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Anybody want to guess what the $2.10 MM message might be?
Yes, patience PM. I think G-ianni has it right to wait on .0020-.0021 for buying opportunity. To get to over .01 or better within the next couple months there would need to be a number of gap ups. Gap ups scare me unless supported by BIG news! Not saying it couldn't happen though! Don't worry PM, either way I believe SGCP will get us to RGI!!! Just a matter of how much time it will take?
There "MAY" be some buying opportunity within the next 4 weeks .0018 - .0025 before the next leg up. I predict by mid January we will be trading in the .0032 - .0036 range and never looking back to the 20's again! Wish I had my Christmas money now! I'm all tapped out dang it! IMHO-GLTA
Well put b4. I look at the charts every day to get an idea where things are heading short term. If I'm a daily, weekly, or even monthly flipper, then charts are important to me. However, even though the fundamentals affect short term, they give you confidence in long term speculation. Most of the long time members of this board believe in the fundamentals of SGCP or we would not have been sitting/accumulating shares during the low price/volume during the spring and summer months. Anybody in any stock can not expect a stock to keep climbing higher without some major retracements.
IMHO
Any stock that goes up quick is going to retrace and give up it's profits before the next leg up. If I had enough shares to split, half to keep long term, the other half to play the run ups I would. I don't want to be caught chasing so I'm keeping my shares for long term purposes, especially since I sat with these shares in the trip zeros for a brief time. If it goes back in the teens, I'll be accumulating more shares. With all that said, no one can blame you for taking profits. Hopefully we'll see you back again and you get a good entry point. Good luck to you.
I just put my sell order in at 1.00 too. If anything, it's fun to see how much I'd make minus commissions.
Looking at the two year chart for SGCP the pattern we are currently in is a strong up trend, something that has not been seen in the past two years. This is not an aberration like last December when SGCP shot up like a rocket, but when the fuel burnt out, it fell like a rock. The pattern we are currently seeing is not a rocket but more like a hiker's slow grueling climb up a mountain. This is a pattern that is supported by underlying fundamentals of the company. There will be down tick days, but in the end, the hiker will get to the top of the mountain. To each investors their own as what they define as the top of the mountain! IMHO
Yes, Golden Cross on the six month chart, Also I can see it in the above two year chart where it's just breaking through! GO SGCP
The World Meteorological Organization has made announcements that all efforts intend to bring down the level of gas emissions, more precisely of methane (CH4), and nitrous oxide (N2O), both being responsible of the greenhouse effect due to the fact that 2009 has scored new records as the concentration of carbone dioxide (CO2) grew by 1.6 parts per million. This rise has set the record of green gas concentration at 386, 8 parts per million.
http://www.staho.com/gas-and-electricity-consumption-levels-up-greenhouse-gas-concentration/208124/
Cancun climate change conference: it's time for politicians – and the EU – to buck up
http://blogs.telegraph.co.uk/news/geoffreylean/100065118/cancun-climate-change-conference-its-time-for-politicians-and-the-eu-to-buck-up/
Gold going up, mining operations starting, global warming getting worse. The perfect storm to push SGCP over the top in 2011!!!!!!
Hey Cork and b4, I don't have PM ability. If you two don't mind, can you PM me an email address?
Silver is the gold multiplier, it hasn't even began to catch up to gold. Wish I could find a sub penny stock in silver that is similar to SGCP in gold!
Up all Day
Down at the End
Market Makers Play
Don't try and kill our Trend!
Agree with you completely b4, believe me, hope your not wrong! I want to get to RGI too!
agree with you b4atf that sgcp is undervalued. However, I believe any stock can be considered over bought if there is a sharp increase in price, even if the high of the price is still undervalued. To me it's all dependent on how fast the run up in price. That's why I like to see a slow smooth rise in price. To me, that gives you more confidence in the rise in price. I'd like to see SGCP trade in the 20-25 level until January. News comes out, then see it trade in the 30-40 level for a few months, etc, etc, etc. until it reaches well into the penny's with a very stable rise in pps. This plan of mine will take month's, maybe even years for it to reach a pps that I think is fair value, however, with a slow rise in pps, at least I would have the confidence that the bottom not going to drop out the next day.
All good signs Chris, but doesn't RSI approaching 70 indicate overbought level? With that said, I'm expecting a pullback at some point.
Getting some nice volume today, investors siting on the sideline ready to play before EOD bell?
Nice EOD Buy to get us green for the day!
Yes, when that cross takes place I expect more technical traders to jump into SGCP pushing the price up. For me, I've decided to be more a long time investor so I like the fundamentals more than the technical. Fortunately for us I think the fundamentals as well as the technical look very strong! IMHO.
BTW phitila, keep up the good work, enjoy reading your research!
Golden Cross is taking place if you believe in following charts.
It's refreshing to see SGCP holding strong at or above .0020 with spot gold taking a big hit today!
I don’t post a lot, but I watch this board everyday and enjoy the very informational posts of the “Old Timers”. With all the raw raw crap, it made it hard to find the real informational posts. In fact, it seemed there was less posting from the “Old Timers” when the raw raw was going on, in turn new investors can not find the meaningful information. Now it seems like things have calmed down, the flippers have left, and notice there is less unsubstantial posts cluttering up the board. Yes, anybody can post on the board, but the general sentiment is to just keep it real. To all the new SGCP investors – welcome and GLTA and hopefully some day a new investor will be calling you old timer.
LFMAO, when are they going to leave?
As negative as Tekoah19 sounds, I do agree with him on one thing. I don't believe we will hear about any gold production numbers until 2011. I'm not sure why anybody is expecting news over the next couple weeks when we will not be at full scale dredging until December at the earliest? Why psyche yourself up for a big let down and then blame SGCP management? Now is the time to be patient for a few more month's and look forward to 2011 mining season. My disclaimer is that this is my opinion on Gold and Diamond production only which is the real reason I got into this play. If there is news on SGCP other projects that spikes the pps, then that is just icing on the cake for me.
GLTA
I agree completely with you cork! I was playing around with Gold Futures contracts in the summer of 2009 and gold was bouncing between 850-950 an ounce! Even then speculators were saying gold was going to hit 1500 an ounce eventually but I didn't believe and pulled out. How I wish I had a few Gold future contracts now! I'm not going to make the same mistake with SGCP. It's boom or bust!
Gold exploding to new highs! Hopefully SGCP to follow soon!
Where has Zilch been?
Big deal, most of the long time investers in this stock have sat on their shares for month's when it was in trip 0's before. Why would that worry any of the true longs when mining is right around the corner and the pps will go up based on hard fact revenue and not speculation?
No problem gem, I hope your right. I just like to look at things conservatively and if things happen before what I think, then that's a great surprise for me. I just don't like to get overly optimistic and build myself up for a let down. IMO we should hear about gold production by mid January at the latest, if it happens before then, that would be GREEEEAT!
IMHO, I don't think there will be a PR until late December/mid January. That's also when I expect to hear about some gold production numbers. Until then, we will need to be patient and hold or accumulate at the .0010 to .0013 price range(Yes I know, a lot have been patient already for month's if not years already). Of course, any news on CC would be a pleasant surprise. But I'm not expecting to hear anything on CC for a long time. My bet is on the Gold Production numbers beginning in late December/mid January. Once again, this is IMHO.
Ahh, that's the answer I was looking for, not that it was definitely one or the other, but the possibility of it being one of them. Two things I would hope for and this is speculation of course. If it is SGCP, then I would assume they would be using the money to gear up for production! If it was the MM's, then good, I'd like to see them have less and less control!
Cork, can you explain the prearranged concept? Within 30 minutes we went from volume in the 100 thousands to 29 million. In your opinion who would be holding the shares that were bought? Where did those shares come from? Thanks in advance.
Have to agree with you on this one tt. They better be putting the money to good use, like stock piling fuel to keep the dredges going over the mining season!
I would not expect much in the October field report other that what they may be planning. Actually, I'm not expecting much in the November field report either. It's the December and January field reports I'll be looking forward to. I could be wrong about October and November, but at least if I am, I'll be pleasantly surprised!
"With the climate conference in Cancun and the upcoming U.S. elections all taking place in November there is much uncertainty in what direction the Carbon Credit market will take. Given the above, the company has reviewed various options to fast-track its marketing potential and has been advised by third party consultants that taking the project to full validation offers the best chance to achieve this goal and therefore will continue to pursue this option."
To me the key words here are "Best Chance" to achieve this goal. That does not read to me as a definite sale of the CC project even at a lower price than expected. It sounds to me that SGCP is doing everything they can to get a sale done base on the advice of third party consultants, but there is no guarantee of the sale?
Hopefully I’m wrong and your right! Also, I do like your idea of reinvesting in gold production. Can you imagine 20 dredges working on the rivers, or reinvesting in hard rock mining where you can actually include gold estimates as your inventory that has not been mined. What a day that would be to own millions of shares of this stock!
IMO
Hope your right, that would be a nice Christmas present...wouldn't it?
Lol Cork, could be the Holloween costumes that were sold to increase retail sales? Actually, as high as gold is spiking you have to expect some profit taking. I would expect Gold to hit the 1340 levels before it makes another push to 1400. However, I do believe gold will be trading around 1400-1500 during SGCP's mining season.
I think the world economic crisis, specifically Europe, has pulled the carpet out from under the CC project. I agree that the sale of the CC/Biomas projects will propel SGCP to heights that will put smiles on all our faces. Even though I don't believe those projects are dead, I don't think they will come to fruition for a year or two. I could be wrong about that. Right now I'm banking on SGCP producing enough gold to keep us investers happy for the short term to get us to the sale of the CC/Biomas projects in the long term.
IMO
Cork, just wanted to let you know I got your message.
It was good to see you stick up for your company, the way I see it, you look at it like a child misbehaving and your trying to discipline the child, but if somebody else says something about your child, especially if not true, you jump down their throat! I said before, I try to take every investors information into consideration good or bad. That means you, cork, b4atf, zilc, TOSCA and all the others.
I'm averaged down to .0019, if I had more funds I'd be buying now. I don't think SGCP will see trip 0's after December 1st. You may see it before than but I doubt it. Depending on how this season goes, it may drop to trip 0's at the end of the season again(which would indicate another bad season), but then again, if the season produces the way I think it will, you may never see .0020 again! With all dredges going, I'm expecting them to mine 4.5 million dollars worth of gold from December to May, worst case scenario. It's a risk, but I'm a risk taker!
All my own opinion
I know you have been critical, but I truly believe you have investment in SGCP unlike somebody that obviously has no investment in SGCP and simply here to bash.