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Once again read the Field report carefully everyone.
Mining Operations
As of March 25, 2011 SGCP extracted 105.3 ounces of gold from all project sources and 82 pieces of diamonds (.05-2.3 carats). We expect these numbers to increase significantly as we have now accessed what we consider to be the pay gravel at most sites.
Much of the dredging activity during this quarter has dealt with removing large amounts of lower grade overburden sand which caused far more difficulty than anticipated due to its thickness. However, during this process, a large quantity of high-grade concentrate has been recovered and retained for future processing using more sophisticated technologies.
Unfortunately, SGCPs dredge operations project manager contracted malaria in March but is expected to make a full recovery and be back to work in the first week of April.
A lot of weasel words in this Field report!
You guys need to hear the truth and I am proclaiming it to you. Get out while you can!
I have sold. It is only going to get worse (a lot worse) before it gets better.
Come on guys! 2,250,000,000 authorized shares.
They have already run through the 2 billion.
The fact remains we have never had a spike in PPS because of facts or news. We have only had a rise in PPS because of anticipation of news.
The true value of this stock is probably about .0012.
Until we get some news!
In fact they started diluting shares after the PR was released!
Just stating fact. For over a year I have been one of the top 5 optimistic people on this board. I held when many of you got the profits. I should have sold at .0029. I didn't. I am down $4500 dollars.
I believe it will go lower. Good news if it comes probably will not be here until next mining season. We can't even afford to pay for a Press Release without diluting shares. At one time we only had $41 in our checking.
It is sad when we can't even get a Field report posting due to the webmaster. Pathetic!
Strong Sell!
Going down to .0015 by the end of the week. Maybe worse. We need news not anticipation of news.
This thing is going to go lower. Probably to .0015 again before we go up (Maybe even to .0012 if we do not hear news soon).
They are also diluting more shares. A lot more. I know for me of all people to say that "it is going to get worse before it gets better" is quite a surprise on this board but its true.
They are constantly diluting and they have 250 million additional shares to dilute (minus what has already been diluted).
It is a sad day in SGCP. They are diluting shares while in the heart of the mining season. It looks like .0018 will be the high until news.
I know we need to remain positive but we also have to be realistic. This stock has never risen due to facts but on anticipation of what the facts could be.
The reason of the last day of dilution could be a number of reasons: paying the workers, paying for Doug's airfare, paying for the press release, etc... The fact remains: THEY STILL DILUTE.
I found a month ago (around 1st week of March) and called John. He said they needed funds. Obviously they can not get a bank to have confidence in them for the finanicing so they take it from the shareholders. This is after on December 28th at 1P.M. when I called an asked our they going to dilute any additional shares I John said no.
I should have sold my shares when we go up to .0029 but didn't because of over hyped production estimates.
We are still diluting shares and the truth remains that CANT (Cantor) is probably the one selling them. John told me on the last call he will dilute shares as long as they need the funds.
He also said he will not give any hint to when the next Field report or Press Release will be. He only said we will get a Field Report once a month.
This company is so bad we don't even have a proper chanel to report the news on our website.
Going over .75 on Monday. This company now has 15 million dollars in financing. Should be set for at least 2 years. Look for PPS to reach $1 in a few months.
Strong Buy!
It appears .0016 is the lowest we will get for now. Will we stay at .0018 or above?
We need to spread the word about JADA and its capabilities. This stock will probably go back to $1.
This stock is even rising after closing. Currently at .60. Also look for those that were in TIV to join CFW.
Buy confirmed on American Bulls and Barchart!
Can't wait until Monday!
This is going to rise higher.
Still rising! Next TIV! by next Friday .80!
This stock is on the rise. It will get to $1 very soon. Look out! Maybe even to .80 today!
I don't know.
This company has so much potential.
DO you guys think we will go past 18 or below 17 today? It is a tug of war.
Are they ging to dilute more today?
COmpany has great potential. We will see. Hopefully news will come!
What does everyone show at the Bid and Ask?
Also I noticed that about a year ago March 29th this stock closed over a $1. Why has there been such a drop-off in this stock? Will it get to $.50 or $1 again? It appears that they are not diluting shares which is good. Only 80 million Outstanding shares. Plus they have a 11 to 1 Current Ration. All Fundamentals seem to be a buy. We just need news. It appears that this company still has a lot of money in the bank. When will the 2010 year end financial reports be posted? Has anyone talked to someone from the company?
What is going on with this company? Are they still in business? I would like to know.
I am thinking of investing in this company. It was one of the top 13 Chinese stocks to buy. We just need to hear some news.
Back to .0018. Pennyland here we come. Let break through the .0018's.
Back to .0018. Pennyland here we come. Let break through the .0018's.
What is going on? This stock has so much potential.
We need to keep this above 17's someone needs to buy the 18's so we can get to the 19's.
The question I have is how much more dilution.
Will we get out of the .0017--.0019 range? Will it go even lower?
These 18's are a bargain someone needs to buy them.
Bid at .0017 Ask at .0018.
What is going on here? Who is selling all there shares at such a low price?
Does this stock only have 500 million shares?
We need to break through these 19's! We got to get back into the 20's.
bid at .0018 ask at .0019.
Hopefully we can at least clost at .0019 that way we can begin the climb back.
Does anyone know why the bid is at.0017 and the ask at .0021?
Any additional news happening?
What do you mean by this post?
Has anyone heard if we are going to hear any news on this company?
What is going on? Are they still producing Jade? How are their financials?
Is there a chance we will rise to $1 again?
Hello Everyone!
What is the news? How come 10 million shares sold at the close today?
Does anyone know how long Doug will be in Sierre Leone this time?
Something good must be happening over there for Doug to come back home for only a couple of weeks only to leave and go back.
Hello everyone!
I posted a couple of days ago a production analysis for this Production year for January-June using the information we received for the production numbers up to March 25th. The reason why I posted it multiple times was because I used several different calculations to estimate this production years (January-June) gold and diamond mining numbers. My most recent posts were deleted. Hopefully someone will get something out of my estimations. Let me know what you think. I know my numbers are based on the current mining numbers and they will still make SGCP a profitable year.
Stock Analysis for SGCP (Sierra Gold Corporation)
Invest in SGCP. 4 times as much increase in mining numbers from last year.
SGCP (Sierra Gold Corporation) Mining numbers.
This is what we mined for January-June in 2010:
197 oz of gold and 137 pieces (52 carats)
Only: 28 oz au were recovered and sold through JV ops
26 pcs diamonds were recovered (.2 - 1.45 cts various grades)only 14% of the
gold and 19% of the diamonds
were recoverd from january--March 13th of 2010
so 169 ounces of gold and 111 pieces of diamonds were recovered from March
14th--June 30th of year 2010
This year from January- March 25 2011
As of March 25, 2011 SGCP extracted 105.3 ounces of gold from all project
sources and 82 pieces of diamonds (.05-2.3 carats).
Just using last years production rates using January-Mid March in comparison to
Mid-March to End of June (which this year should be higher!!!)
We should get this much production from March 25th--June 30th
Gold 645 ounces
Diamonds 349 pieces
Which gives us 6 month production totals of:
Estimation: We will have the following for number January to June 2011
Gold 750 ounces
Diamonds 431 pieces (.05-2.3 carats)
Notice also that carats are a lot bigger (1.45 high 2010 in comparison to 2.3
carats in 2011)
Or you can calculate it like this:
January-Mid March
2010 Gold 26 ounces
2011 Gold 105.3 ounces = 4.05 times as much
2010 Diamonds 26 pieces
2011 Diamonds 82 pieces = 3.1538 times
January-June totals
2010 Gold 197 ounces
2011 Estimation Gold 797.85 ounces (197 x 4.05)
2010 Diamonds 137 pieces
2011 Estimation Diamonds 432 pieces (137 x 3.1538)
so we will get (at the current and past rate of production) between the
following ranges for the year
Gold 750 ounces to 797.85 ounces
Diamonds 431 to 432 pieces
This Looks good!
Look for a very profitable year!
From October 26 2010 Field Report
Projected gold and diamond extraction numbers are based on testing and equipment currently on site in Sierra Leone. The projections shown below do not include rainy season operations and assumes 180 days of a potential 180 to 210 day dry (mining) season and 6 hours of a 6 to 8 hour operational day. Evaluation of our first rainy season operations has not been completed therefore projection numbers are not available. It is my belief that conservative numbers must be used in any projection formula and is the reason why these numbers below were chosen:
A) Four dredges at 25 TPH = 100 Tons per hour
B) 100 TPH x 6 hours per day = 600 Tons per day
C) 600 Tons per day x 180 days = 108,000 tons
D) 108,000 tons @ 1 gram of gold per ton = 108,000 grams
E) 108,000 tons @ .25 carat of diamonds per ton = 27,000 carats in diamonds
If this is the case they should produce 3,483 ounces of gold for this mining season (Is that from January-July?). 108,000 grams = 3,483 ounces. 31 grams in an ounce. Remember these are conservative estimates.
We can still get over 3,000 ounces of gold for April-July.
Go SGCP!
How high do you think this stock will get in 6 months?
What is the potential?
It appears it can get up to $15 a share in 2013.
Are you confident that it will go over $1?
This is what we mined for januray-June in 2010:
197 oz of gold and 137 pieces (52 carats)
Only: 28 oz au were recovered and sold through JV ops
26 pcs diamonds were recovered (.2 - 1.45 cts various grades)only 14% of the gold and 19% of the diamonds
were recoverd from january--March 13th of 2010
so 169 ounces of gold and 111 pieces of diamonds were recovered from March 14th--June 30th of year 2010
This year from January- March 25 2011
As of March 25, 2011 SGCP extracted 105.3 ounces of gold from all project sources and 82 pieces of diamonds (.05-2.3 carats).
Just using last years production rates (which this year should be higher!!!)
We will have the following for number January to June 2010
Gold 750 ounces
Diamonds 431 pieces (.05-2.3 carats)
Notice also that carats are a lot bigger (1.45 high 2010 in comparison to 2.3 carats in 2011)
Look for a very profitable year!
105 ounces of gold will still get us to revenues of $100,000 and that does not include the diamonds. At the current rate and judging by other production years we usually get 4 times as much gold and diamonds in April, May and June as we do January, february and March. So we should be able to make at least $400,000 in gold (420 ounces at least) for April-June! This does not include the profits of diamonds plus agriculture. Not to mention July-December since we are mining during the rainy season as well.
Throw in the wild card of Carbon Credits and you get a......
Strong Buy!
Can't wait until April, May and then June's Field Reports.
No need to release a PR right now might as well release it in late May or June. Imagine a PR that says something like "SGCP mines 4 times as much gold as any previous year for the mining season". Penny Land my friend.
Have a great day!
How high will the bounce take us?
Agree. We need to create a more positive atmosphere around here. The more excited we are the more it will go up!