THE ALL-Knowing SGCP TRUTH TELLER!
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Will SGCP lose 5 % of value today? For the last 3 trading days SGCP has lost 5 % each day. This sgcp just keeps sinking as gold prices soar.
Well, the pps is mostly down because sgcp failed to find gold. Another reason is that sgcp has diluted the pps by releasing more shares to pay for lavish management excesses.
I have just received an e-mail from john(SGCP) about the hoop diamond. John was pretty cagey but i managed to get the reply that he is not ruling out finding a diamond the size phreshmeat alluded to in this posting:
"I mean no disrespect personally but this place (Ihub) is a very
funny funny place. Folks express opinion as experts ... making
predictions based on just about anything we can all think up.
I am not making light of any's opinion but at the end of the day
we are all left following our own dd. What kills me is that
there are so very many ps experts, mining experts, ag experts,
dupey type experts, etc. yet no one can tell me why SGCP is
hiding the fact that they have discovered a basketball sized
diamond. It is my opinion that really have discovered this
diamond and that they have named it the SGCP HoopBall Diamond of
Sierra Leone. This is why Doug had to go back over. In my
opinion my friends The Hoopball Diamond of Sierra Leone is a the
real deal. It is also my opinion that SGCP will be so stinkin
successful it will hire dupey as the manager of it's newly
purchased basketball franchise to be put in Pittsburgh, PA."
~~~~~~~~~~~~~~~~~~~~~
So, I now heard from phreshmeat this morning that he was disavowing a tremendous tip that sgcp had already uncovered the hoop diamond. Naturally i am disappointed as i am a big fan of pittsburgh.
IMO, SGCP failed to find the proper spots to dredge, probably from incompetence. IMO, there is not enough gold to be found at the spots in the river SGCP is dredging. IMO SGCP will go bust. IMO, the sierra hoop diamond may be found, but not enough gold.
I submit, it is Not JMO. ttMasher post the same in 54104
Follows his post:
"Hope you are right this time! I would like nothing better then to see SGCP much higher! But with past performance that has been reported makes a person/shareholder doubtful! I posted 105 ounces, of course past quarter! I realize that SGCP has produced more if you add up the past years! But, far short of avoiding "DILUTION" and the "LAVISH" spending, including the constant traveling back and forth by Doug/John! It is no wonder that SGCP is not doing well, "NO HANDS ON MANAGEMENT", DOUG/JOHN, stay there and run the business at least for a 12month period! No more "MAYBES" this qurater will define the future of SGCP, and its shareholders!"
A dream that has not been managed well enough to become reality,
SGCP has failed to become profitable. No, it is a case of a company bleeding investors savings.
So speculators are driving gold prices, and gold producers are not benefiting? It does seem incongruous. Only thing that makes sense is that some gold producers are seen as being or about to be profitable and some are not. Sgcp seems to be in the latter group.
Good true post , Masher..It does seem you have hit the nail square on for showing how sgcp pps has been going Down.
Kinda makes one wonder with gold prices so high why sgcp pps is so low. It must be that the world considers sgcp to be a bust at finding gold and making a profit.
My Gosh, SGCP pps Down again! Will this end up being the trifecta of down days in a row? This is definitely not looking good, i don't see investor confidence in sgcp growing or any indication of a move up in pps before the next PR.
The masher is right on the numbers of sgcp pps. How much was dilution and how much was due to management incompetence and the lavish lifestyle they maintain on shareholder money?
I expect a constant dilution by sgcp while the sgcp holds out on the next actual statistics of gold and diamond results until november.
So, exactly how much did sgcp get for selling Carbon Credits?
My GOSH! 2008 was a year of gluttony by management of shareholder money!
Management 192,000.00
Miscellaneous 2,375.00.-Wink: Is that entertainment, going price for..Wink,wink.
Office Expenses $73,322.00 - Wink
Professional Fees 25,170.00 0.00
Transportation 22,110.00
Travel $87,275.00- Living it up high on the hog of shareholders contributions.
So SGCP ended up with NOTHING?? on CC? How is that helping the bottom line?
I was looking at the 2008 forms filed for sgcp, very interesting reading about travel and entertainment expenses, very expensive!
Excellent POST!But you left out a very important question:SGCP's HoopBall Diamond of
Sierra Leone>..But i doubt you will get an answer to that or your other items you brought up. The lavish lifestyle that SGCP management has set up for themselves uses up a LOT of shareholder wealth.
UPDATE:..No, i actually am partly convinced SGCP is in the ocean dredging field..So, are we all agreed that whoever goes to SL must find the hoop diamond,take pictures of it and report back the assay figures that sgcp is hiding from all of us? I am calling john to verify that the company is not involved in ocean dredging either.
and yes sagan, everyone is right when they agree with my opinion.
Bye all, i reached my 15 message limit. HAV'A good evening.
GOSH, I agree with sagan!!!!!!!!!!!
(MAYBE: SAFE HARBOR,LOL)SGCP trailing even or DOWN! ALL day! Stock is acting ill, maybe terminally ill since the PR.
All will be there on the next report,
Gosh, the sgcp stock just plunged!
You will probably be able to get out at your price spec, GL. Hopefully there will be a speculative move up for you before the fr.
I have no short position on any stock. I prefer to anticipate a climbing stock. The history of sgcp is not that of a winner, but a loser. I would not short a stock that would be worthless anyway in the next PR.
Gold at 1492.80.SGCP stock going nowhere. No excitement building on next FR, the company has reached rock bottom in investment eyes and is not worthy of further investment..
The company will not survive another miserable production report. I don't in my opinion expect another PR until november at which time sgcp will have already sold several hundred million more shares to buttress another season.
The ancient gravel was washed and contained ziltch! Obviously the overburden was removed first. Then in late feb and march gravel was removed. Processing the gravel led to the pitiful gold numbers in the april PR. Therefor this season in the numbers(where it counts) is a Bust!
You went on to assume.. that the sand was being culled, when it Was the Gravel.
I concur, then the next Production report will turn bearish.
You're=certainly=Keerect CancunCharlie, the "ancient" gravel is a bust.
Just as long as SGCP shareholders don't help with money meant for generating profits. Profits, not nation building should be on sgcp radar screen.
About time for a sell down in sgcp stock in the next few minutes.
No worries for me, i sold out of sgcp and am just sitting on the sidelines trying to inject truth into the board. Peaceful knowing that i don't need to wonder what excuses will be thrown out there by sgcp.
"They'd have to commit to the entire 12-14 day period as well, since the company couldn't drop everything if a guy changed his mind 4 days into the deal."
Just look at what cork said on his post above
So the sgcp won't allow the investor to leave and wants to provide security? HAHA, You won't be in kansas.
I have a numbered account so if everyone agrees, i will allow investors to pay for my rt first class ticket. I have already had all the requisite vaccinations, but i will get my own security from SL. I would like to set KQ as the airline of my choice and i keep the frequent flyer miles. since i fly out of jfk,should be cheaper than co. BTW , it is jfk not raygun.........still in the minds of serious travelers
No, i've taken the vaccine shots.
In fact, i am dead set against any proposal that an investor will get held hostage by sgcp and unable to leave as cork said the company said. Obviously this could be a dicey situation for that individual. No doubt he might get coerced or bribed is a possibility.
Yes, it has a dollar sign in it and works very well in certain sierra leone circles.
Sorry, but every shareholder is holding shares that are meant to return cash, not promises that get broken,ie someone has malaria, someones trip is delayed.
Well, i do travel aftrica extensively, and have a contact in the SL government so i would not contribute anything for one of us to go.