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Glad you read it in the same way as I did.
To let you know whats involved.
New application for MINING Licence.
Geological Surveys sends surveyer to site to map out co ordinates of mining area or areas.
PAPERWORK ,goes to Minestry and goes to bottom of pile.
Africa Time, Easter Holidays.
Back and forward to Ministery.
The point I think that people may have forgotten is that SNEY is one of very very few mining companies in SL that is going into mining licence mode. They therefore must have a Product and in a quantity that is worth mining for.
A Mining Licence requires a lot of admin in country with monthly reports to ministry on production and exportation and so the numbers should be easy to get hold of makeing it a very transparent company and a smaller risk.
So as you say coachum risk and reward. Those who accumulate now (when mining licence is in place as new CEO has stated) will be the early birds.
GLYU
Dredgemaster
Debate on opinions, possibilities, probablities, what should happen, what could happen, and what must happen, priorities, the possible way forward. When you debate the PERSON who posts instead of thier opinion or DD then IMHO your focus is shifted in the wrong direction.
I enjoy posts from most here and those I dont think have anything to offer or continue on the same thread I dont read. Period. I have learned a great deal from many posters here about SNEY, STOCKS, and the ability to put forward and share DD and OPINIONS.
Lets get back to that type of posting.
There has been frustration before when SNEY went quiet for a while but I do think we should see if this new CEO is as good as HE says he is.
I HAVE BEEN TALKING TO SOME PEOPLE WHO SAY THAT THE CONCENTRATE COMEING OUT THE PAMPANA IS VERY FINE IN TEXTURE AND THE GOLD IS FLOUR GOLD AND THAT IT IS HIGH IN Au CONTENT. I suspect this is why the Chinese are buying in large scale.And probably why normal sluice and gravity recovery is not great.
The NEED, for a plant to process this type of concentrate MUST be a priority.
GLTA
Dredgemaster
To PM, I am just chillin out and as most people come to Freetown from the provinces for easter it makes it easier for me to have a few meetings.
As for the other then if you believe in the concession and have done the DD and not listened to opinions except to verify where you can then you will come to your own conclusions. we have a saying that the land will always tell you the truth but there is nothing more queer than folk.
GLTY
Dredgemaster
ps it is past my bedtime, goodnight
Hi folks, did you know that President Koroma was in the USA on 26th March.
Ant, remember my Japanese friend?
The Japanese Govt have just given, 360,000,000 yen to GoSL. Food Aid.
We, The Brits, have a new high commissioner in SL and I happen to have met him previously.
Not much changes here except the cost of living and fuel has risen and the £ has taken a hammering against the $.
Will be up country next week after the holidays and meet some old friends.
GLTA
Dredgemaster
Sorry Sir,but you are the man when it comes to previous posts and DD.
But dont make it your lifes work.
Will be off the radar for a couple of weeks but will check back.
GLTY
Dredgemaster
mikey, think of on the beach and you dig a hole in the sand and the tide comes in.
The side walls colapse and the hole gets bigger but shallower.
Now equate that to the divers, under water and trying to get overburden out and get to gravel and black sands.
They are most likley working blind and the width of the hole will depend on the depth of overburden. The deeper the overburden the the wider the exploration hole. However the depth and quality of the gravel and black sands may make it worth while. Thats why its called exploration.
Mapping a river in this way is costly and time consuming but the rewards are great.
On the other hand a small depth of overburden can be a better indicator as the overburden is lighter and gets washed away leaving heavy minerals and materials traped.
I am not a geologist but I have generaly found platinum in areas that have a very heavy concentration of GRANITE or Diamension Stone.
GLYY
Dredgemaster
Hi Mikey, I was interested in the dredges for thier portability. I use them as a process plant and take the free gold that is pan washed from the sluice carpet. The operation of these dredges are on the same system as the Kean 8 in that it has a sump where the heavy minerals accumulate and then via a venturi system are taken to the top sluice for final gravity wash. The carpet is removed and the concentrate in the carpet is pan washed and your winnings recovered.
you srart dredgeing down river so that the overburden is carried away otherwise you would be redredging overburden over and over again.
Dont see the point in puting the black sands back in the river when you can just take it to the river bank.
I think they are good prospecting dredges and if used for such would have proved up the river part of the concession. With the weather conditions stated in PR I would also have stockpiled the concentrates but only if the gold content warrented. Or the REEs were valuable.
You must remember that the long term decisions on what is probably recoverable are not easy to make. Short term decisions like lets just take the FREE GOLD and bug out dont go down well with the locals. A concession the size of Sneys calls for LONG TERM DECISIONS.
Priorities change from day to day on a mining site as with decisions from management. The ability to go along with the flow and still keep sane helps.
Business models are something I leave to those who know better or so they tell me.
Hope is of some help.
Dredgemaster
It is easier to get the acids required than the mercury, but is not profitable.
Useing mercury requires also useing a tort. Then it is my health I am worried about.
Also in both cases you will destroy any REEs which may be more valuable than the flour gold.JMO.
Dredgemaster
To PM, you already have it and have mailed me before. It is in my profile, just click Dredgemaster.
Dredgemaster
To PM, when you buy gold in SL it is about 80% pure, what do you think the other 20% consists of? You want black sands then you go to the river or the mine. Seen more black concentrate from hard rock than aluvial but never had it analised personaly. A South African friend did and the results were astounding.
Dredgemaster
To PM, I have been posting for 2 years with over 1600 posts.
I do not keep all of them however it would have been early in my posting as I stated that when dredging and washing, we normaly put the Dirty back into the river as there was no specific profitable and safe way to extract the flower gold or REEs for that matter.
I also stated certain mining vilages where they throw the Dirty at the back of thier huts.
Perhaps Antbear can help as he is a mindfull of knowledge and I sugest you PM him.
REEs is not an area in which I have much knowledge.
I also remember posting that Wilf was actualy buying, mining for, Black Sands in SL back in 2004/5.
Hope that is of some help.
Dredgemaster
Hi steve, I have no DD to say your opinion is right or wrong with reference to Mr Parent.
If you have any please share even if it is in a PM.
I am not a stocks person but if they say they hqve recieved part of the funding then it must be based on past company results or future predicted results.
GLTY
Dredgemaster
To PM, thanks for the info but as I said not much happens in SL over easter. Will be sat on beach with beachcasters in the sea catching snapper and baracuda. I wont be going up line until after Easter. Need to renew old contacts with ministers and chiefs and am preparing for this November, December start.
You take care and tell your friend to email me anytime.
Dredgemaster
There are two sides to every story.
I agree with Wasoon that an agressive buying of concentrates is the way forward now if the resale price is good. This will save a great deal on running costs. I have said this for a long long time, even before Wasoon started posting.
Consider what you would do if there was no funding comeing into SL and you had wages to pay and wanted to keep opperations going. After a short time it feels like your A$$ has been left blowing in the wind. So you do whatever it takes to keep up the company good will with locals and to try and ensure future trust as you dont break promisses to locals and lose thier respect.
The problems are mounting and the solution is easy, funding.
If the funding is forthcomeing then the problems become opportunities.
GLYA
Dredgemaster
ITS MISDIRECTION (heading).
Sney still has the licences and there is no proof to say otherwise.
Thought even Mr Angry could read that.
Seems it was read differently by someone who has a real insight on how to play with words as he did with my post, THAT WAS ALSO MISDIRECTION. Or misunderstanding.
To assume what I know or do not know about Sney is just that, an assumption.
To misinterperet my post and twist it to make some point that was not stated shows the workings of either a foolish or devious person or perhaps just a bitter person.Or perhaps All three.
I wonder what was big deal in saying that itwas obvious that AMS advised Mr Parent on SL opperations.
Good Luck yo All
Dredgemaster
To PM, if you know anything about SL then you SHOULD know that not much goes on over EASTER.
Dredgemaster
Being on the outside looking in must make it hard, especially when Mr Parent obviously was advised by the previous A. M.S. team and acted with that information. IT'S MISDIRECION.
Sney, still have the licence and there is no proof to say otherwise.
Will be. In S L in three days and will make enquiries.
Remember that opinion is only worth considering when it is given without predudice.
Facts backed up with DD go a long way.
Good luck to all at sney.
Dredgemaster
Many, many, many, years ago while in SL I decided to make one with a few modifications.
Found that in Magburaka diamond mesh is sold in 1 foot by 3 foot length to match in with the standard boards which are 12 inches by 12 feet, two of these being the weight a man can be expected to carry through the bush.
Dredgemaster
I think you laid it out about right.
Not interested on being part of any team as they usualy leave you with your A$$ hanging in the wind. Listen to expert advice from those you trust and make a decision whether it is right or wrong but to stand still is to go backwords.
GLTY
Dredgemaster
It can be VERY EFECTIVE, and is used by all the locals.
They tend to loose some product due to having the boatd set at too jigh an angle and wash very fast. They have learned and now continualy test from end of sluice with head pan and can slow down water and change angle of board.
These boards are used for washing gravel and clay from pits.
GLTY
Dredgemaster
A very reasonable and logical post, but, I would ask the question, did this start as a gold mining venture with REEs as a possible valuable by product or as a Black Sands Mining Company with gold as A byproduct.
Think I will go black sands mining and if I am lucky and my dredge can recover gold then that should be OK as well. Nah, what do I need a dredge for?
GLTY
Dredgemaster
The guy at the back looks like Wilf, cant see under hat for the other.
It is a local made wash board/sluice, made from 12 inch by 12 foot board, diamond mesh with local hessian type sack normaly used for matt under diamond mesh.
Dredgemaster
Dredges are built to recover FREE GOLD from the material dredged from the river.
WHERE IS THE FREE GOLD. No Free gold means the Dredges did not perform.
After All, these dredges were sold as gold recovery units and REEs were the byproduct.
Otherwise, buy some sand pumps and just recover the black sands
Why take off top sluice?Or better still if not going to use it, why pay for it?
Why put dredges in tandem when the team had been in SL for ALL THOSE YEARS AND DONT KNOW WEATHER CONDITIONS AND RIVER CONDITIONS.
How does any one think that the shape of the top board means that the function of gold/diamond dredge is sooooo different.
The only good thing about these dredges is that they are easily portable.
With light dredges like these you sacrifice stability and angle of wash as it is hard to keep the dredge reasonably level, see PR.
That is why I sugested the top sluice be set up on bank and used as a gravity wash as it would be stable angle of about 15/17 degrees for best results.
Gravity recovery systems have been around for a long, long, long time.
The proof of the rice is in the eating and I think something went poto poto here.
Dredgemaster
Hi, AvB, I am still learning on the stocks thing so please excuse me if I get it wrong.
I thought stocks was a risk and reward play if you like.
So options are there to believe what the company and others say and the risk will be greater but is it not so that the reward would be greater also?
If you wait for SEC? and Filings and Financial Statements then the Reward would be smaller as the risk would be smaller?
If my thinking is somewhat right then the number crunchers, the people with Great DD and those in the know will be the early birds in and out.
GLTY Austin, you have been around a long time and have generaly been fair with your posts and I have learned from you.
I dont see problems only opportunities, and I try to live and work by that.
Dredgemaster
Hi, play, not back, stuck in Conakry due to dock strike and transhipment of kit. Hope to have it sorted out Monday and get off to SL.
Sney have the ability, through being established in Magburaka for many years now and also with Mr Tayyib. To buy Dirt, Gold, Diamonds, from Bo to Mongeri, to Yeli, through Magburaka and up to Bumbuna. They can also buy past Matatoka, Makelie, and all the way up to Kono. Support mining of locals and hire of thier kit if not in use by company.
Modification of dredges and use as gravity seperation on LAND and Terrace mining gives diversity.
Long gone is the time of easy money. It takes hard work, dedication, knowledge, contacts and like minded people who can work together and rely on each other.
Working in SL is a 24/7 job if you are taking it serious, if not then you are just haveing a holiday. If not on site then you are sourcing parts, makeing contacts, renewing contacts and looking for further opportunities. Haveing the paper is fine but there is nothing better than haveing the product. They got the paper and they have the product. They need to get it out the ground and to market in a profitable and timely fashion. All too often mining co in SL want to be seen to be big, king of the hill, but softly, softly, catch the monkey.
Be good and may your god look on you with favor.
Dredgemaster
EXACTLY. With the poor performance of the specialy designed dredges which seem to have worked less hours than a 1 legged donkey I wonder how they collected the amount of concentrate stated.
The team in SL may have found out that it was easier and cheaper to BUY the concentrate from locals than to waste fuel and and time on dredges that did not perform.
You are not restricted to the Pampana to buy DIRT and can buy from anywhere as the Chinese have been doing.
I believe Buying was part of the plan stated in the PR.
It is funny how some people get Blinkered and tunnel vision and fail to see a opportunity that has presented its self.
Yes funding is the key but the PR says that is in hand.
Previous events and actions and poor decisions have been a setback for Sney but it is not irreversible.
Dredgemaster
Hi, you say without Pampana Sney has no revenue source, ARE YOU SURE?
Dredgemaster
As stated in my earlier posts, when I met Wilf in 2004 in SL he was selling black sands concentrate.
If in Congo now then I wish him well and safe times ahead.
Dredgemaster
Hi Fangster, opinions given by posters are just that, opinions.
If you have a source YOU TRUST, then it is better than any opinion you will get here.
The board I am sure are gratefull that you share.
Be mindful of sensibilities as you cant please everybody.
I also believe the licence will not be an issue. IMHO.
Dredgemaster
I have the same pain with GBP, droping like a brick and at a 5 year low.
That is why the real money is made in Africa. Only there can you make deals that give you the best return.
The Chinese have got the drop on us but the Africans TRUST the westerner more as they keep thier word.
Its not only in The USA and UK that the tax system is set up so the people with money pay less tax than those who are trying to make money. Work that one out.
SL is a $ cash economy and if you can deal in those peramators then you are a grade above most.
GLTY. Au
Dredgemaster
Need to look at PR, it looks like MoM is pushing for Sney to take out a MINING licence.
This AND Expl Licence will cost more.
Sney have sold product so by thier own actions have admitted mining. SHOULD HAVE SHIPPED BULK SAMPLES.
The act of obtaining Mining Licence gives Sney TIME through negeotiations to pay.
AFRICA TIME.
Dredgemaster
IMHO, sale of end product less cost of extraction/processing =profit. This is the key and I believe the new CEO is focused on exactly that based on his background.
The cost of licences should not be an issue as I dont see Mr Hale going to SL for a holiday.
When Mr Hale, Mr Tayyib, Wilf and the geologist get sat down in SL sort out the best way forward then will be the time for speculation.
Lets face it, a CEO does not have to go to site to know what is happening normaly, he works on NUMBERS AND REPORTS.
I like this hands on, finger on the pulse attitude.
Dredgemaster
To PM, Easter is a great time to be in SL.
Lets see if it works out.
Got a few little dramas of my own with dock strikes and transhipments it looks like I wont get my goods untill 7th. AFRICA TIME. Its not known as Democracy here, more like Demo-Crazy, LOL. Think I should have gone back to Congo.
Dredgemaster
Check out your DD on lease times, 25 years and 3 years.
Terms and conditions.
Government Policy.
Mining Law SL.
I think you may find it is easier and cheaper to mine in SL, especialy Dredge, NOW than in the past due to new legislation.
And if you have a Sierraleonian on board then it will be even less expensive if you know the law and the system.
IMHO..
Dredgemaster
falon, if I read the PR right, then Mr Hale is going back to basics.
On site geologist who will direct opps. This is NEW and should have been done from the start.
Prove up the concession, yes, should have been done by now.
Continue to extract product and sell. 800/1000 ton per month.Revenue.
The man has taken advice and is acting on it.
Just hope he gets a good hammer and boots geologist/minerologist who will do some small pit testing and give indication of terrace mining so that an all year round opp can be established.
It is my opinion that he is a SEEING IS BELIEVING person and I like that.
GLTY
Dredgemaster
Jingo1, I dont think balis post was directed at Africans, at least I hope not. More like at the company and said in frustration.
I confirm what you say and wheather it is land owners, chiefs, the woman doing the brooking, the house boy or the president, they must and should be treated with respect.
Some people on this board may not be aware but Many Chiefs and Paramount Chiefs were educated in Europe, USA, and Russia. I know of one who spent 20 years in Hackney and was and may still be Chief of Bumpeh, and another who spent many years in Germany.
Dredgemaster
To PM, Agree with ALL points. Enough Said.
But if CEO and people on the ground together with a little bit of funding get this going then you better buy a pair of RAYBANS as the future will be very bright. IMHO.
Dredgemaster.
Hi Fangster,sorry for delay but had to get some shut eye.
Therare a few factors that led me to the opinion that prime dredging seasons,time was lost.
The PRs put out buy company stating that the dredges had to be put in tandem which halves your exploration time?
The shiping time which ment that the dredges were deliverd late in the prime dredging season.
The fact that they removed the top sluice told me that the dredges were not being used to process the materials to extract Free gold but rather used as gravel/Sand pumps.
So IMHO no DREDGING has been done at all.
A Dredge is a processing unit and the end result should be free gold extraction and a byproduct of Fine and Flour gold and REEs. These need to be tested to determine if it is viable to invest further to extract the fine and flour gold useing further processing.
Now I dont think I have said anything here that I have not stated in previous posts.
As for samples, that all comes down to trust again. Initial samples have always been sent by myself DHL for testing without a chain of custody, marked SOIL SAMPLES.
The chain of custody is required when an independant has to give actual figures that will be used by the company. Thier reputation is at stake..
Hope have cleared up a few points.
Dredgemaster.
To PM, do as you see fit, it was said on an open board.
As for other company, they have been in trouble for a long time and when the CEO said he was too busy to meet me then I came to my own conclussions and stoped posting.
Dredgemaster
I am sure Mr Hale has his own incentive management skills and does not need my help.
As for SP dont see why he would contact me as I have nothing to offer and neither does he.
Dredgemaster