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I have no idea what he thinks. That message was in regard to another stock we both held at one time and he asked about it. I just know that another fluff PR without meat will do no good and I hope we are not being pumped for something that is just more air that will possibly be delivered sometime in the future and there to just string us along and get good folks to buy more. You see I don't like games.
WEll, if that is the case then they better have some freaking fantastic blow your socks off news because that is what we all have been waiting for since mid year. I mean like they processed a few million in gold, have a large REE contract for all we can supply at X amount per ton, have sold a concession for multi millions etc. If it is just more fluff that will not cut it.
It is done.
Steve
Balahi if you want the post you mention post your email and I will send it to you.
Yes, at that pace it will take them a long time to come up with any cash. I suspect Ken is selling to pay personal bills versus putting it back in the company since according to him he has not taken a paycheck since December. Yes, I got a reply from him out of the blue this weekend, but hey no one would believe it either way. I have nothing to gain. I have sold and my only hope is I get my BVIG shares and they either find something on HC or do yet another P&D and assuming I get the shares I can unload. At this point I'm not too hopeful unless gold goes to $5000 a ounce and maybe then it would be worth mining HC?
Over 1.2 billion is gold at today's market price. Amazing potential in Ghana. So, just how close are we to their properties and is it from the same source? I realize you cannot always use another companies success as your own, but if we are close and have the same source the odds are in our favor depending on what other mining has taken place there in the past and if we are finding new sources or just working with better equipment and getting what they did not have the technology at the time to get. Still can be substantial either way.
Let's hope we get real news this week. I really do not think the price can hold forever and even at that shareholders start getting piss when they think there are being played.
Yes, and you know the odds stink if these guys fail by mismanagement, bad luck, or due to illegal acts the chance of ever seeing your money is nil and part of the risk is buying a pink stock or for that matter about any small company in the US or otherwise because they have the money and few shareholders have the money or time to go after someone and even if you win you will get nothing. Crooks also know this. Been down that road. Now let's hope they get rid of any fears by me and many by getting the Fins out and results as to what has been going on since June.
Problem is a cash business just does not jive well with a public company where accounting of transaction and revenue is important. Many people that run cash businesses love it since no one knows how much they really make and they can skim off the top. It is like allowing a kid to have the key to the vending machine. Again, I guess it comes down to trust. I await facts to validate one way or another. I guess like many you hope you made the right decision trusting these guys to do what is right. I do know with pinkies that maybe a fools game.
WEll, I think it would have little effect on SP. Last time they announced it and to this day we never have heard if it arrived and if they are processing gold so them buying more equipment IMHO would just be fluff unless it was real and at this point we do not know what is real. Sorry, but without follow through PR's are pretty meaningless. I'm tired of speculation I want facts!
Falon, remember it is OPM. They make money either way and at this point we do not even have any accounting of it. If they are running a cash business it is open to abuse as the temtation of off the books cash is too much for many when you are on the other side of the world. I mean if they are crooks what are you going to do go to SL or Ghana and hunt them down? We just have to hope these guys are on the up and up and doing the right thing.
Me too! Saw that SC-P in the same general area as us some good numbers in Siera Leone recently as far as gold. Like Dredge said we have a ton of news expected. If it is good and hits we shall do fine. Hoping for the best and sooner than later!
Never said it was a scam, but if they drag this on indefinitely you have no choice but at some point to conclude it is. Case in point another company many here are bagholders in has not said anything since for about 9 months except they hired a PR firm. THis has also said nothing. If you do not produce and say nothing people will eventually figure it out even though many on that board are braindead, delusional, or waiting for a bigger sucker to pump and dump on. If this one takes the same route then draw any conclusion you wish.
Yes, I know how that is as we put 3 through college with no debt. Thanks for providing us with what you know. It is appreciated.
Yes, I follw what he says, but I do not know him. For all we know he could be a plant or an employee. Thing is with pinkies there are two ways to find out with most of them since they are not usually in your backyard. The first way is they stop communicating totally and then they BKT. and the second is they actually do what they promise and supply documented fins. and in our case product becuse until they do they are suspect.
Yes, but down from the high close to .03 to 1/4 of where it was. So, it has fallen hard. Now it is up to mgt. to keep their promises because I can 100% guarantee you if they delay to next year tax selling will take this down as folks give up and chalk this up as just another P&D pinky scam and you know it is true.
Do we know what we own? Good question. WE know what the company tells us and we know that they areas they are in have gold and diamonds. We have sources with experience in the ares, that also have confirmed the same, but no one really knows these experts, but we still trust what they say because they know a heck of alot more than we do. We know we have seen video. What we do not know is what they have pulled out of the ground, the financial picture for the last year or so. No one knows for sure, unless they have seen it, if they ever got the equipment ordered and have begun or completed production of the stockpiled black sands. WE are still uncertain about the viability of the REES or if they have a market. Not sure about the mystery item, be it diamonds or some other rare element.
So, unless you have seen everything or just feel you can trust strangers it is pretty much on faith that these are good folks that are honest and doing their best not for the shareholders. Let's hope they are competent and honest. If so, we should get news soon and if not there will be more tidbits of information to string us along. JMHO
Well, being a true long only goes so far. You don't believe forever just because you are invested unless you are just a dreamer. It is up to the company to deliver on promises and not just try and BS you along with fluff as long as possible until something might happen. If they are truly as good as everyone feels they will supply hard data or what they have processed and come out with the promised FINS this month. Otherwise, I say we call BS on them as they have had plenty of time to come up with some red meat to share with us.
Looks like the hedges are going out of commodities and rolling back into the market. Now watch after a few days they will reverse this trend.
I think at most we have 2 weeks and if they do not get those Fins out we will dive lower. Not sure what the hold up is and I don't know just how patient they expect folks to be watching either their profits or in many cases their values sink almost 70% and be happy campers.
Me too. Just got back to ATL. late last night. Funny thing is the meeting was at the Golden Nuggett. No lie. There I saw what they call the largest gold nuggett ever found. Here's a link and it is the same one I saw. http://www.roadsideamerica.com/story/14107
It is huge. I do hope this is a sign of good things to come our way.
Steve
Big Owl how can you say with a staright face we did not pay for them! We paid a ton. I had 6 figures in this at one point and kept buying more to get the BVIG shares. I lost 90K. Yes, I'm stupid for buying so much, but it was a sure thing or at least it was portrayed that way by insiders and Ken. Remember, "WE GOOD" Not onlt that but Ken so far has reneged on giving us our shares. He iduced us to buy and then never came through. Yes, IMHO Ken is nothing but a con and a crook!
Could you imagine what would happen to our stock price if we inked a deal with Moly to supply processed black sand concentrates?
Bastards!
OK so you have been talking about it for a month and it may take a few months. Hmmm? KInd of a big window. How about this one. If SNEY fails to back up their words with action before the year is out it will drop to .005 or lower due to tax selling and you get your death cross. If on the other hand they come through you get your Golen Cross and we get back to new highs. See, I have figured it out without charts and without any monkeys. I must admit my English Bulldog was of some help. At least comic relief!
Kind of liking this death cross thing today. I wonder what a death ray would do. Or since the NFL kicks off tonight a Sudden Death? Dang I forgot to check the magic 8 ball today that always works better than the charts.
not sure staying steady will reap rewards is true. It only works if Management is competent and there is a good market for what you are selling and at a price were you make money. All these things must be in place. You also need a business friendly environment that will allow you to prosper.
I guess my biggest question since that article is a few years old is what happened? Why are they now announcing they are going to start working it this fall?
Really? How do you know this. Try to find the actual amount of shares outstanding that is not outdated. Why have they failed to even pay the license fee in the state of incorporation? Why has Ken not fully disclosed the RR results. Having faith is one thing. Believing in someone that has now had 2 pump and dumps done on his stock in 3 years, failed to communicate with shareholders for 9 months now, not delivered promised shares and basically lied to many that called him is another thing. Ken must be judged by his actions and lack of any actions. When I first got sucked into this eveyone said how shareholder friendly and what an expert Ken was. They touted Olympic Dam and other big claims. We counted the millions we would make. BVIG was a sure thing and we all bought more KATX and drove up the price to get more. It was all a scam to play off the hope and dreams and yes, greed on our part. The only thing departed was our hard earned money never to be seen again. Wise up, smell the coffee and call this what it is a big scam. I suspect many of those FB buddies were in on it as the leader was most likely an early investor or funded directed and got millions of share at next to nothing and dump as he said at .16. We were conned by so called good people and friends. No doubt many were also conned but refuse to realize it and hold on to the dream. Well, my friend, the only way we see a dime is if they pull the same con on some other unsuspecting sucker and we get out BVIG shares and sell on the pump and dump. Sad to say that, but the way it looks that is their continued game plan. You pay Ken to drill and get a salary and they sell worthless paper to suckers like us!
Dead money. Look at KATX volume the last 2 days! Of course they will say no one selling. Sure they are not selling most all underwater and not willing at least yet to sell and take the loss. Most folks are bagholders and cannot come to grips they were scammed or they hold on hoping that Ken will throw a Hail Mary pass, but with little money but to pay himself and Timmy it is doubtful they do anything until the spring and that assumes they can find investors. Seems all they could dig up this year was $199,900. Just enough to keep the lights on for a few months and maybe keep some claims. Wondering if they have enough to make payments on what they owe on Cabot or they have to give that one back. If they could not find investors this year why would they next and what did they give up to even get $199,000. I do wonder how many shares don't you they can convert and dump.
What do you think happens with the price if we sign a contract with MOLY or the Chinese for 500,000 tons of black sands(REES) a month once operation gear up? Food for thought!
Have you seen how much REES have gone up in price? Do you know how much we have? UNtil we do everything is a guessing game, but with all prices going through the roof who knows. Sure, a stretch for now, but with two concession and say 20 rigs plus drilling who knows what happens. Sure I'd be happen with .10-.20 this year.
How can you in the same breath say it is going to $1 and wanting in lower at .002 less? That make no sense. The risk to potential reward in waiting if you think that is the case is upside down. I doubt with this many shares that SNEY will see a buck anytime in the near future. That is if you only look at what they may have in gold. On the other hand, if they are getting tons of Ree's and we get a big buyer for all we can haul the $1 price maybe too low.
Sney will stand on what Mgt. does or does not do. The naysayers mostly like SNEY but are Dollar General shoppers that think they are funny. Of course a few are just royal pains in the arse and I guess like being so. One thinks he's a prophet and quite a delusional meglomaniac. Just waiting for the big news that blows them all away.
Seems to me that bad of black sand may have just doubled in price. I hope we get moving while the iron is hot. There are not many suppliers of REE material and fewer processors. We have gold, Ree's and I believe diamonds and possibly another unnamed item.
whose 5 million share buy is that?
Yes, as my mother in law used to say so bluntly it is about time to shit or get off the pot!
This should help the value some of all our REES!!
http://www.china.org.cn/business/2011-09/05/content_23359179.htm
Assuming we had the same concession value and had production as they do that would make us about a .39 stock or so assuming all the warrants are issued. Just an approximation.
You know the difference between us being at .05 or aboveand where we are now is just getting current on the financials and showing we found a decent amount of gold. That would draw in new investors because without them this is dead money.
Not that I care about daytraders, momos and flippers, but for us to derive value we need buyers in the 20 million plus range for an extended time to make anything and for that to happen we need to get ride of the CE and good news. If mgt. cannot figure that out then they need to be replaced. If they need cash in the future and do not want to damage the price you want it high and not sub penny where all you get is toxic financing and pump and dumpers mostly. Not to offend any one here.