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That's such old news as you should know for as long as you've been on the board. My question is why you haven't gone to SNEY and gotten us some information since you live right down the vlock from its headquarters. Seems like you could actually visit SP instead of having to rely on the phone.
Yeah. But he has to get past Darktrader and his .003's first, and that will be damned hard to do even though it appears to be haeded in a contrary direction. Looks like we need to be checking the Edgar every fifteen minutes beginning at 7:00 CST tomorrow morning.
But we still have to bear in mind the dreaded deathcross. I'm still wondering how its hanging. Maybe Cheeps can enlighten us some more.
Peeps are starting to think reports will be coming out and movement is inching up in response. Last time this happened certain people on the board started accusing SNEY of leaking information to favorites. But something is coming. I still say within 7 business days. Just a guess and the last time I did a ten day countdown I was way off. Fired my informant. SNEY is diligently working and everyday means more gold.
Now that is sarcasm with a touch of truth. The Rangers are not going to run the board, though they will prevail. Sorry, my friend, but the Rangers will rule. Rumors are (and I am starting it now) that Pujols will be a Ranger next year. Maybe Berkman too. We could bet a thousand shares of SNEY on the series, payable when SNEY is at $1.00 a share.
I was being sarcastic and ironic. You keep on ANALizing all you want. A lot of board members appreciate your good efforts at educating them and the particular type of due diligence that you bring should bring them something to ruminate on. As far as stock caps and shares outstanding, they are what they are, and all the talking in the world ain't going to change it. I judst threw in the SAEI comment to stir things up. I got in that early being the idiot I am and stayed in until the fifth richest guy in Russia was going to buy the company. My funds settled the day before trading was suspended. I strutted like a peacock. If I had held another day, I would have been a plucked chicken. Such are the vagaries of fortune. As to SNEY, some on this board have done more than insinuate that it is a sham. Heck some have bashed the principals saying that we should check their criminal histories and past legal actions aginst them. A lot of us who have been here about a year had those discussions long ago. But in keeping with the fowl metaphors, I don't mean to ruffle your feathers. There is nothing wrong with being a show-me type person. And you certainly shouldn't make investment decisions based on what anyone on this board says.
I second that. And besides,he said that SP has no aptitude for the markets. Aptitude? SP has no attitude about the markets. He could care less about the market, but to state he has no aptitude is just a careless guess. Market cap? He wants to treat this as some Microsoft in one breath and consider it a pinky in the other. I was in SAEI (God knows what the market cap was) when it went from .042 to 1.06 in two weeks. No one talked about market cap. It was all about perceived opportunities based on scam PRs. If comprable factual PRs come out, this thing could blow up big. 2 years? laughable. If this is for real, we'll make some really good money. I hear the rains are still coming strong. Any comment on that Dredge?
Dredge: I think you know where we both come from: the operations side. It's necessary to get the money to do what we need to do to get the product out. But the fun is in doing the job, getting our hands dirty and then kicking back in the pub. Buying stock down here in the pits is a bit of a challenge, but get me where we can assess the job and then get to it. That's the fun. And heartache. But you bet, the better the reward, the greater the risk. But always, we got to do our due diligence and find those we can trust. Trust is always the biggest factor. Then comes luck. We can have all the brains and hard work and still lose if lady luck balks.
Now you are starting to get it. That is exactly right. We are paying their freight. They are not married to us. They owe a certain amount of disclosure and they really have done so. They are not required to open their books to us. They are not required to tell us anything about their daily operations. They have certain filing requirements in order to get where they want to get, and they have let us know that they are working on them. What I really don't undestand is why you continue to compain to us. Why waste my time with your problems when you could be sending certified notices to SNEY about any legal intentions you might have, or if you have none, send annoying letters to them. For those who sypport you, get them to join in on your correspondence. Why vent here when you have nothing constructive to say. We all know SNEY is doing it SNEY's way, not ours. If you can do better, go form a gold mining company and get a claim.
Pure Vegas gamble. Hardly. I just bought another million shares. Actually, it was parceled out as two buys, one for 980,000 and one for 20,000. Now granted, I can do this without worrying, but I do not throw good money after bad. This stock is as solid as it can get for a startup gold mining outfit. Now if I am buying your shares because you don't have many left, then that is too bad. If a MM is selling to me, then it made money and I will too, but if someone was scared off by the whiners and dumpers, then too bad. I'm here to make money and so far I am down. Everytime this stock swings .0001 point, I make or lose $3700. Wheeee. Up a penny. Wow. Now if it will just go to .004 like TR wants and I'll get another 5 million shares. Cause when this pops, I'm done working for a living.
Voicing one's opinion has as much influence on management as a flea's bite on an elephant's ass. You have got to be kidding. SNEY has correctly filed your complaints in File-13 (trash can)probably unread and disregarded. The only ones interested in those kinds of opinions are those whose agendas coincide with yours. Everyone on this board knows who is really invested in SNEy, those who are trying to short or flip it, and those who got in it without doing their DD. Those who got in at >015 and higher got in during the run-up and for those reasons. They weren't following it in the months before and were trying to take advantage of the run. They just neglected to sell when it started back down and rather than cut their losses held as it kept going down. Those who did their DD are much more understanding because they know what they have. There are about twenty or so board members whose opinions I really value. The rest fall into the File-13 category and I usually give them about one second's notice. I read them because I have read every single post on this board, but if you want to criticize management because you hold a few shares and thus feel you are entitled, do so, but know management does not read your posts and could care less. It gets its free pass anyway no matter how loud you scream. Good luck on your communication skills. Maybe you willl affect changes in company policy. NOT!
Meets the time criteria of my educated ten-day guess. Still have nine business days to go. Like I said, there is this gut feeling that we'll be cranking on all cylinders before long. And for all of the crybabies, know that if this starts popping soon, it will be so much faster than we have any right to expect. These start-ups have no business making money in less than two years, and as Dredge said, this has been going on only sine April. The only thing that will hold the pps down will be investor psychology, not lack of production. Even when the 10K is filed, there won't be a big run-up. Everyone here is blaming the lack of momentum on the lack of filings. But the last time filings were made, no MOMO was generated. Investors have to buy for the right reasons. And that is not to flip, but to hold. .018 will be .18 in a year or two. What's a 1000% gain in a year? Better than a CD I expect.
Have no info from the company and my answer was just a best guess answer. But this is the time when I really expected the information gap to start narrowing. It will never be up to our standards, but the company will start answering some questions. I think investors have been way too unrealistic in their expectations. One reason things aren't moving here is because there are a lot of silent longs who are quitely accumulating and aren't complaining because they have done their due diligence. And there are those who are dumping on the stock so that they can accumulate too. I would bet Trader has a lot in this stock and the cheaper he can accumulate, the better he likes it. There is no con going on here and those who are savy know it. Like I kepp saying, we are just betting that the production will offset the costs which I suspect are high. I do know that equipment is there and that there is not only production, but processing. How much? Can't find out, whic I suspect means there is a tight lid on it. I can't wait for the news.
No I'm not. I know who the holders are. LOL And I think we are going to have a lot of fun. Expect filings in the next ten business days. And complete filings by the end of the third quarter. Now I am starting to get optimistic, and I am still accumulating shares a little at a time.
Only the Fang has more than me. ANd with my club, I think we could take over this company if we get together. LOL
You really know who is who in this stock after a year on this board. And the ones who have the most to lose are the ones who remain stoic and at peace. Those who have 30,000 - 150,000 shares do the most squawking and have nothing better to do than piss on management because they feel it mislead them (how? By not posting?) into putting in a few hundred dollars. We all would like more information and in a timely manner, but then my kids want bubblegum and candy all the time too. What we need is a good ass-kicking contest. Hell, magnums can be brought too. That'll clear the air. By the way moderator, this is about SNEY so quit deleting my posts. It's germain to the psychology of certain investors and if they can point the way for us, allow us to do the same for them.
You sound like my daughter and my son. He's in at 1.5 and she's in at 2.3. And they bitch all day long. I wonder if they will be bitching when this is at $.25. And it could. You have a legitimate gripe only if you sell. If it's 85% down, you might as well go for 95%. No big deal. It will come back stronger than ever. If it does, please show mercy to the pumpers and dumpers and le them out of jail early. One other thing. Your beef's legitamate. My kids don't have a beef, because I told them I would cover their losses.
No one said I was a savvy trader. I let my portfolio managers manage my real stuff. I just dabble in a few areas like mining, oil & gas, and some hi-tech areas. On the whole I find it fun, especially in who I meet and what I learn. From the first, I have always said unless you are prepared to lose big you have no reason to be playing in the pennies. As a living, I run my own company and have no shareholders and do not have to worry about anything other than to do what I do. And no one said I lost $75,000. I said I was down that, but that was before I saw the price drop today. It is considerably more now. But again being down as nothing. As Risk always says, you haven't lost or made money until you sell it. I have stock in a company in which I bought one million shares. It got reversed twice and now it is a fine whopping 182 shares with a total value of 32 cents, up from 27 cents yesterday. I hate seeing it in my trading portfolio, but I don't want to spend the $7.00 commission to make it go away. LOL. Nothing savvy about me, except I did learn to do my DD. And SNEY is a good company that has a better than 50/50 chance of success. If I lose my investment which is in the mid 6 figures now, I'll let you know. If I make money, I won't crow, but I will be willing to go to dinner with my rowdy long gritty friends anytime they want.
You missed my point. If I were day trading as I do in other stocks, had I listened to and heeded you, I would have made a ton of money. As it is, I will make a lot of money and though I am down a large amount now, there is no doubt in my mind that it is a tiny drop compared to what I think I will be making within the next six months. My plan is to accumulate and hold for several reasons. Not quite married to it, but nothing has changed except other investor's attitudes. The company is real. Whether it has the financial legs to carry out its aims is still the big unknown, but that is what we gamble on in stocks like this. I am betting it will persevere. And knowing you, you will probably be in this stock soon, because it is now in the area you like and your investment for a lot of shares is now minimal. And you know the charts will go out the window once this company becomes fully disclosing. I don't agree with others that you have dumped on it to drive it down. I think you were accurate, and if you get in, you will do so believing it will do as you think it will following your charts. But these trands have been based on low volumes as the big holders still cling to their shares knowing what's coming. Where it is now means absolutely nothing. We're just treading water waiting for news. When this goes bust, then we know the shares are worth about .0001. Or if it goes strataspheric, the sky is the limit. One way or the other, we all make money if it survives.
All that I will say is what I've said before. SNEY has more tonnage than ever. It is processing and selling gold. It is operating at a productive level and generating cash flow. I cannot verify numbers and believe me I am trying. Equipment is on site and is being used. And there is a lot of manpower. Looks like there is a lot of training going on. I can't verify anything in Ghana yet, but SL looks to be doing well. Just need some financials and some reports from the company.
God I hate responsing to you and I wish others wouldn't either becuse it just encourages you to keep posting. If we ignored you, I'm sure you woud go away, but assuming this post doesn't get deleted just let me say that I have taken advantage of this downward trend to average down. I stand at a $75,000 loss right now, but just a microturnup and I will be way ahead, and the turnpu will be coming. I can still laugh at you because you will never be in my league. So gloat. When you sink I will still be afloat.
I'm a bit curious. Anybody on this board know how difficult it is to drill in the Monterey Shale? Know what the daily production is on one well? I would think this is going to be a bit slow on the payoff. Just curious on why everyone thinks this is going to fly even if this well is ever completed (as opposed to being drilled).
You going to pump this, then dump it Cheeps?
I agree with everything you have said. I really don't care about the financials either. They have no obligation to put out financials unless they are serious about uplisting. And I agree, the company should start giving us a lot of specific information on what is going on, specifically in SL as that is where they have undergone the majority of operations. We do need to know about particulars and it should come on a periodic basis. Biweekly would be fine by me, but we do need to know the current state of affairs. They have the CE, and it doen't make any difference whether they do anymore PRs or not. What is the worse that can happen? It can't drive the stock down much further without ruining credibility. By the way, I haven't changed my attitude. I've given SNEY the room I thought it needed during the exploratory stages as there isn't a lot that we need to know. But now that there is production, we need to know what and how much is being produced. Time for an accounting.
There is no production that we know of other than what has officially been reported (forty tons of black sands). There have been no financials filed. So what? When things are ready to be filed or reported, I assume they will be done. Not one minute before. Meanwhile if that is all that you have hinged your investment on, I am sorry. You almost make me want to divulge some of my contacts that have nothing to do with the company that can give you some information (relevant too), that would make you feel a whole lot better. But that cost me hard money and lots of time. It just shows me you have not done your due diligence. In that case, I really can see why you are so concerned.
I really don't care about how people perceive this company. I don't care whether you make or lose money. You can complain about the management practices of this company in hopes that they will listen. Believe me, they could care less about your complaints and how they are perceived. There are probably idiots on this board, and they would be the idiots that made investments in SNEY based on what was said on this board. They would be the ones who were "mislead." You have got to be kidding. If you have a problem, why vent it on the board? Write SNEY. Call SNEY. Have your attorney draft something. I mean why make us have to read or skip over the same old crap? We are in the same boat. The only difference is some of us got in the boat knowing the company's history of being late in just about everything it does. There is nothing to disagree on. You should just realize and accept the fact that your justified (and I mean they are justified) expectations will not be met, and when they are met, they will not be fully (maybe even remotely) fulfilled. There are those who will carp until Hell freezes over and no one will ever satisfy them. Again, there is nothing wrong with that, but we are dealing with a startup third world mining company from Timbukto (or SL), so deal with it. If you lose money, too bad. If I lose money, too bad. But don't expect to make a lot of money today. It is down the road if you choose to stay. If not, there are a lot of hungry stocks out there waiting for your money.
Need Falon to send in one of his excellent rebuttals wherein he shows how everything is going on as it should.
What is with all this beating a dead horse over the head crap? Aren't there other boards that people can go to to vent their frustrations? There is more carping going on here than in a river. This company has not changed in the 18 months I've been following it. There are a lot of different board followers that came in at different times and all for what was perceived as an easy way to make money. But this stock has had a lot of ups and downs and its all-time high was a year ago. That should tell you something. And look at the PRs that say 12 dredges would soon be coming and that at the first of the year things would be popping (that would be this past January). That was a year ago. You all act as though management has ambushed you. If there is one thing that can be said about Sney, it is very consistent in how it conveys information. Live with it or get out. I'm not in it because of what it says might or might not happen. I'm here because the potential is still there as I see it. It won't rise or fall on what the better posters state or don't state. And as I've said all along, management doesn't give one big rat's ass what you or I think. It is doing its best to mine gold.
And what did he say?
I hope that isn't the kiss of death Cheeps. When you come to the party, I begin to worry. LOL
Of the people on this board, you provide the most valuable informtion, bar none. Thanks
Thank you for your comments. Always thoughtful and I do learn.
I guess my advice is to sell and go somewhere else where your expectations can be met. Having been on the management side of a similar business, all that I can say is the last thing on my mind would be how investors view the company. If you want professional, go to a blue-chip company. If you want daily hand-holding, talk to Microsoft or Apple. This company put out stock to get money to run operations. They got it. They will do what it takes to run operations. Whether they provide us with information that will encourage us to buy and sell against each other is irrelevant to them. So long as they are producing gold and making money, they ar ehappy. If they do it well enough and if they get their financials done and filed, and if they communicate it properly, then so much the better.
I kind of like the stock to be where it is because I am a L____O___N____G. That means I like buying a million shares for .0001 (that is $100), and then hold them as long as it takes. I don't want to have passed over a stock (that I have fully researched) at .0001 only to buy in at 0.2500 (for $250,000). And that may take a year. Everyone on this board is miffed because they have a penny stock mentality. These are supposed to be volatile. Make a few thousand on day trading or hold a month or two and go to the next stock. This company is not being obediant to penny stock expectations. It's not promoting itself like a penny should. It should be letting us know when an employee sneezes.
With the right decisions and luck, this company could become a Newmont. And thses companies didn't just grow overnight. It takes years. I get caught up in the excitement of the board too. I keep hoping that news will come so I can have some instant gratification as the stock shoots up exponentially. Then reality sets in and I remember that it takes a lot of work, organization, and TIME to make money. We all could be millionaires if we were willing to put in the work. And here, work is measured in time and grit.
Ford would be a great investment. How many of us can buy 300,000 shares, or even 30,000 shares. Hell 50,000 shares of SNEY can be had for $375. Don't want any? Wait and do like TR advises. Maybe you can get 50,000 shares at $200. Or come around this time next year and buy those 50,000 shares for $25,000. Maybe only $5,000. Maybe $50,000. If its at $50,000 I might be willing to sell you some. Naah. Why cut my profits when I expect this to go to between $1.00 and $5.00. What other penny or sub-penny stock out there do you find more attractive than SNEY? I've talked to several board members on other stock (and own some), but for potential at this cost, I haven't seen any. If you have, let me know.
A few years ago you would have been right, but as things are going now, we don't see oil prices coming down except with minor fluctuations. I really don't see gold coming down to far either. Besides gold's value as a hedge aginst paper money, the industrial demand is growing at a fantastic rate. The one thing I see is that the price of mining shares has not kept up with the price of gold as we all know in SNEY, which just means to me that the shares are woefully undervalued. If we are mning and selling golds, we will make money. Hang in there.
Yep, and I even upped my bid (and lowerred my share request), and still no action.
You're right. I finally got my daughter to invest in SNEY and she dumped her IRS refund into SNEY (all $800) and bought 33,500 shares at .023. I'll say one thing. She follows it closely, and she does send a barb my way once in a while, but she keeps on trucking. She's since added shares and still averages around .013. So she's still in the red. My son is in for .0151 and he likes to rub it in by saying he's made x-amount on ABC which offsets his SNEY losses. But he's still holding. One friend bought in just so he could hold it over me when he loses his investment. Deep down he knows he'll make big money. He's in for .008.
You're also right. We can expect better from management. They should be better. But again, having operated on a shoestring, I only had limited time and resources and I had to allocate them where I needed them most. I've been fined by the Texas Railroad Commision many times for late filings. Price of doing business at the beginning. And that was not nearly as time consuming as doing a 10-K audit. Thank God I never had to do SEC filings. But I understand SNEY if it is doing as I did. I believe it will come on line and when it does, we should be in a very good position and all of us will be laughing (or crying) when this opportunity passes.
A tease of news? Oh, come on. Do your DD. You can find out what I know. Oh, maybe you can't. It takes years of practice in information gathering to find out how to check out people and companies. There are Web-sites out there that you wouldn't believe. There are persons (I use the legal term) that specialize in gleaning information. If I invest in a company, and by that I mean long-term, I want to know about the investment. I did get into SNEY initially to day-trade. But then I started looking into it and when I decided to invest big-money, I invested some small money to find out about it. There is no tease. I can say that I am heavily into SNEY. I have more investments in other so-called real companies, but SNEY and a few other penny stocks have intrigued me. I'm not a technician, a chartist, looking for trends, etc. I just want to make money and I am fortunate I can gamble. If you can't gamble, you shouldn't be in this stock, or today, maybe any stock. Buy gold or a mutual fund.
This is nt a pump-only board. This is a forum for all to voice their concerns and any useful information they might have. I think that some people take exception to those who express their fears and frustrations based on their inner feelings and not on what the company has or has not done. For instance, some say this is just a pinky and all pinkies are scams until proven otherwise. They think that the company has to babysit them at every corner and coddle them with all types of information (so the investor can turn around and say it is P&D BS). These investors are usually pretty lazy and rely on others to do their DD for them. They get in for the wrong reasons and then whine when things don't work out the way they want them to.
I think you should go ahead and express your concerns any way you like. Just remember, most of us are sitting here with a whole lot of shares too. We stand to lose a lot of money and we have concerns too. Others, like TR have no interest in SNEY and they are here to save foolhardy investors from investing in SNEY until they give the all-clear, if ever. Noithing wrong with that. I just prefer to do my own DD and buy or sell accordingly. I don't have any expectations from management other than that it continues to mine, process and sell product. And I look to other sources for my information to confirm that that is indeed happening. You should do the same. If you can't, and you don't trust management, really get out. You don't need to pump it, but you should try to gather information on SNEY.
One other thing and I am through preaching. This company is operating on a shoestring. All of us from the start have known this company is great on ambitions and little on assets. That is reflected in the share structure everyone is bitching about. And we could all voice our concerns on this, and many have done so ad nauseum. That doesn't help anyone except for people who come late to SNEY. It might have bitten off more than it can chew, but so be it. I can cut and run, or keep my bid in for afew more hundred thousand shares. And as of now, I have a bid for 300,000 shares at .007. Should show up on Level II if interested. I keep slapping the bid. Want this as low as possible to increase the profit when it soars. Or, if it crashes, I won't be in it at .026. An let me say, if it goes belly up, I will lose in excess of 6 figures. This is as important to me as it is with anyone. Failure is not an option, peeny stock or not.
You said, "since we are told this is not just another P&D." That really does not belong. Who told? Do your DD. SNEY is surely not P&Ding. Everyone is bitching because it is shut up tighter than a clam. No information. The only pumpers are Falon, rainmaker, Life, Risk, myself, and some others that are silent right now still hovering but not making waves like Nebula, Silver and others and they have been doing it so long through ups and dips that obviously they are not dumpers. And presenting arguments in favor of a company does not relieve others from doing DD. I've had opportunities to do as Cheeps and TR both advised and that is to dump SNEY and take my profits, but I'm still here.
Your a salesman, which means you hawk a product or your services because you believe in it or them. Well, we believe in SNEY. And this crap about it being a pinky is just crap. The first well package I put together was a rework down in Smiley, Texas and it cost $55,000 that I had to raise by cold-calling. A geologist brought it to me and I trusted him. Well, the owner of the property, a rancher, was delighted. Even more so, he was ecstatic after the drilling was done. We lost our $55,000, but he got a beautiful fresh water well. We guessed wrong. Today, I operate over 60 wells with production varying between 22,000 and 28,000 barrells a day. The budgets aren't so tight now, but there are some contingencies that can still arise and take you down. SNEY is on a limited budget, operating under tight constraints, in a land where it is under the thumbs of a chief that can shut it down with a nod. It can fail at any time. That possibility is what soem of us tend to focus on. If that is where the focus is, I say get out of the stock, walk a way and don't look back. If it fails, you won't know. If it goes to a dollar a share, you won't know. But you will be doing something else that brings you pleasure. Me? I like the gamble, and right now, that is all there is in spite of all the pumping from board members. We are rolling the dice, which hopefully, are a little bit loaded from our own DD. I own my DD. Do yours and own it too.
I am not an insider. I have been investing in this company for a year now. My first batch was in October when I paid .0012 a share. I have bought at the highs and the lows. My sources are independent third party sellers and suppliers, government officials, miners and bankers in the area that I have contacted through various channels to determine that this company is for real. I am a wildcatter, but I am not stupid. I have never spoken to a SNEY officer, and the only investors I know are on and through this board. I am considering contacting SP or others, but the only information that they will give have probably been given to Risk and the others who have reported it to all of us, so we know the gist of what the company line is. It is what other parties are saying that has me putting my money up. But it could all blow up in my face to depending on how it all shakes out. I have brought in wells on a shoestring and made money and I have sunk big money into cannot fail wells and lost, but the major thing is if you have the geology, the engineering and the know-how, you'll be right enough to make money, and what I know convinces me that all of that is in place in SNEY. All is needed is the luck.