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You know I'm always here
What's the pundits' agendas? Mickey has told it like it is for two years now, and because of him and my listening to him when I hated his advice, has saved me a lot of money and has positioned me in a way to make a geat deal of money. Listen up. This stock is at .0015 and not .02+ like it was. I still have big time shares in it, but at a much lower basis because I listened.
As usual Dredge, you are spot on. I do check in almost everyday to see what is being said and most of it is worthless, a few good posters are informative, but for the most part I'm stil sitting back and following my own strategy, which is working. I've no time to post. Who would I respond to? I'm always amazed at what everyone thought was going on. From day one I always likened SNEY to the little engine that could. One of my first PMs to you two years ago was my concern with the dredges, which to me looked like toys and not something a major exploration company would tout, and you just kind of nodded your head and let me draw my own conclusions. This has always been a financially strapped operation with its head in the clouds. As I also told people on this board, when I started in the oil and gas industry I had to start at the bottom, and the odds of my perservering were astronomical, but I did. I thought SNEY could do the same. The only difference in my underfunded operation and SNEY's as I perceive it is the Steve Parant factor. I did everything I could when I could to get the oil. I fought for money, I fought for deals, and I fought period. As much as I disliked interference from my investors, I was wise enough to talk to them and empathize and commiserate because after all I was using their money. He on the other hand at the best has been incompetent. When he talked to me, he delivered, but when I tried talking to him later, he ducked me. I started playing the peaks and valleys and now hold a minor position of around 20M shares. Unless this thing really crashes, I stand to lose less than $10,000, but my chances of making money keeps increasing as long as there is movement. I like coach am biding my time. I would like to see more insight and less whining, but be it as it may, among my invstors were cheerleaders and crybabies and each ended up just the same. We make money or we lose, but if it is done with honesty, integrity, due diligence and above all competence, there is a good chance of success. None of that seems to be apparent here, what with no regular communication from the company..... but what do you expect when dealing with a now subpenny stock that has plummeted reflecting its financial worth? To be treated like a major 500 company. Forget it. All of the legitimate prognosticators said do not invest in SNEY, its likelihood of failure is almost 100%. It still is, and some of us are still in, and those that got out like to come in and crow about their wisdom in getting out, and how foolish the remainder are for still being here. Don't worry about it! My financial investors that handle my real investments are laughing at me too, because as I posted a year or two ago, they advised me to invest. I chose to gamble. That is all this is. One last thing. I had a source in Sierra Leone that turned out to be untrustworthy to say the least. I learned some lessons there too when doing DD. Keep doing it.
Looks like I was sleeping...actually working and forgot to look in this morning. I put in a bid for a million shares yesterday at .0011, and forgot to renew it today. Oh, well, maybe Monday.
Just picked up 600,000 for .0015. Now I'll sit back and watch. Maybe March of 2010 will repeat itself.
Unfortunately, I was on a rig and my order expired so it wasn't me. Just got in and saw it. LOL
Probably a lot of people have a lot of low bids in hoping someone will get tired and dump their shares, while others are waiting for the once-inevitable rise in pps. I still have beaucoup bids in at .0016, but no one is selling. Why SP is still around, I do not know. But, I think it will break soon (next month or two), but which way I don't know. I just hope I guess right. GLTA
Thank you senor
I still would like to know how red or green is determined. I had a bid for a million shares in and it was partially filled after 10:00 this morning (of the 520,000 shown, 320,000 was mine). It shows up red, not green. That to me is riduculous since the bid has been pending for days. Now I have a new bid in to fill my quota. It really seems to mislead. Although its not that many shares.
FWIW, I have had 2020000 on the bid at .0016 and now only 1020000 at .0015. LOL
Not you CK. LOL Neither have I. Tempted, but no time.
Ah yes! An investor doing due diligence----something lacking in a lot of investors on this board. Thank you for babysitting so many of us on this board. One of the few voices of experience and wisdom.
This needs to be stickied. This is keeping it real Payful.
Bali, Bali, Bali - why do you not have that idiot blocked out? Why respond at all? I like your optomism and cheerleading. It has been one of the few bright spots on this board in the last few months, what with all the whining, crying, hypocrisy, and know-it-allism going on. Keep it up. Those that care still want to hear from you.
Ain't that the truth!
Yoou string him up and then I'll consider it.
I've never really advised anyone to hold on to the stock on its way down. I believe the stock over the long haul will make excellent money if the company does not go broke, a strong possibility. But I wasn't stupid enough to buy in at .026 and hold on through all the dips and rises as it went steadily down. I was fortunate enough to get some in the los of October 2010 and I averaged up as it rose and I've bought and sold in some small and some large units as it has come down. (Lost some and won some). On whole, my average is still red, but negligable in relation to some and more than others. Such is the game. But see. I'm an oilman and its risky when trying to get to Mother Earth's stash. It's a gamble. I've always said (check my posts), this company had more dreams and schemes than money, and it takes money to assay, mine and produce. SNEY is scrambling and if it succeeds, we do too. If it doesn't, we lose. Plain and simple. If its tauting, I plead guilty. I certainly do not one anyone to lose in a venture I am a part of even if I am merely one of the investors. After all, it is a common purpose.
On another subject, I have never tried to get anyone banned, especially for life. LOL. If I have anything to say to an individual, I man up. If that certain individual were honest, he would admit that I don't mince words when I speak to him directly. That said, since he or she is in this with me, I wish him the very best on his investment.
Let me iterate. There are certain stockholders that are really in this stock for the longhaul, and are comfortable with their position in the stock. That said, we all are concerned and worried about how this is playing out. We would rather focus on trying to find out what is actually happening in Africa and in Arizona and the relevant inbetweens. We're neither pumpers or dumpers. As for those who whine, piss, and moan, and pretend we do not want to hear the bad information; that is simply not true. We are realists and we want to know the bad news. But calling names, pretending the "stockholders" are in control and all that crap just doesn't get us anywhere. It is not the message so much as the messenger. "Ignore" isn't any good because the messenger elicits a lot of responses that are just more deadwood. The other "forum" is just some of us trying to get to the bottom of what is really happening so we too can make informed decisions. But we don't have certian idiots dropping in and giving stupid opinions. And yes, I'm a bagholder. I know who the faithful are and if I have something positive to forward, I certainly will as I learn it. Jim
Do you really want to know where we are? We are in another forum where those who really believe can talk and share information without having guys like Long and the others spew their crap. We read this forum just to see what is being said, but we no longer contribute because of all that crap. It's really too bad some let their egos get in the way of really trying to do right by each other.
YOU DO ALL OF THAT, BUT THEN SOMETIMES YOU JUST GOT TO ROLL HE DICE. Sorry about the caps. The damned keyboard.
I'm in it until 2013, come Hell or high water. Besides, I've been buying and selling on the dips. I hope no one thinks I'm stupid. LOL
I've picked up a substantial number of shares at .0025 (why they appeared as a sale I'll never know) and I will do so when it hits .0015 and .001, but I think there will be no production until 3Q 2013, if ever. That has always been my target date, and that was when I felt comfortable with what was happening. Now I am not confident in management and its lack of a game plan as evidenced by its so-called game plan.
There is no question that we are at the junction where we either need to cut our losses or decide to stick it out and hope SNEY will succeed. The problem is that the little train is broke and SP for all of his mouth does not seem to know how to fix it. It may have all of the sands in the world, but it has no plan on processing the sands. It needs a ton of water to process the sands and that is the rub. It's on a river, but if it uses that for processing, the end product is a lot of sludge and waste. Do they have a plan for that? Do they have the huevos to get the job done? As much as I hate the idea of a JV, and I have said that time and time again, SNEY may have to do it to get the job done. And that may mean talking to the old Allied guys again. Better lost pride than lost money. They seem to know what to do. When it came to getting current, SP (I felt) never mislead me, but I have always been unsettled with his inability to generate really solid information. Snake oil comes to mind, and I am reluctant to say that, but it's an understatment to say that we need to go in another direction. There seems to be a paralysis in management that is life threatening. A wrong decision would have been better than no decision. When running a business I always have a sense of urgency, and we don't have that here. SP probably needs to go, and real mining people need to be in operations, not chief negotiators. Jim
I'm not sure about his role in a publicly traded company. he is the type of guy I go after when I'm selling working interests in drilling programs. He invests and if we hit oil, he gets to option in to other wells. But how does he fit in here?
Mikey: your reasoning is faulty and narrow. You picked the premise that Tant was formed as an exit strategy and ran with it. Your conclusions followed this and you stated it as fact. IN POINT OF FACT, we don't know why Tant was formed and I can think of several, and we don't really know why certain parties left, and I can think of more reasons than you listed, so I must wonder what your agenda is. To inform, or persuade, or an exercise in ego. I read your posts with inte4rest as always, but without official word, we are still running around in circles. One thing we do know and that is SNEY is still viable right now, but how far that goes is still conjecture. Jim
Risk, his name says it all! When I have something to say, and if someone will listen, then I will say it. But a lot of peeps speak of which they know nothing about. Looks like someone attempted a palace coup and it didn't work out. In-fighting can sink a ship faster than a storm. But if the ship ever gets upright, things will take be okay.
They always had their act together. They just never followed your script. Thank God!!!
No need to apologize. We all knew you didn't know what you were talking about and that you had made it all up. I mean we are talking about SNEY. Ah, just kidding. You were a bright spot in an otherwise typical daily discussion. We know that no matter how optimistic things are, reality has a way of getting in there and messing up things. We are looking ahead to better things and we need you to keep cheerleading. You go above and beyond and that is what counts. You are our best unofficial source of information, so don't stop now. It's my understanding that Ghana is really looking good by the way. Jim
Guys: Been out of touch due to much work. Rocket, I sent the PM you requested. See not much has changed as far as the negative crap coming out, but even so, they'll be dragged kicking and screaming to the glittering gold. Have a good'en. Jim
He paid $34 bucks on a stock that can eventually net him $5,000. That's a hell of a strategy. And those that get it now at .0061 are doing even better. Those who are selling are taking losses or clearing profits. It doesn't matter what happens right now. If I weren't so saturated, I'd get more because when current and if the production is there, we make big bucks too. AIMHO of course.
SNEY does ot need an extension. The two filings will come out timely. Bank on it.
I'm not saying "if." I'm saying SNEY will have all reports out timely. No question about it!
We won't be late with Q2 and Q1 will be filed shortly. The company is on the move, but agin, it's moving along to its own drums, not ours.
As I understand it, it was the auditing of Allied that took so long. Maybe I misheard. Wouldn't be the first time.
I undersstand. Some of us operate in chaos (I'm one) and some have to document when they scratch an itch, and some can navigate between the two. I've had my butt handed to me a time or two for not having documentation, and my butt has been saved a time or two by not having documentation. But, as I've always said, you prioritize. SNEY knew going in that Allied had bad paper, but it also had all of the mineral rights. You buy the good with the bad. But to blame SP for Allied's problems is wrong. As I have said, SNEY is playing catch-up on the filings. But it is running a viable ongoing concern and that is where I'm looking.
I think those who laugh at people who buy 5,000 or 10,000 shares are way out of line. They scoff at the commission charge and make a big deal of it. But if a person buys 5,000 shares at .008, he has spent $47 including the commission. And if he's a flipper or day trader, that is a loser, but if he thinks this is going to get big (which I do think, having done my DD), that little $47 investment could be $2,500 or more. If he kicks in a little each week, we're talking big bucks. Everyone on this board can get a hold of $50 a week including the whiners.
Another thing, everyone says they think this is going to fly every time there is a filing. I've been a holder since 2010 and I've never seen the stock take off after a filing, and I don't expect to see it take off after the 1Q is filed. It wwill begin climbing when the CE is lifted and the company gets positive information to us. In other words, SNEY has got to sell itself to us (call it pumping, I don't care), and the sooner, the better. Production is where it is.
One thing that has been repeatedly stated here that seems to have been shrugged off by the Sneysayers (not you), is the fact that Allied had to be audited and that took forever. People can not understand why it took forever because they work or live in the good old USA or have worked in non-third worl countries. A wise man once said the following in relation to SGCP:
"I think the quick answer is you are and work in the west and this company is in Sierra Leone. In SL you may have thousands of small cash transactions in a small space of time, as it is a cash economy. With Le3000 spent here and Le2000 there it can take a lot of breaking down on what it went on. The largest bank note is Le10,000 about $2.50 maybe you can see the problem?"
Note that he was talking cash and not bank checks. Like to document two years worth of expenditures or find documentation backing expenditures to satisfy a SEC out in the boondocks? If SP says its going to get easier, I suspect it's going to get easier.
Why not just buy more at this level and accumulate? Heck, I just get more and average down. I am holding so that they become longterm investments (which may be no big deal if the Obamacrites stay in office), not flip for a few hundreth's of a cent. Quite looking at this through a microscope and back off for a while. It's like trying to lose weight and climbing on the scales ever fifteen seconds to measure progress. Even as progress is being made, you can't measure it. This is SNEY's schedule, not ours. By the way, only about 60% of my shares are long term holdings.
The Miami Heat???? Ptuuuiii!!! Please, no way. LOL. But just remember, Steve has a lot of catching up to do, and when one has thin resources, one prioritizes. Paperwork wasn't a priority for what SNEY wanted to do, but as it is getting obviously closer to needing more capital, it has to change priorities and paperwork is now on the front burner. It needs to get current in order to meet its goals and that is producing commercial amounts of product. No need to worry about buyers either. If there is a demand, the buyers will come out of the woodwork.
Blaming Steve for Allied's paperwork is like blaming me for the Dallas Cowbiy's woes. IMHO of course. I'll take the blame.