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While SEC filings are not only required and extremely important, it is up to each individual to make their own investment decisions.
WHY
A little t here or an I there. Who knows?
If they weren’t doing anything, I would be more concerned than I am.
All In My Humble Opinion
SNEY have been actively working to resolve the filing issues and it is taking a looong time.
In the case of SNEY, they are behind in some filings and have stated so in numerous Press Releases.
For whatever reasons, they have put timelines on many of these and all have past.
Caveat Emptor
SCOTTSDALE, AZ--(Marketwire - 12/14/10) - Sunergy, Inc (the "Company") (Pinksheets:SNEY - News) today announces that its Board of Directors has resolved to commence reporting on the Pink Sheets and has undertaken to complete and file its 10K for December 31, 2009 and the 10Qs for 2010 along with the 10K for December 31, 2010
SCOTTSDALE, AZ--(Marketwire - 04/21/2011) - Sunergy, Inc (the "Company") (OTC.BB:SNEY - News) is pleased to announce that Mark Shelley, CPA, owner of Shelley International CPA, a PCAOB registered audit firm, has been appointed as the corporate Secretary, Treasurer, chairman of the audit committee and member of the board of directors.........
The Company wishes to share that there were no deadlines applicable to the Company's filings with the SEC at this time. We already have the Caveat Emptor status on our Company and it will only be removed once we are current in our filings. We anticipate these filings to start in the week following Easter. Once the "CE:" is removed, the Company will reapply to be listed on the OTC Bulletin Board.
Sunergy Will File Its Form 10-K Annual Report for the Year Ended December 31, 2009 Today, Form 10 Q's for the First Three Quarters
Date : 05/03/2011 @ 7:33AM
Sunergy Explains Delay in Filing Its Form 10-K Annual Report for the Year Ended December 31, 2009
Date : 05/04/2011 @ 8:39AM
Source : PR Newswire Date :
Sunergy, Inc. (the "Company") (Pink Sheets: SNEY) provides an explanation for the delay in filing its Form 10-K for the year ended December 31, 2009. The Report was ready for filing and had in fact already been edgarized for filing and all signatures and certifications had been received by Company's counsel yesterday morning. The delay for filing was caused by the fact that historical share prices to inception were required to be adjusted to reflect the 10 for 1 forward split that occurred in 2010. Which Auditor was required to take responsibility for this adjustment became a question at the last minute and that responsibility needed to be spelled out in the Form 10-K being filed. Annual Report (10-K)
Date : 05/04/2011 @ 2:41PM
Source : Edgar (US Regulatory)
Stock : Sunergy (SNEY)
Sunergy Update on Filing of Financials: Three 10Q's for 2010 Will Be Published at Once in Next Few Days, 2010 10K and March 31,
Date : 06/14/2011 @ 9:08AM
They also have appointed Mr. Mark Shelley as our Secretary, Treasurer and Director.
He will also serve as Chairman of our Audit Committee.
Current report filing (8-K)
Date : 05/03/2011 @ 6:06AM
SNEY dismissed their Public Accountant and hired another.
Current report filing (8-K)
Date : 05/26/2011 @ 11:13AM
Are They Here Yet?
The Importance of SEC Filings in Due Diligence Inquiries
http://www.krollconsulting.com/media/pdfs/The_Importance_of_SEC_Filings_in_DD_Inquiries_WP_040811P.pdf
The U.S. Securities and Exchange Commission (SEC) was established in 1934 during a period in American history that was marked by the Great Depression. The SEC evolved out of the Securities Act of 1933 and the Securities Exchange Act of 1934 and was designed to restore investor confidence in the capital markets by providing investors and the markets with more reliable information and a clear set of rules for honest dealing.
The SEC requires public companies to disclose meaningful financial and other information to the public, which enables investors to refer to a common pool of knowledge on a specific company in order to make sound and informed business decisions. By collecting this information from public companies, the SEC is able to accomplish its primary mission, which is to promote the disclosure of important market-related information, while maintaining fair dealing and protecting against fraud.
In conducting due diligence inquiries, recognition and analysis of SEC filings is vital to the development of a complete profile of a company. While some high-profile investigations and litigation are captured in the media and elicit public attention, other less widespread or noteworthy probes, which are required by law to be disclosed in SEC filings, may be just as important to those seeking an accurate picture of a company and its business operations.
The practice of backdating stock options was widespread in Silicon Valley during the explosion of dot-com companies in the late 1990s, which eventually led to billions of dollars in financial restatements that occurred over the past several years. A company that was the focus of the government’s investigation into the practice of backdating stock options was San Jose, California-based Brocade Communications Systems, Inc. A class action settlement with plaintiffs who sued the company over its backdating practices resulted in a US$160 million payment. This was on top of the US$7 million settlement that Brocade reached in May 2008 with the SEC without admitting or denying guilt into stock option backdating at the company. A review of Brocade’s SEC filings would document the financial restatements that were necessary to correct inaccurate filings that were made as a result of the backdating practices. A review of these filings would provide a detailed explanation of the actual revenues and expenses for the company.
While the SEC plays a critical oversight role, there is no guarantee that all the filings a company submits to the Commission are accurate.
In 2001 and 2002, WorldCom was at the center of a lawsuit the SEC filed alleging widespread fraud. The company was forced to restate its financial reports for 2001 and the first quarter of 2002 after accounting irregularities were discovered totaling nearly US$4 billion. In its SEC filings, the company reportedly booked expenses improperly as investments in order to hide losses. This type of material overstatement in income not only can signal a red flag for a company’s financial statements, but it could also raise concerns about its overall business activities and its corporate culture.
The fact that a company has submitted a filing to the SEC does not guarantee its accuracy; however, since the SEC mandated that top corporate management sign off on all financial statements as of August 15, 2002, it does decrease the likelihood of fraudulent filings considering the potential risk of legal action against executives for signing off on inaccurate statements.
In the case of Cabletron Systems and its spinoff, Enterasys Networks, a conspiracy occurred between 2000 and 2002 to fraudulently inflate revenue at the companies for more than 10 quarters. Several executives were indicted on securities fraud charges and four were found guilty and received prison sentences ranging from three to 12 years. Through a careful review of a company’s SEC filings not only before, but also after, such a scandal is uncovered can provide valuable information. What happened after any necessary financial restatements were made? Did earnings and revenue go up or down? What happened to the company’s stock price? Are the salaries and bonuses of executives and board members on par with other companies in the industry? Has the company laid off any of its workforce?
The information that is disclosed in SEC filings includes, but is not limited to shares of ownership of common stock by company executives and board members, yearly salary and bonus awards to executives and board members, internal or external investigations into the company’s business practices, quarterly and annual financial reports, pending lawsuits that involve the company, related party transactions, and financial restatements. A thorough review of the information that is filed with the SEC allows for potential red flags to be identified and properly evaluated in order to determine the risks they may pose to future business transactions.
There are numerous different types of filings that companies make with the SEC. Some of these filings provide insight into a company’s financial status, changes in executive leadership, or intentions to pursue a merger with another company. Below are some of the most common SEC filings, which provide crucial information as to the business dealings and transactions that are occurring at a company:
»»Form 10-K, 10-K/A – Annual report on a company. This filing includes information on the company’s business and services, acquisitions and investments, legal proceedings, executives’ and board members’ compensation, and related party transactions, along with other comprehensive information about the dealings of the company during the past year. These filings can also contain useful biographical information on officers and directors.
»»Form 10-Q, 10-Q/A – Quarterly report on a company. This filing includes information on the company’s financial status during the preceding three months.
»»Form 8-K, 8-K/A – Current report filing. This filing includes information on recently announced news pertaining to a company and its business activities. This may include information such as amendments that are made to a company’s articles of incorporation or bylaws.
»»Form S-1, S-1/A – Registration statement. This filing will include information on the commencement date of proposed sales of securities to the public.
»»Form DEF 14A, DEFM14A – Definitive proxy statements. This filing includes information on any mergers or acquisitions involving a company. It also provides information on annual stockholders meetings.
»»Form 4 – Statement of changes in beneficial ownership of securities. This filing includes information on changes that are made to the shares of common stock that are held by a company executive or board member (purchases or sales of shares of common stock).
Reviewing SEC filings can also prove to be valuable when looking at non-public companies. A wide range of information on private companies is often disclosed in public filings. For example, lawsuits in which private companies are named as a party to litigation involving a public entity will appear in SEC filings. Information on corporate executives and board members will also appear in these public filings, which often reveal that executives may serve on the boards of one or more public or private companies.
A review of public filings with the SEC provides a complete picture of the business activities of a company, which is crucial to the completion of a full risk assessment. As highlighted above in the cases of Brocade Communications, WorldCom, and Cabletron Systems, there is pertinent information filed with the SEC (and when necessary, investigated by the SEC), which provides valuable insight into the potential risks and liabilities associated with a particular company. Whether evaluated on its own or combined with a full suite of due diligence checks, a thorough review of applicable SEC filings can provide one with valuable information that is necessary in making an informed and sound business decision.
Mickey Fulp: Could REE Cartel Dictate Future for Juniors?
http://www.theaureport.com/pub/na/9972
Source: Karen Roche of The Critical Metals Report (6/21/11)
An Americas-centric rare earth elements-processing cartel is forming to create a supply chain independent of China. In this exclusive interview with The Critical Metals Report, Mercenary Geologist Mickey Fulp points to the top companies that could be big players in the next five years.
Companies Mentioned: Avalon Rare Metals Inc. Medallion Resources Ltd. Molycorp Inc. Neo Material Technologies Quest Rare Minerals Ltd. Rare Element Resources Ltd. Rhodia Group Tasman Metals Ltd.
The Critical Metals Report: The critical metals space can be very confusing. People lump all kinds of metals, including lithium, into general categories using the terms rare earth elements (REE), strategic or technology metals. What is your view on this and what should investors really be concerned with?
Mickey Fulp: Well, I'm not sure what investors should be concerned with, but the rare earth elements are very well defined: Elements number 57 through 71 on the periodic table—the elements located along the next-to-the-bottom row. They all end in -um or -ium: From lanthanum to lutetium. That's 15 metals, plus yttrium, which is above lanthanum on the periodic table and is included because it is the most abundant one that occurs with the heavy REEs. The light REEs are generally defined as the first five along the periodic table but one of those, promethium, does not occur in nature.
There is a lot of confusion among lay investors. And there's confusion even among some of the so-called experts about the "critical metals" sector. Last year they were called technology or rare metals; the year before they were called strategic metals. Historically, these metals have been called specialty metals or minor metals for a variety of reasons. They generally don't occur in standalone mines; they are often byproducts of mining or smelting; they don't trade on the world market; they have special, niche, and/or minor uses. Sometimes they are lumped all together as one.
In my opinion, "critical metals" are the ones that are a necessity for the world to function—elements like iron, copper, aluminum and nickel. I would prefer to call all the others what they have been called for many years: Minor metals or specialty metals. They would include lithium, beryllium, zirconium, niobium, tantalum, indium and the REEs. Are they critical? No. Are they essential? No, but that said, they have special uses that make our lives easier and more diversified. For instance, if it weren't for REEs, we'd all be carrying around Gordon Gekko-sized cell phones.
TCMR: We were both at the Cambridge House Critical Metals Investment Symposium in Vancouver in January. The backend of processing the REEs drew heated debate because it's extraordinarily complicated. That extraction adds a significant cost, limiting the chances of many of these mines coming into the world. You just visited one of the REE separation plants in Estonia. Can you describe how complicated this process is and how an investor should evaluate this backend process when looking at companies and potential projects?
MF: The mining and concentrating of the rare earth elements is straightforward. It's the separating and the processing into useable products that is difficult because it requires multi-stage chemical plants. Because the REEs are so similar in their properties, they are very difficult to separate into useable pure metals and chemical compounds. It's a complicated, iterative process requiring either solvent extraction and/or ion exchange to separate them into useable products. I recently visited the Silmet operation in Sillamae, Estonia, which was acquired by Molycorp Inc. (NYSE:MCP) in April. The facility separates the LREEs lanthanum, cerium, neodymium and praseodymium. It also has the capacity to separate samarium. But, they do not have the ability to separate europium from gadolinium or the HREEs. At this stage, Silmet would have to invest in an ion exchange circuit to separate europium and gadolinium. But Molycorp's been separating and producing europium for 50 years, so there's some synergy with Silmet and they are expanding its capabilities.
Molycorp is the 800-lb. gorilla on the block. The company owns two of the three separation plants outside of China for light rare earths. The third one is in Kazakhstan and doesn't amount to much. I think an Americas-centric cartel of rare earth companies is forming to create an independent supply chain outside of China. Junior exploration companies would be well served to quickly get on board with the major and minor players involved in this group to secure a place where their products can be separated and processed into usable compounds and metals.
In my opinion this is important for companies like Avalon Rare Metals Inc. (TSX:AVL; NYSE.A:AVL; OTCQX:AVARF), Rare Element Resources Ltd. (TSX:RES; NYSE.A:REE), Quest Rare Minerals Ltd. (TSX.V:QRM; NYSE.A:QRM) and Tasman Metals Ltd. (TSX.V:TSM; OTCPK:TASXF; Fkft:T61), the four companies I consider to be the cream of the crop among junior explorers. In my opinion, each must form some kind of a business combination, strategic alliance, joint venture or offtake contract in order to fund the capital expense (capex) to build a mine. Therefore, each needs to find a partner to succeed in the business.
Molycorp currently is missing the heavy rare earth mine supply. Neo Material Technologies (TSX:NEM) might recover xenotime from tailings from the Pitinga Mine in Brazil, but that will not be enough to satisfy demand. In my opinion, there will be space for two to four mines in the world outside of China to supply elements Molycorp doesn't have or doesn't have enough of right now. There is limited space in this sector for companies to be successful.
TCMR: You mentioned that Avalon, Rare Earth, Quest and Tasman need some sort of strategic alliance. Does that mean working with a financial partner or technology firm, building a separation plant, striking an alliance with a battery company or some other kind of alliance?
MF: Any or all of the above. Everything's in play right now. There's a window of opportunity that will close sooner than any of these deposits will begin to be mined. Now's the time to get 'er done.
TCMR: So, how did you select these companies as the cream of the crop?
MF: These companies entered the sector early enough and had deposits that looked like they were robust enough to be mineable at some point in the future. They also had the right people at the helm and tight share structures.
TCMR: Is there a value to having some of these projects near a separation plant or is that not really a financial consideration?
MF: I think that is a serious financial consideration. Infrastructure, ability to develop and proximity to tide water could be critical in this sector. The challenge with proximity is that the only currently important separation facilities outside of China are in Mountain Pass, California, and Sillamae, Estonia. I've heard a small LREE separation plant is located in Kazakhstan, and Rhodia Group (NYSE:RHA) has a small HREE separation facility in France. Avalon's Thor Lake sits way up in the Northwest Territories, thousands of kilometers from an open ocean. Quest's Strange Lake is located in far northern Québec but the port at Voisey's Bay is close. Rare Elements' Bear Lodge is in Wyoming with excellent infrastructure but a light-dominate REE deposit so it may not figure into the heavy REE equation.
Tasman has the Norra Karr deposit in southwest Sweden. The project is close to tidewater and an 11-hour party boat-ferry ride to Tallinn, Estonia, within a few hours of the plant and port at Sillamae on the Baltic Sea. So of the three large, heavy REE-skewed deposits, the only one close to a current separation plant is Tasman Metals' Norra Karr deposit.
But Silmet doesn't have a heavy REE separation facility. It only separates the light REE. So there are still some missing components here. We require light and heavy REE separation plants somewhere in the Americas or Europe. Japan apparently is already going its own way; for example, Toyota has entered a joint venture in India to process monazite. There could be, in my opinion, one or two cartel-style organizations vertically integrated in the REE sector outside China. My visit to Silmet convinced me that Molycorp and its minions will be one of them.
TCMR: Earlier, you said NEO Materials is financing a project in Brazil that sends product to Silmet in Europe. Aren't there some economic problems connected to shipping product to a whole other continent to be processed?
MF: What Pitinga presently ships to Silmet are niobium and tantalum oxides for processing into very pure metals, rather than REE. NEO Materials is investigating Pitinga to see if it can recover and process the heavy REE-bearing mineral xenotime from mine tails.
TCMR: Is it economically viable to move concentrates across oceans?
MF: Oh absolutely. Mine concentrates move as bulk materials all over the world. The cheapest way to ship iron concentrates, copper concentrates and any bulk material is by boat. It's more expensive to get copper concentrates from the Andes of Chile to a coastal port than it is to ship them from the coastal port to a smelter in Japan or China.
TCMR: You mentioned in one of your musings in February that ultimate success could be created between 2011 and 2016. We're halfway into 2011. What is your current viewpoint on when some of these companies will get to the ultimate success?
MF: If you are talking about a major mine going into production, we're looking at another five to six years minimum. If you're talking about when do we expect business combinations, I opine that's going to happen sometime in 2011 to 2012. We've already seen that with Molycorp, which made four acquisitions in the last four months to facilitate their "mines to magnets" philosophy. The one thing they haven't done is purchase another deposit. I don't know if that's going to happen. I can speculate because currently there is no heavy REE equation on the Molycorp side to any extent. So, if they want to be a completely integrated REE company and a major force in the world, they need a heavy REE supply. That could come from Pitinga and/or from a recycling plant. But will those sources supply future demand outside of China? It's difficult to know because each of these deposits has its own unique distribution of the metals.
There's going to be an abundance of some metals and a scarcity of others depending on the mine that is built. But I am a proponent of "build it and they will come"—if the metal is there, uses will be found because these materials have unique qualities that can be engineered into a myriad of products to improve performance. As an example, Molycorp has plenty of cerium. So, what does the company do? It develops a new water purification system based on cerium osmosis. In 1965 in the United States, the middle class all bought color televisions. Why was that? It is because Molycorp developed europium as a phosphor, which made it possible to have red in a color TV at an affordable price so kids everywhere could watch the Beverly Hillbillies in color. Those are two examples of "build it and they will come."
TCMR: You inferred earlier in our conversation that it would take a couple of good mines coming into production and going through a separation plant to satisfy the current and growing world demand for these elements. When we look at your top four companies, will the first companies to finance be the ones that ultimately become the victors?
MF: Not necessarily. Mines are expensive to build and even more difficult to operate. The first ones that find a home for their potential products to go to, for example a guaranteed offtake contract, could have an advantage. It's difficult for me to see five years out how this sector's going to develop. There may be room for three significant heavy rare earth-skewed mines because they will produce significant amounts of other specialty metals such as zirconium, niobium, tantalum and hafnium. I don't know at this stage which companies are going to be successful and which ones aren't. I am of the opinion that the ones in early will likely be successful. And some of the later ones will probably get left out in the cold.
TCMR: So, even though one company might be first to finance, once it gets into the mine it might have some surprises. So, really the story won't be completely told until we actually have some people producing and separating.
MF: Right.
TCMR: In February, you wrote a review of Medallion Resources Ltd. (TSX.V:MDL; OTCQX:MLLOF), comparing it to the cream of the crop. Can you give us a summary of what you're thinking about Medallion now?
MF: I picked Medallion based on a new business plan. The company was a relatively young REE explorer. Medallion realized it was behind the cream of the crop and looked for a way to shortcut the usual time period of exploration, finance, develop and mine. It developed a business plan that included acquiring the monazite-rich tails from a heavy minerals deposit, one of the few minerals ever commercially processed for REE. The first REEs were produced from monazite sands in the early 1900s and it's a standard process to crack it.
An acquisition will allow the company to become a significant player quicker than the competition. I picked them on the idea that the principals, who are veterans in the REE business, are going to be successful in their business plan. If the company doesn't execute this business plan in the near- to mid-term then it will founder.
TCMR: In April, you talked about Quest Rare Minerals getting listed on the AMEX. However, when it was listed, it didn't get the same stock price jump that Avalon and Rare Elements saw. Were you surprised?
MF: I was very surprised. We haven't seen the 10 times magnitude volume we saw with Rare Element and Avalon getting an AMEX listing. If you look at the chart of Quest in 20/20 hindsight, it appears that the market factored the listing in before it occurred. It had already happened twice. We thought it was going to have a similar run up. It has not. In fact, we've seen about a 30% drop in the entire sector, including Molycorp.
But looking back to late May of last year we saw the exact same weakness in the high-flying REE stocks. Rare Element, Quest and Avalon all traded at less than $2 on or about July 1. They had lost 50% of their previous market cap highs during that period. And, then look what happened within three months. They were hitting all-time highs again. There's a cyclicity to the sector. Overall market weakness is being exacerbated now by short attacks, massive short attacks on these companies because they're very speculative, and it's especially prevalent on the ones with AMEX listings.
We've seen short attacks over the last few months really knock the best REE companies down at times. It would not surprise me to see additional weakness in the sector through the summer. But I like this group of companies. I think that the upside is still high. I personally am not buying them at present levels because my cost basis is less. Buying these stocks on weakness is a viable move if you don't currently have a position. How smart would you look if you had bought all three of the above plus Tasman, which will be the next one to get its AMEX listing, on July 1 last year? You would've been laughing all the way to the bank right now because they're all still trading at double or triple or five times what they were last July.
TCMR: So, if we've already seen a 30% pullback in Molycorp affecting the other REE potential companies, are you still expecting more pullback for the summer?
MF: I have no idea. All I know is that the market is weak right now. And we are two weeks away from the beginning of the summer doldrums. We're looking at two months of traditional down markets. This is a time I generally prefer to sit on the sidelines and watch before running in. It is very difficult to buy at the low and sell at the high. The key is to pick fundamentally strong stocks and buy when they're weak and sell when the sector recovers.
TCMR: Exactly. Mickey, thank you for your comments on the rare earth and critical metals.
Michael S. "Mickey" Fulp is author of The Mercenary Geologist. He is a certified professional geologist with a B.Sc. in earth sciences with honors from the University of Tulsa and M.Sc. in geology from the University of New Mexico. Mickey has more than 30 years experience as an exploration geologist searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, oil and gas and water in North and South America, Europe and Asia. Mickey has worked for junior explorers, major mining companies, private companies and investors as a consulting economic geologist for the past 24 years, specializing in geological mapping, property evaluation and business development.
Want to read more exclusive Critical Metals Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators and learn more about critical metals companies, visit our Critical Metals Report page.
When one deals with FACTS, it is evident that SNEY is moving forward and soon UPWARD.
For all who don’t believe what the company is saying please see:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63898109
Fact is there is a lot of interest in this company and if they deliver half of what the PR dated March 17, 2011 suggests interest will build much more:
________________________________________
"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."
"The dredges arrived in Sierra Leona, have cleared customs and have started operations on our 140.1 sq. km. Pampana River Concession. We are start one at a time and conducting further testing to identify optimum deployment sites. Once results are available we will publish operating results. So far, everything is working as planned and Management is pleased."
"The first dredge was launched on April 15th and the first day of operation was the 16th. Up to yesterday (the 17th of May) the dredge has been on the river for 1 month. We began by prospecting the best areas to work, and primarily, those were the areas of the least amount of overburden.”
"It is great to be in operation on the Pampana and to have our testing from the past 2 years begin to bear fruit. We are putting a secure processing facility together near our operations. This is where we bring the recovered concentrates. This is also where we will be setting up our recovery operation which will start up once the operating season is over. In the meantime, we are dedicated to producing as much black sand concentrate as possible during the operating season. We are also working on a land based operating plan to keep operations going during the winter season."
"Establishing our new processing facility is an important next step to optimizing cash flow from our Pampana operations. We are producing as much black sand concentrate as possible during the operating season and will begin processing as soon as this equipment arrives. Our secure facility will insure integrity during the primary recovery operations. We are also currently planning expanding our ground operations to include another valuable readily marketable product in addition to our Pampana Rare Earths."
"We are deep into the second month of dredging operations on our Pampana River Project in Sierra Leone. Production has increased daily for the past 3 weeks. Visible gold production is up, from 1.5 grams to 3 grams per ton of feed gravel. We are now recovering more than the estimated 100 lbs./ton of rare earth black sands concentrate from each ton of feed. Management believes that over 80% of the free gold remains in the black sands concentrate. We clean the sluice out at the end of each 10 hour shift. By the end of this week, we will have 40 tons of rare earth black sands concentrate stockpiled. 40 tons is the maximum allowed to fit in the 40 foot shipping container that we own in Freetown. Management projects that an additional 40 tons of Rare Earth black sand concentrates can be produced by the end of June.”
"Management is pleased and excited that dredging operations are really performing better than expected. There is another discreet product coming regularly from the dredging that is different from the REE black sand concentrates that is being tested to determine if there is an added economic benefit to operations. Further details will be available once testing is complete. We are also studying opportunities to expand our rare earth/gold and other technology metals operations in the near term."
Rare Metal Rare Earth Metal Producer
AS Silmet
http://www.silmet.ee/
Overview
AS Silmet, located in the northeast of Estonian Republic, is one of the biggest rare metal and rare earth metal producers in Europe. Manufacturing of AS Silmet, employing about 550 people, includes three factories:
factory of rare earth metals separation,
factory of rare metals production,
factory of metallurgy.
Our annual production ranges up to 3 000 mt of rare earth products and 700 mt of rare metal products.
Silmet is a truly global company. One can say that ca 99% of materials used in our production are bought outside Estonia and also 99% of products sold are sold to customers outside Estonia. We have clients and sources for materials in every part of the world – Asia, Europe, CIS countries, North- and South American countries.
For sure Silmet is one of the largest science-intensive high technology companies. Although most of its processes have been originally designed during the Soviet era, constant development and modernizing of the processes shows that the specialists working in Silmet today are as competent as their Soviet colleagues. We have developed a close cooperation with various units of Tallinn Technical University and University of Tartu. This helps us to prepare specialists for Silmet and maintain quick development of the company. We have the best analytical laboratory operating in metallurgy field in the Baltic States.
Silmet focuses on quality and customer satisfaction.
Silmet also makes large investments in environmental programs.
Production
Production of AS Silmet includes 3 factories:
factory of rare earth metals separation
factory of rare metals production
factory of metallurgy
In the factory of rare earth metals separation rare earth products like hydroxides, oxides, fluorides, carbonates and solutions are produced. This factory produces also our liquid nitric fertilizers.
The factory of rare metals production is responsible for producing rare metals hydroxides, oxides and ammonium bifluoride.
All metallic products of Silmet are produced in the factory of metallurgy. Here the niobium and tantalum metal ingots, chips, metallic powders and hydrides are being produced. Also rare earth metals products like neodymium metal ingots, neodymium ferro-boron alloy and mischmetal come from this factory.
In order to get more information about different products of our factories please select the product group that interests You from above. There You can find detailed information about each product.
Rare metals
Silmet has a longstanding experience in niobium and tantalum processing. The assortment of products includes hydroxides, oxides, various grades of metal, metal hydrides and metal powders.
For more information about a product please click on the product name on the left or send us an inquiry.
Rare earth metals
We have been on rare earth production since 1970-s. Our products include several compounds of light and middle group of rare earths.
We produce lanthanum, cerium, praseodymium, neodymium and samarium-europium-gadolinium carbonates, oxides, metals, chloride and nitrate solutions. In order to get more information about certain products please click on the product name on the left or send us an inquiry.
Raw materials
In this section You can find the types of raw materials we commonly use. Follow the links on the left to get more information about the different groups of raw materials.
If You should have other interesting ideas about new raw materials or want to quote us some of those shown on the left please contacting us. In order to receive our future tenders on raw materials You can register yourself in our procurement database.
Tantalite
Columbite
Pyrochlore
FeNbTa
Ta scrap
Nb scrap
Concentrates containing rare earth elements
Molycorp Acquires Controlling Stake in AS Silmet, Expands Operations to Europe, Doubles Near-Term Rare Earth Oxide Production Capacity
Purchase Also Expands Molycorp’s Manufacturing Capabilities Into Additional Rare Metals
"This acquisition provides Molycorp with a European base of operations as well as a larger global customer base, greater rare earth production capacity, and an expanded product line that extends our interests into other strategic metals and technologies," said Mark Smith, Molycorp CEO.
Greenwood Village, CO and Tallinn, Estonia (Monday, April 4, 2011, 6 a.m. Eastern) – Molycorp, Inc. (NYSE: MCP) today announced that its wholly owned subsidiary Molycorp Minerals, LLC (Molycorp) has completed the acquisition of a 90.023% controlling stake in AS Silmet, one of only two rare earth processing facilities in Europe, in a transaction valued at approximately $89 million. Molycorp acquired 80% of the outstanding shares of AS Silmet from AS Silmet Grupp, which will retain a 9.977% ownership interest going forward. Molycorp acquired the other 10.023% from Treibacher Industrie AG.
The acquisition provides Molycorp with its first European base of operations as well as doubles the company’s current rare earth production capacity from approximately 3,000 tonnes per year of rare earth oxide (REO) equivalent to 6,000 tonnes. AS Silmet will immediately begin sourcing rare earth feed stocks for production of its products from Molycorp’s Mountain Pass, California rare earth mine and processing facility, making it the first rare earth oxide and metal producer in Europe that is not dependent on rare earth materials sourced from China. As part of the transaction, the company also will change its name to AS Molycorp Silmet.
Excellent post balihi,
These paragraphs certainly entertain much promise for SNEY and other companies involved with REES:
Demand for Rare Earths is forecasted to grow at 8%-11% per year between 2011 and 2014. Many experts are predicting that the Chinese, and those end users who moved to China for security of supply, will be internally consuming most of the country’s rare earth production by about 2014.
It’s very obvious REEs are critical metals and that the west is going to need a secure, long term supply of rare earth elements completely independent of Chinese control.
There are a lot of junior companies in this space competing for investor attention.
One of the world’s foremost REE geologists and mineralogists Anthony “Tony” Marianno says each REE deposit, assuming a favorable political climate and good logistics, will need certain conditions present:
Favorable mineralogy and lanthanide distribution
Necessary grade and tonnage
Mining and mineral processing at low costs
Successful chemical cracking of the individual lanthanides for their isolation and eventual recovery
Low values of thorium, uranium and other deleterious impurities
Minimum environmental impact
When I evaluate a REE junior’s project I want to see one mineral hosting as much of the REE as possible, not three or more. I want that mineralization large grained and non-interlocking and I want road, rail and access to the power grid close.
Each deposit will have its own unique mineralogy – this has to be determined. A company has to concentrate its recovery efforts on the REE’s – whether LREE or HREE – that are going to be easy to recover in an inexpensive uncomplicated circuit. They have to work with what nature has given them in order to be competitive in the market. Watch for how many different types of minerals the REE are hosted in.
The opportunities in the junior REE sector are significant. But the junior population is quite large – there are literally hundreds of stocks to choose from that want your dollars.
There is a steep learning curve and there are serious risks – great rewards come hand in hand with great risk. You must be prepared to do your own due diligence and uncover the opportunities.
You must be able to evaluate these opportunities, pay regular attention to your portfolio, manage the risk and take responsibility for your own decisions.
Cries of Disbelief
The Past
There were once cries of disbelief that the dredges weren’t going to Sierra Leone.
There were once cries of disbelief that the dredges weren’t operational.
There were once cries of disbelief that Black Sands were being stockpiled.
There were once cries of disbelief that the 2009 10K wouldn’t be filed
The Present
There are cries of disbelief that the remaining Qs and Ks will be filed near term.
There are cries of disbelief that warrants are going to dilute the stock price.
The Future
There will be cries of disbelief that more dredges won’t be brought.
There will be more cries of disbelief that warrants are going to dilute the stock price.
There will be cries of disbelief that the company is not processing the Black Sands quick enough.
There will be cries of disbelief that the company won’t up list.
There will be cries of disbelief about Ghana operations.
There will be cries of disbelief that the company…………………………………………..
………………………………………………………………
All must understand people have different agendas for why they say what they say whether it good, bad or ugly.
Follow the company PRs and website for information for the most up-to-date information.
Please visit the Sunergy website www.sunergygold.com and review further information such as Company Reports under Projects , Previous Press Releases and SEC filing information under Investor Info.
Contact: Bryan Miller, President 707.738.4280 bryan@alliedminingandsupply.comSunergy Inc.14362 N. FRANK LLOYD WRIGHT BLVD | SCOTTSDALE AZ 85260Phone: 480.477.5810 | Fax: 480.477.5811
Investor Relations: Steve Parent 480.399.7222 steve@sunergygold.com
SOURCE Sunergy, Inc.
Getting the Qs as accurate as possible will make the K filing easier as it has to be audited.
Cost of metals used in hi-tech devices soars as China limits supplies
http://www.guardian.co.uk/business/2011/jun/19/rare-earth-minerals-china
The price of rare earth metals, used in items raging from computer hard drives and wind turbines to plasma televisions and smartphones, has more than doubled to record levels in the past two weeks, after a clampdown on illegal mining by China, the world's dominant producer of such elements.
The increases have fuelled concern that the world is hurtling towards a chronic shortage of rare earth metals, which could put everyday products out of the reach of large parts of the global population.
Europium oxide, an element with phosphorescent properties used in energy-saving light bulbs, plasma TVs and smartphones, has nearly tripled from about $1,260 a kilogram to a record $3,400.
Dysprosium oxide, a key additive used in the neodymium-iron-boron magnets found in computer hard drives and wind turbines, doubled from about $720 a kg to a record $1,470 over the same period. That follows a near tenfold rise in the price of dysprosium oxide in the year to June.
Mike O'Driscoll, editor of Industrial Minerals, says: "Most experts in the industry think we are going to reach a crisis point in 2014 and 2015. There are 200 to 300 developers trying to bring new projects onstream to increase supply, but many of these are in the early stages and it may be another five or 10 years before they are operating."
Prices of the 17 so-called rare earth metals have risen in recent years because China, which produces 97% of global output, has significantly reduced exports and built stockpiles. Although China only has about a third of global rare earth deposits, it dominates the market, having forced most competitors out of business by undercutting them.
At the same time, demand for rare earth metals has rocketed as the digital revolution has produced a huge array of popular hi-tech products such as iPods and smartphones, while fast-growing emerging markets have created millions of newly wealthy consumers to buy them.
The latest leap in prices came after the Chinese government announced the closure of 35 small mines in Inner Mongolia as part of a clampdown on illegal mining that is expected to be followed by further closures elsewhere in the country. A few days later, it emerged that China was planning to stockpile heavy rare earth metals such as europium oxide and dysprosium.
Furthermore, concern is mounting that China will shortly announce plans to extend its tough export curbs on rare earths. The country slashed its export quotas by 72% in the second half of 2010 and reduced them by a further 35% in the first half of 2011 as it seeks to preserve supplies of key industrial ingredients.
Global demand for rare earth metals is forecast to rise by 48% to 185,000 tonnes by 2015. Although a host of companies outside China are rushing to produce rare earth metals, they are not expected to keep up with rising demand and experts are predicting a shortfall of up to 50,000 tonnes by 2015 – and a corresponding jump in prices. Supplies should then begin to increase, and prices fall, as more new mines come onstream, says O'Driscoll.
Nigel Tunna, managing director at Metal Pages, a website which tracks the prices of rare earth metals, says the big problem is that nobody seems to know what the effect of the looming shortage will be and therefore how to prepare for it. It largely depends on how quickly and effectively manufacturers can substitute other raw materials for rare earths and the fear is that, in many cases, it could be quite difficult, Tunna says.
"There could conceivably be problems getting everyday devices and it could pose a threat to quite a lot of developing technology that might have incorporated rare earths. But the bottom line is, nobody really knows quite what the implications are going to be and we're all worried."
Chinese Academic's Rare Earth Forecasts at Odds With Industry Experts
http://seekingalpha.com/article/275755-chinese-academic-s-rare-earth-forecasts-at-odds-with-industry-experts?source=yahoo
Last week, an article from China Daily titled “Rare-earth supplies expected to grow” was blamed for the weakness in several rare earth stocks like Molycorp (MCP) and Lynas Corp. Ltd (LYSCF.PK) on June 16. The article contains numerous quotes from Chen Zhanheng, director of academic department, the Chinese Society of Rare Earths (CSRE).
It is important to remember that China Daily is essentially a megaphone for the Chinese government. According to the New York Times (Oct 18, 2010): “China Daily is owned and closely supervised by the Chinese government, and presents official views on a wide range of issues.” Given the U.S. and Europe have threatened to challenge China’s export quotas on rare earths in the World Trade Organization (WTO), China has every reason to promote news and studies that reduce that pressure. A forecast of imminent abundant supply appears to defend China’s position.
Zhanheng states the following in an important quote from the article:
Overseas demand for rare earths has stood at an average of 50,000 tons annually in the past few years…’Global supply of the minerals, particularly the light-type, which exists in abundant deposits overseas, will soon surpass demand, despite China’s curbs on the metals.’
Of course, “the past few years” includes a worldwide, economic collapse that interrupted a steady increase in demand for rare earths. Moreover, aggregating demand numbers is not too useful. For example, the tonnage of demand for cerium and lanthanum (light rare earth elements or REEs) dwarf the size of demand for other rare earths. Two other light REEs, neodymium and europium, have enough demand and high enough prices to drive projects with high-grade ores (for example, see Molycorp and Lynas).
Zhanheng also claims that the high prices of rare earths will encourage more producers who will then bring ample supply to market. He uses production targets in other countries to conclude “…a total of 60,000 tons of rare earths will be produced outside China by 2013 and 170,000 tons by 2015.”
I feel we have already seen some version of this episode. Goldman Sachs (GS) set off a firestorm of controversy in early May when an analyst claimed that rare earth prices would peak in 2012 as the industry moves from deficit to over-supply after 2013. Jack Lifton, a leading authority on the sourcing and end use trends of rare & strategic metals, was particularly adept in debunking the thesis in “In Xanadu Did Goldman Sachs Decree A Rare Earths Surplus For All To See” by demonstrating the flaws in treating rare earths as one large substance and by pointing out the limited production outside China. Lifton also questioned the quality (or even relevance) of production planned by many junior miners going out to 2015. Zhanheng’s supply forecasts must assume that non-commercial projects will somehow get funded.
Zhanheng’s comments imply that overseas demand for rare earths will remain at 50,000 tons for the foreseeable future, but he does not volunteer estimates for China’s demand. This is relevant because, for example, Lynas has claimed China will soon become a net importer. Dudley Kingsnorth claims that China’s demand will equal its production by 2014, and Molycorp starts with this estimate and rolls back the moment of truth to 2012, when taking into account wind turbines and a continued economic recovery (see p27 of “China’s Rare Earth Elements Industry: What Can the West Learn?” by Cindy Hurst, March 2010, Institute for the Analysis of Global Security (IAGS). Hurst works for the U.S. Army’s Foreign Military Studies Office). On June 6, 2011, reports appeared that the U.S. Geological Survey submitted estimates to Congress that demand for rare earths will increase 8% per year (still waiting for official publication of this report). So, even if overseas demand remains static (with China increasing control over the manufacturing of products using rare earths?), it seems highly likely that Chinese demand will be enough to keep general rare earth supplies short.
Notably, the Chinese Rare Earths Industry Association has provided a much different forecast than Zhanheng. From the New York Times on October 18, 2010:
“Wang Caifeng, the secretary general of the Chinese Rare Earths Industry Association, predicted at the conference in Xiamen on Tuesday that domestic demand for rare earths in China would soar to 130,000 tons in 2015 from 75,000 tons now, Bloomberg reported. She said that world consumption would be 210,000 tons in 2015, which would seem to indicate that consumption outside China would total 80,000 tons.”
China’s efforts at creating domestic reserves belies predictions of imminent over-supply. For example, on June 15, 2011, the WSJ reported in “China To Set Up Strategic Reserve For Heavy Rare Earths -Sources” that China may be moving forward with a heavy rare earth strategic reserve in addition to plans already in place to build a strategic reserve for light rare earths. Reserves create incremental demand for a resource. Accordingly, Lifton makes the ominous prediction that:
“Unless the rest of the world now shifts its focus to the production of heavy rare earths and their stockpiling, then by 2015 at the latest, there will be virtually no HREEs available outside of Chinese control, and thus, any manufactured product requiring a HREE will by necessity have to be made within China by a manufacturer who is either Chinese or has access to quota ultimately issued by the Chinese authorities.”
The upshot is that all this stockpiling will help drive REE prices ever higher for at least the duration of these stockpiling programs and likely longer.
Finally, on June 17, 2011, we received a reminder of China’s tightening grip on supplies that continues to drive REE prices skyward. In “Rare Earth Prices Double on China, Industrial Minerals Says“, Bloomberg reports:
“Prices of some rare earths, used in hybrid cars and laptops, have more than doubled in the past two weeks as China seeks to tighten control of mining, production and exports, Industrial Minerals said. Dysprosium oxide, used in magnets, lasers and nuclear reactors, has risen to about $1,470 a kilogram from about $700- $740 at the start of the month, Industrial Minerals said in an e-mailed statement.”
On balance, I find plenty of reason to believe that the supply of rare earths will remain challenged for quite some time.
Rare-earth metal prices spike as China stockpiles supplies
By Clifford Coonan in Beijing
Tuesday, 21 June 2011
http://www.independent.co.uk/environment/rareearth-metal-prices-spike-as-china-stockpiles-supplies-2300303.html
Prices for rare-earth metals, which are used in everything from iPods to flat-screen TVs to missiles, are rising sharply as China builds up a stockpile and cuts quotas, so much so that some industries fear global supplies may be in serious jeopardy.
Rare-earth metals are among some of the most sought-after materials in modern manufacturing, and demand for at least some of them is soon set to outstrip supply.
Japan and the US, the world's biggest importers of rare earths, are concerned that China, which produces more than 95 per cent of the world's supply is trying to limit supplies, and urged Beijing not to use the elements as a trade weapon.
Citing the need for a more sustainable approach to the harvesting of its rare-earth deposits, China's cabinet, the State Council, has authorised a crackdown on unregulated rare-earth mining and has introduced restrictions on exports, causing a spike in rare-earth prices. It is also building up a national reserve of the precious elements.
"These policies are in line with common international practices and the rules of the World Trade Organisation. They have been created out of a sense of responsibility not only for China's own development, but also the development of the world," China's Ministry of Industry and Information Technology told the Xinhua news agency.
Rare earths are used in all kinds of modern products because their unique electrical, magnetic, optical and thermal properties make them vital ingredients for some of the most technologically advanced products.
The cost of some of the 17 elements that make up the rare-earth metals has doubled in the last few weeks, with the price of others up by 400 or 500 per cent from the start of the year. Since last year, big government groups like Baotou Iron and Steel have been building up commercial reserves with total capacity of more than 200,000 tonnes, around twice China's annual output, according to Chinese media reports.
Beijing has brought 11 rare-earth mines under state control as it consolidates the industry. Last year, Japan was furious when China slashed exports by 40 per cent and temporarily banned all supplies, after a Chinese fishing boat captain was arrested for sailing too near to a disputed island chain.
China also needs to move quickly on these elements because they are running out fast. The Ministry of Commerce said that between January and November last year, China exported 35,000 tons of rare earth, up 14.5 per cent on 2009. At current rates of depletion, a third of China's rare earths are already used up. There is probably around 15 years worth left at the current rate.
To capitalise on its stocks, China has introduced quotas in recent years, which have cut exports by between five and 12 per cent a year.
There is a strong political dimension to the quotas, but they were also introduced because China is worried about the environmental impact of the mining.
Ceng Qingshou, an elderly rice farmer living in the Guangxi Zhuang region in southwest China, told Xinhua how his rice fields had been contaminated by waste water from a quarry, killing the harvest.
"They paid me 2,400 yuan (£229) to compensate me for my losses last year, but what about this year, and the year after that?" he said.
In other areas rich in rare earths, such as Jiangxi province, rare-earth mines have poisoned wells, leading to anger among farmers.
"While many countries around the world are eager to develop their rare-earth mining industries, China just wants to clean up its act," wrote a Chinese industrial commentator.
Prices for rare earth elements skyrocketing
Amanda Coyne | Jun 20, 2011
http://www.alaskadispatch.com/article/prices-rare-earth-elements-skyrocketing
Canadians acquire thousands of Alaska acres for rare earth minerals development
Alaska rare earth elements on nation's radar
GIRDWOOD -- Policymakers have been worrying for some time that China, which produces and supplies 97 percent of the world’s rare earth elements, has been artificially inflating the price of REEs by cutting back on production. According to the India-based Business Standard, China has “clamped on mining and cut export quotas, boosting prices and sparking concerns among overseas users like Japan.”
A recent report by Industrial Minerals, a Canada-based mining industry publication, confirms that prices of REEs have been skyrocketing. Some elements have risen a staggering 142 percent, according to the report.
The cost of dysprosium oxide, used in magnets, lasers and nuclear reactors, for example, has risen to about $1,470 a kilogram from $700 to $740 at the start of the month.
Enter Alaska. A prospective mine at Bokan Mountain near Ketchikan, to name just one, is thought to be one of the three largest sources of REEs in the U.S., probably the largest for dysprosium.
All told, Bokan Mountain is thought to hold about 3.8 million tons of REEs. As U.S. Sen. Lisa Murkowski put it, "more than enough to break China's stranglehold on the market and protect America's access to the rare earths that are vital to the production of cutting-edge technologies in this country."
Alaska Department of Natural Resources Commissioner Dan Sullivan recently delivered to a U.S. House subcommittee last week in testimony on a couple of pieces of legislation aimed at finding and developing REEs. Read Alaska Dispatch coverage of his testimony here. And more coverage on REEs here, and here.
Press Release Source: Sunergy Inc. On Tuesday December 7, 2010, 7:07 am EST
http://www.sunergygold.com/press_releases/pr_12_07_2010.php
The prices of some of the REES have skyrocketed
(see my posts that follows this one)
Table: Pampana River Black Sands Analyses #
-------------------------------------------
ppm pct. (%) lbs/ton troy oz/ton value/ton
------------ ------------ ------------ ------------ ------------
Au 17.21 0.00172% 0.03443 0.441 $573.82(*3)
Ce > 8748 > 0.875% > 17.50 > $397.64(*4)
Cr 3932 0.393% 7.86 $42.88
Dy 149 0.0149% 0.295 $40.93
Er 83.4 0.0083% 0.167 $?
Eu 42.5 0.0042% 0.085 $24.67
Fe --- 16.05% 321 $32.10
Gd > 491 > 0.049% > 0.983 $20.55
Hf 1689 0.169% 3.38 $994.97 (*1)
Ho 24.6 0.0025% 0.049 $?
La 6022 0.602% 12.04 $273.73(*6)
Lu 15.37 0.0015% 0.031 $?
Mn 10160 1.016% 20.32 $30.94
Nb 2661 0.266% 5.61 $108.39(*8)
Nd 4523 0.45% 9.05 $281.08(*5)
Pr > 864 > 0.086% > 1.73 >
$57.83(*10)
Sm > 557 > 0.056% > 1.12 > $17.74
Ta 1231 0.123% 2.46 $233.97(*7)
Tb 42.8 0.0043% 0.086 $23.93
Ti --- 9.63% 193 $637.73(*2)
Y 740 0.074% 1.48 $29.60
YB 83.8 0.0084% 0.167 $?
Zr > 10000 > 1.0% > 20.0 > $75.45(*9)
Total Value of black sands per ton: > $3,897.65
Ten Most Valuable Commodities in black sands concentrates: *1, *2, *3, *4, *5, etc.
# Values shown are arithmetic average of five samples
The five samples (Nos. 46-50) assayed by aLS Chemix in Sparks, NV.
Substantial concentrations of gold have also been determined to be contained in the concession. Data from test mining indicates gold concentrations ranging from 1 to 18 grams per tonne of feed material after overburden removal. Fire assays conducted in Freetown, Sierra Leone indicate gold purity to be 91%. in the north 28% of the 140 sq. km. concession.
Reports indicate recoverable alluvial gold on the Pampana North section (40.1 sq/km) at over 500,000 oz. with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines. The Company was granted a boundary modification by the Sierra Leone Mines Ministry to include an adjacent 100 square kilometres.
Please visit the Sunergy website www.sunergygold.com and review further information such as Company Reports under Projects, Previous Press Releases and SEC filing information under Investor Info.
If anyone is interested this video shows projects that African Minerals is working on in Sierra Leone. I find it significant the money being spent on infrastructure (railroad, bridges etc.). This brings more stability to the country and indirectly affects our (SNEY) interests.
It is th second video
Enjoy
http://www.african-minerals.com/Corporate/Operations/Tonkolili_Iron_Ore_Project/Tonkolili_Project_Videos/default.aspx?id=849
Infrastructure Project Development
Highlights
WorleyParsons Europe Ltd appointed to undertake the Definitive Feasibility Study ("DFS") and Front End Engineering Design ("FEED") programmes for Tonkolili and related port, railway and haul road infrastructure projects
Exclusive 99 year lease to manage key rail and port infrastructure granted to African Minerals by Sierra Leone Government
Detailed topographic data acquired and Regional Survey Network established
Leasing/Tenure of Port and Rail Infrastructure
In May 2009, the Parliament of Sierra Leone formally ratified the lease over railway and port infrastructure. African Minerals has been granted the opportunity to manage the port and railway, making these facilities available to other users, including other mining companies and general freight and passenger transport companies, at commercial rates. It is intended that this infrastructure will in due course provide a facility servicing the West African sub-region, enabling both Sierra Leone and neighbouring countries to export their goods to international markets.
Vegetation clearance of Pepel to Lunsar railway prior to commencement of rehabilitation
Vegetation clearance of Pepel to Lunsar railway prior to commencement of rehabilitation
Design and planning studies to complete the refurbishment and construction of the Pepel Port and Pepel–Marampa railway system are well under way to enable shipping of hematite product from the Tonkolili duricrust — an early cash flow opportunity for the Company. African Minerals has completed its own independent preliminary study to rehabilitate the Port and Railway and has appointed Scott Wilson Railways to undertake a detailed engineering study on the rehabilitation of the Pepel to Marampa Railway. The exclusive lease and subsequent engineering studies underline the Company's strong working relationship with the Government of Sierra Leone and commitment to improving the country's infrastructure whilst securing the rail, port and power capacity requirements for our iron ore projects.
Engineering studies to date on the heavy haul railway system linking Tonkolili to Tagrin Point indicate that the future construction and commissioning of the system is unlikely to provide any material engineering obstacles. A preliminary rail alignment has been established and the concepts regarding rolling stock, support facilities, loading and unloading infrastructure and supporting infrastructure are well advanced.
Tagrin Point offers an opportunity to economically construct a deep water port facility as it is located in one of the world's largest natural harbours. Identified as the best location for a world class iron ore transport, ore handling and ship-loading facility for Sierra Leone, Tagrin Point is also being developed with capacity capability to service the greater West African sub-region.
DFS
In October 2009, African Minerals appointed WorleyParsons Europe Ltd to undertake the Definitive Feasibility Study ("DFS") and Front End Engineering Design ("FEED") programmes for Tonkolili and related infrastructure projects. WorleyParsons has built a reputation as a provider of quality engineering and project services to the minerals industry and is at the forefront of latest industry developments and practices. The newly appointed African Minerals team recently worked closely with WorleyParsons on a project of similar size and complexity in northwest Australia for FMG.
Phase One of the DFS, a scoping study, commenced in October 2009 with a desk-top review of project data and an in-country visit by a team of senior managers and technical experts. The desk-top review focused on assessment of previous study work, relevant Government of Sierra Leone information and general data available from the proposed work sites. The in-country visit allowed a quick convergence on the facilities scope and established a number of key industry and Government contacts.
Key outcomes from the first phase were:
an agreed base case facilities scope for subsequent study in the DFS/FEED
a detailed plan for undertaking the DFS/FEED phases
a detailed estimate of costs to complete the study
The first phase was successfully completed on time and under budget in mid-December. This allowed an early start on some critical DFS activities such as field data gathering programmes including Hydrology, Geotechnical and Environmental Baseline studies of the port and rail infrastructure corridor as well as the mine-site itself.
We believe that African Minerals will benefit significantly as the project is de-risked further by the completion of the Definitive Feasibility Study at Tonkolili, enabling the team, subject to funding, to move into the construction phase of the project .
Tonkolili — Pepel Survey
African Minerals invested considerable survey resource during 2009 in preparation for the development of significant infrastructure for Port, Railway, and Process Plant infrastructure required for Tonkolili.
This preparatory work ensures that survey information compliant to industry best practice is available, providing seamless and accurate information for DFS studies and other activities, where precise location based information is critical for the full 180 km long project corridor.
Country-wide primary survey was established in Sierra Leone during the early 1960s; however, local records had been subsequently lost or destroyed. The Company gained access to original records held by the Ordnance Survey of Great Britain3 to identify approximate locations of survey point locations, and subsequently led a project to re-establish a primary survey network for North East Sierra Leone.
Chartered Surveyors Longdin & Browning (Surveys) Ltd ("L&B") re-mapped historic first order survey point infrastructure, generating a survey network compliant to the Internationally recognised Universal Transverse Mercator (UTM) coordinate system. This work allows all ongoing project survey work to be tied in to the same UTM coordinate system, and ensures that all ongoing survey work is correctly referenced to the same authoritative reference network.
A high resolution LiDAR and High Resolution Digital Imagery survey was also completed in March 2009 by AAMHatch Pty Ltd for the entire Tonkolili Project catchment, Railway corridor, and Port areas. This airborne survey is fully tied in to the primary control network established by L&B, and gives full terrain surface and associated aerial image of the project area of up to 15 cm resolution. This is a mission critical and authoritative dataset used by many disciplines in the expedited development of the project.
It is also of great importance in establishing an environmental baseline prior to the construction phase of the project, enabling the Company to fully document all aspects of the region including the location of settlements, watercourses, vegetation distribution, and other key points of interest.
Thank you daggfish.
I try to keep it real.
One of my favorite quotes is from the old Dragnet TV show:
"Just the facts ma'am"
SNEY has put out a wealth of information.
They have executed their business plan well.
The Caveat Emptor is a temporary thorn in their side. They have been working on it and will continue to do so until it is removed.
As things continue to fall into place, it is going to get pretty crowded in here.
All the best,
Falon
When one deals with FACTS, it is evident that SNEY is moving forward and soon UPWARD.
For all who don’t believe what the company is saying please see:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63898109
Fact is there is a lot of interest in this company and if they deliver half of what the PR dated March 17, 2011 suggests interest will build much more:
________________________________________
"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."
________________________________________
"The dredges arrived in Sierra Leona, have cleared customs and have started operations on our 140.1 sq. km. Pampana River Concession. We are start one at a time and conducting further testing to identify optimum deployment sites. Once results are available we will publish operating results. So far, everything is working as planned and Management is pleased."
"The first dredge was launched on April 15th and the first day of operation was the 16th. Up to yesterday (the 17th of May) the dredge has been on the river for 1 month. We began by prospecting the best areas to work, and primarily, those were the areas of the least amount of overburden.”
"It is great to be in operation on the Pampana and to have our testing from the past 2 years begin to bear fruit. We are putting a secure processing facility together near our operations. This is where we bring the recovered concentrates. This is also where we will be setting up our recovery operation which will start up once the operating season is over. In the meantime, we are dedicated to producing as much black sand concentrate as possible during the operating season. We are also working on a land based operating plan to keep operations going during the winter season."
"Establishing our new processing facility is an important next step to optimizing cash flow from our Pampana operations. We are producing as much black sand concentrate as possible during the operating season and will begin processing as soon as this equipment arrives. Our secure facility will insure integrity during the primary recovery operations. We are also currently planning expanding our ground operations to include another valuable readily marketable product in addition to our Pampana Rare Earths."
"We are deep into the second month of dredging operations on our Pampana River Project in Sierra Leone. Production has increased daily for the past 3 weeks. Visible gold production is up, from 1.5 grams to 3 grams per ton of feed gravel. We are now recovering more than the estimated 100 lbs./ton of rare earth black sands concentrate from each ton of feed. Management believes that over 80% of the free gold remains in the black sands concentrate. We clean the sluice out at the end of each 10 hour shift. By the end of this week, we will have 40 tons of rare earth black sands concentrate stockpiled. 40 tons is the maximum allowed to fit in the 40 foot shipping container that we own in Freetown. Management projects that an additional 40 tons of Rare Earth black sand concentrates can be produced by the end of June.”
We work closely with the local Chief and his people and currently we employ a total of 50 men and women and rank number two behind African Minerals, the largest iron ore producer in Sierra Leone, in total number of employees in the Tonkolli district. Community relations are strong as we are bringing new prosperity to this community"
"Management is pleased and excited that dredging operations are really performing better than expected. There is another discreet product coming regularly from the dredging that is different from the REE black sand concentrates that is being tested to determine if there is an added economic benefit to operations. Further details will be available once testing is complete. We are also studying opportunities to expand our rare earth/gold and other technology metals operations in the near term."
All have a right to their opinion.
No matter how some opinions are twisted, I would counter with the facts.
When I was in the military one of my commanders used to say "If is not written down it didn't happen".
Here is what SNEY happenings are so far aka "The Paper Trail"
The facts are (as released by the company):
Tuesday, June 14, 2011
Sunergy Update on Filing of Financials: Three 10Q's for 2010 Will Be Published at Once in Next Few Days, 2010 10K and March 31, 2011 10Q to FollowPR Newswire (Tue, Jun 14)
Monday, June 13, 2011
Sunergy Provides Update #2 On Dredging Operations On Its Pampana River Rare Earth / Gold Mining Concession In Sierra Leone, West Africa With Increased Production NumbersPR Newswire (Mon, Jun 13)
Thursday, June 2, 2011
Sunergy Purchases Processing Plant Equipment For Optimum Free Gold Recovery and Upgrading The Rare Earth Black Sand Concentrates For Its 140.1 Sq. Km. Pampana River Concession In Sierra Leone, West AfricaPR Newswire (Thu, Jun 2)
Thursday, May 26, 2011
SUNERGY INC Files SEC form 8-K, Changes in Registrant's Certifying AccountantEDGAR Online (Thu, May 26)
Tuesday, May 24, 2011
Sunergy Updates Dredging Operations on Its 141 Sq. Km. Pampana River Rare Earth / Gold Mining Concession in Sierra Leone, West AfricaMarketwire (Tue, May 24)Monday,
May 23, 2011
SUNERGY INC Files SEC form 8-K, Unregistered Sale of Equity Securities, Financial Statements and ExhibitsEDGAR Online (Mon, May 23)
Thursday, May 12, 2011
SUNERGY INC FinancialsEDGAR Online Financials (Thu, May 12)Sunergy Clarifies New $687,750 in Combined Equity and Debt Financing; Total Outstanding Warrants Offer Additional $2,637,796 Plus Incentive WarrantsMarketwire (Thu, May 12)
Wednesday, May 11, 2011
Sunergy Closes $687,750 in Combined Equity and Debt Financing to Provide Funds for Mining Operations in Sierra Leone and Ghana, West Africa: Warrants Offer Additional $2,637,796++Marketwire (Wed, May 11)
Wednesday, May 4, 2011
SUNERGY INC Files SEC form 10-K, Annual ReportEDGAR Online (Wed, May 4)Sunergy Explains Delay in Filing Its Form 10-K Annual Report for the Year Ended December 31, 2009PR Newswire (Wed, May 4)
Tuesday, May 3, 2011
Sunergy Will File Its Form 10-K Annual Report for the Year Ended December 31, 2009 Today, Form 10 Q's for the First Three Quarters of 2010 Can Now Follow to Be Finalized By Its Form 10K for the Year Ended December 31, 2010 Over the Next SevPR Newswire (Tue, May 3)SUNERGY INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD DisclosureEDGAR Online (Tue, May 3)
Thursday, April 21, 2011
Sunergy Board of Directors Appoints Mr. Mark Shelley, CPA of Mesa, AZ to the Position of Corporate Secretary, Treasurer and a Member of the Board of DirectorsPR Newswire (Thu, Apr 21)
Thursday, March 31, 2011
Sunergy Files Form NT With the SEC for Extension of 15 Calendar Days to File 2010 10K and Dredges and Operating Equipment Are Mobilized to the Site to Commence OperationsMarketwire (Thu, Mar 31)
Thursday, March 17, 2011
Sunergy 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 $8421.00Marketwire (Thu, Mar 17)
Wednesday, March 9, 2011
Sunergy Update: ETA for 3 Dredge Arrival in Sierra Leone March 15, 2011; Draft Financials Are Under Review for Filing in the Next Few WeeksMarketwire (Wed, Mar 9)Friday, February 4, 2011
SUNERGY INC Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Unregistered Sale of Equity SecurEDGAR Online (Fri, Feb 4)
Tuesday, January 18, 2011
SUNERGY INC Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Change in Directors or Principal OfficEDGAR Online (Tue, Jan 18)Thursday, December 16, 2010
Sunergy Clarifies the Reason for the Caveat Emptor Status and How It Is Being ResolvedMarketwire (Thu, Dec 16)
Tuesday, December 14, 2010
Sunergy Board Resolves to Commence Reporting Status on Pink Sheets and to Complete SEC Filings to Regain OTCBB Listing by May, 2011Marketwire (Tue, Dec 14)
Tuesday, December 7, 2010
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 AfricaMarketwire (Tue, Dec 7)
Wednesday, December 1, 2010
Sunergy's Large Scale Rare Earth Element (REEs) Deposit Containing Gold and Diamonds in Sierra Leone, West Africa Also Contains an Average of 9.628%(192.6 lb./ton) Titanium in the Recovered ConcentratesMarketwire (Wed, Dec 1)
Monday, November 29, 2010
Alan Trees, Dredge Designer and Manufacturer, Joins Sunergy Advisory Board and Brings Worldwide Dredge Operations Expertise to Our CompanyMarketwire (Mon, Nov 29
)Friday, November 26, 2010
Alan Trees, Dredge Designer and Manufacturer, Joins Sunergy Advisory Board and Brings Worldwide Dredge Operations Expertise to CompanyMarketwire (Fri, Nov 26)
Wednesday, November 24, 2010
Sunergy Retracts and Corrects Its November 8, 2010 Announcement Regarding Dr. Leslye Obiora, Former Minister of Mines and Steel for Nigeria, Joining Sunergy Advisory BoardMarketwire (Wed, Nov 24)
Tuesday, November 23, 2010
Sunergy Arranges Asset Backed Financing for Initial Equipment to Commence Recovery Operations of Rare Earths (REEs), Gold and Diamonds on Its 140 Sq. Km. Pamapana River Concession in Sierra Leone, West AfricaMarketwire (Tue, Nov 23)
Monday, November 15, 2010
Sunergy Plans Dredging Operations to Commence for Gold, Diamonds and Rare Earths on Its 140 sq. km. Sierra Leone and Its 150.sq. km. Ghana Mining Concessions in January 2011Marketwire (Mon, Nov 15)
Wednesday, November 10, 2010
Sunergy Orders Initial Equipment to Commence Recovery Operations of Rare Earths (REEs), Gold and Diamonds on Its 140 Sq. Km. Pampana River Concession in Sierra Leone, West AfricaMarketwire (Wed, Nov 10)
Monday, November 8, 2010
Dr. Leslye Obiora, JD, Former Minister of Mines and Steel for Nigeria, Joins Sunergy Advisory Board and Adds Key High Level Business and Political Contacts in West AfricaMarketwire (Mon, Nov 8)
Tuesday, November 2, 2010
Sunergy's Board of Directors Expands by Appointing Bryan Miller President and Director and Welcomes Allied Mining's Management to Complement the Company's Rapid Development Strategy in West AfricaMarketwire (Tue, Nov 2)
Thursday, October 28, 2010
Sunergy Closes Acquisition of Allied Mining and Supply, LLC's Large Scale Rare Earth Element (REEs) Deposit Containing Gold and Diamonds in Sierra Leone, West AfricaMarketwire (Thu, Oct 28)
Monday, October 25, 2010
Sunergy to Acquire Large Scale Rare Earth Element (REEs) Deposit Containing Gold in Sierra Leone, West Africa in Face of Chinese Global Domination of These Strategic MetalsMarketwire (Mon, Oct 25)
Thursday, October 14, 2010
Sunergy, Inc.: Sierra Leone Acquisition Due Diligence Completed and Definitive Written Agreement Terms Agreed for 140.1 Sq. Km. Gold, Rare Earths and Diamond Concession, Enabling Rapid ClosingMarketwire (Thu, Oct 14)
Thursday, September 16, 2010
Sunergy Update: "1.45 Million ozs of Gold Have Been Produced From the Offin River Valley, Downstream From Our 150 sq. km. Nyinahin Concession, More Than From Any Other River System in Ghana" Robert Levich, CPG, EurGeol, DirectorMarketwire (Thu, Sep 16)
Thursday, September 9, 2010
Sunergy Update: 2010 Operations on Its 150 Sq. Km. Ghana Gold Mining Concession About to Commence With Focus on Near Term ProductionMarketwire (Thu, Sep 9)
Tuesday, September 7, 2010
UPDATE: Sunergy, Inc. Plans Expansion of Gold Operations to 140.1 Sq. Km. Pampana River Advanced Exploration/Development Concession in Sierra Leone, West AfricaMarketwire (Tue, Sep 7)
Sunergy, Inc. Plans Expansion of Gold Operations to 140.1 Sq. Km. Pampana River Advanced Exploration/Development Concession in Sierra Leone, West AfricaMarketwire (Tue, Sep 7)
Thursday, August 26, 2010
SUNERGY INC FinancialsEDGAR Online Financials (Thu, Aug 26)
SUNERGY INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Regulation FD DiscloEDGAR Online (Thu, Aug 26)
SUNERGY INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Regulation FD DiscloEDGAR Online (Thu, Aug 26)
Monday, August 23, 2010
Sunergy, Inc Receives Final SEC/FINRA Approval for 10 for 1 Forward Split to Be Effective 8/24/10Marketwire (Mon, Aug 23)
While the company has been consistently late in different areas, they actually are ahead of schedule on ordering the gravity/wash plant per the project timing from the Executive Briefing.
Sunergy Purchases Processing Plant Equipment For Optimum Free Gold Recovery and Upgrading The Rare Earth Black Sand Concentrates
Date : 06/02/2011 @ 7:27AM
What will be interested to see is whether SNEY will stay ahead of schedule as to achieving 600 Tons per day processing by August 2011.
From SUNERGY EXECUTIVE BRIEFING
(dated November 23, 2010))
PROJECT
TIMING
Land Mining Equipment For set-¬-up February 2011
Commence 300 Tons per day processing by March 2011
Achieve 600 Tons per day processing by August 2011
Cash Flow from bulk sampling within three months of landing equipment
Full Production mining can commence as early as March 2011 When production volume should reach approximately 300 Tons per hour for each operation. This Should produce an annual gross return (‘au’ @ $1,000 Per ounce) of $10,000,000 To $15,000,000 Per project. Production Should ramp up to 600 Tph in each case within the first 6 months.
Sunergy Has several former producing mines and numerous Artisan Pits along the Offin River Which will be worked for the 60+% Of the gold left behind by the Artisans. With The Sierra Leone Acquisition moving into production, the combined operation will begin in Quarter 1 Of 2011 At an initial rate of 2,000 – 3,000 Ounces per month stabilizing
@ 3,000/month Over quarter 3 And 4 For the first year. Once stabilized, the Company Will add 1 gravity/wash plant during Quarter 3 And 4 In each of the next two years increasing production by 36,000 Ounces per year for each operation. The Company Anticipates growing annual production to over 100,000 oz/year which results in projected earnings of $20,000,000 -¬- $30,000,000 Per year using $1,000/ oz. gold price.
A Keene 8040 dredge working on the Pampana river in Sierra leone…
http://traveltoafrica.info/gold-dredging-in-northern-sierra-leone.html
There appears to be some lack of understanding of SNEY with some posters here. Please be patient with them and maybe refer them to some reading material that may help them. My book of choice for Newbies is
Stock Trading for DUMMIES.
Great day for SNEY.
I don't expect to see significant price movements until we see significant volume movement. That is when many of the different players/traders below get in the mix:
SNEY is played differently by different type of people whether they be Investors , Traders, Day-traders, Breakout traders, MoMo Traders, Pump and Dump traders or whatever buyers and sellers of stocks called themselves
Gold is relatively scarce in the earth, but it occurs in many different kinds of rocks and in many different geological environments. Though scarce, gold is concentrated by geologic processes to form commercial deposits of two principal types: lode (primary) deposits and placer (secondary) deposits.
http://geology.com/usgs/gold/
Concentration of Gold in Placer Deposits
Placer deposits represent concentrations of gold derived from lode deposits by erosion, disintegration or decomposition of the enclosing rock, and subsequent concentration by gravity.
Gold is extremely resistant to weathering and, when freed from enclosing rocks, is carried downstream as metallic particles consisting of "dust," flakes, grains, or nuggets. Gold particles in stream deposits are often concentrated on or near bedrock, because they move downward during high-water periods when the entire bed load of sand, gravel, and boulders is agitated and is moving downstream. Fine gold particles collect in depressions or in pockets in sand and gravel bars where the stream current slackens. Concentrations of gold in gravel are called "pay streaks."
Prospecting for Placer Deposits
In gold-bearing country, prospectors look for gold where coarse sands and gravel have accumulated and where "black sands" have concentrated and settled with the gold. Magnetite is the most common mineral in black sands, but other heavy minerals such as cassiterite, monazite, ilmenite, chromite, platinum-group metals, and some gem stones may be present.
Placer deposits have formed in the same manner throughout the Earth's history. The processes of weathering and erosion create surface placer deposits that may be buried under rock debris. Although these "fossil" placers are subsequently cemented into hard rocks, the shape and characteristics of old river channels are still recognizable.
Free Gold Assay
The content of recoverable free gold in placer deposits is determined by the free gold assay method, which involves amalgamation of gold-bearing concentrate collected by dredging, hydraulic mining, or other placer mining operations. In the period when the price of gold was fixed, the common practice was to report assay results as the value of gold (in cents or dollars) contained in a cubic yard of material. Now results are reported as grams per cubic yard or grams per cubic meter.
Through laboratory research, the U.S. Geological Survey has developed new methods for determining the gold content of rocks and soils of the Earth's crust. These methods, which detect and measure the amounts of other elements as well as gold, include atomic absorption spectrometry, neutron activation, and inductively coupled plasma-atomic emissionon spectrometry. These methods enable rapid and extremely sensitive analyses to be made of large numbers of samples.
Role of a Geologist in Gold Prospecting
Geologists examine all factors controlling the origin and emplacement of mineral deposits, including those containing gold. Igneous and metamorphic rocks are studied in the field and in the laboratory to gain an understanding of how they came to their present location, how they crystallized to solid rock, and how mineral-bearing solutions formed within them. Studies of rock structures, such as folds, faults, fractures, and joints, and of the effects of heat and pressure on rocks suggest why and where fractures occurred and where veins might be found. Studies of weathering processes and transportation of rock debris by water enable geologists to predict the most likely places for placer deposits to form. The occurrence of gold is not capricious; its presence in various rocks and its occurrence under differing environmental conditions follow natural laws. As geologists increase their knowledge of the mineralizing processes, they improve their ability to find gold.
Getting Gold:
A practical treatise for prospectors, miners and students
Written by J.C.F. Johnson, F.G.S. (1898)
http://geology.com/publications/getting-gold/gold-prospecting.shtml
GOLD PROSPECTING - ALLUVIAL & GENERAL
It is purposed in this chapter to deal specially with the operation of searching for valuable mineral by individuals or small working parties.
It is well known that much disappointment and loss accrue through lack of knowledge by prospectors, who with all their enterprise and energy are often very ignorant, not only of the probable locality, mode of occurrence, and widely differing appearance of the various valuable minerals, but also of the best means of locating and testing the ores when found. It is for the information of such as these that this chapter is mainly intended, not for scientists or miners of large experience.
All of us who have had much to do with mining know that the majority of the best mineral finds have been made by the purest accident; often by men who had no mining knowledge whatever; and that many valuable discoveries have been delayed, or, when made, abandoned as not payable, from the same cause—ignorance of the rudiments of mineralogy and mining. I have frequently been asked by prospectors, when inspecting new mineral fields, what rudimentary knowledge will be most useful to them and how it can be best obtained.
If a man can spare the time a course of lessons at some accredited school of mines will be, undoubtedly, the best possible training; but if he asks what books he should read in order to obtain some primary technical instruction, I reply: First, an introductory text-book of geology, which will tell him in the simplest and plainest language all he absolutely requires to know on this important subject. Every prospector should understand elementary geology so far as general knowledge of the history of the structure of the earth's crust and of the several actions that have taken place in the past, or are now in operation, modifying its conditions. He may with advantage go a few steps further and learn to classify the various formations into systems, groups, and series: but he can acquire all that he need absolutely know from this useful little 2s. 6d. book. Next, it is advisable to learn something about the occurrence and appearance of the valuable minerals and the formations in which they are found. For all practical purposes I can recommend Cox and Ratte's "Mines and Minerals," one of the Technical Education series of New South Wales, which deals largely with the subject from an Australian standpoint, and is therefore particularly valuable to the Australian miner, but which will be found applicable to most other gold-bearing countries. I must not, however, omit to mention an admirably compiled multum in parvo volume prepared by Mr. G. Goyder, jun., Government Assayer and Assay Instructor at the School of Mines, Adelaide. It is called the "Prospectors' Pocketbook," costs only one shilling, is well bound, and of handy size to carry. In brief, plain language it describes how a man, having learned a little of assaying, may cheaply provide himself with a portable assay plant, and fluxes, and also gives considerable general information on the subject of minerals, their occurrence and treatment.
SNEY may also attract MoMo Traders from time to time.
MoMo Traders - Slang for an investment made based only on momentum, without any concern for fundamentals. An investor who follows this strategy believes that stocks which have recently gone up are more likely to continue to go up than stocks which have recently gone down. The primary measure of momentum is relative strength.
Read more: http://www.investorwords.com
Dredgemaster,
Just trying to keep it real...
Thank you for all your input.
I considered England my home away from home. I lived there for 4 years. 1982-84 and 1994-96 (USAF). I hope to make it over there for 2012 olympics.
SNEY is played differently by different type of people whether they be Investors, Traders, Day-traders, Breakout traders, Pump and Dump traders or whatever buyers and sellers of stocks called themselves.
It all boils down to Different Strokes for Different Folks
Investors- An individual who commits money to investment products with the expectation of financial return. Generally, the primary concern of an investor is to minimize risk while maximizing return, as opposed to a speculator, who is willing to accept a higher level of risk in the hopes of collecting higher-than-average profits.
Traders- 1. One who buys and sells securities for his/her personal account, not on behalf of clients.
2. An investor who holds stocks and securities for a short period of time (a few minutes, hours or days). The goal is to profit from short-term gains in the market. The stock selection is generally based on technical analysis or charting which relate only to the stock price rather than a fundamental evaluation of the company as a business. The IRS offers some tax benefits to traders: they can deduct their interest expense without itemizing, and seminar costs can be deducted as well as home office expenses in connection with investing.
Day-traders - Very active stock trader who holds positions for a very short time and makes several trades each day. Day traders are individuals who are trying to make a career out of buying and selling stocks very quickly, often making dozens of trades in a single day and generally closing all positions at the end of each day. Day trading can be costly, since the commissions and the bid/ask spread add up when there are so many transactions.
Breakout trader- Stock trader who relies on technical analysis when looking for trading opportunities. Breakout traders look for situations in the market where the asset price will move substantially in a short period of time, and then take a long position when the price of an asset breaks through a level of resistance, and as short position when it breaks below the level of support.
Pump and Dump traders- An investment scheme, sometimes illegal, in which false recommendations are made concerning a stock's future performance in order to drive share prices up. Investors making the false recommendations intend to sell their shares when the share price reaches a higher level.
Read more: http://www.investorwords.com
Wow
or as Emeril would say BAM...
Very often according to the company.....
And.... How often they are sucking up the good stuff...
A decision to not stop the dredge for the cleaning of the sluice dramatically increased our production of the black sand and gold concentrate. We discovered that the sluice was only capturing about 20% of the free gold and 80% (or more) was going directly into the sump. We have modified the dredges so that closer to 100% now goes into the sump and we pump directly from the sump to an area adjacent to the river bank. The concentrates are then moved to our secure compound awaiting future processing.
Once we got into the gravel at this location (location deleted for security purposes), we have received approximately 1.5 g of visible gold per ton of feed. We are still at this location. We have additional locations with the same info.
While the company did not tell us how much Black Sand Concentrate they have accumulated, they did say in the PR dated 05/24/11) - Sunergy, Inc (the "Company") (Pinksheets:SNEY - News) is pleased to update shareholders on its dredging operations on the Pampana River in Sierra Leone, West Africa:
We are excited that there really is as much black sand being recovered, 100 pounds per ton of feed, as indicated in previous test results and we are constantly improving the dredge recovery profile to a point that the tandem operation allows for cleaner and more efficient recovery. The other exciting news is that the visible gold content remains strong. Now that we are getting the dredges dialed in, we look forward to increasing our production numbers."
They also told us estimated per ton value of the Black Sands based on TWO tests being conducted:
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."
NEWS Released by SNEY
Sunergy Purchases Processing Plant Equipment For Optimum Free Gold Recovery And Upgrading the Rare Earth Black Sand Concentrates
Jun 2, 2011 07:27 ET
Sunergy Updates Dredging Operations on Its 141 Sq. Km. Pampana River Rare Earth / Gold Mining Concession in Sierra Leone, West Africa
May 24, 2011 07:33 ET
Sunergy Closes $687,750 in Combined Equity and Debt Financing to Provide Funds for Mining Operations in Sierra Leone and Ghana, West Africa: Warrants Offer Additional $2,637,796++
May 11, 2011 07:14 ET
Sunergy is pleased to announce that Mark Shelley, CPA, owner of Shelley International CPA, a PCAOB registered audit firm, has been appointed as the corporate Secretary, Treasurer, chairman of the audit committee and member of the board of directors.
Apr 12, 2010 07:30 ET
Sunergy 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
Mar 17, 2011 07:45 ET
Sunergy Update: ETA for 3 Dredge Arrival in Sierra Leone March 15, 2011; Draft Financials Are Under Review for Filing in the Next Few Weeks
Mar 09, 2011 07:33 ET
Sunergy Clarifies the Reason for the Caveat Emptor Status and How It Is Being Resolved
Dec 16, 2010 11:53 ET
Sunergy Board Resolves to Commence Reporting Status on Pink Sheets and to Complete SEC Filings to Regain OTCBB Listing by May, 2011
Dec 14, 2010 07:08 ET
Thursday Morning Tips: Avitar Inc., Sunergy Inc., Alto Group Holdings Inc., Dutch Gold Resources Inc., Encounter Technologies Inc., dPollution International Inc.
Dec 09, 2010 08:46 ET
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
Dec 07, 2010 07:07 ET
Sunergy's Large Scale Rare Earth Element (REEs) Deposit Containing Gold and Diamonds in Sierra Leone, West Africa Also Contains an Average of 9.628%(192.6 lb./ton) Titanium in the Recovered Concentrates
Dec 01, 2010 07:03 ET
Alan Trees, Dredge Designer and Manufacturer, Joins Sunergy Advisory Board and Brings Worldwide Dredge Operations Expertise to Our Company
Nov 29, 2010 07:04 ET
Alan Trees, Dredge Designer and Manufacturer, Joins Sunergy Advisory Board and Brings Worldwide Dredge Operations Expertise to Company
Nov 26, 2010 07:30 ET
Sunergy Retracts and Corrects Its November 8, 2010 Announcement Regarding Dr. Leslye Obiora, Former Minister of Mines and Steel for Nigeria, Joining Sunergy Advisory Board
Nov 24, 2010 16:04 ET
Sunergy Arranges Asset Backed Financing for Initial Equipment to Commence Recovery Operations of Rare Earths (REEs), Gold and Diamonds on Its 140 Sq. Km. Pamapana River Concession in Sierra Leone, West Africa
Nov 23, 2010 07:33 ET
Sunergy Plans Dredging Operations to Commence for Gold, Diamonds and Rare Earths on Its 140 sq. km. Sierra Leone and Its 150.sq. km. Ghana Mining Concessions in January 2011
Nov 15, 2010 07:37 ET
Sunergy Orders Initial Equipment to Commence Recovery Operations of Rare Earths (REEs), Gold and Diamonds on Its 140 Sq. Km. Pampana River Concession in Sierra Leone, West Africa
Nov 10, 2010 08:30 ET
Dr. Leslye Obiora, JD, Former Minister of Mines and Steel for Nigeria, Joins Sunergy Advisory Board and Adds Key High Level Business and Political Contacts in West Africa
Nov 08, 2010 07:04 ET
Sunergy's Board of Directors Expands by Appointing Bryan Miller President and Director and Welcomes Allied Mining's Management to Complement the Company's Rapid Development Strategy in West Africa
Nov 02, 2010 09:05 ET
Sunergy Closes Acquisition of Allied Mining and Supply, LLC's Large Scale Rare Earth Element (REEs) Deposit Containing Gold and Diamonds in Sierra Leone, West Africa Oct 28, 2010 07:07 ET
The Company urges investors to visit www.sunergygold.com to study the Projects, Corporate Reports and any other due diligence they require before investing in the Company's stock. An informative Dredge video is also available on the site. Investors are also cautioned that message boards are not places that have any official corporate information and should not be relied upon as a source of due diligence, but rather are places where opinions, often colored with agendas are published.
China plans restructure of rare earths industry
June 8, 2011
SHANGHAI—China is giving its biggest, state-owned rare earths miner and producer a monopoly for the northern part of the country in reforms aimed at bringing the strategically important sector that's crucial to advanced manufacturing under tighter control.
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The Ministry for Industry and Information Technology said in a statement seen Wednesday on its website that Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co.,Ltd, will be the only rare earths producer in the region -- China's biggest production base for the exotic metals.
It said 35 other companies would be restructured or closed down by the end of June and that Baotou Steel Rare Earth will handle all mining, processing and trading in Inner Mongolia.
The company was the only company able to satisfy capacity and production requirements of various government ministries, the state-run newspaper Global Times cited Liu Jingchun, a researcher at Inner Mongolia's Economic and Information Technology Commission as saying.
China has abundant reserves and produces 97 percent of the global supply of the 17 rare earth minerals, which have exotic names like dysprosium and terbium and are used in computer disk drives, hybrid car components, weapons and other high-tech products.
To cope with growing demand at home and to reduce environmental damage, China has been reducing export quotas of rare earths over the past several years.
Such moves have raised alarm in importing nations, especially after some in the industry accused China of holding back rare earth shipments to Japan due to a flare up in tensions last year.
The Misconceptions of Rare Earth Mining
by Thomas on Thursday, December 16, 2010 - 12:48:02 PM EST
http://globaledge.msu.edu/blog/articles/?t=The-Misconceptions-of-Rare-Earth-Mining&ArticleID=927
When most people think about rare earth mining, they think miners extract a chunk of lanthanum or cerium, send it to Apple, and they put it in their newest iGadget. However, few know that there are two different types of rare earths with wide ranging uses and prices. In addition, raw minerals must be processed using a complicated (and often dangerous) process to extract the individual elements.
Rare earths are typically mined using a technique called surface mining where miners use explosives to blow off chunks of rocks. They collect these rocks using massive, industrial dump trucks that carry the rubble away to refineries where rare earth metals will be extracted using acid and other chemicals. These concentrates are then shipped and sold to a processing company that converts them into refined oxides. The processing companies build relationships with Toyota and Canon and sell the oxides for use in their electric cars and high-tech lenses. The biggest surprise to most will be that the processors are the ones that make most of the money. To illustrate this, processors can purchase concentrate from China for roughly $4 per KG, however they will sell their processed material for roughly $20 per KG.
In the world of rare earths, there are two members: light earths and heavy earths. Although their uses overlap, heavy earths have a relatively higher atomic number and are also more valuable. Regardless of the weight, prices of rare earths have soared this year due to demand outstripping supply for the first time as China limits its rare earths exports.
China’s current quota system restricts the total amount of rare earth exports rather than specific metals. This has caused most companies to only export the high value, heavy metals and less of the light metals which have now soared in price. Rare earth miners Molycorp and Lynas have a large supply of light metals which have made their business plans extremely attractive to investors.
Heavy earths such as terbium and dysprosium have the highest demand right now because of their use in hybrid vehicles, lasers and nuclear reactors. This has led some governments, such as the United States, to deem rare earths a national security priority. As such, they have fast tracked legislation that makes it easier to mine and process rare earths.
Although there are a few processing plants in Germany and Japan, many countries lack the infrastructure for processing and transporting rare earths and experts are suggesting that it will take roughly 15 years to build the necessary infrastructure. The potential for a short-term monopoly has fueled companies to invest in projects outside of China. One company, Japanese chemical company Showa Denko, has taken the leap and opened a processing plant in northern Vietnam.
Only time will tell if these new business ventures will be worth their weight in Terbium (currently worth $625/KG) or dirt (currently worth very little). However, everyone agrees the demand for these metals are in high demand and will continue to be in the future.
Mining is the easy bit: Separating rare earth elements is where the complexity comes in
http://www.kidela.com/kidela/separating-rare-earth-elements
Rare earth element mining is a tantalizing venture. Rare earths are not rare in the strict sense, as they are wildly distributed around the globe and their industrial uses require relatively small amounts of finished oxide. It may come as a surprise to learn that some of the rare earths are more abundant than copper, cadmium, lead and platinum. And yet the prices for small amounts of the valuable elements are going through the roof. Finding rare earths, and extracting the minerals in which they are distributed, is no more difficult than any other form of resource mining. But separating the elements into usable ores and metals has proved to be much more complex and expensive and has essentially stopped a headlong rush into rare-earth mining.
Rare earth elements are found in a variety of minerals, although most are found in bastnaesite and monazite; the former containing mostly light rare earth elements with small quantities of heavies while the latter contains light and higher concentrations of heavy.
The largest bastnaesite deposits are found in China and the US, although known deposits exist in sites as widespread as Canada, Russia, Malawi and Norway. Monazite deposits are found in Australia, Brazil, China, India, South Africa, South East Asia and Sri Lanka.
Expertise and commitment the key
To separate rare earth elements safely and effectively is a long, complex and expensive exercise, which demands a great deal of expertise and commitment to the process. There are currently very few operations outside of China that have the knowledge to carry out the process of extracting rare earth elements from ore and very few facilities and plants with the infrastructure in place to begin.
“The ability to process is very, very critical and very, very complex”
Mark Smith of Molycorp
’5th International Rare Earths Conference’ Hong Kong, 2009
Producing rare earth oxides is considerably harder than other mining processes. Extracting gold metal from ore, for example, is relatively easy. Mix gold ore with sodium cyanide and the gold metal is leached out.
Conversely, rare-earth element extraction involves many steps. In the case of bastnaesite, usually found in igneous rock formations, the ore is mined using traditional open-pit techniques. The bastnaesite is then removed from the rock by crushing the ore into a small gravel, and then grinding the crushed ore in a mill until it becomes a fine sand. That sand, or silt, gradually separates into different mineral grains — bastnaesite and other generally less valuable minerals. The silt is then run through a floatation process wherein a liquid element is added, and air bubbles introduced. The finer bastnaesite silt sticks to the bubbles and rises to the top of the liquid where it is skimmed off.i
That is the first process. The bastnaesite must now be separated into its constituent rare earth elements. The mineral is usually sent to a separation plant where each element is separated using an acid or solvent extraction process.
“It’s a very long and involved process. That’s one of the biggest risks.
It can take dozens, hundreds of steps to separate the rare earths.”
Yaron Vorona, Executive Director
Institute for the Analysis of Global Security’s Technology and Rare Earth Metals Center
The Washington Independent, October 25, 2010
The original process for separating monazite to extract the rare earth elements of thorium and lanthanide content was called Acid Opening and involved heating the monazite with sulphuric acid to temperatures between 120 and 150 °C. Various versions of the process were used. One caused the thorium to precipitate out as a phosphate, leaving a solution of lanthanide sulfates from which the lanthanides could be removed.
A slightly improved version for separating monazite is called Alkaline Opening. This process uses a hot sodium hydroxide solution at about 140 °C. Alkaline opening allows the thorium phosphate to be recovered as crystalline trisodium phosphate. The remaining lanthanide/thorium hydroxide mixture is treated with hydrochloric acid which creates a liquid solution of lanthanide chlorides, and a sludge made up of thorium hydroxide.ii
New methods promise better returns
Other processes for separating rare earths include: ion exchange; separation of scandium, yttrium and lanthanum with high-performance centrifugal partition chromatography and S-octyl phenyloxy acetic acidiii and separation through chloride salt solutions and heptafluorodimethyloctanedione.
These solvent-extraction processes involve re-immersing processed ore into different chemical solutions in order to separate individual elements. The elements, however, are so close to each other in terms of atomic weight that each of these processes involve multiple stages to complete the separation process. In some cases it requires one hundred tanks of different solutions to separate one rare earth element. Some require even more, sometimes even several hundred tanks, making their extraction cost prohibitive for most private mining interests.iv
Once separated, the elements are now known as oxides and are typically a powdery silt. This form is the usual mode for storage and shipping. The oxide can then be used in the creation of alloys. The entire process from mining to final oxide can take as long as ten days.
Each of these processes has its own environmental impacts and potential hazards. The acid methods led to the generation of considerable acid waste. One of the key risks and costs associated with separating some rare earth elements from bastnaesite, for example, is the accompanying presence of elements like thorium and radium, both of which are radioactive.
The challenging road ahead
In the US, Molycorp will soon open a new separation plant near its Mountain Pass Mine in California. The company’s engineers have improved processing and separations technologies which are both more efficient and environmentally sound. The company engineers also claim their plant’s ability to recycle water will make it an almost zero-wastewater facility. Molycorp will also recycle the acids and bases that are needed to process the rare earth oxides, which avoids potentially dangerous transportation issues and reduces the need for contentious waste ponds.v
As the world scrambles to ramp up REE production over the next few years, companies and countries are going to have a steep learning curve in trying to educate their industries on how to take their mineral resources turn them into something useful.
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If the company was pumping itself, they would paint a very favorable picture. They haven't done that. They just report the progress of their business plan. Whether it is good, bad or ugly. The company have made good progress in the past 3 months and although they have missed deadlines, they continue to move forward.
Good
While the company has been consistently late in different areas, they actually are ahead of schedule on ordering the gravity/wash plant per the project timing from the Executive Briefing.
Sunergy Purchases Processing Plant Equipment For Optimum Free Gold Recovery and Upgrading The Rare Earth Black Sand Concentrates
Date : 06/02/2011 @ 7:27AM
What will be interested to see is whether SNEY will stay ahead of schedule as to achieving 600 Tons per day processing by August 2011.
From SUNERGY EXECUTIVE BRIEFING
(dated November 23, 2010))
PROJECT
TIMING
Land Mining Equipment For set-¬-up February 2011
Commence 300 Tons per day processing by March 2011
Achieve 600 Tons per day processing by August 2011
Cash Flow from bulk sampling within three months of landing equipment
Full Production mining can commence as early as March 2011 When production volume should reach approximately 300 Tons per hour for each operation. This Should produce an annual gross return (‘au’ @ $1,000 Per ounce) of $10,000,000 To $15,000,000 Per project. Production Should ramp up to 600 Tph in each case within the first 6 months.
Sunergy Has several former producing mines and numerous Artisan Pits along the Offin River Which will be worked for the 60+% Of the gold left behind by the Artisans. With The Sierra Leone Acquisition moving into production, the combined operation will begin in Quarter 1 Of 2011 At an initial rate of 2,000 – 3,000 Ounces per month stabilizing
@ 3,000/month Over quarter 3 And 4 For the first year. Once stabilized, the Company Will add 1 gravity/wash plant during Quarter 3 And 4 In each of the next two years increasing production by 36,000 Ounces per year for each operation. The Company Anticipates growing annual production to over 100,000 oz/year which results in projected earnings of $20,000,000 -¬- $30,000,000 Per year using $1,000/ oz. gold price..
Caveat Emptor or not there is PLENTY of information coming from the company
Don't know anything about the fundamentals of this company
You should educate yourself quick IMO...they are Caveat Emptor...the lowest of all ratings on PINKSHEETS, meaning there is VERY LIMITED information coming from the company and increased Scam potential.
There is a distributor for I-Con in Africa:
iCON Gold Recovery Global Distributors
Craig Naude
Solo Rescources
Unit 1 - 27 Bond Street
Ferndale, Gauteng, South Africa
Email: craign@soloresources.co.za
Web: www.soloresources.co.za
I-CON SB150 Prices.....
http://www.gold-rus.com/Gold/i-Con-Gold-Concentrator.html
i-Con Concentrator Price: $7,316
The i-CON Gold Concentrator is the newest addition to Sepro "i" or, Individual Mineral Systems line of world class enhanced gravity concentrators, for the recovery of precious metals and heavy minerals.
The i-CON will financially empower small scale and artisanal miners by capturing valuable mineral particles that are lost by the less effective concentrating techniques currently used. At the same time the i-CON will reduce the need for mercury, cyanide, and other toxic chemicals currently being utilized by these miners.
Every day around the world there is a large amount of precious metal (and therefore income) lost by artisanal and small scale miners around the world due to inappropriate, inefficient mineral processing techniques.
The i-CON Gravity Concentrator takes Sepro Mineral System's 20 years of enhanced gravity and fine mineral recovery experience from the world's largest industrial mines and puts it in the hands of small scale, artisanal and recreational miners.
Although the i-CON Gravity Concentrator utilizes state of the art technology, the i-CON is easy to use and very robust as it contains only one moving part.
The i-CON is a centrifugal gold gravity concentrator designed specifically for artisanal mining. The technology is based on the batch-type Falcon Gravity Concentrator. i-CON's equipment is backed by Sepro Mineral Systems Corp.
It uses a centrifugal field to concentrate very fine, free gold that is not recoverable using the typical, traditional techniques of small scale and artisanal miners.
In operation, material is fed as mixture of milled rock and water into a rotating bowl that includes special, fluidized grooves or riffles to capture the gold. Periodically, a rich concentrate is rinsed out that requires further upgrading to be turned into a final gold product.
i-Con SB150 Professional Price $15,080
i-CON SB150 Professional Gold Recovery Plant (PDF)
SB150 Professional Plant Includes
1. Patented SB150 Centrifugal Concentrator.
2. iCON VS1224 heavy duty vibrating screen with Italvibras motor.
3. Hi performance iCON SP1.5 Slurry Pump. Quickly moves screened material to the centrifugal concentrator and/or moves tails away from the plant.
4. Variable frequency drives (VFDs) and control station. Allow the end-user to easily adjust each component individually to maximize productivity.
5. Mini grizzly. Directs the 'oversize' of the screen to the sluice/nugget trap
6. Extra long sluice with dredging riffle. Used only as a nugget trap.
7. Control Station (as seen in photo): Water Manifold, Electrical Connectors.
8. Installation Kit with All Hoses and Fasteners.
9. Sluice/Negget Trap
10. Blue Bowl For Final Cleaning of Your Concentrates.
Bernie Madoff, ENRON, WORLDCOM were United States operations so what is your point?
Being an African operation, anything can be going on and none of us would be the wiser. The proof is in the... well, proof.
There is no EVIDENCE that ANYTHING is actually happening!
CAVEAT EMPTOR + NO FILINGS + CONTINUED DILUTION + NO REVENUES = BUYER BE EXTREMELY WARY!
Mineral Processing Products: Model No. 6 & No. 14 Concentrating Table
http://www.deisterconcentrator.com/
Higher recoveries than any other single-deck concentrating table
Higher grade concentrates-design allows for accurate cutting of the concentrate and middling products
Greater capacity
Greater profits
Lower maintenance
100-years of design success
White or black rubber covers
Sand or slime riffling systems
Handles a variety of feed sizes
Handles ores, minerals, crushed slags and drosses
Recognized the world over as the most highly developed single-deck wet concentrating tables available
APPLICATIONS
The Deister Concentrating Tables are designed primarily for the concentration of a variety of minerals including, but not restricted to, iron, tungsten, chrome, tin, copper, gold, mercury, tantalum, silver and lead. Other applications include recovery of values from slags, drosses, and sweepings. They are also used in the treatment of clays and in the removal impurities from glass sand.
ADVANTAGES
The Deister Concentrating tables have been shown to outperform virtually any other concentrating tables on the market today. Their rhomboidal shape, ease of operation, and low maintenance makes Deister tables the most economically sound choice for ore concentrating tables in today's market.
No. 6 Concentrating Table shown. Model No. 14 has half the deck area and half the capacity of the full-size No. 6. No. 14 is used as either a half-size commercial unit or a large size lab table.