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I may have to hold onto this one for a little longer.....
SOURCE: Sunergy Inc.
Mar 17, 2011 07:45 ETSunergy Update: 3 Dredges and Equipment Have Arrived In Sierra Leone, January 2011; Test Results Reveal More Rare Earth Elements and An Increase in Value/Ton From $3395.00 per Ton of Black Sand in the June 2010 Tests to $8421.00
SCOTTSDALE, AZ--(Marketwire - March 17, 2011) - Sunergy, Inc (the "Company") (PINKSHEETS: SNEY) today announces that the container with the 3 dredges and operating equipment has arrived in Freetown, Sierra Leone. This now sets the stage for operations to commence on the Company's 140 sq. km. Pampana River Project once the shipment clears customs and is moved to the site. Company operations personnel have been on the ground for several weeks preparing for deployment of the equipment. Dredge operations will begin once the dredges are assembled and located in their preselected locations on the Pampana River.
The dredges, designed by Alan Trees of Dredge Builders Warehouse of Riggins, Idaho, have been custom built to capture the gold, diamonds and heavy black sands which contain the rare earths (REEs). Each dredge is capable to process and handle 50-60 tons/hour of productive mineral laden gravels. A video showing an operating dredge and a discussion of how it operates is available on the Company's website www.sunergygold.com
In a letter to Sunergy dated February 14, 2011, Scott Plummer of RMS Ross In Chilliwack, BC, Canada discusses the January 2011 test results from Inspectorate Exploration and Mining Services Ltd. and compares the June 2010 testing as follows: "The initial ALS Chemex test work was conducted on the black sand concentrate samples that were recovered from locations throughout your Pampana concessions. These results revealed a strong presence of valuable rare earth metals and other related metals that carry significant value and are quite rare. See Press Release dated December 7, 2010.
"It was therefore proposed that a second series of mineralogical tests be conducted that were considerably more expansive than the preliminary tests, and that they be conducted at Inspectorate Exploration and Mining Services Ltd, in their Analytical Division in Richmond, British Columbia, Canada. This was decided, since it was known that they had purchased state of the art analytical equipment that would be able to determine very accurately the complete range of rare earth metals and other related valuable metals. This was to verify the accuracy of the previous body of analytical work at ALS Chemex and would reveal a more complete range of metals of value in the Pampana River black sand samples.
"What was found in the second body of test work verified the initial work as being credible, and was able to demonstrate additional values. The large increase in the estimated average value of metals per ton was due to both the expanded range of metals tested for, some more accurate test work that was conducted, and also directly relates to the considerable increase in rare earth metal values over the last year. Together, they account for the increase from $3395.00 per ton of black sand in the June 2010 tests to $8421.00 in the January 2011 test results."
SOURCE: Sunergy Inc.
Dec 07, 2010 07:07 ETSunergy Large Scale Rare Earth Element (REEs) Concentrates Valued at Over $3,897/Ton After Free Gold Removal on Its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa
FREETOWN, SIERRA LEONE--(Marketwire - December 7, 2010) - Sunergy, Inc. (the "Company") (PINKSHEETS: SNEY) reports that in addition to the free gold recovered in alluvial test mining conducted by its subsidiary Allied Mining and Supply, LLC on its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa, the Rare Earths (REEs) concentrates recovered are valued at over $3,897.00/ton. Diamonds are also a component recovered in the operation as a value added byproduct.
These sands are consistent and verified in the river channel and along the banks and benches. Company geologists estimate 50kg./tonne rich black sands easily recoverable by dredging and land-based mining suggesting the likelihood of highly profitable and immediate alluvial mining operations. Inspection of artisanal mining and prospecting sites within the license area show black sands containing the rare earths (REEs) throughout the claims. Titanium values previously announced are included in the above valuation. The content and values of Rare Earths (REEs) including the residual contained gold and titanium for the five samples of concentrates are averaged as follows:
Read the assay reports. They talk about the updated reports where they raised the price per ton to $8000.00 from the original $3400.00 per ton. It states that there is aprox 50kgs of black sand per ton of material which works out to actually be 110 lbs per ton.
I am just running through the messages but this came up the other night. The problem with those numbers is the $8000.00 figure is for black sand. There is aprox. 100 lbs of black sand for every ton of material they run through the dredges.
I am also in that other stock, they have done preliminary test and have asseys on what is there. MGRN has no idea what they have there except that there are other mines in the area. We have not seen anything to tell us what is there.
It may be growing with all these great ideas of what they want to do or with contracts signed or land acquired but they still have not finished anything to generate income.
Good call Risk, thinking of selling my OTHER stock and getting more of this if you know what I am talking about. Go SNEY.
Sorry guys and ladies if there are some here, I am not a paid member so I can't respond to private messages. I am into MGRN with several Mil shares, I got in at .ooo1 so I am ahead of the game but have been wondering if I am missing the boat on some other stocks I have been watching and are going up by leaps and bounds. I need to make a phone call to MGRN tomorrow to ask some questions. They have some property but no assay's on record about what may be there. They haven't told us how they plan to mine it or what equipment they have there. We know it will involve alluvial type mining but are they gonna do it with 100 people and gold pans or do they have dredges or what?
I have been hearing that for 3 years now.
I got into MGRN 3 yrs ago but just found Ihub. Was following Yahoo Message boards but got tired of the people that could only bash it. I have been watching a couple other stocks and the are going 30% up a week and we here at MGRN are going nowhere. Time to pull the plug and move on.
I am done, been holding for three years on PR with nothing happening. Not sure they really know what they are doing.
I am new to all this and just found out I can sell and buy with unsettled funds, you guys probably knew that huh....(as he shakes his head and says "greenhorn".
I am seriously thinking of dumping all of it and going someplace else, I am watching my ticker on others going 30-40% right now.
Someone needs to explain what is going on before I sell short and go someplace else...
Sorry guys, I guess I copied and pasted it several times in the same message, I am still learning this stuff
Sunergy Large Scale Rare Earth Element (REEs) Concentrates Valued at Over $3,897/Ton After Free Gold Removal on Its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa
FREETOWN, SIERRA LEONE--(Marketwire - December 7, 2010) - Sunergy, Inc. (the "Company") (PINKSHEETS: SNEY) reports that in addition to the free gold recovered in alluvial test mining conducted by its subsidiary Allied Mining and Supply, LLC on its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa, the Rare Earths (REEs) concentrates recovered are valued at over $3,897.00/ton. Diamonds are also a component recovered in the operation as a value added byproduct.
These sands are consistent and verified in the river channel and along the banks and benches. 50kg./tonne rich black sands easily recoverable by dredginSunergy Large Scale Rare Earth Element (REEs) Concentrates Valued at Over $3,897/Ton After Free Gold Removal on Its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa
FREETOWN, SIERRA LEONE--(Marketwire - December 7, 2010) - Sunergy, Inc. (the "Company") (PINKSHEETS: SNEY) reports that in addition to the free gold recovered in alluvial test mining conducted by its subsidiary Allied Mining and Supply, LLC on its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa, the Rare Earths (REEs) concentrates recovered are valued at over $3,897.00/ton. Diamonds are also a component recovered in the operation as a value added byproduct.
These sands are consistent and verified in the river channel and along the banks and benches. Company geologists estimate 50kg./tonne rich black sands easily recoverable by dredging and land-based mining suggesting the likelihood of highly profitable and immediate alluvial mining operations. Inspection of artisanal mining and prospecting sites within the license area show black sands containing the rare earths (REEs) throughout the claims. Titanium values previously announced are included in the above valuation. The content and values of Rare Earths (REEs) including the residual contained gold and titanium for the five samples of concentrates are averaged as follows:
g aSunergy Large Scale Rare Earth Element (REEs) Concentrates Valued at Over $3,897/Ton After Free Gold Removal on Its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa
FREETOWN, SIERRA LEONE--(Marketwire - December 7, 2010) - Sunergy, Inc. (the "Company") (PINKSHEETS: SNEY) reports that in addition to the free gold recovered in alluvial test mining conducted by its subsidiary Allied Mining and Supply, LLC on its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa, the Rare Earths (REEs) concentrates recovered are valued at over $3,897.00/ton. Diamonds are also a component recovered in the operation as a value added byproduct.
These sands are consistent and verified in the river channel and along the banks and benches. Company geologists estimate 50kg./tonne rich black sands easily recoverable by dredging and land-based mining suggesting the likelihood of highly profitable and immediate alluvial mining operations. Inspection of artisanal mining and prospecting sites within the license area show black sands containing the rare earths (REEs) throughout the claims. Titanium values previously announced are included in the above valuation. The content and values of Rare Earths (REEs) including the residual contained gold and titanium for the five samples of concentrates are averaged as follows:
nd land-based mining suggesting the likelihood of highly profitable and immediate alluvial mining operations. Inspection of artisanal mining and prospecting sites within the license area show black sands containing the rare earths (REEs) throughout the claims. Titanium values previously announced are included in the above valuation. The content and values of Rare Earths (REEs) including the residual contained gold and titanium for the five samples of concentrates are averaged as follows:
The dredges, designed by Alan Trees of Dredge Builders Warehouse of Riggins, Idaho, have been custom built to capture the gold, diamonds and heavy black sands which contain the rare earths (REEs). Each dredge is capable to process and handle 50-60 tons/hour of productive mineral laden gravels. A video showing an operating dredge and a discussion of how it operates is available on the Company's website www.sunergygold.com
Risk, what you are missing is that the $3000.00 a ton is for black sand, not total material, the Allied assay says there is about 100 lbs of black sand per ton of material. The Ibox says that the dredges they are getting will process 50/60 tons an hr per dredge. It is all in there PR's
I bought 1.5 mil 3 yrs ago and actually forgot about it and decided to look the other day and like what I see. I have had it long enough that I haven't missed anything, I am long and will hope they come through.
I am new to all this stuff but have been looking around all the press releases and have seen some of you guys calculations on gold production. A couple things I saw in the last press release states the dredges are capable of 50/60 tons an hr for each one. The assay report from Allied says that there is about 100 lbs of black sand per ton of material. That works out to about 2.5 tons an hr of black sand. The low end of the price per ton of black sand is about $4000.00. So working it out it comes to about $10,000.00 per dredge per hr of operation but only if they have the equipment to move that much material. I am not picking on anyone and if I am wrong about anything I have read then by all means clear it up for me.
Johnplayer, with those kinds of numbers where will it take the stock in a year, in your opinion of course?
I am not a paying member of IHub and cannot respond to private messages, Sorry
I am new to this board and new to SNEY. So I have been reading up on things trying to catch up. I am not going to read through 18,000 messages on this board. One question I have that I am sure someone knows is that the agreement with Allied allows them to buy 100,000,000 shares of stock at a set price. How does that effect the price of this stock if they excercise there option at a price far below what it is trading for now.
Question for you guys. Which level 2 program do you use. Is the IHub program a good one or what do you recommend. I am don't have a big enough account to qualify through my online broker.
I read the recent news and one of the things I picked up was the statement about getting news from the company and not to rely on message boards for information that can be regarded as fact. Slojab, read it and understand you are asking the wrong people for information that you need to call the company and ask. Stop posting the same questions over and over again. Call the company and get the questions answered from them.
Thank you JohnPlayer, I see the same questions being asked and answered over and over again. I think the smart thing to do is instead of asking the same questions here over and over again, call the company themselves and ask the questions. Go MGRN.
MGRN is moving without any financial reports about any income yet, just on news of what they are planning on doing in the next 12 months. Once they start the operation and it starts showing income this will take off. I am long and strong for at least another 12 months. I have had it over 2 yrs so I am in no hurry to sell. If I am lucky and this hits a dime in the next year or 2 then I can retire without a problem. Other then that I am confident it is going to move once they start showing income.
Who buys 100 shares of this stock?
I have had this stock for over 2 yrs so I am long and strong. I want to see how this stock does after they start generating some income. Go MGRN
I have a Scottrade account and am waiting for some funds to clear and I will be in there trading.
I am like you Zela, I got in 2 yrs ago but I haven't sold any shares. I am waiting to see how things go this year and to see if they actually start generating any revenue. Once the money starts coming in there is no place to go but up. Hang in there MGRN.
I guess I don't understand. Someone bought 42 mil shares at over $21,000.00 so someone knows something. I am new to pinks so there is alot for me to learn. On a whim I bought 1.5 mils of MGRN a couple yrs ago and actually forgot about it and checked once in a great while. For me, since I bought at 1 I am still ahead but I am long anyway cause I want to wait and see what happens when revenue starts coming in to see where this goes.
I am hoping for a Dollar by the end of the year so I can retire.
Good morning everyone. New to the boards but not to MGRN. I bought this several years ago and actually forgot about it. Bought a Mil at .0002 so I am way ahead of the game. Been reading the post for awhile and looks like we might be in for a good ride. I am long so not in any hurry to sell anytime soon.
I am not sure why the previous post was made or what the point was. The letters MGRN used to belong to Blue Fish Clothing, When they filed bankruptcy and closed the Monogram Energy changed there letters from MGRA to MGRN. There are still sites that list MGRN as Bluefish with all the corporate people from there. The 2 companies are different and are not affiliated in anyway. If you are one of those that is following this stock, there LOI to purchase US Green Energy, INC. should be complete by the first week of May and there should finally be some movement in this stock. Hope it goes well, I am in for a couple million shares.