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Speculation or do you know they are living on production and warrants as that has not been PR'd and we have not seen it documented in any Finanacials to this point. They may not care aboutthe price, but I can tell you I do and probably a few more that bought on the run over .02. Even after averaging down this is worth less than half of what I paid and I'm sure a few more like me. Now if you funded them and got shares at .007 and below or bought early, flipped and riding free shares this is no sweat, but not the case for most I suspect. News brings in buyers and gets the price up. Now I'm not saying pump fluff and pay promoters as that does no good but help flippers and traders, but if you have news let's get it out with the Fins, before this does get lower. Some of us don't wish to see you get a lower price :)
I hope not , but if this drags on to October, Nov. or Decemeber it certainly will as folks will take the loss. This is why they need to get this done and soon. If it is not done by the end of Sept. I suspect it will not be pleasant for SP as his phone will be ringing. As it is he's not replying to emails or at least mine.
what we have now is a bunch of folks just waiting. This includes bagholders and those few that got in cheap and held. No one is buying muh of anything because they are either tapped out or do not have the confidence to buy more. On top of that the lack of news along with the CE staying on keeps new money out so we all languish here. I hope the traders have left because there's no action for them and I guess that is why they continue to try and get it lower. Us baggies just holding on hoping they get their act together and this does not become another pinky nightmare. Nothing will happen here without some news!
I concur, but do wonder how much more time they should be given before we ask them to shitake or get off the pot. As the warden said to the comdemed man, "Sir your time is up"
Thanks. Problem is I'm not sure SP gets his information right since he also informed us all the FINS were to be in months ago and then had to leave us with an opened ended type statement. I know he does not have control over all that goes on, but best to get his facts together before opening his making any statements. Again, how long are we susposed to wait for them to do what already should have been done before we call BS on them? They keep dragging this on and we get in to tax selling season and the scare mongers will get their .005. SNEY needs to realize being public is a two edge sword. You get money without debt selling paper but it comes with responsibility to shareholders.
Question is just how long should it take if it was basically done and then why change firms in mid stream? Did they not do what you wanted them to do or was the work not done on a timely basis or some other reason? Is any shareholder pleased with the amount of time it is taking them to get this done and the cE removed and just how much longer time should they be given before we call BS on them? I think this a legit question.
I would, but the Finanacials should have been done already Art. I can see holding news back as if they were up to date any information could and should be part of the Fins. I do think if they had any kind of bookeeping they would be able to pull it together by now. If on the other hand, they are running a cash type business, they may have to pull the numbers out of their ---.
Sometimes these chiefs overstep their authority and will even try to ban free speech I hear. That can be dangerous would you not agree?
Class actions are great for attorney's and suck for shareholders. If you are a shareholder then you should give then a bit more time or just sell. It is apparent you have a beef with Mgt. and have lost money and blame them. I also am down a good bit, but willing to give them a bit more time, but my patience is also getting thin as to them completing the Fins, and updating us. Thing is most of the noisemakers on the board just want in at a lower price. We do need to get legit to bring volume and therefore the price up. We hit about 24Mil. shares or so on the run up one day. Now we are barely over 1 million. Come of SNEY let's get it going.
Yes, and we have been waiting for news for over 8 months and Ken has said NOTHING. What I want to know is what has Ken done to endear so much love and devotion from the longs here or are they just trying to hold up the price so they stay in a profit position hoping that Ken hands them another chance to score with another P&D? Because I have not seen him do anything but run his reputation into the ground and look like a lying scumbag.
Yes, I think they have to know that if nothing comes out this next months folks will be more than mildly pissed if not sooner. Confidence in the companies word is key. If you do not feel you can trust their word then investing here makes no sense for anyone. The hour glass is turned. (enough drama for you?)
Then they need them done as the longer this drags on closer to tax time the harder it is to hold the price as folks will sell just needing the loss (not me, I have more than my share) and if it last that long folks will just give up figuring SP is just full of it. You cannot string people along forever without results because if you do they eventually call your bluff and leave or call you a scam and deservedly so at some point. (I know this as do many in regard to another stock)
Been 8 weeks since last report on dredging results. Who else is ready for another update? I'd like to know if the continued work and for how long and what the estimated stockpile is. I'd like to know if they ever received and set up the equipment they ordered months ago. I'd like to know if they have started or finished processing and the results. I'd like to know what the plans are for the next 6-12 months and how the funds are holding up. As old Paul Harvey would say, Time for news. Let's light this candle!
Thanks again for the education!
Nice video. Here's one on why you should buy gold miners as they are undervalued.
http://finance.yahoo.com/blogs/breakout/buy-miners-getting-gold-1-100-fund-manager-213411149.html
Good point I guess you can see the old Oxbow lakes dried up years ago from aerial photos like when you fly over the Mississippi.I wonder how far they drill down into the soil to do the testing and just how many holes they would drill. Maybe they have been mapping out the area for sites.
Then don't you think all should know it and it should be PR'd by Parent, assuming that is where you got the information or are you just playing immature games?
The drill looks to be inexpensive, but very low tech and labor intensive.
Market looking sick. If Uncle Ben annouces nothing but allowing us to be Japan Part Deux then I suspect the market corrects. The next big hit will be the start up of Europe breaking up with the weak countries falling out of thge Union. Kind of doubt Germany wants to hold their water. THree recent signs of trouble at BOA. 1)Fannie Mae buys 500 million of mortages from them after the CEO meeting with the White House. 2)BOA sells off it's credit card unit in Europe which was a money maker. 3) Buffet whilst bathing (sure) decides he'll get a sweetheart 6% preferred stock deal and float $5 billion to BOA. Could BOA be nationalized soon? We all know it is way to big to fail. What will all this do to Gold? Are we really printing paper or are we selling debt. No huge signs of inflation. What if what Uncle Ben is really worried about is Deflation like Japan? Are interest rates being under 4% spurring home sales? Why not? Is it because people have no money, because loans are to hard to get with 20% down, or are many just waiting for them to come down even more. If we have delation versus inflation what will that do to the price of gold?
Thinking about it there are only a few reasons you hire an expert. Either you think you have something and wish to prove how much and the quality and you are looking to sell out or you are looking to go it alone. I do not see anyway without getting hundreds of millions in funding that SNEY goes it alone and then it takes years to set up processing of REES. I think you prove up the value and get it economically processed at the lowest cost to a point and then either sell it or JV to a processor and let them sell it to the end user.
I'd love to see a JV on the REE's with a major player like MOLY and we get keep the gold or heck give me a $1 a share and I'd be happy and they could buy us out!
Yes, at least if we know they are gearing up and buying more equipment then they have to know that it's purchase is justiofed by what they have found in the river. The only way we see $1 here is if they gear up and have 12+ dredges working and are pulling out millions a months in gold and other minerals.
Funny their motto- Tomorrows discoveries.... today How about the results of old discoveries from 19 months ago? I find it sad that all these folks were conned and still dumping more money into this rat hole. Wait until they do a massive reverse split and then another scam toxic finance deal where they crooks get millions of shares for half a penny or less and warrants to boot. What will they pump? Will it be REES for KATX or will they RM and pump BVIG. THe only possible way we see our money is if it is BVIG and we actually get our shares, but they maybe RS also 1:10. Ken will do another pump and dump so he can drill and dump shares for his last hurrah before retiring or doing work in the first for a legit firm assuming he stays out of prison or some PO'd shareholder does not pay him a visit.
Plague of locoust coming after the Hurricance you better watch out.
LOL
Well, it just did go down due to the CME raising margins 27% again for the second time this month. They are trying to kill speculators. This will help curb it temporarily, but as long as politicians do stupid this gold will head back up. It is only when they get their act together that gold will go down as perceptions change. Unless we make it the base of our currency then I'm not sure it goes anywhere but up, but I doubt that will happen unless we have a radical change in DC.
Just reporting what the guy said. I have no idea what happens. If I did I'd be rich. I suspect if we ever get serious about really balancing the budget and have massive reductions in spending and cut the baseline to 18% of GDP then gold will evetually tank. If on the other hand we continue in the current mode then who know where it goes on the upside. I just know in my 56 years the only thing that brings gold back down is sanity and that people believe that there are better alternative investments.
Yes, I have the same backwards problem and even when I get it right the comany does something stupid and sell out on the cheap before I get a chance to get back to BE. AS I see SNEY it is an all or nothing proposition. Either they have something and we all do well or this becomes another pinky due to Mgt. being iffy or poor at running a business and we go belly up. Still not sure which way it falls, but worth the price of admission to a point.
Yes, I'm at .0185 and not able to average down at this moment as I had wished I could. Like you I wait it out. Jury duty this week so not sure I'll be posting much or not. GL
Guy on MSNBC this morning said if we peg gold to the dollar and use it as a Standard gold would be $7000 an ounce. While that might help our investment big time not sure what happens to society as we know it if that happens.
But do they expect to get new shareholders acting this way? Do they expect shareholders down 70% because of their inability to take care of the things they should to be happy about it? It is give and take and again if they wish to plya like grownups in the world of a public company and not like a 14th explorer funded only by rich monarchies then they need to play by the rules. No offense intended.
I agree. NO way they would do that again. Not sure why the heck they did it in the first place. If anything they would do the opposite to get the share count down, but if they are ever going to do that they would need HUGE news so that the share price would not plunge after that. Gold up again, but off premarket highs as usual. While I somewhat agree with Dredge his comment about Mgt. as he may see if a bit differently having been in their shoes before and knowing what a difficult environment it is to work in. Thing is as a public company there is also responsibilities they take on knowingly to report on a timely basis and disclose material and substanial news to shareholders. So far, this has been out of balance and therefore the CE. I think Mgt. needs to also understand that many bought while this was up and are now down to 30-50% of their original value and maybe can empathize some in exchange for the patience given for all the delays.
What moron is selling? I sure wish I had some dry powder. I'd be buying hand over fist at these prices.
Funny how that one illigit company with supposed REE's was pumped and went to $10 a share and we have both gold and REE's and sitting under a penny. It is a crazy world. I guess if you pay $2 million to promote a scam that is what happens.
I guess with gold at $1849 we net much more than $1000 as originally estimated. I understand the secrecy thing, but if you are going to be public you cannot run like a cash company no matter what. You just have to have it one way or the other. I realize that can be dicey in that area. Hopefully, their relations are good enough to avoid problems in the area as far as theft and blackmail.
Good post. I do wonder about that money point. It seems they had over $600K and would have close to $2 million after the warrants. It seems to me if they planned this out they should not have a shortfall between now and the time the warrant money came. Either that or they figured, as I, that the gold would help cover cost. The cost of manpower is cheap. The dredges were paid for I thought. So, the cost would be salaries, supplies, gas etc. Since they are a small company the management the team should be taking lower salaries with share bonuses and then as production increases pay themselves accordingly.
so, you think they will promote for the insiders? I really hope not and if they do I will dump into any pump as they always crash and burn. It is my hope there is real substance here that does not need to play the game and that these guys want to build a company and revenue stream and get rich the old fashion way and not by duping and stealing from shareholders.
The big difference I see here it in one way this is not the typical pink in the respect you do not see some big promtions being done to lure in new shareholders. I guess if you are a trader or looking to get rich quick with a big move you might want that. On the other hand if you are looking for a company that will grow into a real one and not just another pump and dump scam company this might be what you want. One that has slow and steady realistic growth and is getting it's act together. For me at least I'd prefer SNEY become the later. I just hope that is the path they take. If Mgt. is honest and competent then we should be fine. In the end that is what it all comes down to any way. They have to be honest and know what the heck they are doing. Jury still out on proving this IMHO with the Fins. and numbers.
Gold up again another 2% this morning. I just hope we get going with some news before Congress gets back together. Who knows a miracle may happen and they could get serious on the debt problem and I think that knock gold back down somewhat, well at least temporarily, until the next crisis emerges. If, we have to wait until the election then gold could hit $2500 an ounce by then.
AS would I at this point. He can send it directly to me. LOL
Thing is they have to show us something because trust only goes so far. Many here are in another stock that the CEO has shut down any communication for like months. Sometimes silences speaks louder than words like with th eother stock it scream we don't have any money or minerals. So yes, patience is needed but so is proof that you have what you say you do. Like most things in life there's balance.