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Thanks Eye,
You know, last Christmas I was waiting for news that SGCP had forward sold its CC, and of course, Santa didn't come. We were all disappointed and held out hope that the sale would come through any day. I think I read somewhere in here that the reason it didn't go through is that the price for carbon credits is too low right now, or at least it's lower than what Doug wanted it to be.
Now I've been reading articles like the one you just posted about carbon credits and I'm starting to see Doug's reasoning. I'm sure he COULD sell it today if he wanted to, but he knows that if he just waits for the rest of the world to get into the market, then he could get a much higher price for it. Why should he sell SL1 now for X amount of dollars when he could just wait another 6 months or even more and get 5 times that amount, or even 10 times? Obviously I have no idea HOW much more it would be, but it's got to be huge if he just waits longer. Am I right about this? Any thoughts?
So once again, patience is key. So I guess the smart thing to do is to keep buying at these cheap prices and just hold 'em long and someday **I** will be the one buying everyone drinks somewhere in the Caribbean, maybe even Cancun???
Best of luck to all!
Charlie
Thank You for posting your Q and A with John. This info gives me some much needed hope for SGCP. I have lost my excitement, trust, and enthusiasm when I thought they were withholding information about production numbers from us investors. Posts like this help me regain some of my past support.
Unfortunately the PPS will most likely continue to drop until SGCP post some more good news about almost anything. A couple of my other positions are due to pop next week, so maybe it's time to buy more SGCP. Get 'em while they're cheap.
We all know that this is going to pop once the CC sells or if they post another good production report. Since they are STILL using the dredge right now, it would be great to know what the July numbers are.... before next year. That would restore my confidence and we'd be off and running again with a much higher PPS. All IMO, of course.
Charlie
yesterdays production numbers aren't going to affect the PPS at all. The numbers weren't so low to cause a sell-off, and it wasn't high enough to generate additional interest in the stock either. So here we are Doug,.... stuck in the middle with you.
How about a thorough update to get us all current on the progress of EVERYTHING pertinent to this stock. Maybe THAT would help.
But there I was
I was taken to a place
The hall of the mountain kings
I stood high by the mountain tops
Naked to the world
In front of
Every kind of girl
There was long ones, tall ones, short ones brown ones,
Black ones, round ones, big ones, ...crazy ones.
Out of the middle
Came a lady
she whispered in my ear
something CRAZY
she said....
SIERRA GOLD, SHOCKED THE WORLD
sierra gold, shocked the world
sierra gold, shocked the world
sierra gold, shocked the world
I thought to myself what could THAT mean,
Am I going crazy, or is this just a dream?
Now wait a minute...
I KNOW I'm Lying in a field of grass somewhere
so it's all in my head
Charlie
it went! 250k at .0013 puts me BACK into the million shares club.
Now I'm ready.... come on NEWS!
Charlie
Hey! I just put in a buy order at 13 five minutes ago, and although the ASK is 13, it hasn't gone through??? What gives? How can they hold it up?
You bet!!
I want my
"Money for nothin' and Chicks for Free!"
Bring it on!!!!
Has anyone called John to ask him what time we can expect to see the Good News??? If they can tell us the DAY that the news will come out, then the TIME of it shouldn't be insider stuff, right?
Charlie
Thursday we'll get to see who was right... the Chicken Little's or the River Boat Gamblers. the Chicken Littles should have already left since their sky has been falling. Now what's left is all us gamblers trying to buy more cheap so we can "Double Down". What's scary is that we are ALL playing blind. This entire thing is based on our trust of John and Doug. I keep remembering TIA from the movie "Blood Diamonds" (This Is Africa). Business isn't done the same there as here. The rules are different, the politics are different, and I have no idea of all the challenges Doug and John must be faced with.
My fingers are crossed and I'm hoping for good news Thursday Morning! I'll be up extra early checking the web site.
What happens after that? What are we going to be doing for the weeks after that until another update? I'm afraid all the flippers will bail and the price will come back down to where we are now, so the smart ones in here will be flippin' with 'em, right? Just be sure to get back in before CC news hits or .. miss the big one!
Charlie
as much as I hate bashing..... I have to agree with Feddup on this. We need numbers and we needed them yesterday!
a few rapid fire PR's are what is needed. We have to start somewhere so COME ON, get the first one out already.....
Charlie
I'm kinda new here, but I've been reading the posts for a few days. What happens on Monday? Is there a conf. call or webcast with Ike? Is it possible that he will announce some financial numbers on Monday?
The potential of this company looks really good to me, so I'm really happy with my decision to invest a little here.
Charlie
That's what I was thinking.... "Who needs a loan when they have gold". I was also thinking that the loan line could have been left over from a few years ago and maybe John just forgot to clean it up.
Funny how something like this can drive investors nuts! Of course, all the spectulation and confusion would go away if they would just do something like.... oh, I don't know.... maybe a Freakin' PRESS RELEASE????
I may not have the cash to buy more SGCP until Monday or Tuesday, but I have no fear cuz by then it may be 0007. One more zero than Bond, James Bond, that is!
Charlie
So is it everyones opinion, except REVtruelove (Shannon) that the million dollar loan search isn't real or was just a single comment on one of John's web-resume's?
I have a question... yes, imagine that. the Rookie has a question.
I want to sell some other positions and buy back, plus more, of my sgcp but one thing is bugging me.
IF they've had a good production year (300 oz or more) then why would they need a loan for expenses? Wouldn't they have enough money just selling the gold? Or is the loan info that I've recently read here bogus and there just to make people like me nervous? WOuldn't 300 + oz give them over $300,000 and wouldn't that be enough? That plus all the diamonds that we all know are there somewhere.
Tomorrow morning I might make my move. Or just sit back and watch.
Charlie
I usually read these to get some info and ideas about the stock, but this morning it seems like the boys are pulling out their noodles and seeing who is bigger. Who really cares? Why argue? I can be right without anyone else thinking so.
I was thinking the same thing! I sold some of my shares at .0018 and now I can buy them back at half off prices. This is sounding like a old K-Mart Blue Light Sepcial ad.
I saw they released a finance statement July 1st, but no one here seems to be talking about it.....??? Are we waiting for a PR that May come soon?
Oh crap... I just now saw the dates and it's from 2007!! What happened with that?
This sounds like "The Price Is Right". contestant #3.... can you guess without sounding silly... how much gold is in their bucket?
For the informal survey.... my guess is 250 oz gold and 60 diamonds.
Of course, I'd LOVE to see something HUGE! Like a diamond / rock big enough to make this wait worthwhile. What would that be.... 200 carats?
hey, when will this start trading again? My portfolio has a value of zero. I know this is because of the R/S, but isn't that done already and we should be trading and moving on?
I have a question for all you longs that have been here for awhile. I've been away; sitting in my corner pouting and sulking. I've been upset that this company that I've had great faith in is now withholding vital information about production numbers from us all. Well, enough of the drama. Now it's getting close to the time when they say they will finally show us some numbers.
My question is this; how much gold are we expecting them to report to make it a decent season? How much will be just enough to keep the price up where it is, and how much would be a considered a good season and drive the PPS up?
I'm thinking that if they report less than 150 oz of gold then the PPS will drop, and if it's over 300, then the PPS will spike up. Am I correct?
I'm curious what your opinions are....
Charlie
PeasantGirl, I TOTALLY agree with you about Charts and how they can't really predict squat. The chart can look like crap, and then a PR comes along with amazing news and Wow!, look what just happened!
I think that the charts just give people something to do while they wait around for another PR, IMO.
And wile I'm mentioning PR's, does anyone have a clue when the next one might be??
Charlie
Won't the dilution someday end and then the pps goes up?
Does anyone here think that this stock has ANY chance of moving up beyond .0002? I'm considering buying more to average down my position and it's so damn cheap right now. If this company survives then we'll all be sorry that we didn't take advantage of this.
Charlie
Adios Amigos. I think I’ve had enough, at least for now.
My first buy was for 400k shares at .0009 back in October. Right after the last FR I was so upset that I sold those and doubled my money at .0018. The rest of the shares that I own were bought for a lot more and I don’t want my emotion to get in the way of my business. I sold those shares out of anger, and I made money too, so I guess that wasn’t too bad. I felt that if I didn’t agree with the company’s attitude, then I should sell.
I also believe that once we buy shares, then we have the right to hold them for however long it takes to make a profit. This company still has lots of potential, so I’ll keep them and wait it out and hope for a big surprise July 15th. I bet it’s just a FR, and we STILL won’t see a friggin’ PR.
Reading this board used to give me a feeling of confidence in this stock. A lot of you are well informed and intelligent and were generous in sharing your wisdom and ideas. Some of you have lots of great experience and knowledge in mining companies. I have none, so it was good stuff for me to read.
But after all that, none of us has a clue about this company and what they may be up to. All any of us are doing right now is speculating and guessing. Here is one for you that I don’t think anyone has posted yet…. Isn’t it possible that perhaps Doug has a safe over in SL and he MAY be stockpiling production and just waiting for the price of gold to go even higher before bringing out his bag of gold and cashing it in? Just my own opinion and my guess is just as possible as any other right now because no one knows squat.
I used to be excited about this stock. Now… I’m just tired and frustrated.
Good luck to all
Charlie
I have a suggestion for ANY of the boards moderators. You can do this better, and with more validity, than any of us.
Why not search through the last 2 days posts and put together a string of 5 to 10 of the best stated e-mails regarding investors' frustrations at the last FR and e-mail it to Doug and John? You can put a very diplomatically worded intro and then they can have no doubt about how we feel.
Of course, I imagine that they already know, and didn't Doug say in the last FR that he is aware of what was being said in the Boards? Well, I consider this would be a good faith effort to let them know, beyond ANY doubt, just how frustrated we are with them.
Anyway, that's my two cents.
Charlie
John, What a disappointment! Why would he intentionally hold back information from us investors? All of us KNOW that he has at least a few months of production numbers that he COULD have posted in his last FR, but he chose not to. Why?
I have been a strong and true supporter of this stock since last year. I was so proud to have found it, and bragged about it to my friends and family. They looked at me like I were nuts. We had heard of penny stocks, but never sub-penny before and to buy one sounded like I was buying a company that is about to fold. “Not so”, I would tell them, “this one is about to do great things!” So I convinced family and a friend to open their own accounts and buy into SGCP.
We waited for Christmas, when we thought news of the Carbon Credits would come, but it didn’t. Maybe after New Years, but not then either. Surely by the next FR we will know, but no. Now we know that it’s the soft market. That’s understandable, but isn’t that something that SGCP KNEW about several months ago? That’s probably why they bought 1,000 trees, because they KNEW that they weren’t going to sell anything soon. Why not tell US?
Why is it that this company is SO anti-investor? What is the benefit of keeping us in the dark? Do they actually ENJOY being a sub-penny stock? Are they keeping the PPS down just so they can buy more of it on their own?
My patience has run out and I can wait no longer for this company to become forthright with us investors. I feel that this latest FR will not satisfy most, as it certainly hasn’t satisfied me. I feel forced to sell half of my position just to protect myself from the fall that might happen due to the lack of any production numbers.
I feel that the best way to keep us from a tail-spin is for John to submit a NEW field report and give us some numbers! If it is low, then just man-up to it and tell us, and if it isn’t low, then let us celebrate with you! This would be the best way for SGCP to at least keep its current value.
A not-so-happy Charlie
I'm glad to see people talking about diamonds this morning! Of course, ANY good news about SGCP is certainly welcome, but I've felt that we were forgeting how likely it is that LARGE diamonds can be found in SL. It is very possible that we may have found 10 million dollars worth of diamonds! What would that do to our PPS????
Remember this from a couple of years ago??
http://www.redorbit.com/news/business/1590757/sierra_gold_corporation_announces_discovery_of_diamonds_on_sewa_river/index.html
TORONTO, Oct. 21, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today discovery of diamonds on the Sewa River with the 8" dredge purchased from a South African company. The dredging operation produced over 10 carats of diamonds valued at US$110 per carat from its initial test run. Gold has also been collected and its values are presently being assessed. This equipment has the capability to process up to 50 tons per hour.
Sierra Leone is a major exporter of diamonds and is recognized internationally for the size and quality of its diamonds. The country's major source of hard currency has come from the sale of diamonds. Sierra Leone's production is characterized by a high proportion of gem quality diamonds. The country became famous world-wide after the discovery of the Star of Sierra Leone, a magnificent 969 carat diamond. In 2002, a 1440 carat, gem quality diamond was discovered in the Kono district, which was later sold in Belgium for approximately US$75 million. Sierra Leone has produced many of the largest alluvial diamonds ever discovered.
Doug Evans, CEO of Sierra Gold, commented: "I am presently in Sierra Leone and have witnessed the discovery of diamonds. We are excited about the diamond potential of this operation and the prospects of adding additional value to the gold production and to the company at large."
***********
as always.... it's just IMO
and still Long and Strong!
just picked up another 125k at .0019
Charlie
Thanks TOSCA! I was already thinking of buying more shares on Tuesday, but this convinces me even more that I should break open all piggy-banks and buy every last share that I can.
I bought Fannie Mae when it was only $0.40 and everyone STILL thinks that was a bad move even though I sold it at $1.60. I wish I had bought MORE at $0.40.
I strongly feel that all of us are going to be kicking our own a$$es for not getting as much SGCP NOW while it is still sub-penny.
When a PR comes KA-BOOM!!! we'll be in nickel heaven!
Charlie
I agree, eyeamgame! I'm game too! I went to DD machine ad MY finger hit the button too!
Has anyone called John recently to get an idea of when a PR or FR might come out?? I know we all are hoping for tomorrow.
Charlie
oK... Thanks for the clarification.
I guess they had a PR about the profit on May 17, and the filing was done on Saturday.
It's in Yahoo
The link for the quarterly statement is:
http://finance.yahoo.com/q/is?s=bgnn.ob
or just go to yahoo, clink on finance, and enter bgnn.ob
Period Ending Mar 31, 2010 Dec 31, 2009 Sep 30, 2009 Jun 30, 2009
Total Revenue 42 34 29 30
Cost of Revenue 25 12 14 11
Gross Profit 17 22 15 19
Operating Expenses
Research Development - - - -
Selling General and Administrative 140 177 129 149
Non Recurring - - - -
Others - 54 41 (14)
Total Operating Expenses - - - -
Operating Income or Loss (123) (155) (114) (130)
Income from Continuing Operations
Total Other Income/Expenses Net 1,503 (219) (201) 67
Earnings Before Interest And Taxes 1,380 (428) (356) (49)
Interest Expense 3 497 33 32
Income Before Tax 1,377 (925) (390) (81)
Income Tax Expense - - - -
Minority Interest - - - -
Net Income From Continuing Ops 3,014 (925) (390) (81)
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income 1,377 (925) (390) (81)
Preferred Stock And Other Adjustments (26) (34) (37) (37)
Net Income Applicable To Common Shares $1,351 ($959) ($426) ($117)
Hey! just saw a PR and it says we just made a profit!!! I thought you guys would be all over this and be posting all kinds of messages....
Shouldn't this kick-start the PPS on Tuesday morning??
Charlie
Expediter, read all out messages postd here... we are waiting for a PR or a FR SOON, and when that happens.... boom boom to nickels and dimes! all IMO,of course
Charlie
Tuesday morning I'm moving over some spare change from my checking account and also selling a very small amount of leftover shares in another stock that is a winner, but not going up anymore anytime soon. I'm going to try to pad my 1.3 million shares with sgcp with another 100k or so.
Sure hope I can do it BEFORE it pops!
I don't want to look back on these sub-penny days an kick myself in the butt for not grabing all the shares that I can.
Charlie
Thanks Properlynumb for pointing out the dates! You guys are GREAT at looking for details!
I was thinking that maybe it was stock options for John to sign up again with sgcp. It would give him some more skin-in-the-game and they'd want to do it now while the stock is still cheap. Cause we all know that this is shootin' up next week!!!! all IMO, of course
Charlie
No, I don't live in Cancun. I've vacationed there twice and really liked it. I'm a white guy that's lived in California all my life. I LOVED the people of Mexico, and their food, and attitude, and my god, nothin' more cute than the girls on the beach, or anywhere there! I'll be going back someday, someday after we all make lots of $$$$$$ from SGCP!
Charlie
I try to read through all the messages on here that I can until news breaks. Mostly it's good stuff, when the boys aren't puffing out their chests at each other.....
I'm in a positive mood about this company! Everything points toward good news!
John stepped down from Pres. to work on the CC's. Now he is back as President, so that must mean that his work on the CC's is complete. They MAY have sold and the lawyers are putting on the final wording of the PR... IMO of course!
AND I still believe that the mining production numbers will be good!
It's ALL good!
Everything is Beautiful!
Charlie
Thank You Cork for all the info, and thanks to all for the discussion!
I keep checking the sgcp web page for updates.... and it looks to me as if the home page has been changed. Today I'm seeing 2 green dots on the SL map that I don't remember seeing there before, hmmmmm ???? The legend says it is the location of the Carbon Credit projects. Is this new? Could this be the beginning of an update?
Or do I have old age memory and it was really there the whole time? Hey, I'm only 39 with so much experience being 39 that I'm actually in my young 50's.
Good to know all the stuff about John!
Charlie
I've read the e-mail to truelove from John.... and thanks Shannon!
The web sites also list phone numbers for Doug and John. I still feel like a small-time Newbie so I don't feel comfortable calling a company like this. But surely SOMEBODY from here must have picked up the phone and called.... but I haven't seen anyone post their results like Shannon did yesterday.
And I saw that someone posted Johns on-line resume yesterday. I noticed that he listed himself as President of SGCP until Jan 2010, and then again starting in May 2010. Did he just take some time off, or was there a real seperation and then he came back? Why weren't we told that our Presidet had left the company?
I'm glad he is back and I'm anxious for news! (we all are, I'm sure!)
Charlie
I'm absolutely positive Doug would do the right thing. I was just wondering if finding something big would delay him contacting anyone or announcing the good news.
I'm a big fan of SGCP and a big fan of Doug!
Charlie