but you have far more right to post opinion.
Don't think so.
I'll post whatever I choose and at least I know it is all factual and easy to prove.
I will post what I like anyway just like everyone else.
I am not desperate to protect my position as so many here are.
eye
If the price does go up as all shareholders anticipate there will also be continual shakes along the way.
In a healthy stock those shakes and sales should come at higher prices as the stock starts rising.
Pinks do not simply rise continually without pullbacks, profit taking and shakes.
eye
I wonder where this stock would be if it actually used PR's instead of merely Updates like it did back in the beginning.
Lets see, it was trading in the pennies back then.
Companies producing gold should be saying so to the market instead of strictly releasing in house declarations.
Progress is good but proper Promotion and Market Awareness amplifies the effect regardless of anyone who would try to claim otherwise.
Most other miners would consider placed and functioning equipment as well as new forms of Production as material events.
Producing gold with the dredge or dredges in the rainy season was a material event all on its own and certainly a substantial first for the company.
Having equipment fully ready, placed and Operational for its short Dry Season also warrants Market awareness.
When Production is launched in the new dry season as it has IMHO the Junior Miner Market should be well informed on Progress and Extractions.
The company needs to make the most of its Dry Season including Production, Promotion and extractions.
eye
This is what I was looking for Nite has joined the bid, a sale has gone through at .0027 and L2 screen is looking good.
I expect the ask to come under pressure again.
Bid just jumped to .0026 with 4 MM's on ask at .0027.
All of the active MM's have increased their price to current positions with the exception of one MM on the ask at .0027.
That is a healthy indicator in itself.
eye
CSTI woke up, ask at .0027
Furthermore we know he is paying attention once again.
Volume at the ask, upward pressure on the ask are both driving the price up.
Resistance to join the Bid is the only thing preventing a spike and the sole factor that could initiate a pull back.
This could get interesting with little effort.
We will have to see hits at .0027 to see pressure continue to build on the ask.
eye
1 MM on Bid at .0025 and only one remaining at .0026 on the ask.
That MM has not been active since 8:00 so I hope someone rattles his chain.
He is holding up another Uptick.
eye
Resistance is breaking on L2.
3 MM's just raised their ask and un Uptick is likely coming soon.
eye
Last dry season hurt us but they seem to be significantly more prepared this year.
That is refreshing to say the least.
I agree with you about the price of gold going up significantly in the next couple of years but that's what analysts have been predicting for years.
I guess they were right, so that does bode well for gold in the future.
Anyone producing gold profitably is bound to benefit from the increase in gold prices.
eye
The negativity and frustration vented at that time was because of the FR not prior to it.
Management clearly prompted that response.
It didn't happen till after the FR.
Furthermore it appears management got the message and has been far more forthcoming with Updates and communications which is what they should have done in the first place.
If the company is on target with its dredging placements and Operations they should be well positioned to recover lost opportunities from prior dry seasons.
They should in fact be able to do far better than they ever have with the exception of the 2 kilo per month extractions from the Pampana River utilizing only local labour and hand tools.
I wonder what could be produced there with wash plants and dredges.
I do know what they claimed they could.
Irregardless it is refreshing to see equipment placed, coming online and functional at the beginning of the dry season.
What makes you think those objective at times past have gone anywhere?
I will call the company to task when need be but have cut them some slack to give them a chance to make up lost ground.
For the moment they seem to be making substantial progress and deserve some breathing room.
eye
Many people won't open links because of virus threats.
Whats so hard about posting the actual articles?
Its just as easy.
The SEC’s complaints allege the following individuals and companies perpetrated various kickback schemes:
* Larry Wilcox, who lives in West Hills, Calif., and played Officer Jonathan “Jon” Baker on CHiPs, perpetrated interrelated kickback schemes with two other penny stock company executives. Anthony Mellone, who lives in Fort Lauderdale and was CEO of Tri-Star Holdings Inc., began the process by paying an illegal kickback to a purported employee pension fund trustee who was to purchase 40 million restricted shares of Tri-Star stock. Days later, Mellone paid another kickback for a purchase of 50 million restricted shares of stock. Unbeknownst to Mellone, the corrupt trustee and the trustee’s business associate were undercover FBI agents, and another middleman was an FBI cooperating witness. Mellone, satisfied how the deal worked for his own company, sought to implement the same fraud with others. He informed Wilcox and Alex Parsinia of Calabasas, Calif., about the purportedly corrupt trustee, and both agreed to replicate the scheme for their own companies. Mellone demanded and received a $1,000 kickback from the witness for each completed restricted stock transaction he initiated. In each instance, the three attempted to conceal the kickback by entering into a consulting agreement with a phony company the trustee purportedly created to receive the kickback. Parsinia’s company is Zcom Networks Inc. and Wilcox’s company is The UC Hub Group.
Surprised no one has actually posted this instead of links
eye
Insiders are not able to sell as easily as you or I.
If an individual wanted to do a paint job they should have gone to a dime and paid 10.00 for the trade.
If you have free commissions I guess even .035 is cheap.
Lots of investors get monthly free trades.
eye
There is some truth there.
Our CC's are just as good as the next. They are all the same.
Any dramatic increase to available CC's does favour the buyer and anyone wanting to sell in a buyers market is far more likely to drop their price.
In fact the more CC's available the more pressure on everyone to drop their price.
The greater the supply the less everyone's CC's are worth.
Our CC's may be the same as everyone elses but with increased supply the pressure on everyone to undersell their competitors mounts.
Anyone that wants to sell is going to have to drop their price in the current CC market.
That happens all the time and in all areas of business and services.
Contractors have been undercutting each other for decades and the bigger the contractor the more wiggle room they have.
The more competition and supply for the same service or item the cheaper it becomes.
The development of additional and massive competitors units for sale has a far more profound effect on not only ours but every other CC seller.
The SL government could flood the market with CC's and undercut anyone to gain market share.
They have nothing to lose. Its a win win for them.
Any Revenues generated are monies they never expected in the first place.
The country does have resources to plant and develop at a far greater scale than us.
WE can simply expand as we can afford to. So far we just have a test plot planted.
BTW our new trees haven't likely produced CC's yet we are in the process of forward selling projected CC's from the Project.
Governments spend all the time without even needing the money in the first place.
The SL Government have far more resources available to them than us and this new deal was not designed to plant forests it was to maintain and generate CC's and Biomass from existing forests.
We are planting a forest in SL1 theirs is already developed.
The fact they even have a Minister of Agriculture attests to that.
He obviously has a budget and access to developmental funds.
Its just a matter of time before multiple sellers are willing to drop their price and we just may be one of them.
In light of massive competition we can not afford to hold out.
Perhaps we could hold out a little easier with our second or third Project but this new GG Project just turned up the heat significantly.
eye
eye
Please try and explain yourself.
So Positive that you don't know what to say.
Fill us all in.
Whats so good about it?
Whats any good about it?
There are clearly negative consequences give us some good ones.
eye
This new GG Project Represents a huge new Seller not a buyer.
It doesn't generate more buyers.
Developing new Projects does not increase market demand it actually dilutes it unless market demand exceeds the product available.
In our case this generates No new buyers but will develop a much larger new seller.
Clearly it is good news for Green Giant but this new client is selling into the same market we are trying to sell into ourselves and is a vastly superior player.
Our name is not involved in the deal whatsoever. We profit nothing.
Its not free advertising it is direct competition for the same strained and limited market.
I agree that Big clients add confidence, visability and strength to GG.
There is far more in this to GG than just that.
They just don't help us when they are in direct competition with our own interests.
If they did this in a different country there could be some offset benefit due to mutual association but when it occurs in the same country as our own Projects and is in competition for the same market as us it just develops a gigantic competitor to our detriment not our benefit.
I really wish there was some realistic positive spin on this.
eye
Well common sense does dictate this new deal favors Green Giant over us no matter how anyone spins it.
It has huge impact for Green Giant Ventures.
I agree that there is likely private ownership of land in SL and that Paramount Chiefs can control large tracts of land.
I do know that they will not come close to Governmental ownership and especially on fully forested lands.
I also know that our Projects are minuscule by scale in comparison to the new Green Venture Project with the Government of SL.
In Canada tree farm licenses give Operators the right to manage the land and harvest forests but the land still belongs to the Government.
There are sizable Private holdings of Timberlands in Canada but they pale in comparison to the size of Government owned TFL Properties.
The recent Green Giant Venture deal with the government of Sierra Leone is not for the sale of their forests it is for the use and protection of those forests that will generate large Revenues for the Government of SL.
They are not selling the land and huge Revenues will be generated for the country of SL with the new GG SL Master Project.
That would probably take precedence in global considerations than Private Enterprise.
This development has huge negative consequence or at the very least implications to SGCP's Carbon Projects and the company would do well to address it.
More info is a clear advantage to all but unless GG or SGCP management is willing to give it there can be nothing found out.
It appears neither want to clarify the issue further.
Based on the importance of SGCP CC Projects I find it difficult to believe they were unaware of Green Giants new CC Project.
If so an acknowledgment or explanation should have been warranted.
If GG did blindside them it does show how dependable the company is that is supposed to be marketing our CC Projects.
I would be willing to consider any positive feedback to this development but I can think of none and anything even suggested to this point is unlikely.
eye
I never suggested you did. I did clarify and point out that the two are different Projects with different interests.
GG is clearly a partner in the SL1 Project but has far more at stake in the new Master SL Project that we clearly have nothing to do with.
Neither GG or SGCP has indicated we have any involvement in the new GG Master Project.
It is true our Project is ready for sale but it is also true that if there was a hot CC Market our SL1 Project would be already sold.
It is reasonable that the SL Minister of Agriculture Nation Wide CC Project could be ready for sale well before SGCP's SL1 Project is forward sold.
When they are both eligible for sale does it make more sense to market the larger or smaller Project?
eye
The PDD SL1 or SGCP SL1 Project has nothing to do with the GG Master SL Project.
GG has had CC ventures and Projects all over the world but they have not launched Projects in the same country by different parties.
That is a conflict of interest they have never done before.
You ask why would GG burn SGCP.
Our SL1 is 42,500 acres the SL Master Project with SL'S Minister of Agriculture is 6 Mil hectares or 14,820,000 acres.
If GG sold us out they didn't sell us out cheaply, they will be well compensated for their efforts.
SGCP had to be totally blindsided or not willing to discuss this development or explain it. There is no other way to look at it.
I understand business pretty well and it seems pretty basic sense to cater to your current or future Major Customers.
Strong business ethics could hold some sway for original arrangements but mathematics, shareholders, Revenues and Future business potential have to have far higher impact on the bottom line.
Not only is this new SL Project a gigantic proposition for Green Giant if they can pull it off in SL, they will be positioned for other humongous CC deals in other countries.
Think about it. Which CC developer can develop Projects on a Country Size Scale.
This CC project with the MOA of SL dwarfs not only all other Green Giant CC Projects it dwarfs the combined potential of all their other CC Ventures.
This is a monstrous Project for them.
Our meager Projects can not possibly compare.
Our only hope is they have some ethics honoring our deal over this new proposition.
I doubt their shareholders would care though if they are Publicly Traded.
I'm sure they would just care about the biggest return for them and so likely would Green Giant Management.
It is not irregular in business to assign territorial rights.
If SGCP had CC territorial rights with GG for all CC Projects in SL than this latest GG Project could have been a huge Asset for SGCP.
There has never been any suggestion of anything like that though and I expect they were blindsided but could do nothing about it.
I fully expect they don't want to talk about it.
GG receives Revenues from the CC's their Projects produce.
A massively larger Project has far more Revenue Potential for Green Giant Ventures.
eye
Yes we finally heard after a couple of years why they left the Pampana Project in the first place.
Over the years SGCP has been far more than merely stingy with info, that was putting things mildly.
Of late they have been a bit more forthcoming but are basically only just releasing info they always should have.
They either had to be totally blindsided by the new GG SL Project or new about it for some time and did not want to address it.
eye
When all else fails read the small print.
We are both selling the same Product but their Project and CC's dwarf ours.
This didn't generate more buyers it Promotes a humongous competitor striving for the same market.
It is pretty hard to deny they have become a huge competitor.
Doug and John are stingy with info and always have been.
You will be waiting a long time for a statement from John or Doug on this matter if history is any indication.
Chances are they were well aware of this development for some time.
The GG website shows the Master SL Project with the MOA in SL at 6 Mil hectares and shows ours as 42,500 Acres.
I don't need Doug or John to tell me that.
GG has made it clear we are in direct competition with the Government of SL.
There are now 6 Mil hectares of CC Projects in SL and they do not belong to us.
The deal is between GG and the SL Minister of Agriculture and not even GG claims we have an interest in that project.
Our first CC project was launched in Sept and was ready for sale in Jan.
It doesn't take long to develop Projects it just takes time to sell them.
If you are inferring that SGCP is tied in to the MOA 6 Mil hectare CC Project than Doug and John would have to be severely negligent in not telling their own shareholders and especially since details of the new GG Master Project have now been made public.
Unless a furor is created no one is likely to hear about this from SGCP management anytime soon.
The only thing we have going for us is a very small window where our CC's are already able to be sold and the SL governments are not.
That window can be closed very quickly and we have all seen how quickly GG was able to get ours on the market.
It is difficult to say the least to find any positive way to spin this and anyone that tries has to assume a lot.
Based on the visible details the GG Master Project with the SL MOA is not a good thing for SGCP or their CC Projects.
They were supposed to market our Projects, not develop someone Else's in the same Country on a far larger scale.
eye
GG Ventures new SL Master Project in Sierra Leone is 6 Mil hectares not acres.
There are 2.47 acres in one hectare so the master project is
14,820,000 Acres compared to our SL1 Project of 42,500 acres.
So how is that good for us?
It would take some incredibly inventive creative accounting to project anything good out of this.
It appears to me like John and Doug have been played by GG.
GG used our Projects to get into the country and signed a deal directly opposed to our interests.
eye
In the absence of clear and accurate disclosure all anyone has is speculation.
The way I see we just have been forced to compete against a massive competitor with the full clout of the country in which we do business.
There is no shirt tails to ride.
They have the resources, clout and massive CC's for sale in comparison to our meager holdings.
If you were Green Giant who would you cater to more?
There is no way this can be good for us.
You do realize the only ones Promoted in the new massive Project are Green Giant and the Sierra Leone Minister of Finance.
eye
SL1 is 42,500 acres the SL Minister of Finance is now our competitor with Projects totaling 6,000,000 Hectares.
The 6,000,000 hectares converts to 14,820,000 acres. One hectare = 2.47 acres.
Our CC Projects have just become a drop in the bucket compared to Green Giants latest client.
eye
The new Green Giant disclosure is a bit disconcerting.
Through an agreement between our UK partner and the Minister of agriculture in Sierra Leone we have secured the exclusive rights to develop all of Sierra Leone’s forested land. Currently totaling over 6 million hectares, with roughly 70% being REDD and the remaining 30% closed loop: Afforestation, Biomass, Biochar, and Biofuel via pyrolysis. We are open to developing capital investment, educational and humanitarian partners for this project. For further documentation and information please contact us.
Prior to this agreement, all of the CC Projects for GG were for us.
Now GG's agreement with the Minister of Agriculture covers the whole country.
If GG is able to sell a Project who do you think GG will be out to please, us or their new client, the Minister of Agriculture?
The SL Minister of Agriculture offers them far superior Project magnitude and can easily assist in removing red tape and road blocks within the country.
He is a far better client than SGCP and will be treated as such.
It would appear to me we could easily be put on the back burner for GG to secure a better deal for themselves in SL and there is far more potential for them to complete a CC sale for the Minnister of Agriculture than there is for them to sell our Projects.
At the very least our 3 CC Projects must now compete against gigantic competition in SL.
This is not a good development.
eye
Well thank you for a reasonable reply for a change.
I had some massive and extremely negative well proven info I had intended on sharing had I been goaded further.
There is lots of it.
The Pampana abandonment was far more damaging and had far more devastating implications than most have even considered and I was fully prepared to lay it all out clearly.
That would have only been the tip of things I could share showing clearly the reason for every negative concern I have ever formed after years of patience and support to this stock.
I could easily share negatively if I choose.
Personally I would rather be able to focus somewhat on the more positive issues at hand.
However, If forced to continue in a negative vain and I will let it all out there and will hold nothing back.
Even though I would like to focus on some progress I will continue to call the company to task on frequent and accurate Updates including extraction results and Revenues.
Nothing less than monthly reports is acceptable and John himself set up monthly extraction reports in the past.
We received monthly extraction Reports even before John became involved with the company and those reports were part of the major promotion of this company in the early days.
For a company tha has become so poor in Promotion as SGCP has become, monthly extraction Reports is a must.
Short term I would like to see if more gold has been extracted in the overburden removal.
Recurring Revenues continues to be the greatest ammunition against further dilution or toxic financing.
I do believe the company would choose additional dilution over toxic financing but toxic financiers do have ability to impact markets of targeted stock. That I admit is only my opinion based on observation of Pink Sheet and OTC BB Markets.
I would like to see deployment of additional dredges with our portable wash plants this rainy season.
The most important factor for the Upcoming Dry SEason is to have all of our equipment in place and Operational at the beginning of the dry season or before would be even better.
I would like to see SL2 developed shortly as planned and an Update on the Biomass application for SL1.
I have waited this long and can wait a while longer but have no intent on waiting silently barring adequate communications and progress.
They did produce 2 kg of gold in one month with clear ramp up declarations of that amount. They did declare that a dredge at Pamapana would increase that yield 3 to 400% and the mobile processors should increase the yield 10 fold up to 20 kg per month and yes that was the Pampana Project.
The info is from Separate PR's and you have to read them all to find the data but it is there.
I have explained I could clearly show and document every reason for every one of my concerns so hopefully individuals here will not take me there because once it starts past negative comments would pale in comparison.
I will hold back the massive info causing me negative concerns that I have begun to prepare to release barring anymore cheap shots but should I start I will not stop.
Cheap shots will get me negative maybe even faster than company deficiencies.
I have never knowingly lied concerning this or any other stock and will not take those inferences lightly.
I do accept the apology and recognize your right to see things the way you choose to.
Ultimately I would like to see the stock price 10 times higher but it is the company decisions that took it down this low and it will take better decisions to return shareholder value.
It does appear that they have made some good decisions of late but they need to build upon them and keep communications flowing.
Ultimately they will have to get back to PR's if this stock is ever to go anywhere but even FR's are helpful at the moment.
eye
Did it occur to you how long we have used dredges.
Did it occur to you how long we have had mobile wash plants.
Did it occur to you that a Mining company with a short mining season needs to get their equipment on site and operational at the beginning of that season and not the end.
Did it occur to you that well after over three years the company should have already planned production with infrastructure in mind.
Did it occur to you the company has claimed owning and acquiring other equipment that never materialized.
I have already learned the costly way that the company doesn't do everything they claim they will and especially in the equipment projections.
I said current equipment and currently there has never been four dredges in Operation so quit implying otherwise.
There has already been numerous failures at placing equipment according to company plans.
Talk is cheap and eventually one would hope they get things done they claim they are going to.
Are you implying that because the recently completed roads were not completed that is the reason the equipment wasn't working this year?
Considering we had equipment working at the start of prior dry seasons I think that excuse is a bit of a stretch.
So you are inferring we couldn't mine in the dry season because the infrastructure prevents us from placing equipment and we can't operate in the rainy season because of the rain.
That would imply an even shorter Operating Season than the company has already confirmed.
That's funny.
If you have six months to plan it isn't difficult to get to the parking lot on time.
What we gonna talk about next?
eye
eye
I am not against the fact there were legitimate problems at Pampana but the way SGCP management handled it had a profound detrimental effect to their shareholders.
I have held back on a lot that could and may still be said on this project alone.
The Pampana was only one of numerous problems handled poorly which sent the stock price tumbling.
I have finally had something positive to reflect on for a while yet cheap shots seems determined to keep me focused on negativity.
I can stay there if that is preferred only if I do I am likely to get it all out there.
This is not merely a Response to your post but it should stand as a warning to the rest of you.
This company has given much cause for concern and has cost investors hugely.
I have no problem showing how it happened if continually pushed.
In short I can recognize positive developments when they happen or stay focused on negative concerns.
Anymore cheap shots will have profound effect and I will hold back nothing.
I guess we will all see where this goes from here.
eye