PeasantGirl, I TOTALLY agree with you about Charts and how they can't really predict squat. The chart can look like crap, and then a PR comes along with amazing news and Wow!, look what just happened!

I think that the charts just give people something to do while they wait around for another PR, IMO.

And wile I'm mentioning PR's, does anyone have a clue when the next one might be??

Charlie

Won't the dilution someday end and then the pps goes up?

Does anyone here think that this stock has ANY chance of moving up beyond .0002? I'm considering buying more to average down my position and it's so damn cheap right now. If this company survives then we'll all be sorry that we didn't take advantage of this.

Charlie

Adios Amigos. I think I’ve had enough, at least for now.

My first buy was for 400k shares at .0009 back in October. Right after the last FR I was so upset that I sold those and doubled my money at .0018. The rest of the shares that I own were bought for a lot more and I don’t want my emotion to get in the way of my business. I sold those shares out of anger, and I made money too, so I guess that wasn’t too bad. I felt that if I didn’t agree with the company’s attitude, then I should sell.

I also believe that once we buy shares, then we have the right to hold them for however long it takes to make a profit. This company still has lots of potential, so I’ll keep them and wait it out and hope for a big surprise July 15th. I bet it’s just a FR, and we STILL won’t see a friggin’ PR.

Reading this board used to give me a feeling of confidence in this stock. A lot of you are well informed and intelligent and were generous in sharing your wisdom and ideas. Some of you have lots of great experience and knowledge in mining companies. I have none, so it was good stuff for me to read.

But after all that, none of us has a clue about this company and what they may be up to. All any of us are doing right now is speculating and guessing. Here is one for you that I don’t think anyone has posted yet…. Isn’t it possible that perhaps Doug has a safe over in SL and he MAY be stockpiling production and just waiting for the price of gold to go even higher before bringing out his bag of gold and cashing it in? Just my own opinion and my guess is just as possible as any other right now because no one knows squat.

I used to be excited about this stock. Now… I’m just tired and frustrated.

Good luck to all

Charlie

I have a suggestion for ANY of the boards moderators. You can do this better, and with more validity, than any of us.

Why not search through the last 2 days posts and put together a string of 5 to 10 of the best stated e-mails regarding investors' frustrations at the last FR and e-mail it to Doug and John? You can put a very diplomatically worded intro and then they can have no doubt about how we feel.

Of course, I imagine that they already know, and didn't Doug say in the last FR that he is aware of what was being said in the Boards? Well, I consider this would be a good faith effort to let them know, beyond ANY doubt, just how frustrated we are with them.

Anyway, that's my two cents.

Charlie

John, What a disappointment! Why would he intentionally hold back information from us investors? All of us KNOW that he has at least a few months of production numbers that he COULD have posted in his last FR, but he chose not to. Why?

I have been a strong and true supporter of this stock since last year. I was so proud to have found it, and bragged about it to my friends and family. They looked at me like I were nuts. We had heard of penny stocks, but never sub-penny before and to buy one sounded like I was buying a company that is about to fold. “Not so”, I would tell them, “this one is about to do great things!” So I convinced family and a friend to open their own accounts and buy into SGCP.

We waited for Christmas, when we thought news of the Carbon Credits would come, but it didn’t. Maybe after New Years, but not then either. Surely by the next FR we will know, but no. Now we know that it’s the soft market. That’s understandable, but isn’t that something that SGCP KNEW about several months ago? That’s probably why they bought 1,000 trees, because they KNEW that they weren’t going to sell anything soon. Why not tell US?

Why is it that this company is SO anti-investor? What is the benefit of keeping us in the dark? Do they actually ENJOY being a sub-penny stock? Are they keeping the PPS down just so they can buy more of it on their own?

My patience has run out and I can wait no longer for this company to become forthright with us investors. I feel that this latest FR will not satisfy most, as it certainly hasn’t satisfied me. I feel forced to sell half of my position just to protect myself from the fall that might happen due to the lack of any production numbers.

I feel that the best way to keep us from a tail-spin is for John to submit a NEW field report and give us some numbers! If it is low, then just man-up to it and tell us, and if it isn’t low, then let us celebrate with you! This would be the best way for SGCP to at least keep its current value.

A not-so-happy Charlie

I'm glad to see people talking about diamonds this morning! Of course, ANY good news about SGCP is certainly welcome, but I've felt that we were forgeting how likely it is that LARGE diamonds can be found in SL. It is very possible that we may have found 10 million dollars worth of diamonds! What would that do to our PPS????

Remember this from a couple of years ago??

http://www.redorbit.com/news/business/1590757/sierra_gold_corporation_announces_discovery_of_diamonds_on_sewa_river/index.html

TORONTO, Oct. 21, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today discovery of diamonds on the Sewa River with the 8" dredge purchased from a South African company. The dredging operation produced over 10 carats of diamonds valued at US$110 per carat from its initial test run. Gold has also been collected and its values are presently being assessed. This equipment has the capability to process up to 50 tons per hour.

Sierra Leone is a major exporter of diamonds and is recognized internationally for the size and quality of its diamonds. The country's major source of hard currency has come from the sale of diamonds. Sierra Leone's production is characterized by a high proportion of gem quality diamonds. The country became famous world-wide after the discovery of the Star of Sierra Leone, a magnificent 969 carat diamond. In 2002, a 1440 carat, gem quality diamond was discovered in the Kono district, which was later sold in Belgium for approximately US$75 million. Sierra Leone has produced many of the largest alluvial diamonds ever discovered.

Doug Evans, CEO of Sierra Gold, commented: "I am presently in Sierra Leone and have witnessed the discovery of diamonds. We are excited about the diamond potential of this operation and the prospects of adding additional value to the gold production and to the company at large."

***********

as always.... it's just IMO
and still Long and Strong!
just picked up another 125k at .0019

Charlie

Thanks TOSCA! I was already thinking of buying more shares on Tuesday, but this convinces me even more that I should break open all piggy-banks and buy every last share that I can.

I bought Fannie Mae when it was only $0.40 and everyone STILL thinks that was a bad move even though I sold it at $1.60. I wish I had bought MORE at $0.40.

I strongly feel that all of us are going to be kicking our own a$$es for not getting as much SGCP NOW while it is still sub-penny.

When a PR comes KA-BOOM!!! we'll be in nickel heaven!

Charlie

I agree, eyeamgame! I'm game too! I went to DD machine ad MY finger hit the button too!

Has anyone called John recently to get an idea of when a PR or FR might come out?? I know we all are hoping for tomorrow.

Charlie

oK... Thanks for the clarification.

I guess they had a PR about the profit on May 17, and the filing was done on Saturday.

It's in Yahoo

The link for the quarterly statement is:

http://finance.yahoo.com/q/is?s=bgnn.ob
or just go to yahoo, clink on finance, and enter bgnn.ob


Period Ending Mar 31, 2010 Dec 31, 2009 Sep 30, 2009 Jun 30, 2009
Total Revenue 42 34 29 30
Cost of Revenue 25 12 14 11

Gross Profit 17 22 15 19

Operating Expenses
Research Development - - - -
Selling General and Administrative 140 177 129 149
Non Recurring - - - -
Others - 54 41 (14)

Total Operating Expenses - - - -


Operating Income or Loss (123) (155) (114) (130)

Income from Continuing Operations
Total Other Income/Expenses Net 1,503 (219) (201) 67
Earnings Before Interest And Taxes 1,380 (428) (356) (49)
Interest Expense 3 497 33 32
Income Before Tax 1,377 (925) (390) (81)
Income Tax Expense - - - -
Minority Interest - - - -

Net Income From Continuing Ops 3,014 (925) (390) (81)

Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -


Net Income 1,377 (925) (390) (81)
Preferred Stock And Other Adjustments (26) (34) (37) (37)

Net Income Applicable To Common Shares $1,351 ($959) ($426) ($117)

Hey! just saw a PR and it says we just made a profit!!! I thought you guys would be all over this and be posting all kinds of messages....

Shouldn't this kick-start the PPS on Tuesday morning??
Charlie

Expediter, read all out messages postd here... we are waiting for a PR or a FR SOON, and when that happens.... boom boom to nickels and dimes! all IMO,of course

Charlie

Tuesday morning I'm moving over some spare change from my checking account and also selling a very small amount of leftover shares in another stock that is a winner, but not going up anymore anytime soon. I'm going to try to pad my 1.3 million shares with sgcp with another 100k or so.

Sure hope I can do it BEFORE it pops!

I don't want to look back on these sub-penny days an kick myself in the butt for not grabing all the shares that I can.

Charlie

Thanks Properlynumb for pointing out the dates! You guys are GREAT at looking for details!

I was thinking that maybe it was stock options for John to sign up again with sgcp. It would give him some more skin-in-the-game and they'd want to do it now while the stock is still cheap. Cause we all know that this is shootin' up next week!!!! all IMO, of course

Charlie

No, I don't live in Cancun. I've vacationed there twice and really liked it. I'm a white guy that's lived in California all my life. I LOVED the people of Mexico, and their food, and attitude, and my god, nothin' more cute than the girls on the beach, or anywhere there! I'll be going back someday, someday after we all make lots of $$$$$$ from SGCP!

Charlie

I try to read through all the messages on here that I can until news breaks. Mostly it's good stuff, when the boys aren't puffing out their chests at each other.....

I'm in a positive mood about this company! Everything points toward good news!

John stepped down from Pres. to work on the CC's. Now he is back as President, so that must mean that his work on the CC's is complete. They MAY have sold and the lawyers are putting on the final wording of the PR... IMO of course!

AND I still believe that the mining production numbers will be good!

It's ALL good!
Everything is Beautiful!

Charlie

Thank You Cork for all the info, and thanks to all for the discussion!

I keep checking the sgcp web page for updates.... and it looks to me as if the home page has been changed. Today I'm seeing 2 green dots on the SL map that I don't remember seeing there before, hmmmmm ???? The legend says it is the location of the Carbon Credit projects. Is this new? Could this be the beginning of an update?

Or do I have old age memory and it was really there the whole time? Hey, I'm only 39 with so much experience being 39 that I'm actually in my young 50's.

Good to know all the stuff about John!

Charlie

I've read the e-mail to truelove from John.... and thanks Shannon!

The web sites also list phone numbers for Doug and John. I still feel like a small-time Newbie so I don't feel comfortable calling a company like this. But surely SOMEBODY from here must have picked up the phone and called.... but I haven't seen anyone post their results like Shannon did yesterday.

And I saw that someone posted Johns on-line resume yesterday. I noticed that he listed himself as President of SGCP until Jan 2010, and then again starting in May 2010. Did he just take some time off, or was there a real seperation and then he came back? Why weren't we told that our Presidet had left the company?

I'm glad he is back and I'm anxious for news! (we all are, I'm sure!)

Charlie

I'm absolutely positive Doug would do the right thing. I was just wondering if finding something big would delay him contacting anyone or announcing the good news.

I'm a big fan of SGCP and a big fan of Doug!

Charlie

I have a question. Most of you here seem to be very savy, knowledgeable investors with excellent information.

I was laughed at for asking this earlier, but I think that this is a very real possibility.

We all know that SGCP is mining in areas that have never been mined before. And we also know that SL is rich in Diamonds, and that recent history of civil war was funded at least in part by "blood diamonds".

What would Doug do if SGCP found a couple of ping-pong sized diamonds? Is he under obligation or contract to sell them in SL, or can he get them out of the country and sell them in the open market? Would the government demand a tax or piece of the action, or has all this already been agreed to and action plans already in place for such an event?

Wouldn't Doug delay any PR or FR until he could honestly tell us what is going on?

All of this is speculation and imagination, of course. I'm just asking for your opinions. It just makes sense to me that this huge delay in information could be because of something huge in the works.

Charlie

TrueLove, Hang in there and don't let 'em call you 'Tard without smiling back and saying.... "I'm soon gonna be a rich Tard".

Personally.... I believe AIMO, that soon, maybe Monday, we will get a PR or a FR with news about

1) Large diamonds found
2) Huge amounts of Gold mined
3) CC sales

Any ONE of these will send the PPS up, and it IS possible for all 3 at once.

Call us pumpers if you wish, but I'm just being positive and looking forward to huge $$$$$

Charlie

On that survey.... me and my family have 2.6 million shares. And I convinced a friend to buy 300k shares.

I know we've done the right thing!
Charlie

Who watches QVC??? Old People. Who buys stock? Stock like this? Well, it's not going to be the 20 yr olds... so, IMO of course, the old people have had the weekend to think about it and now they are all our new newbies and Bless 'Em!!

I wonder if someone watching QVC has figured out a new use for the mats? Could be used to sound proof a room, for instance?

Charlie

I didn't realize SL diamonds were such a big deal.... Call me an illiterate newbie who just didn’t look it up until now. I knew that we COULD find SOME diamonds while mining for gold, but big ones????
http://sierra-leone.com/blood-diamonds/
(from the web page)
In 2000 the UN Security Council imposed a worldwide ban on the export of diamonds from Sierra Leone, where the trade helped to pay for weapons used in the civil war.
The embargo intended to crack down on the illegal trade in diamonds exported through neighbouring countries which had funded the campaign of the Revolutionary United Front rebels (RUF) in the east of the country.
The measure prohibited the export of all diamonds except those whose origin is certified by the government in Freetown.

******************************
I knew that SL suffered through a bloody civil war, but I didn’t know that diamonds played such a big part of that and that mining them and selling diamonds mined in SL was banned! So…. Now Doug is in there actively mining what was once banned until recently!

And the diamonds in the past were SO BIG!! I saw somewhere that the size of some of the diamonds found there was 600 carets and more!

So….. isn’t it possible that SGCP has found a huge diamond or a large quantity of them? Could this be why Doug has delayed any PR or FR, so that he can deal with the politics of finding huge diamonds? We could be making more in diamonds than we ever did in gold…..

Charlie

Great Letter!!! Did you hear anything back??

I feel like a kid waiting for Santa Claus .... Is He here yet??? how about now? Now??

Charlie

(are you Shannon from yahoo??)

Good Volume for this morning! Any clue about News or FR? God it would be nice to hear something today!!

Risk takers make money while conservatives count the money they already have..... I've rolled the dice, bought the stock, now waiting to see what comes up.

GLTA

Charlie

Wow!! SGCP is up 22%, 4 ticks to .0022!! and that's in the first 30 minutes!!! We are going to fly today! This pig is airborne!!

Charlie

Thanks for the info STI, and gad to hear that Doug is doing well. I'm a big fan and just didn't want a rumour is get ahead of us. Thanks again for letting all of us know about Doug.

And the Gold levels... well, it doesn't hurt to be positive, does it? And they COULD find a huge diamond or suck up a ton of gold.

Can't wait till tomorrow!

Charlie

LOL! I was thinking that maybe someone call Doug or John and ask how Doug is doing. I'd leave the Blood extraction to the vampires. It's my guess that Doug had the flu and that it got distorted to be malaria.

I've got a real job, so no more time fo me.

GLTA
Charlie

Has anyone CONFIRMED that Doug actually has malaria?

Or is this just a rumour that continues to grow in the void of no info? Just because it gets repeated 20 times doesn't make it a fact.

And I refuse to believe that 28 oz is all we will get this season. No one actually said that, but they infer that when they say that the rainy season has started and not to expect any more gold this year. It may be true that the rainy season has started, but the last FR was for only a few weeks of production. Surely there will be much more to report, IMO.

Charlie

I think that you guys are a little low.....

The first 28 oz was only for production to March 13. The mining season was only going for a few short weeks. The next report will be for a much longer time period, so the pan mining should be much more, and if you are figuring that the Mighty Dredges will produce 10x that, well, let's say that it could be 20x more.

I'm betting that they come in with over 500 oz AU. Of course, It's MY OPNION and others should buy at their own risk. I'd risk more powder if I had it!

Charlie

"How did I hear about ITRO?"

Well, like I said earlier, I was looking for companies that did well a few years ago, got creamed in the recession, and could come back. I looked on hotpennystocks.com to find a few companies with high volume and looked at up 5 year graphs. I liked what I saw for ITRO and think we could reach those levels of 5 years ago. I'm pretty much a rookie, so that was about it for my DD. I was watching ITRO back in Oct 2009, an it shot up! I jumped in thinking it was on it's way to a nickel, but it seems I bought high at .0029.

Since then I've learned more about ITRO and I like my choice. I'm still waiting for that nickel to make us ALL happy.

GLTA
Charlie

Hey Feddup, Thanks!

Thanks for all the info an opinion about Q1. I'm new to ihub, and I've been investing for about a year now, so I'm positioned for the recovery. I tried to pick companies that did well before the depressing recession and looked like they would rebound with the recovery. Check out sgcp! I'm anticipating great things from them as well!

I didn't think that we should expect Q1 to be a bad quarter, so thanks for your prospective. Didn't they have to borrow money to make enough fert for the demand during the winter months? So shouldn't that demand continue through the first quarter? That was my thought anyway.

I read your apology on Yahoo. You sound like a very knowledgeable person with a lot a passion. GLTA

Charlie

When are we going to get a new financial statement from the company? Isn't it due? Of course, a PR would be nice, but aren't they supposed to file something about the first 3 months by now?

I'm sure it's going to be good news and it'll help the PPS.

Charlie

An Open Letter to Doug Evans

******************************
Thank You Everyone for the warm welcome that you gave me after my first post here! this is my first year of investing in Penny Stocks, and I still have a real job, so I don't spend a lot of time doing things like this. I wrote this letter to Doug a few weeks ago and thought I'd share it here wth you.
**********************************

An Open Letter to Douglas Evans

Dear Mr. Evans,

I don’t know if you’ll ever read this or not, but in your last Field Report to stated that you are aware of what’s being said in message boards, so I’m hoping that you will receive this message.

There have been a few bad apples using the anonymous internet to spread their negative emotions and outright lies for reasons we can only guess. It was wrong for them to do so, and their gossip and negative dialog may have hurt the stock. It may have caused new investors to walk away when they may have invested had these few bad apples not spread their lies. That’s a shame because I’m positive that your company will be successful.

And that’s my message to you today. There are plenty of us that are watching you and your company and, I’ve said it in messages here before, I’m PROUD to be an investor. I’m proud to be an investor in a company that is doing much more than just making money. You have made a positive impact on the lives of the people in Sierra Leone. You’ve helped them grow crops to feed themselves, and even to sell for profit, and now with the Carbon Credits project you’re taking this to another level. These trees that you’re planting will not just be used for the Carbon Credits, but, years from now, the lumber from harvesting them will start another industry which will further benefit the people of Sierra Leone.

Mr. Evans, I think that you are a good man with a big heart that is being way too humble and modest. I hope that someday you will be able to tell the world your story because just maybe it will inspire other companies to do good things as well. Isn't this something that Tony Blair and Bill Clinton would support? I can just see a magazine cover with a picture of the school children of Sierra Leone holding a crayon drawing of a rainbow and you pouring a pile of gold onto the end of it. The story headline could be “Gold leads the children of Sierra Leone to rainbows of hope”.

Best Wishes for your continued success
Charlie

An Open Letter to Doug Evans

******************************
Thank You Everyone for the warm welcome that you gave me after my first post here! this is my first year of investing in Penny Stocks, and I still have a real job, so I don't spend a lot of time doing things like this. I wrote this letter to Doug a few weeks ago and thought I'd share it here wth you.
**********************************

An Open Letter to Douglas Evans

Dear Mr. Evans,

I don’t know if you’ll ever read this or not, but in your last Field Report to stated that you are aware of what’s being said in message boards, so I’m hoping that you will receive this message.

There have been a few bad apples using the anonymous internet to spread their negative emotions and outright lies for reasons we can only guess. It was wrong for them to do so, and their gossip and negative dialog may have hurt the stock. It may have caused new investors to walk away when they may have invested had these few bad apples not spread their lies. That’s a shame because I’m positive that your company will be successful.

And that’s my message to you today. There are plenty of us that are watching you and your company and, I’ve said it in messages here before, I’m PROUD to be an investor. I’m proud to be an investor in a company that is doing much more than just making money. You have made a positive impact on the lives of the people in Sierra Leone. You’ve helped them grow crops to feed themselves, and even to sell for profit, and now with the Carbon Credits project you’re taking this to another level. These trees that you’re planting will not just be used for the Carbon Credits, but, years from now, the lumber from harvesting them will start another industry which will further benefit the people of Sierra Leone.

Mr. Evans, I think that you are a good man with a big heart that is being way too humble and modest. I hope that someday you will be able to tell the world your story because just maybe it will inspire other companies to do good things as well. Isn't this something that Tony Blair and Bill Clinton would support? I can just see a magazine cover with a picture of the school children of Sierra Leone holding a crayon drawing of a rainbow and you pouring a pile of gold onto the end of it. The story headline could be “Gold leads the children of Sierra Leone to rainbows of hope”.

Best Wishes for your continued success
Charlie

What it takes to go long with SGCP

********************************
Hi everyone!
I'm new here. I've been exclussive to Yahoo's board until tonight. I've heard that you have more info here. Here is something I put in Yahoo recently.
********************************

1) A little bit of money to buy in.
2) A whole lot of patience to wait it out.
3) A sense of humor for when others bash it with stuff they make up.
4) Low expectations for PR’s, because they just aren’t going to be very many of them.

What’s been happening, IMO of course.
The company has been losing money, in the past. But, they have also been finding Gold and Diamonds. Production methods have been basic, compared to what just came online! In the past they have been using shovels and pans and sluice boxes, but now (just this month) they have started up two massive 8” dredges. We are all anxious to hear what this has produced, but again, they don’t publish info very often. They also have been mining several new areas that look promising.

And then there is the Carbon Credit projects. They have 3 of them and we are waiting to hear about their first sale of these credits. It could be worth 10’s of millions of dollars, or even 100’s of millions. Everyone is just waiting to see what happens, but when it does, we will all be very happy to have had the patience to wait.

So, get in now while it’s still cheap, take a breath or two while waiting it out, and make sure to smile when others bash with stuff that they just seem to make up in their heads.

This stock won’t move much until major news breaks. I expect to see it see-saw up and down from .0008 (my first buy) to around .0035. That’s nothing to get excited about. I’m in for the big stuff, and I know it will come if I just have the patience to wait it out.

GLTA
Charlie