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The spending has got out of hand and now shits really going to hit the fan. Were about to go through some extreme inflation and my post from a little while ago explains why, post 7928.
I wonder how long it takes to get back to .0009
GO SGCP!!
TA needs to be ungagged, they fed us a line of BS. Demand to have them get a different TA that will be able to do its purpose. I am convinced this is a scam and have paid deerly for it. The combination of the PPS action, TA, bad performance, and delay after delay all screams scam, its not just a "pink" its doug evans nudging pitch man john to do the talking and get a cut of the madoff action. I respect all those trying to find out what is going on down in sierra leone and encourage to keep up the good fight.
oh didnt know that
Roberto just make a new ihub username until they figure out the posts
Ask what is the rationale for having the TA gagged and a future date when it may be ungagged.
Kung-pow, 15 million in dilution just in after-hours. Go Doug!
Fear not, I'm going to get a 50k student loan and put it towards the stock to cause a buying spike it'll be at .005 in no time.
They have openly admitted to running dilution, its like they started doing it and then said by the way(several months later) we have been diluting a lot, the O/S is at 75% of A/S where before it was 25%. Then on top of that they have the TA gagged so we cannot call them up asking how many there is outstanding.
If you want to be in the know, this is how you would go about contacting SGCP's transfer agent, http://www.capitaltransferagency.com/forms1/DOCUMENTS%20TO%20BE%20FURNISHED.pdf .
Something needs to be done about the TA so we can openly monitor if there is a dilution scam occuring, and the people dumping shares are dumping for that reason. So if you want stability at least in the pps fix that first, then with communications, PRs, SEC and all that jazz.
You have to decide whether the company is a scam or legitimate. There is room for debate for both but for many its irrelevent since it would mean taking a ridiculous amount of loss to sell. Doug needs to ungag the TA if he wants to see PPS go up. Personally I see no reason to gag the TA other than run a dilution scam under our nose.
Agenda for future contacts with John or Doug should include a discussion about the TA, like what is the rationale for having the TA gagged?
Something needs to be done soon about this stock either take my money or skyrocket, im sick of the suspense.
This is a great explanation of why and how gold will move in the future. Its basically a thesis that involves paper gold vs physical and the demand of physical gold will cause a huge shortage and prices will skyrocket. It is from 2003 but dont discount what he says I think he was just long too early. Go to Nail in the Coffin subtitle if you dont want to read the whole thing.
http://www.gold-eagle.com/editorials_03/wallenwein052103.html
Emergcy im right there with you, I thought I was smart in august of 07 investing in SGCP because I thought exactly what happened was going to happen. Well turns out that gold didn't do what I thought it was going to do when tons of paper money(mbs etc) basically disappears. I am extremly perplexed why gold hasn't performed, it is THE perfect storm for it and it trades like sh*t. At 19 years old 8 grand is a lot of money to have go down to like 1500, I really don't even look anymore.
I am just simply hoping Doug and friends are decent people and not scheming this for a quick buck. There is an adequate amount of proof of operations with pictures and some financial information, but their PRs and gagging of the TA makes me think otherwise and just how the stock moves in a manipulated fashion. Hopefully gold performs like it should and the wrong trade like the dollar going up to where it is right now starts to come back to reality.
GLTA
Great stuff bikeguy, I just want to see an ungaging of the TA and ill be fairly happy with SGCP.
GLTA
There is some new photos on sierragold.com. I am not sure if this is a repeat post or not.
Ok this stock has to start jumping soon, gold is going to breaking through old highs soon and some new money into the gold market (including sgcp).
I think they need to start advertising their name in PRs like they did, as corny as it sounds it works.
That with a professionally written and relevent news pr will set this stock out of the sub penny category in a hurry.
GLTA, be bullish
What is the rationale for having the TA gagged?
Has anyone asked John or Doug that?
It will end when there is a healthy amount of buying volume(see post 7096) and thats not going to happen unless management gets their act together.
Now I don't think they have been doing a horrible job but they really do need work in the communication department specifically PRs. Until they fix that I don't see this stock moving out of sub penny unless gold goes up a lot.
GLTA
Yep, what I have found that explains that the best is stockwire's Level 2 explaination, it adds the element of price movement with matching up buyers and sellers. Pretty sure you have to sign up to see the videos but it is quick, www.stockwire.com.
Im already in too deep to sell but if I had a small amount into it id probably get out. This stock doesn't behave right and they have some idiot doing their PRs so until that changes I dont know what to think about this company.
I just think we need a nudge from skyrocketing gold prices or at least around 1000 level. When that happens it would be at least over .02 in a few weeks.
Does John not have satelite phone or something of the like to communicate remotely in SL? If its not too expensive id chip in for it.
I think he is new to SGCP and just likes the fact they have photos of the actual operation. I was wondering the same thing and came to that conclusion.
Can someone post L2 please thanks
Just going by what it says.
Keep in mind it is "the week of January 5" not monday.
Yep not to worry though things are going to get moving here shortly. I wouldn't want my money to be in any other stock in the current market, yeah it is risky but what isn't. This is one of the best risk reward situations, the future activity in gold is once in a life time shit and were poised to take full advantage of that. Gordon Gekko ain't got shit on us.
Oh yeah its not going to stay at .006, I would love to be proven wrong but I've seen it happen probably 5 times. The MMs like to tease more than softcore porn.
My guess its manipulation again sell at .006 buy in low tomorrow morning with the gains of 50%+.
Lol close at .006 that would be funny. If it does I hope it doesn't gap to .004 in the morning.
Well I do believe we would get new money coming into this stock if we did break the imaginary threshold of 950-1050 POG but until then the gold price will have no affect on SGCP.
When you have an illiquid stock like SGCP it doesn't react at the same sensitivity level as lets say GG or AUY. To explain this so it dispells any more confusion I will use all 3 different outcomes in price movement.
First if gold spikes a large amount SGCP would react in the following manner according to SGCPs production and relative business health. If SGCP is in the potential stage as we are in right now it would go up 4x-6x the current levels and if it was in production stage it would go up 10x-30x.
If gold trades relatively sideways like it is now SGCP would act in the following manner. If SGCP is in the potential stage it will react like it has. If it is in production stage it would be a steady but slow PPS movement.
Lastly if gold tanks SGCP would act in the following manner. If SGCP is in the potential stage PPS would deteroiate a lot more than it has now .001 to .0015. If it is in the production stage it would go up painfully slow or maybe not at all since the expectations are to have gold go up.
The multiples above are not to be taken literally but more as a concept but it could play out that way as well.
Again GLTA I hope this clears things up, you cannot take price movements of securities on the nasdaq that has hundreds of millions of dollars, of exposure everyday and expect that to happen to a stock that sees a 5 figure dollar amount of exposure on average.
Agreed I will even take your post a step further and predict a nickel will be sometime in Feb or March.
Now for a macroeconomic prediction we are going to have a whiplash in inflation pressure starting probably in the summer of 09. The gold market starting to take off and dollar dropping is foreshadowing this pressure. If you pay attention to the way gold trades you will notice if there is a spike in buying interest it quickly dissipates and breaks through previous levels of support. Where as if there was healthy amount of buying interest it would spike go a little lower and trade sideways with a good amount of volume and make another run up in a later period of time, 15 to 45 minutes. The reason why gold isn't preforming relatively well to the recent dollar move is because we are in a deflationary cycle and until that stops we wont get to a substantial amount in POG.
There is consequences to printing money like it is going out of style, just like there is consequences of leveraging your portfolio 40 times. This will unfold and we will break through the current lows, in the equity market, violently when it takes place and the stagflation stage will begin(high inflation with negative growth it is the worst kind of market to be in). Gold prices up to this event will behave in a slower manor maybe get to 1150-1250 before the summer. When the inflation pressure really starts taking off unemployment may spike to 13-18% and gold will be at 2000+ easy shortly after. This maybe considered a depression or they may just use the R word for panic purposes because there really is not a technical definition for a depression.
Now before you call schnanigans just keep in mind I didn't get this from anyone it is all under my own DD. No one is saying this on cnbc or anything like that so you remember this post and when it comes to the summer time you'll say to yourself that kavitz kid really knows what he is talking about.
GLTA and work on your job security because the job market is going to get worse and worse.
I disagree and your analysis is too literal, stocks do not behave in the fashion you outlined they look to the future not the present, just look at what happened in March; that was purely a rally off of movement in gold price and back then there was a lot more uncertainty then there is now. Stock price you tend to forget is ran by people not a computer model that does its own valuation with current variables " So, even if the price of gold goes up by 50%, it won't affect this stock. 50% of 0 is 0. "Potential" reserves mean nothing." Also your statements are false they have been producing just go look in the profit loss statement your DD is pretty poor on SGC.
I predict if we move into the 1000 territory we move to +.01, I have been pretty spot on in my predictions and I am fairly confident about this one.
We need positive results of course thats blatant thats been said since probably April and more frequently as of late. The field report was good enough information for me things will get crackin here soon, the problem is mostly everyones expectations are unrealistic and it snowballs when they are given the ability to rant on this forum.
Everyone needs to chill out and if have nothing to say that is productive don't say it at all. If your post's gist is something along the lines of Doug isn't doing a great job, not enough communication, and when are they going to start producing just keep it to yourself all of those things have been said a ridiculous amount of times. Post something we can actually use; for instance weather conditions, reports on the state of Sierra Leone, etc. Part of the problem in the deteoriation of the PPS is the very stuff you guys say in the forum and constantly pound the table on. It'll happen when it happens and if you cannot deal with that then sell your shares I'll surely buy them up for .004.
Gold will hit 1000 easy in January, dollar is falling like a rock like I predicted. We may see a spike towards the end of this week a lot of open interest out of the money and expiration is coming up here on friday, but IMO that is highly unlikely gold has been up 6 days in a row and 7 if it closes higher today. Also it seems like the PM traders are doing all the work and when it comes to the day session it trades like crap, everyone sells into any spike in PPS and goes lower than the previous support, and gold should be a lot higher from how fast the dollar has been dropping.
Here is a 3 year chart of the index
The dollar index is making a nice trend right now 950 gold by year end is very viable.
Yeah a shareholder conference is a great idea. He did a investor briefing sometime back with www.wallst.net under his own volition, so I don't think a conference call is too far-fetched. If we seriously want to start this lets have the next posts concentrated on questions we have for Doug. No more posts about manipulation of the stock, etc.. that is old news and kind of redundant.
Some questions I have are just financial status, a ball park figure of how much cash they have at their disposal and how much they are going through every month with wages etc? Another question I have is where exactly will the 2 ten ton processors go to, which properties? Also what in $ figures have you extracted in the past four months?
Please lets keep the rants to a minimum and have our I on the ball I don't want this forum turning out like Yahoo Finance.
Cramer is ok in small doses you have to take it in context. He blurts out idk like lets say 3-5 different stock picks every day and then a lot more if you count lightning round. He comes up with really good picks and then some that are kind of a filler; for instance when he said buy gamestop in anticipation of halo 3 I thought that idea was very good and it went from 40 to 60+.
When people say he called everything going in the financial markets that is completely false. He basically was reacting from the day to day news and then maybe 2 weeks before the 6 day straight downturn he said things aren't looking good. Before that he said at best we may be experiencing a downturn in the future but didn't use the R word. I dont consider that a call, I remember him saying we will hit ~ 14600 by year end in october of 07 and things looked good for 2008 whereas I decided in August of 07 that things were going to get bad and put money in SGCP in anticipation of a rise in gold prices.
The only thing I take from his pieces are when he talks about psychology and other strategies of investing; basically everything but the individual stock picks. IMO Cramer is overrated but I think if you were to take him off the air and put him in a trading desk with 5-6 stock picks he would do well.
Yeah I am disappointed of how gold has traded since its breakout. It was trading inverse to the broader market now it seems it has conformed to the market again for whatever reason. I anticipate it to start an inverse when were in the 7000 handle of the Dow, but your guess is as good as mine right now do not understand how the dollar rallies on big job losses, hate day to day activity.
New field report out just a FYI.
"With the weather starting to cooperate, mining operations in Sewa will begin the week of Dec 8th, this includes dredging and processing operations and the extraction of gold. Preparation operations continue in Zimmi, basic clearing of a 25 ft wide path has been completed and the removal of large trees is in process which brings us close to the last phase of building a safe basic entry road for the deployment of equipment . Divers in the Mano River are testing gravel to identify the best locations for mining operations and these will commence as soon as possible. Joint venture artisan mining operations are in the early stages do to the late rainy season. Harvesting of the 500 acre rice crop has just been completed and preparation for expansion is underway."
This report gives good insight on the type of steps they have to take just to get things going.
Good stuff keep it coming baby.
Yeah it seems the only way to accumulate more shares is to buy at the ask. Normally the only orders that get filled at the bid are all less than like $100. A common phenomenon with illiquid stocks.
Agreed. I don't remember who said this but I'll paraphrase it, "I like the fact that they are not sending out PRs all the time because that is a sign of a pump and dump scheme."
Which is very true, the period we are going through is normal for legitimate and highly speculative companies, they do not have adequate man power and money to progress at the rate we would like.
But I believe there is a distinct expectation of when to get the ball rolling, for me this expectation is sometime in December and the latest early January. After that I will be really pissed and John will get a rash of you know what from me and hopefully many of you, and I will consider cutting my losses and/or going short.
There is a limited amount of time of hard rock production due to the weather cycle and it is in the companies and our best interest to get that started as soon as possible. If they do not I will have to conclude they don't actually have the equipment and this is another pink sheet fake company.
But my honest opinion is that they will deliver and it will be one big happy shareholder community :).