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Actually a few of us got in in October before it reached .004, not to long after the ten for one forward split. But we have averaged up and now are in the process of averaging down. At .005 I will probably double my holdings, which will put me up in the neighborhood of the Fangster and Coach. Not pissed, just oppotunistic.
I wasn't taking issue with you either, and i know you were taking trader on. His philosophy differs from ours. Ive just been on the management side too long and I know what the company is thinking, and we are so far from their minds. Right now, all they care about is finding the most gold they can, extracting it, and selling it. Not whether the stock flucuates one tick at a time. Maybe later, but not now.
Got a few hundred K's more today myself. I feel like taking over the company with a proxy fight, and I might change my name to Sneyman. LOL
The first two are connected and they are in the process of doing
The third is in question as how much they are producing - They are producing something.
The forth is linked to the the first two happening and then the third showing revenue.
The fifth one I would agree. I would rather them under promise than over promise. S*&t happens and it's better to under promise time lines than over promise.
1. COMPLETE ALL FILINGS
2. GET CE LIFTED
3. PRODUCE GOLD THAT CAN BE PROVEN AND FILED IN Q AND K REPORTS
4. UPLIST AND GET THE HELL OFF THE PINKS
5. Oh.....and DON'T GIVE UNREALISTIC TIMELINES FOR WHEN ALL OF THIS WILL BE ACCOMPLISHED
Guys, this is not how I see it from SNEY perspective. From its perpective I see:
1. Secure a market, because I am producing.
2. Get more dredges in the water to secure more product because I have proven up the resources.
3. Entertain any offers that might improve my position, like joint ventures or mergers.
4. Continue exploring and proving up, or of proved up, begin exploiting my Ghana claim
5. Not worry too much about my public investors. They will make money off the sweat off my back. When I make money, they will reap the benefits of the profits. Besides if all they want is to make money buying and selling my stock, f*** 'em. Stay in for the dividends, or wait until your equity position is expressed in dollars, not cents.
Not like boots on the ground, but I am trying to establish some contacts over there, as I may want to do some business there. May have to get out of my comfort zone. Who knows?
Cheeps, seriously what will happen in a melt down? Say it crashes to .0001 and no one can trade without serious losses. Does that really do anything to the company? If so, what? And say that company ends up making huge profits, goes ballistic. Won't the price of shares skyrocket? As long as the company is viable, who cares about the price of stock right now, or in the next 45 days for that matter. The price structure merely reflects investors' beliefs in the absence of information, that's all. If this were a p&d, SNEY would be pumping, PRing, marketing, promoting just to sell off shares at a higher price and abscond with all the possums it can. It aint doing that. It's easy to say wait for news, but it is hard doing it. People talk about buyers and sellers. Has anyone bothered to check Sieera Leon for buyers and sellers? Anybody know how many gold refineries are in the vicinity, who is buying and selling gold, etc. Well, I know. SNEY does to. And guess what, I'm still bullish.
Collapse of what? You mean the shares might tank? Go down to the low .0000s? Cheeps, that is a distinct possibility, but this is really not about how the prices go right now. It will go down, but all that does is allow us to get even more shares at a cheaper price. Becuase, as I keep saying, when this company comes through, it will be big. we're bucking the trend. I've made to many big plays based on my determination to be swayed by a bunch of uninformed people who are basing their plays on mass opinion, not DD. Let the price crash.....so long as the company doesn't. Appreciate your opinions as always.
Let it slide. We longs will just pick up more cheap shares. The way this stock goes in the short term is irrelevant. We're looking for long-term capital gains. LOL. If you're looking for sizzle to do some trading, you're in the wrong stock. This thing stock-wise is nearly comatose right now, but give it six months....look out. Price of shares will be determined by production period. If this company earns a lot of money, look out. If it doesn't, bye-bye. I wouldn't mind picking up a few million shares at .005 or twenty million at .0005. Price of shares now is irrelevant. What they are worth in six months is so very important.
The problem with what you're asking for is that SNEY got the CE not because of any eggregious activities but because it or had others issue PR's that were perceived to be promotions while it was late in its filings. To be issuing PRs now that might be perceived as promotions while it is still not current in its filings would just aggrevate the situation. Notice how Trader keeps saying that SNEY will issue fluff PRs to protect the price level. It just doesn't happen. SNEY is in this to make money, not fulfill our needs. Have faith and contact SNEY and talk to SP if you're concerned. Go to the horse's mouth. The price will rise northward when the company files it filings and gives us outstanding production reports. It will tank if there is no production, or if expenses can't be covered. Give it time.
Why the stock ran is up to so many different opinions and we all no what opinions are equivalent to. Your opinion may or may not have merit. The reason I was encouraging others to get into the stock while it was climbing are the same reasons I still encourage people to get into SNEY now. My DD indicates that this stock can take off. ANd the people I have encouraged are well informed speculators and have made a ton of money on my projects. They have lost some too. But the bet is down.
Your point? It'll come when it comes. Meanwhile if the price drops, you can thump your chest and crow how right you are and I will still be buying shares. Dredge has it right. If someone is going to focus on a problem, focus on the dredges. If you have done your DD, you would see some of the dredges that other companies have on the river and compare those to the 8 inch dredges that SNEY has. They are small compared to those huge mamoth dredges and one would have more credibility if disparaging the dredges instead of carping about the CE. If one focuses on the dredges, then the next question to ask would be what are the advantages and the disadvantages. I found out.....so can you. There are a lot more questions that are more pertinent to success than CE removal. Newbies should be investigating mining on the river and SNEY's ability to remain viable and less on short term up and down tics.
BFD! Keep focusing on the little picture if it pleases you. I like Coach's attitude. And rhetoric. The only thing about the downward trend at the penny level is that it is so riduculously easy to accumulate a whole lot more shares at these cheapo prices. And why the whining and complaining is so prevalent is beyond me. People who play these stocks shouldn't be playing them if they are so concerned about losing. 300% losses sounds so terrifying, but when a person has 100,000 shares of $.0035 shares and it drops, to me that is no BFD. And I doubt that for those of us who have in excess of a million shares are worried, because I think we know what were betting on, and we don't need tutorials from Trader. But as Nebula says, we do need sizzle, just for entertainment and movement to generate interest and drive. But like Coach says, wait a short year. If it keeps going down, I'll average down. This company won't make it only if it is so undercapitalized, it can't catch up to expenditures. We're betting that management is better than that. Trader is right in what he says about trading and how that effect's psyhces, but we're not trading (that is those who have major blocks of shares); we're betting on the home run....albeit, a very dangerous thing to do on a penny stock....not on making small percentage gains on up and down ticks.
I did. Thank you. Like I say, we have to be worried about the right things when it comes to producing and getting the production to market if it is commecially feasable. I have brought in wells that have had some production, but they were shut in because they weren't commercially profitable. Some of those were when oil was $20/bbl. Now that the market is at $90+/bbl, they are profitable. If gold gets to $4000/oz, we'll have gold coming out of the woodwork.
DM. You are the man, and I do mean man. You walk among some boys who make sounds like they know what is going on, pontificating about things they know nothing about. We should be focusing on the important things, those things we can do something about, and not be worrying about things we have no control over. More DD people. Do more DD. We can't force SNEY to give us information when it is playing close to the vest. But we can research the gold mining industry in Sierra Leone, specifically SNEY's competitors, suppliers, employees, creditors, registries, etc. Am I worried. Of course I worry, but I worry about the right things, not the BS some highschoolers come up eith their charts and arcane interpretations thereof. Forcing a PR out isn't going to do a whole lot of anything unless it has a lot of production and specific plans. If you are in for the long haul, don't expect a lot of info for months. Risk thinks things are going to pop, but not until after summer, based on information he has. Last time I looked we are still mired in summer. One thing: if you don't know about the gold mining industry in Sierra Leone particularly, you don't need to be specuvesting in SNEY. GLTYA
You tell us. Seems like you were the one with the inside info, what with your talking to SP and all.
Well, now I see why prognosticators fall flat on their faces. I looked at the past filings and taking the average figured that we were dur for a filing. Nope. Now I know how Trader feels to be dead wrong most of the time. My little investment club added a half million shares on the down-tick this week. We'll see what this coming week will bring. Heck, if this continues we may have enough shares on this board to make a hostile takeover.
Something that won't stick in our throat.
Well, in looking at the posting of PR's, we really are due for a PR in the next day or so. It may be positive or negative or entirely price neutral, but we should have something in the next 48 hours. I will be looking for something around 7:30 CST tomorrow. (I'm using Risk's Magic 8 Ball)
Actually, LOng, we expect you to call and get the info. You seem better at getting them onthe phone than th rest of us. Tell us we're in for a filing or PR soon. LOL
I don't recall SNEY has having made any promises. In fact, it has been very conservative. It has given estimates of when we could expect filings which have not been met, but having been in similar situations, that does not raise a red flag for me. It has reported on production numbers, which (probably for security reasons) have been disappointing to some not used to these reports. The one thing it has not done is pump up its numbers. I still like it very much.
And they really don't care. Don't take it personally. The last thing the company is worried about is us, the investors. What they care about is production and operations. Instead of whining and complaining, you should either plow more hard-earned money back in or get out. We all know this company is going to take time to file paperwork. Trader has touched on a sensitive topic of the small investor, and let the chickens squawk. For us who have actually done real DD, we have a fairly good idea of where this company can go and we are specuvesting in it for those reasons. Guys, if this does not take off, some of us are going to lose a few thousand dollars. I think most on this board will lose a few very low thousand dollars.....big whoop. Some of us stand to lose a lot more. Heck, I lost mucho thousands yesterday. But, and it aint that big a but, if we hit it, some of us stand to literally make millions, some of us hundreds of thousands, and some tens of thousands. And those of us who have done due dilligence, and I'm not talking about PR's or taliking to management, this will turn out to be the little engine that could. Mismanagement? I don't think so. Sitting tight on information. You bet. When current financials are filed, it blows the top off of security issues (yeah, pun intended). Guys, when you ride a bronc, there are a lot of ups and downs before the whistle blows. This baby went to the knees yesterday, but we weren't thrown.
I think that anyone on this board is entitled to make comments no matter how fatuous the comments, and I will defend their right to do so. No one should be personally attacked for his or her position no matter how ill-thought-out it is. That said, people on this board should be allowed a modicum of common sense on how to handle their own investments. As I have reiterated time and again, they should not rely on anyone, yourself or me included, but should rely only on their own DD and investment sensibilities. Your pearls of wisdom might best be aimed at home, because in the end we will all do as we want to. I too can give advice. If a person is so worried about losing money, he or she might divert his or her investment into a secure municipal bond rather than a speculative third world junior gold mining stock with late SEC filings on CE status, and with no independently verified proven track record.
Of course you do, and I don't blame you one bit. I on the other hand am not worried about it. I too would like to see it happen soonest, but my experience in the real world is just that, the real world intervenes. I hate it when I have to wait on accountants and lawyers to do their thing when all I want to do is get the job done. Here, having to wait on all the t's crossed and i's dotted and auditors to their thing must be so frustrating. One thing that Trader and others deny is that a good PR letting us know where we are specifically in terms of getting gold out, processed, and sold would take immense pressure off and volume would soar based on that in spite of the CE. The fact that SNEY is not pumping speaks volumes. You are frustrated because you like to follow the paperwork. I would be a bit frustrated because I follow the production and SNEY is playing it close to the vest. I am not frustrated, simply because I've been in its shoes. Dredge knows what I'm talking about.
Either a day trader or short seller or not an investor at all. Why else be here as our self-appointed conscience? We really don't need monitoring on how we choose and retain our stock. Sney has the advantage of being a viable ongoing enterprise. I can't believe how many times I filed late at the Texas Railroad Commission when drilling wells. To miss by 24 hours and you want to make it a federal crime. Three weeks. Pr came out around the 14th and filings were on the 30th. That's closer to 2 weeks. Big whoop. We still are looking at this to take off closer to the end of summer. And even then, I don't know if all filings will be complete, and don't care.
No one is saying CE removal over the next couple of weeks. Actually, as you know by now, our focus isn't on any set timeline. And not many filings--just three. Only day traders are worried about imminent removal so they can make their play when the volatility hits, and really, isn't that why you are here? You know it's only a matter of time when this takes off and you want to be there to make your play. Why else be here?
Can you feel the tension starting to build? All of the angst and worry still there? Really, this is starting to come together. Production is ongoing and management is taking care of the paperwork (for those of you who are really stuck on beaurocratic crap to the extent you can't see the gold before your eyes). Either pay attention to Trader, who really has some good points that investors should heed, but really are irrelevant to SNEY, or to Risk who has and the Magic 8 Ball that has shown more relevancy. I have spent some time checking with people who deal with SNEY on a business level and I am satisfied. It pays its bills on time. It pays its employees, and its reputation in-country is high. In short, I have invested in the company due to due diligence, and I am satisfied. Things will begin popping shortly. I hope everyone, including Trader and the rest make good money. Whatever your strategy, make money.
Actually, that was off of the cuff calculation of price. Should have sat down and calculated it, because as indicated, there are a bunch of sharp dudes on this board. Sorry.
Actually, it is not fishy at all. I recommended to my wife's uncle and friends to get in now, and they did all day, to the tune of 1.8M shares in various increments. They had to slap the ask in order for their buys to fill. I am counting on some big news coming out in the near future; to use Steve's words, in the next few days. LOL They had previously held around 150,000 shares and I advised them to double up. Little did I know they would pump in another $15K. This thing has to go up now.
Trader. I have been reading your schtick for as long as you've been posting, and based on everything you have to say, I am impressed. In fact, I am so impressed that I must now include you in my investment strategy. That said, I must now double down and as they say in the great game of poker, I am now all-in. I call and I raise you another million shares. Is it a bluff? I don't even need to see the hole card. I remember when i was up 300% and you said wait until later. It got up to .026 and I was up over 400%. Now, after averaging down, and after all your talk, I am sitting only on a 260% gain. And I do love what you had to say about your forcasts on getting down to the .00s. The fact that it dipped to .0095 for a trade, then bounced back up verified you forcast? Hardly! You stated that it would be in the .006's to .008's implying that it would not come back up. Sorry. This stock is legit. LONG and STRONG, my man. Long and strong.
Not that it matters all that much, but the figure is closer to $84,000 because once you multiply the no. of ounces by $1500, you have to multiply that figure by 89%, becuae each ounce is only 89% gold. But we are still playing with figures anyway you figure it.
I too am wondering why the disinterest in this stock. Maybe all of us longs just don't want to part with our shares. What I can't figure out is I have a standing order to buy 1M shares two points below the current ask and why didn't I get partially filled for 10,000 at .011 and it instead went through at .010? Just plain weird. I figure Trader actually ran it through before announcing he was back in.
Wonder if more dredges are on the way? This is beginning to look better each day as the company is beginning to gear up, and I hope they give us a little more than hints about how the testing is going in Ghana. I heard through the grapevine, and no, I won't say where, that the name has been dropped in connection with some lease participation purchases in other locales.
Wrong again, again, again, again (echo). The financials that will come out - we already know what they will contain. Until the first quarter of this year, they will show no income, only outflow. The only reason we are looking forward to them is because with them filed we will be that closer to having the CE removed. They are the sine qua non for removing it. Once the CE is removed, then that liberates the company and allows for a lot of positives to flow. And once again, you are focused on a short tem jump or plunge while most of us are in it for the long term. It may be a rocky road with a few turns, twists, dips, and bump, but if SNEY stays ahead of the market, it will be highly successful.
And so much is being said about the rainy season and how it will stop production. I am sure they will find some dredging to do, but more importantly, SNEY can concentrate on separating the kernals from the chaff. It can lower the stockpiles it is now accumulating at a prodigous rate and by the time the piles are reduced, more will be coming. Please keep us informed on what is happening short-term because we are focused long-term. By focusing on the short-term you can focus on your learning curve. Other members will try to guide you. right now, all I want to see is more and more interet, negative or positive, focused on this stock, because the more experienced investors that learn about it will invest, and with enough interest, we can wrest this beast from momo control.
I know you want it to go to the .00's to buy in, but I would almost (almost) bet that isn't going to happen unless it does a quick dip and pop back up, because some news is going to break soon. The low volume is tricky and with the momos running the show, who knows what is really happening? The company is solid from a business model prospective, and it is producing a lot of gold now. I know the other company that you are in right now compares to SNEY, but they are not identical. If SAEI (my favorite example) can go in a matter of weeks from .04 to 1.00+ on PRs alone and selling nothing but air, imagine what a real production company can do. From a field perspective, the investors always get their antiest right at the end when all seems darkest. At least in my drilling programs, the investors don't know each other and there is no board for disgruntled investors to bash the wells and drive off other investors. Here, it seems that the company is irrelevant and all that matters are opinions, not facts. And when opinions of 20 year olds with absolutely no experience in the field or in running a real company are given credence,well, Houston, we have a problem. But I digress....get back in real soon and pass around the possum stew, if you even know what it is. LOL
Good morning Gentlemen and Ladies: Been busy with a couple of wells, but I thought I would check in and make an observation. I think we know that there are two ways to make money on this stock, buy and sell on the rise, or sell short. The LONGS are buying as an investment, a very risky investment as this is a pinky, but one that shows promise of overcoming its once almost nonexistant capitalization. It has fought an upward battle, but it is almost there. Really, only one thing can hurt this company and that is if the gold market collapsed, and as we can see with the world economy as is, that just is not going to happen. When I started in the oil business, a barrell was selling for $20/bbl. It started climbing and I started making money, then the market collapsed and it went to $10/bbl. I and my investors lost our shirts. We had to sit on the sidelines until the market came back. It is almost a cake walk. And right now SNEY is walking the cake walk.
Those who are talking "realistically" about this stock are most likely selling short. Wht else play on FUD. SNEY would have collapsed back in February when the dredges may have or may not have been shipped, or long before that. Some talk about the possibility of a scam because it is happening in darkest Africa. Well, I happen to know for a fact that SNEY is an operating company that is currently paying its bills and wages. How do I know? You business men can figure that out. The rest of you can use some DD. I will do mine and pass it on as I see fit. And by the way, Long22, Dagg, and a few of the more positive posting members know what I'm talking about. Have a little grit and don't be a seller, but a buyer be. AIMHOOC.
Right.
Not at all.
I was thinking that this stock is not moving because the long-term investors are holding and the MMs haven't gotten their manipulation strategies up and going.....waiting to see what plays out. Came across an old MM analysis some of us newbies should read to really see how these bottom feeders manipulate us. I think SNEY's fall could be attributed to them and not little guys bailing.
Here is the link:
http://www.sec.gov/rules/concept/s72499/klaser1.txt
We are the little guys swimming upstream and only the strong will survive.
I don't have the experience you long-timers have, but I bet the really big players start getting in. Could move slowly, but will probably surge. Thins are shaking. Using my old oil analogy. When drilling for oil, you eventually get to the oil bearing sands. You test the well and if you find that it is commercially producable, you take the next step and complete the well. If it's not commercially producable, you plug and abandon and move on. When a company announces that they are purchasing equipment to process gold, they are emphatically stating that they have commercially profitable product and they are completing the project. When the gold starts flowing, we will know just HOW profitable it is. I think the table stakes have been raised and now the buy-in will get a little higher. Make no mistake, thar is gold in them that river and we're getting a share of it.
About time you posted one of your great explanatory posts. We need more of yours, Nebula's and Uncommon's input. Like the way you summarize and put things right smack up against the face.
Feeling kind of dumb. Bought 606K at 0.0105 and held off to buy another few more at 0.0100 and its headed north. For those of you that are dependent on making snippets of profits between trades, I am sorry. I pretty much am treating this like a game. I figure we can buy anywhere between what it is now and up to 0.02 and when it breaks out later in the year we will have made a fortune. Let it drop into the .00's. I will just add more. I will add three times what I added at 0.023. Guys, just ride the bronc. Enjoy the bounces. depend on your first job to make your money. This is to make your fortune. Kind of like drilling for oil. It'll come when it comes. For those of you who got in at 0.02, do not despair. Just add more. IMHO of course.
I agree. But this company has a long history of not putting out PRs in a way that will maximize our gains. I want to see some news in the next couple of weeks. But what I want doesn't matter to them. I think SNEY is operating on Tulsa time.