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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.
I do hope they have two operations but would like too first seeif they can even handle one and get the FINS up to date and results from SL. Let's just get it done and no more BS!
When I say cash, I mean extra cash. I have a safety fund and retirement funds outside this. I guess a better question is should anyone be in penny stocks considering their reputation? I understand their is a risk, but the risk I hope to avoid is that it is a scam with folks more interested in selling a dream and paper than an investment. There are pretty good con men that do this for a living.
I question that comment, but only time will tell. Do you invest more thinking that everything is going to get done soon and risk that it never does and this goes down the crapper or do you wait and see if they come up with the FINS. and good report on SL and just pay a bit more? Assuming, I had the cash, I would wait as I may have too much invested anyway. Now if I had a crystal ball that said 100% for sure it is all coming this month sure I'd beg and borrow to buy more shares.
If we all knew good news was coming we would find more money in the sofa cushions, but at this point we are betting on potential, the honesty of management and their ability to run a profitable company and be good stewards. If this was not of question the stock could be trading at 10X this amount. We await real confirmation and not speculation. I'm also holding for the story to unfold and hopefully in our favor. Good luck to the longs.
It is if you believe it was more a smoke screen. This is what happens when you do not build a base of trust with shareholders. People become flippers and sell on news. They have seen so much BS with penny stocks they do not trust anyone and to this point it is apparent that SNEY's mgt. has not done so with shareholders. What I expected would happen with this news. Now if the FINS. and SL results came out and were what was expected or better and this came out I think you would see better results. JMHO
I hope so also. While the news is welcomed it does make me wonder if it is just not being done to appease the masses of shareholders that really wish to see the Fins. and what has been found and the progress in SL since that is where they collected all the gold and black sands. While Ghana could have a big impact on our future, if they cannot handle SL and do it right why should we believe that Ghana will amount to anything. They have not built a base of trust to move forward yet and until they do I highly doubt the potential promise of future results based off others success in the area will do much of anything to help the stock price, bring in hordes of new shareholders, or bolster buying. We need the Fins and SL results and no other distractions. Sorry, just speaking my mind.
Amazing the believers still think Ken is the Messiah and will bring them to the promise land. So, they continue to pump old news and still claim well, we found minerals in every hole. Well, answer me this brain surgeons. If you found enough minerals to entice folks to drill more, especially with the price of Gold and Silver being near or at historical highs, do you think investors would not be pounding their doors down to fund them? Now how about REES? Same thing there kids. Still, do you see anyone stepping forward to back Ken? The logic of this I love Ken crowd is totally lacking. Either they are brainwashed, trying to keep the lie going hoping for new suckers, or just cannot accept the truth that they have been conned. Difference between me and them is I accepted it long ago. And if you ask why I'm still here? Well, if he pulled a pump and dump twice already what is to stopped him for going for a Trifecta? That way if I ever do get my shares, which is very doubtful at this point, I can sell on the pump and just maybe get a small fraction of what I put into this POS back. BTW, Thanks to the AH that conned me into getting into this. Said in a very sarcastic overtone!
Since they were nice enough to tell us the separation equipment was ready for shipping 3 months ago it would be nice if they told us if and when it arrived and was up and running at least. That would have been a nice tidbit to know because then we could get a better idea when the stockpiles would have been processed. For all we know either nothing has been done in that regard, something has been done or it is completed and results are in. As we are now we are in limbo. I we get enlightened soon. Have a great Holliday. I'm going into the storms on the coast!
Gold back up over $48 an ounce on the continued bad jobs report and revisions along with less hours being worked. This would make one possible believe that the Fed will ounce again stick it's nose into things and continue to inflate and thus $2000 gold could be upon us by years end. Get ready for massive stimulus programs kids!
Yes, I realize we were both believers in that other company and found out the worst. Could it happen here again? Yes, it could. I do feel a bit more confident here since we have parties (that if they can be relied upon and that is always a question on chat boards) that have verified information. I do feel that other copany was a direct P&D by a group run by a certain person in Tx. I feel they funded the company in its early stages and got cheap shares at .0025 and pumped the stock selling around .16 for 64X his money. I guess with 10 million shares you could afford to spend some on promtion also. Seems yet another filing was done for another round. It will be interesting to see if history repeats on that one. It is always buyer beware it seems as there are many that find it easier to scam people out of money than work for it and find this to be some sort of game or sport to lie, cheat and steal. I just feel sorry for folks like that because they are hollow inside. Good luck to you.
I have no crystal ball, but I do know one thing. If all these non owners of the stock come here daily to bash a sub penny stock there is a reason. Most will buy in for what they consider the right price. We have been told it is .005 by many. So, it is obvious they like SNEY and believe that they will come through and have the goods, but prefer to get in lower and sell for a quick pop versus building a position and selling once the company proves itself. We are all grown ups. Too bad you guys cannot just be honest about your intentions, but I guess that is just part of your game.
Yes, but if they wait until next spring to get out the Fins. then this is a scam.
I see the vultures over head swarming and waiting for death to start picking at the remains. Thing is you could be right, but as soon as the Fins. and news hits this takes off assuming it is as good as we hope or better. If they drag on until year end I figure we see lower prices, but if not then you miss out because once news hit this takes off. Better to buy start a position back in now and buy more at every 1/10 drop then miss the boat completely don't you think? THat is if that is your game to trade and get the lowest price and you believe the company runs back over .02 again or better.
Gee, Jim can you be more blunt? Maybe your inside information and knowledge of the players is much better than mine to instill such confidence. Thing is with pennies the odds of working with crooks and cons is much higher than honest and competent businessmen and I think there is no denying that fact. I'd just like to know that they are the later and not the first.
This is kind of long but if you can listen and watch they go over REES and the prices have gone up tremendously. Worth listening to just for that.
http://web.streetauthority.com/m/srw/SRW01/player.asp?TC=SRW336&utm_source=NL-SAD&utm_medium=EMAI
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!