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Since we are all guessing and some are using pseudoanalysis techniques to derive their devination, I'll add my two cents. I'm looking for some good positive moves as we go down the week. News is coming and people are aware of it and the volume is increasing and the price is increasing. The rainy season has come to a close and the SL operations is going full steam ahead and tons of overlay are being moved as we speak and for every ton we have gold and REEs. The operations are really moving now even as the auditors are doing their job. Filings are coming and this stock is moving.
A lot of them are probably like me right now. Nothing to say, but read all of the posts everyday. No new information to share right now.
Your friend myust be Chloe. Is he still around. Haven't seen Mylife in a while by the way. Lot of the old timers have better things to do than talk over a stock that is idling away. Those who wre still here are here to watch for the break when it starts rolling. Just scraping along.
I don't recall the Morgans, the Chases, the Rockerfellers, the Vanderbilts, and others having to eat their gold in the last depression. What I recall is that they had the speice to buy all that they needed, because people will always barter for something they want. And as a person who deals strictly in commodities, I think I have a better sense than you do on what greases the skids. If you want it and I control it, you'll have to buy it from me. That simple. And gold has value way beyond its role as a currency. All I want for Christmas is someone to talk to that lives in the real world. Please Santa.
Which means commodities will increase in value and whoever owns them is in a great position. Your arguments are straw.
Don't invest. Personally, having worked for scraps, I would rather work for them than to not have them. And when inveting in SNEY remember we are at the mercy of the native chiefs anyway. Who is being exploited? We provide the means to get their product to market and they get royalties and they get jobs and they can pretty much take it away from us at any time. Think Hugo.
What is there about fluctuations that you don't understand? The prospect of gold values not declining is variable, but the subsequent climb to $2000 and beyond is inevitable unless someone can discover a way to manufacture it cheaply. Just like SNEY, the price has taken a momentary bounce down. Big deal. Now tie the price of gold to the stock price of a mining company. No direct corelation, for whatever reason.
About time the MaJic 8 Ball made its appearance again. Now we need some more of the old posters coming back. DD says that this is running on the ground and gold is being produced. But the management has yet to do the follow-through that investors need to start buying again. Should be getting our Christmas presents real soon IMHO
Not only is it OK, it is imperative. It is one more nugget of DD. That beats the constant harping about this is a scam without any information whatsoever. At least we know that we have an actual residence where a first line person of interest lives. I think it is excellent work. If you had found a vacant lot, that would have told us something as well. But knowing what I know that is happening on the ground, that wasn't going to happen. This thing is real.
Several million! Right!! Boy, another one with millions of shares biting the dust. And at this time! Really! I don't think any company would do well on a board of this nature. Unless it is sending jelly sandwiches out everyday to its investors, it is a sham. But several million shares? Right! Price 'em under .005 please!!!! Or are you offering them at .0065?
I agree. We need to be objective and that means people should be able to express their concerns. Mickey should be able to attempt to rally the troops to sally forth against the company. Scuba should be able to state his frustration. We need to know the cons and the pros. But useless drivel expressed time and time again to the extent that it becomes a diatribe and has no usefulness other than to express a worthless opinion, pro or con, should not be tolerated. No censorship, but we need freedom of expression only if it exceeds the IQ of a snail. Oh, by the way, this is just another pinkie, and they are all scams, and the pumping and the dumping of this stock is just plain criminal, and I know it will go down before it goes up, only it won't go up, and I can't get what I put it into it unless management fesses up. Oh wait, aren't I a speculator who knows the risks. Investors invest in proven stock, speculators don't. Risk, hwlp me, I'm ranting.
Isn't it great that he has one post. I looked at all of the caps and just moved on to the next post with a song in my heart. I love to read about how all of the big investors lost in other stocks and the smaller investors were the smart ones, and I love to hear how all the other pennies are pumping and dumping. But the one thing that we cannot beat into anyone's head is that SNEY has not done any pumping or dumping. We're all in the dark, some more than others, but something will break one way or the other. Even all of the whiners have their money on the table and are making the same bet whether they like it or not. I've got to respect them for that. We could use a little more love from the company, but this is life.
I am glad to see you two giving advice to each other. Perhaps PMs would be in order. LOL
You said it. Banter on the board. We are in the dark as well when it comes to what management is doing. I wouldn't ever equate what is said on the board to the reality on the ground. Only DD can tell you if anything is going on on the ground, not banter.
Keep hanging in there BG. More to come down the line.
I never make excuses for anyone. I'm all about spanking (or kicking)the asses of little whiny kids, not making excuses for what a company does or does not do. As I recall SNEY has made no promises. It has released information on what it is trying to do, and it has explained (for any idiot out there, see the difference between an explanation and an excuse) why it has had problems getting the financials out. When I was at West Point and had to answer for a fault I was offered three options: 1. Correct, Sir; 2. Incorrect, Sir; or 3. Correct, Sir. May I explain? Explain - not give an excuse.
If you are calling them liars, you might as well call them crooks. Not a whole lot of difference.
I am just like you, but I got in a lot sooner and although I am down, it is nothing that I can't afford. I have no warrants; I have no inside information. I have never (until a couple of days ago) reached out to management (and I still haven't reached SP). But I do have knowledge about SNEY that I have paid for and I know it is reliable. I also have the experience in running an exploration company, and things are just not cut and dried, especially in a foreign country. But you are right. I have patience, but I think that comes from being in the military back in the mid sixties. What a cliche, but it;s true, it's always darkest before dawn. Just hang in there. Know this, if this goes down, I lose a lot, and I don't like to lose either. There are no lessons to be learned in losing in a penny stock. You either play to make daily ups and downs or you take the risk of guessing on a long-term play. And the odds of that are astronomical. Those playing SNEY as a long-term play are taking an astronomical risk - that means Trader has a better chance of being right than wrong, especially in his mindset. I like the odds though. DD helps. Hope that helps.
Maybe you should go ahead and cut your losses and get out. I never stay in something I think is a loser. You can transfer your money into another stock that you've done your due dilligence on or put it somewhere safe. Or, if you think you are in the right place, you can always double down. It's often better to go with what or who you know than with something or someone you know less about. But who am I to offer advice? I've made my fair share of mistakes. I firmly believe this isn't one of them.
See what happens when I mimic your dour, pessimistic, crybaby crap. I'm cut down and eviscerated in front of the troops. I was trying to show that I can write the same crap that the whiners throw out, which doesn't go to showing what is really going on or proving to be helpful. If I were a betting man (and man I am), I would bet that most of the posters would rather read my crap than yours. If they'd rather, they would rather not hear any crap, but some good factual analysis, pro and con, not some stinky-ass opinions. Pray, continue to spew forth though.
Where I hope all of Scuba's posts go as well. My posts are about as informative as his and a little more entertaining. I have tried to contact SP, but his voice mail remains clogged. But I do know through SL contacts that SNEY is still producing quantity and quality in SL. This company is for real and the reports by the company are not being filed for whatever reasons is beyond my ken. There must be a strategic reason why the filings and PRs are not being released, probably to protect company interests in a highly desired area. We are not privy to management decisions for a reason and the most likely reason is pro-company and not anti-company. Things will break soon and they will be positive. Bank on it.
As I understand it, they are currently entrenched in the local jail. Seems that they were caught trying to abscond with a little over 2 ounces of recovered gold. They've been charged with looting the company coffers and are awaiting trial incommunicado. I can get some communications into them, so if you want send me your questions and I will submit them to them. Scuba gets first shot though because he is the most concerned. I understand that they have some negligence issues as well because they allowed through their negligence the theft of 30% of the recovered gold by native employees. Oh, I almost forgot. The lab that the REEs samples were sent to was a scam and all those REEs turned out to be dirt. Black, black dirt, which turns out to be less valuable although it is extremely rich in nutrients, but SNEY doesn't have a license to do dirt so all of it belongs to the chief. EEEK!!! Sorry Scuba; you were right.
Falon: you are so off base its frightening. Actually, now I see why Scuba and the others write such negative posts. It's really fun. I can make up so much crap and try to sell it and even if no one will buy it I can polute the board to my hearts content because so long as I stick SNEY in there I'm on target. SNEY is going down, down, down. I think I will sell short this week.
You are absolutely right. The natives have stolen so much gold (over 30% of all recovered gold to date) that the company has actually dredged over 2.659 ounces to date. But not to despair, under Chapter 13 it will reorganize, fire the locals and move upstream. And it will operate under a business model designed to succeed. Only it will have a new batch of investors. Its IPO will be out in time for Christmas.
Latest news is that SNEY has declared Chapter 13 bankruptcy, picked up all of its marbles and moved up stream to try again under another company name. The entire management team has been indicted for fraud and is now being held in lieu of $50,000,000.00 bond. Investor money has been declared forfeit except for mine because I DUMPED all of my shares over the last five weeks. It seems as though the only dredge on site was an old 1849 model, 3" revolving GoldRush gold pan on a pedal driven mount. It was spewing out .01 grams of gold per fortnight and the natives were pocketing 30% of that. Falon, would you do the calculations on that for us. Management did say that it was sorry that it couldn't get out any PRs due to a short in the one remaining generator. It asked me to convey its personal apology particularly to Scuba because of all of the investors involved in its P&D scam, Scuba seems to have been most hurt by the scam. Management is encouraged in its new venture because it thinks it now knows how to run a pump and dump campaign. It will do its own pumping and dumping and not allow third party interests to do it. That way it can make money. It will especially invite Scuba in as one of the insiders so that he can recover all of his tens of losses. My friend Dredge remains upbeat even though he was in a Chinese jail for a while. He says he was forced to write all of those negative reports by the Chicoms or else he would have been turned over to the Russians who he now believes have infiltrated SNEY management. Anyway, if Scuba needs a crying towel, SNEY is ready to mail a towel mongramed in 3K gold.
Let's pretend you have over 800K and that you are pissed because you bought at the high end. We know that you are upset because you didn't get to flip this and double your money in a month or six. So what? There is nothing to keep you from complaining all day long or going after SNEY management, but why not give it a rest? We are in no position to help you, and all of your carping does nothing but indicate your character. It does not advance knowledge of SNEY; on the contrary, as I've stated before, you invested in something you know nothing about. You thought you would make a killing real quick, but you got caught on the downside and are now scared you're going to be killed. If you can't bear to take a loss and get out, stay in and wait. Get out now and you have at least $5000 in your pocket. So you took a loss. Big deal. Keep it, quit carping and give us real information if you have any. If not, be still and wait. This thing will turn around, only not by your timetable. It will be by SNEY's timetable, and when it comes, it will be (in my humble opinion) awesome.
I think Scuba is someone who has nothing to do but talk and this board is an outlet for him. He gets to talk and pontificate all day long about his beliefs and unless we lock him out, we are doomed to listen to his philosophy of life or lack thereof. We have to listen to him tell us why he believes this or that with no real connection. He must be retired and have nothing else to do but tell us why he believes what he does. So be it. We know what he thinks of SNEY. Why he keeps repeating it ad nauseum I do not know except that he is lonely. Neither he nor Trader or Risk or me should sway any member of this board from doing what he or she wants. But when someone who knows nothing about finding out about a company keeps badmouthing the company that he supposedly invested in, I just consider the source and keep trucking.
It's too bad that news is not coming out, but I have always said that one shouldn't be invested in SNEY if one has to buy or sell on news or lack of it. If you have done your due diligence, you know that SNEY is sitting on and mining a lot of gold and other valuable minerals. It is a viable working company operating in two countries and it may be partnering up with other companies in order to do even more. But the fact that you can buy shares this cheap sould not deter investors from coming in. It is in the dark days that real money is made. And the only thing dark is information out of the company. It you look to independent sources like creditors, lenders, and suppliers, you will see that SNEY is operating on an every-day basis and every day it is making money. When the news comes, it will most assuredly be positive. How positive? Dont know, but if it has been maintaing the production levels it indicated in the summer, it is making real money and is expanding operations. Forget the Traders and the Elcheapos. Their charts are kind of like projecting Newtonian physics on subatomic levels. It dosen't work. Need to stick to quantum mechanics. Same with charts on this stock. Doesn't work. When the news comes out, it will blow projections out of the water. Just because there is no news doesn't mean that when the news does comes that it will be bad. Sney is on the way. It ain't going away. And when it comes, there is going to be a lot of money to be made.
Risk: I finally tried calling Steve today, but his mailbox is full. I will continue to call over the holidays until I reach him, or my finger falls off. Who knows. If he is like me, he is working over the holidays too. We never quit drilling. Hoefully SNEY never quits mining.
Now that is the way to discuss a stock like SNEY. I like the way you think and analyze a situation. I know how SNEY is operating onthe ground and I have been unable to equate how the stock is doing to what I know is happening. I think what you say makes a great deal of sense. It has always been the investor's psche that has puzzled me. Thanks for you insight.
Wasn't me. I have no idea when it will happen. My informant has been duly executed for getting me wrong info a month ago. Strung him up and did the job. I ain't got no inside info, and I've never talked to Steve Parent. I keep threatening to do so, but I have my primary work to do (sweeping out the shop) and don't have time. I have a lot invested and I too cannot afford to lose either. Well I can, but then so can all of us who invest in these penny stocks right? I mean my god who wants to plunk down money on a pinkie expecting it to act like a blue stock? My god, who is that imbecilic? Might as well sue the company for some scamming. Right? I predict that the filings will be done soon (using SNEY's definition of soon).
Nothing that you do is disturbing to shareholders. Rather, disturbed shareholders must do what they must to satisfy themselves. If you are willing to plunk down the $$$ necessary to get to the bottom, then do so. No one wants you not to pursue all avenues open to get DD done. We just don't like all of the complaining and whining. I've often said that if someone has a problem, quit bitching about it and do something. If that is what you want to do, then do it. Doesn't bother me a bit. I've seen a hundred like you on other boards, and some are right and some or wrong. The proof is in the pudding. I think it is easier to spend money on the front end doing DD then it is on the back end filing diritive actions, but then, I'm just a clerk in my mom and pop store. Good luck. Your leming friend, Jim
Yeah. And it wasn't even on point.
The Few! The Proud!! The Wealthy!! Too proud to sell or too smart? If you have done your due dilligence, you know this will break and when it does, only those who are in at this level stand to make the most. Why would we want to sell now? If I wasn't too busy at my real job, I would have jumped on that .0065 today just for the fun of it. As it is, I have too many shares. They just need to keep dredging. The paperwork will come when it comes.
I think anyone that has been with this board for more than 12 months is fully aware of the office in Arizona and the fact that it is a mail drop and a US address. The business is for all practical purposes located in Sierra Leone. Period. What you want to infer from your statement is up to you. It means didly to me. Someone coming to my office would have a hard time getting me as my office is more often in a pickup than at the office, but my secretary is mine alone and I can always be gotten to if they pass her screening. LOL. Don't get me wrong. I want this done right and I want it done soon, but my carping and complaining ain't going to get it done.
I couldn't say what you've said in your last three posts any better. Gets tiring. And the statements that a lot of posters agree is such crap. There are a few gripers that have no foot in reality and it messes up the board. We should be about finding out facts, not whining and complaining. Keep it real.
My little mom and pop does about $92,000,000 a month in gross income and I have a lot of filings that I have to do as well. I too have to answer to investors, but I still don't take crap off of people. Then shove them up an Orca's ass.
And a piss-poor PR machine at that. Can't even pump up its own stock or get the PR outon a monthly basis. What a PR machine it is. What planet are you from?
Dredge; can you get them a sworn affidavit with a pound of gold attached to it? Or maybe a treasure map/ Heck, maybe a picture of a gold bar with SNEY's logo on it? I am amazed that you even respond in the gentlemanly way you do.
You know what you can do with Reg FD? Go stick it up a manatee's ass. By now, if you don't know about Dredge or anyone else who have contacts in SL, you don't know squat. What's more, it obviously shows you don't know what DD is. But I've been telling you that for months now. Dredge gets his information from the same sources I do, but his are better, plus he has boots on the ground, and he can get more information in a bar in the afternoon than you can studying filings and reports in a year. If you want to go legal, do what I've been telling you for months...... run to the SEc, or whatever turns you on.