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That is sad.
Muaythai was definitely a welcome contributor here and clearly one of us Pink Sheet investors.
His knowledge will be sorely missed as will his participation and point of view.
Hopefully we all gained something from his participation here.
eye
Its sad to say that so many of real shareholders concerns are actually well founded.
I think extraction report in July will show significantly less production than even last year which is why I believe they tried to hide and delay releasing it as well as initiate a system where they could continue to hide and delay releasing poor performance for many years to come.
That would be the semi annual extraction report.
The thing is the CC Market is picking up again and Cap and Trade in America is not dead.
Several countries have already planned their own cap and trade system and there is just too too much money involved for the USA to miss out on a Trillion dollar commodity they could be the main drivers of.
I find it realistic that one or more of our dredges could work late into the rainy season and if so there is no reason the upgraded wash plants should not be working with them.
The first piece of equipment we ever placed was a dredge and it began washing gravel and dredging from August onward of that year.
I think we wasted an entire dry season not having that dredge and our mobile wash plants ready to go as soon as the dry season began.
The Extraction report in Mar showed how little was actually done even though we already had equipment at our disposal since last year.
That being said, if the dredge or dredges do work into the rainy season with the upgraded wash plants we could easily produce more gold in the rainy season than we did in the dry season this year.
This could lessen the blow of a lost dry season.
Our second CC Project was supposed to be launched in Sept 2010 and no one knows if it still will.
Those of us stuck will have to wait and see but we don't have to be happy about poor and abusive management practices and decisions.
One thing Crusader is we probably both still see potential here and if the company could actually become a Productive Mining Company or our CC's sell we could actually recoup losses and come out green.
If you are stuck here like I , you really have no choice.
I will give the company some latitude but I am down so much here slamming the company for poor practices, communication and production can't hurt me a whole lot more.
There is serious reasons for concern here but there is also reason for real optimism as well.
What the company accomplishes and communicates from this time forward is going to prompt shareholder enthusiasm or contempt.
eye
Happy 4th of July to you all.
I am not expecting good news on the 15th or we should have already heard it by now.
Running a dredge or two late into the rainy season accompanied by upgraded mobile processors could be a kicker.
This could offset poor mining performance the last dry season.
CC markets could make a difference and unfortunately even the oil spill down south could help rebuild interest in the carbon market.
It has clearly focused attention back on the enviroment.
eye
It appears with the Biomass application we have a different route to raise Revenues from our CC Projects.
Our first and foremost route would be to forward sell our Projects.
PUlp, paper and even charcoal Production could come into play as our Projects grow even without the sale of our CC projects.
Lumber will occur as our Project matures.
The biomass option simply gives us a bit more diversity to reap Revenues from our CC Projects.
At this point I hope our test plantation is doing well and that it is producing additional planting stock all on its own.
eye
Heres an interesting article
http://www.moneycontrol.com/news/business/india-china-seen-partly-outcarbon-mkt-post-2012_466997-1.html
page 2 stipulates buyers are watching Projects in Africa
Babu said buyers are now looking at attractively priced offsets offered in Southeast Asia and Africa.
eye
CC Trading news
http://www.legalbrief.co.za/article.php?story=20100629114708334
too bad its not us
eye
Thx for posting that.
I have always had a feeling biomass was associated with ethanol production.
They can generate ethanol from agri product refuse as well as wood and foliage generated from a CC Project such as ours.
I don't know if that is the extent of biomass but it certainly provides an alternative Revenue source from our CC Projects.
eye
That Market has slowed but is picking up again.
Its certainly where my hopes lie with this company.
Several Nations which we have all identified have initiated or at least planned for their own carbon market shortly.
Of course shortly in this industry could be years.
President Obama has been remarkably quiet about a carbon market in the USA.
It is hard to tell if he is still in favor of one.
I do believe if anyone could pull one off it would be him. It takes him a while in light of Opposition but he generally gets things done he wants to.
SL2 was projected to begin in Sept of 2010.
If the last company Update pans out we will get not only dredging but processing well into the rainy season and our Second CC Project could see the light of day.
Insignificant Revenues from mining Ops with the majority of Revenue coming from dilution is clearly a step back from prior quarterlies.
The last quarterly Report was poor and the extraction Report the middle of July is likely also to be similar.
After that rainy season dredging and Processing mixed with the launch of our second CC Project could redeem a wasted dry season after all.
Correction a mining company with a short production season can not redeem a lost Operating season ( it is lost forever ) but they can offset that loss by extending their Operating season.
I believe the new Copenhagen type conference will take place in Mexico this year.
I believe CC markets will build going into the Mexico Conference as well and if SGCP management is on the ball they will be poised to capitalize on that momentum through their Projects.
eye
The same way they always have sagan, they have announced Projects, Production, equipment acquisition, equipment placement, JV agreements, only to fall into silence and avoidance of those very same developments after there announcements.
This has been done time after time after time.
I would wager dollars to doughnuts they will never even say when if ever they got the dredge and wash plants in Operation they reported in Mar 10.
Pump their Projects and plans then simply avoid them with shareholders when they fall short or have problems.
That is their management style and has been for a long, long time.
The rainy season excuse is a poor one IMHO.
The year before was also an unusually long rainy season but we had a dredge in Operation Aug onward and still processed extractions from it in Dec of that year.
They were severely under prepared for this season and don't want to admit it.
It was poor planning and especially for a primary mining company with a limited production season.
The filings and extraction report in July is designed to stall reporting poor results.
I accept the filings as gospel but know the company stalled and avoided releasing poor results.
In delaying the inevitable they are trying to mask poor performance.
They are not saying why they were so dismally unprepeared for this mining season and a lot more.
eye
The Profit Loss statement from Jan to Mar 2010 shows 25,000.00 in Revenues from Joint Venture Sales.
The Update on the home page shows
UPDATE Through 13 Mar, 2010.
28 oz au were recovered and sold through JV op
26 pcs diamonds were recovered (.2 - 1.45 cts various grades)
The Revenues from the period came from these extractions.
Dilution added 360,000.00 in Revenue for the period. That is just about 15 times more Revenue from dilution than Production.
Anyone thinking the mining Ops are doing well hasn't been following this stock long.
It is obvious management once again performed poorly and tried to hide it.
July's extraction reports will undoubtedly show more of the same IMHO.
I was just reviewing past PRs and it is dismal how little the company has achieved in light of past PRs and announcements.
They continue to underachieve and than proceed to hide those shortfalls and results.
It is getting difficult to believe anything they say.
They need to get their act together and get things done they say they intend to.
They need to communicate that progress with their shareholders and the investment community.
They need to be ready to go the beginning of the dry season, not the end of it.
They need to Promote their company and build on Revenues and extractions, not try to hide it.
They need to build shareholder value, not destroy it.
If they can't do all of those things than they shouldn't project they are first and foremost a Mining Company.
Fortunately they have CC and Agri Projects that could easily exceed mediocre mining results.
The companies Mining Ops are not hopeless but they have serious problems, shortfalls and administrations.
I seriously doubt the company ever got its mobile processors and new dredge working until late this year.
I do think they may be able to Operate well into the rainy season which will help but the company has clearly wasted a dry season for Production.
They should admit it and assume that responsibility and never let it happen again.
eye
If they had good results they would have told us by now.
They have always given frequent extraction results through the dry season in the past and especially as those extractions grew month by month.
Reporting nothing simply goes back to the shareholder avoidance and no tell days of the past that drove this stock into the ground.
There avoidance has always been in light of poor performance, underachievement, machinery not attaining projections, Project problems and delays in placing equipment on time.
All of the past silent periods related directly to one of those developments.
If they had good results and refused to inform shareholders they are not worthy to run a Publicly Traded Company.
It would show utter disdain for shareholders and a complete disregard for their interests.
I expect if the dredge and wash plants ever did get operational it would have been in May or maybe late April and occurred at the end of the dry season.
Fortunately they should be able to Operate well into the rainy season.
Our first placed and Operated dredge was set up in Aug and ran through the rainy season.
Obviously dredges can work in the rain.
I would love to be wrong about Production extractions but would be surprised at significant extractions unless they started to occur after our equipment eventually got working.
Silence and Shareholder avoidance has always worked against shareholders interests with this company in the past.
That may be my opinion but I challenge anyone to prove otherwise.
eye
Well numb you are entitled to your opinion and anything that could recover investors investments would be a welcome sight.
I never said CC's would sell tomorrow. I did say that CC interest has waned due to global financial concerns.
I also have said that the CC market still shows signs of life and several countries are planning their own cap and trade markets.
CC's are certainly not assured success for the company but gold and diamonds has done nothing for the share price since the Pamapana and Hard Rock hype from the company.
If this years mining Operations are indicative of future extractions, it is unlikely mining gold and diamonds will ever have a profound effect on stock price.
We extracted less this year than last year based on the Mar 13th report alone.
I had great expectations for our mining Operations this year but would have settled for even good results.
I never would have expected such dismal extractions, equipment placement and utilization.
Dredges do work in Aug, we have already proven that and ours are going to have to to salvage a wasted dry season.
The biomass aspect has had me thinking. I am still not sure what it is so do not recognize its true potential.
I guess the market will decide how successful the company is but I would not be surprised to see the stock drop moving into summer and quite possibly this week.
I think it will be at least Sept before cap and trade starts building momentum once again.
eye
Thats the best you can do.
but I'm not so tedious, arrogant, or pompous, as to think my little hurt feelings needed to be aired (like an infant with a soiled diaper), at every juncture.
Talk about intellect.
You're like a little kid who has to have the last word.
That post should clearly be deleted but I will give it a bit to see if admin is actually paying attention first.
I'll post what I want and when I want.
If you don't obey the rules you shouldn't be a Mod.
Grow up.
All of my posts are sadly for investors undeniably true.
Try to downplay them or ridicule them if you must, I can understand why you can not deny them or address them intelligently.
It sounds like more of a personal attack than actual intelligent debate or rebuff.
Its a waste of time to drop down to your level.
At second thought why wait for admin to do the right thing.
eye
I can agree with that.
Even die hard longs could recover their losses if SL1 sells.
It would take discovering a vein of pure gold or an immense gem quality diamond that even the company acknowledged as valuable to make our mining enterprises build value for shareholders.
Results have not only been non stellar the company has clearly avoided communicating how poorly our mining ops have been this season.
I expect poor results in July or else we would have known them long ago.
Poor results and another rainy season should afford lower prices to accumulate.
The CC market could change that if it picks up and CC momentum grows again.
I'd be surprised if climate control isn't discussed at the G20 Conference in Toronto.
SL2 was supposed to be developed in Sept 2010. If it happens it may create enough positive momentum to drive the stock higher despite dismal mining operations this year.
Money can definitely be made here but the stock can still drop significantly from current prices.
If SL1 ever sells it should have an immediate and profound upward effect on stock price.
The test plot must still be growing and should not be effected by global financial concerns.
Gold could easily top 5000.00 per ounce in a year or two.
Too bad we have such little to sell.
eye
You shouldn't repeat yourself your intellect is starting to shine through.
At least there is substance to my posts.
If newbies or flippers don't care about losses of longs why should we care who has free shares?
Management has decimated our investment and I fully intend to tell it like it is as often as I choose.
I have no intention of taking it silently for years on end.
If you don't like it put me on ignore.
At least I have truth to post instead of worthless innuendo and baseless denial so commonly shared here.
You need to invest more time in defending poor performance than in attacking true and legitimate shortfalls and concerns.
I must admit, defending poor performance would be a much harder task.
eye
Meant every word of it but my investment in SGCP has been far more beneficial for the people of SL than it has been for me.
I have always posted the truth whether pumpers or bashers agree or not.
Investors have been making excuses for poor management here for years and I have been one of them.
I refuse to do it any more and will most definitely speak my mind.
I have always been long on this stock and will hold it long after flippers have their fun.
Its taken a lot of failures, mismanagement, poor performance and dilution to drive the stock price down to current prices and I will not hesitate to post and show those events as I already have.
You can't promote a stock that won't promote itself and poor performance will become apparent no matter how much management tries to hide it.
eye
Anyone thats held on this long isn't going to dump now.
Cc's still offer a slim opportunity of success.
If you can't handle the truth it isn't my problem.
eye
Going from monthly extraction reports in the dry season ( which has been done ever since the first gold extractions at the Pampana River ) to semi annual extraction reports in the dry season is clearly going backwards.
Communications took a severe backward setback no matter who wants to justify it.
Placing their first dredge on time and operating it from Aug forward of that year is progress.
Not placing the same dredge and wash plants already in the the country until well after Mar 13th is also clearly going backwards. We already had been shown that same dredge was capable of Operating in the rainy season.
Failing to announce if they ever did get Operational is also going back to the hush and no speak era of the past.
The Operator was to get maximum value out of the machinery. Training was never supposed to be his main focus.
The purpose of getting him in the first place was to maximize efficiency out of our equipment. It wasn't to train other Operators.
There is nothing even to indicate when of if he actually got that equipment running let alone training anyone.
I expect a self proclaimed Junior Miner to have its equipment in place at the beginning of a Short and limited Operating season, not the end of it.
I expect progress not regression and I do expect management to build value for its shareholders.
If you expect otherwise than its not me that missed the bus.
The company has clearly regressed in its mining Ops which is supposed to be our Primary focus.
You can make excuses for them if you like but they have had plenty of time to get the job done and it is mismanagement that has driven the stock down so low to begin with.
By the way .0015 may be what you paid and the current trading price but management has destroyed shareholder value since the stock price was far higher than that.
I have no intention of being happy or silent about it.
eye
Progression with the Carbon Projects and the Carbon Market carried the stock right through the Spike.
The CDM Document was prepared and released. The Carbon Market and Cap and Trade drew huge attention right up to and through the Copenhagen Conference.
The stock spike was clearly and solely because of our Carbon Credit activities.
Our mining ops were in the midst of the rainy season and dormant.
They had nothing to do with the stock spike whatsoever.
Our SL1 CC project is ready to sell but other global concerns has pushed the interest in Carbon down considerably.
It is once again showing signs of life and more than a few countries have taken steps to develop that market.
It is my opinion after owning and following this stock for years that the spike last year was totally CC Project based.
Everyone is entitled to their Opinion so you can all think what you want to.
The company has gone backwards in its mining endeavors, not forwards.
This years reports and procedures has made that abundantly clear.
They had two wash plants and at least one dredge that they couldn't even get into operation until well after the March 13th extraction report.
Chances are they probably never did get going which means an entire dry season was wasted no matter what anyone says IMHO.
The extraction results we all await for in mid July can not be good.
The company has always withheld poor performance and equipment delays.
That has never changed.
At least they used to do extraction results every month during the dry season as they should.
By committing to semi annual extraction results they have multiplied poor communications far worse than communications have ever been even in the past.
That means John has had a negative impact on communications which was so highly vaulted as one of his biggest concerns when he was appointed the job in the first place.
For the objective consider great extraction reports withheld.
If in fact they have good or phenomenal extraction results to release in mid July they missed a gigantic opportunity to build shareholder value as momentum grew in anticipation of extraction news after the Mar 13th report that inferred the starting of our most recent dredge with enhanced wash plants.
If they had good results and refused to report it they are intent on destroying shareholder value and are completely unqualified to run a publicly Traded Corporation which is supposed to build value for its shareholders.
Their silence and shareholder avoidance tells the same story it always has.
I have little doubt the delays incurred wasted an entire dry season and only hope to salvage it whatsoever is to keep production going deep into the year.
The first dredge and only equipment ever placed on time was in Operation from Aug which resulted in actual production in Dec of the same year.
Anyone expecting stellar extractions this year hasn't been watching this company long.
If CC's don't sell this company will be lucky to hold current prices.
If summer Operations continue and extractions occur we could possibly even see a slight increase in share price but apparently we wouldn't know that till Dec.
Poor results in July will provide plenty of opportunity to average down.
This could be delayed by rainy season gold production but unlikely if no one is given details until Dec.
eye
Well that is somewhat promising at least.
There still is no indication of any extractions for the last 3 months but we will know for sure July 15th.
It can't be good or we would have heard it by now.
It is extremely good they plan on dredging deep into the rainy season though.
That is at least a good step in the right direction.
If the dredge that passed inspections is the one that was supposed to start operating shortly after the Mar 13th extractions it is typical why we have been given no update.
If they do get it running perhaps this season could be salvaged after all.
Time is running out for this season.
eye
We certainly could use some good news and extraction results but in abscence of that the price has held up fairly well.
It will be dificult to regain the momentum that was lost from the shareholder bomb Update but it is not impossible.
With no news the best we can likely do is hold current price.
It would be nice to see some good news come out of this entire dry season otherwise the whole season was wasted.
eye
Universal monetary concerns and nations struggling to rise from recession have taken priority over carbon reduction and CC sales.
The CC market has ebbed considerably since Copenhagen last year.
Countries are starting to balk at the huge cost of carbon reduction efforts in light of other huge economic conditions.
That being said as I have posted links, several countries are planning their own carbon trading platforms and one country was paid over a billion in a plan to preserve its forests if memory serves correctly.
The carbon market will rekindle.
Our test plot continues to grow and those trees may also be sending out new shoots that can be planted to expand our CC Project.
Ideally a forward sale of a CC project funds the entire project and purchases the CC to be produced from that Project.
If the company can slowly expand the curent CC Project without funding, by the time those trees are mature the entire Revenues from the sale remaining will become Revenues that can be used to administrate the project and used in other applications of SGCP including the purchase of additional mining equipment.
There has to be a buyer for the project to sell. If there isn't one at the moment there is no need to panic.
The trees are continuing to grow and the CC Project can continue to develop without the sale of our CC's.
It will just progress slower at the moment but will start to put us miles ahead when it comes time to manage our larger Projects.
We will already know growth rates, soil prep, yields and a lot more just from managing the first test plot.
The sooner SL1 sells the better but it may take a while yet.
eye
We are all entitled to our opinions.
I have no problem you posting yours and don't need your permission to post mine.
I know my reasons, don't goad me or I will post them all.
Incidently, I have received a lot of support and encouragement both on the forum and in private messages.
Maybe flippers, newbies and averaged down longs want the negativity to end but those of us who have had our value driven down by silence, avoidance, underachieved targets, abandoned profitable ventures and a whole lot more are tired of biting our lip while history and this management repeats itself.
I will not sit idly by if they choose to do it again.
If the company doesn't start building value for its shareholders and start acting like a Junior Miner whos main focus is mining, I will be posting my opinions more often.
I have certainly done my job to promote this stock here and elsewhere, which is more than I can say for the company itself and I will criticize them if I think it is due.
You can read between lines if you like but the silence following the Mar 13th extractions speaks volumes as did the Update that spawned the negativity.
I do know that before any negativity arose from the shareholder bomb, there was absolutely no intention to release any extraction results more than twice a year.
That was undeniably poor communications getting worse no matter what anyone says IMHO.
That is clearly not how a legitamate Junior Miner would act.
I have been in this stock long enough to read the fine print.
John may have tried to appease the masses but he made no promises or gave any explanation why he chose to decimate shareholder value that way.
Based on past practices it doesn't take rocket science to figure out why.
By the way, SGCP not meeting my expectations this half, the first quarter is long past is only the latest part of the problem.
If the company met anyones expectations in the first or second quarter than they have very poor expectations IMHO.
Yes I do expect much more than that.
Enough said for now.
eye
Read carefully B4.
It doesn't say we will get more frequent Updates but it does infer we will.
It doesn't say why they refused to tell us extraction numbers through the dry season as they have in times past.
Do not forget they were to place our new dredge and Operator with upgraded wash plants shortly after the Mar 13th extraction Report came out.
Why would they announce that and then refuse to follow it up?
No wonder there was negativity.
At least his FR shows he was listening to at least some shareholders and thats a good thing.
IMHO nothing less than monthly extraction Reports is reasonable and especially with a notably short dry season.
We need to know what is going on in the dry season regularly. Thats the time we are supposed to make hay so to speak.
Avoidance and silence during that time is going to bring significant negativity as long as it continues.
John does need a chance to settle in again but he is not ignorant of past communication abuses.
That was one of his initial pushes that got him his current job in the first place.
I will cut him some slack for the moment but he should be doing far more in communicating with shareholders and Promoting the company.
We really did miss an awesome momentum opportunity to build shareholder value.
Any increase in share price would have also minimized future dilution.
eye
FaCTS ARE WHERE YOU FIND THEM. I don't need you to find mine.
Sorry for caps just not retyping.
I will give praise to the company when do but I will not ignore bad management or actions by the same.
I have and will continue to focus on shareholder value.
At least I make sense.
You say there is going to be more dilution and more debt.
If there is dilution it is used to pay debt.
The company has not only SL! it has two more CC Projects each bigger than the last.
We were supposed to see the development of SL2 in Sept of this year.
CC markets have already started picking up again and numerous countries have started or are planning their own carbon markets.
eye
I have explained why I have had concerns and what I have not only seen but lived through.
Good Junior miners do file quarterlies but it doesn't stop them from releasing info and lab results before the quarterlies are due.
I can appreciate any improvement in communications.
I still think we need extraction reports if not monthly than at least every 6 weeks as the dry season progresses.
John may require time to prove himself but is in no way a newbie. He knows the dismal communications of the past drove the stock price down and was one ot the topics I discussed with him.
The company does need to build production and extractions at this point.
WE started way to late this year and still don't know if production increased after the Mar 13th extraction release.
We really needed this to be a banner year of extractions and expansion.
Perhaps we are making gains but we are going to have to do a whole lot better to become a legitamate Junior Miner.
I think the CC projects give us a completly differant fork than mining but can be even far better than mining.
Truth is it gives us depth and diversafication.
Farming is good for the people of SL and as you have shared can eventually become lucrative itself.
I will take improvements any day and can give credit when credit is due.
I do believe it is time to look for some positives but it would help if management brought some to us and redeemed this dry season.
From this point on I will try to be more upbeat or I will hold my tongue unless I am goaded or the comapny does something damaging to shareholders.
eye
The stock has gone up as extractions increase and Production has been announced. It builds in the dry season based on Production and extractions after those results have been announced and as the dry season advances.
It goes down in the rainy season when no Production is announced.
The differance last Sept was the announcement of the CC Project.
CC's were a hot topic from Sept till the end of last year and waned as Copenhagen was unsuccessful in climate change aggreements.
Momentum built significantly based on CC expectations. The CDM application was completed well after the CC project was announced.
It has always gone up with Production news from the time of the first extractions of gold in the Pampana area.
The stock plummeted as the very things the company had hyped and PR'd were abandoned and rarely mentioned again.
Deep communication droughts and shareholder avoidance sent this stock reeling.
That is another reason I became quite vocal. I have seen these things happen with this stock before and history was threatening to repeat itself once again.
It was dismal communications and shareholder avoidance that drove the stock down into the .000's
That massive drop multiplied the dilution required to raise Capital.
If the company had followed up on the very Projects it had hyped or if the company tripled extractions at the Pamapana River like they said they were going to the stock would have hit and maintained new highs.
As it was they announced huge expansion ( from 1 kg per month to 3 kg per month ) and then just dropped the subject completely with no explanation whatsoever.
Those extraction results were from picks and shovels without any machinery at all and they were recurring month to month.
With all the machinery we have aquired we have still not not matched those numbers with all our new sites and equipment combined.
They did the same thing with the second delivery date for the mobile processors and the hard rock formation project.
After significant hype they just dropped those Projects like a large rock in a big lake.
The stock went down with extremely poor communications and follow up of announced Projects.
It went up with extraction results and increased extraction reports.
Any good chart will show that correlation clearly.
It was happening long before John even became a part of the company.
The charts don't show why the stock price was driven down.
Silence and avoidance was not golden, it was extremely costly for many of us and anyone that denies that is just plain lying.
Which is another reason I made such a big stink.
The company has claimed before they would take part in no death spiral financing.
Perhaps they won't but at the same time they were saying they would not dilute the stock and that clearly changed.
They did aquire equipment with that dilution but as yet none of our equipment has met the company's own projections or expectations.
We took a big step back after Pampana and the hard rock abandonement but we did get new sites that clearly are slow to develop or are simply falling short of expectations.
Cork may not like me cutting and pasting but the company's past PR'S show the hype and silence following announced Projects and results.
Silence and withheld info has decimated this stock on much more than just one occasion.
eye
eye
If the company needs financing they should be Reporting as much Recurring Revenues as possible and as often as they can.
Recurring Revenues is the most basic and probably the most important ingredient in raising Capital.
There are other leading ingredients for raising Capital but Revenues is by far the most important.
eye
A real legitamate Junior Miner would put out extraction results monthly.
It allows shareholders to see
- efficiencies generated
- increased production
- equipment output ( is our equipment meeting expectations & yields )
- richness of claims
- Recurring Revenues ( Huge in Pinky Land )
- sufficient Revenues to cover expenses
- expansion
- how about just to build momentum and value
and essentially shareholder appreciation.
Those are all key aspects investors and shareholders should want to know.
Especially with an extremely short mining season.
They just announced a new dredge, Operator and upgraded wash plants coming on line shortly after Mar 13th.
Common sense dictates they should follow up on their own PR's and Updates.
Any Junior Miners having begun Production commonly report Production numbers unless they have something to hide as is not unususal.
Generally they use that info to Promote their company and or to raise Capital.
We wouldn't have to speculate on the release of Production Numbers if they just did it every month.
They have done it in the past without any trouble.
eye
You got two of three. Dilution is also a big enemy but a necessarry evil.
If value is created by it it is not nearly so bad.
Dilution to cover Operating Expenses is common n the Pinks and adds no value.
At least we have obtained some equipment by it so it could be worse.
Better communications in the past would have lessened the blow significantly though.
There has been to much hype followed by lengthy and dismal silences in the past.
If they would learn to build on momentum any future dilution would be less severe.
eye
You just contradicted yorself.
If they had 28 ounces Mar 13th are you suggesting they quit Production after that?
They had just announced starting up the new dredge complete with Operator and Upgraded wash Plants.
Even if they did not get going on schedule the Alluvial sites that produced the 28 ounces wouldn't stop.
Those villiagers still need work and need to eat.
I expect there were delays with the dredge and wash plants which accounts for the silence and avoidance, but the alluvial Operations could have actually increased.
eye
Couldn't blame him for not answering those type for sure.
I can easily see why people have been concerned.
eye
Although that is encouraging it still falls short of Monthly extraction Reports which are ideal no matter what anyone says otherwise.
It doesn't say we won't get monthly extraction reports either.
It does suggest more frequent Reports though which is a good thing if he does make good on his claim.
At least his Update was a positive sign for now and we could use a few.
eye
So what are you saying. Only shareholders who have the time to talk to John are valued?
Now thats funny.
I don't care who got through to him but obviously chatter does.
Silence does nothing.
Every shareholder should be valued whether they are recognized by John, Doug or even you Bike.
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I am extremely pleased with that response but if no one had said anything we would have got no response whatsoever.
It simply shows me I had the right idea in the first place.
Time will tell what we will be told but it is important to note that management will listen to concentrated concerns.
It is just a ray of hope to see they may actually be listening to their shareholders.
The truth is that six month extraction reports was out of touch with reality and investors.
This is a good step in the right direction but we still need to see what becomes of it.
This company has been excellant for the people of SL and the local chiefdoms, I hope and think it is time it became at least as good for its shareholders as well.
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Good find Bike, obviously the chatter had an impact.
Silence would have gotten us nothing.
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I think part of the driving force for my negativity is that I truly believe that the only thing that will get management to reconsider dismal shareholder communications is negativity.
They need the feedback even if they don't want to hear it.
I know being silent and biting my lip hasn't accomplished a thing over the years.
Its pretty easy to see when shareholders were being avoided.
If we contuniue to embrace minimal crucial info and consign ourselves to six month intervals of crucial info we should be hearing monthly, it is going to get worse.
Two month silences to six months lapses is already notably worse.
Previously we only lapsed into several month lapses of silence. The new Update sets the stage for six month or longer stretches without key pertinent info.
If management does not hear the negativity it can get far worse.
I can rest easy knowing I did my part to give them a wake up call.
If we are to be a real Junior Miner than I want us to be a first class one.
To me that means that all stakeholders will profit from the business including people and local chiefdoms in SL, Partners and not in the least the actual shareholders and lenders we may require.
A first class Junior Miner will be well prepared, will get the job done and will be well intentioned to all its stakeholders.
WE have a long way to go to get there but we are showing slight progress and things could still turn for the good dramatically if things ever fall into place.
To each his own.
I have been long on this stock for a long time and will be here well after many have flipped for profit.
I would not be opposed to buying to average down if cash was available but there will be plenty of buying ops going forward until the company does get its act together.
If they ever do flippers could wonder why they ever flipped so cheap.
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I will back off a while if I am not goaded and I will try to shoot an email off to John in a couple of weeks.
I still say silence gets us no where but poorer communications.
To broker piece I will relent unless the company does something else stupid like the last Update.
For now I would like to see what extractions they will actually release in July.
Quarterly reports could be out sooner and Revenues reported on Financial Statements should tell us something which means we may glean info before the middle of July.
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I'm a little busy now and don't get home till late.
I may try again once I get caught up on some things.
I was considering lightening up a bit till I was harrassed by Private messages from a certain individual who should know better than to goad me lol.
If someone wants to get ignorant about it than they deserve what they get back.
Anyone that gets into this stock long enough is going to realize that just taking things silently gets you no where.
I been there and done that for a long time.
It just encourages management to keep shareholders in the dark and ignore them. It encourages poor shareholder communications which is exactly what the company is trying to do.
In fact management actually critizises shareholders from voicing their concerns or wanting info any Junior Miner freely offers its shareholders.
I have talked to John before and to tell you the truth was not that impressed.
We were talking about the mobile processors arrival and how long it would take to clear customs.
They went directly to storage and were not heard about for several months even though they cleared customs days after our convo.
Same old story. Avoidance and key info withheld.
I was not snarky and certainly not impatient as anyone that waited for the delivery of the mobile processors had to be.
They suffered several delays.
Silence in general is only going to amplify the problem and increase the communication gap between management and shareholders as it already has.
Management should be communicating with all their shareholders as a matter of business.
If they don't it is going to create new problems and amplify old ones.
Anyway if you want me to back off don't challenge me or goad me or there is a lot more I could say to show the reason for my disapointment.
I have commented on some positive aspects as well but it remains only potential unless management can get things done.
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Hey cork been away for the day.
What was that you wanted to hear again?
Just because you are averaged in low doesn't mean everyone is.
For those that aern't the only way they can even break even is for the company to get things done and build value for shareholders.
Avoiding them and holding back key info isn't going to do it.
Remaining silent might help flippers and longs like yourself but letting the company avoid issues and ignore shareholders isn't going to help the rest of us.
If you want to get ignorant do what you must.
I can hold my ground if you insist as you know.
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