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Yep 8" dredges are for commercial production. Anything under that are for amateurs who just do it on their own time.
Also,another company to compare with is SGCP (Sierra Gold Corp). They also use 8" dredges and are located in Sierra Leone. They were able to produce only 197oz of gold over 6 months and 137 pieces of 52 carat diamonds. And their share price has honestly gone nowhere... I'm not saying that's going to be the same for Sunergy since they're operating on completely different properties. But this is just some way of comparison between the two companies. Just some food for thought.
You shouldn't be asking if the cost of the dredges are justifiable or not. It doesn't matter. What you should be asking is whether or not the dredges will be able to produce as much gold as management says they will. And if the property really has that much gold.
Most companies mine the gold instead of using dredges. I'm sure we can all agree there is a lot more gold under the ground than on the surface of river beds. So is this unorthodox method actually productive?
new to this board. I'm doing my own dd now to decide whether or not to jump into this stock. I just looked at stervc's dd on the share price valuation.
http://goldtent.net/wp_gold/wp-content/uploads/2009/10/0023.jpg
This is a link to a picture of a bar of gold, exactly 1kg = 1000 grams.
Now I'm no expert at dredging gold. So can anyone tell me if 1350grams per hour is possible from just one dredge? If it is, we're looking at close to $64,000 in revenue PER HOUR, which seems far-fetched. The management over at Sunergy has predicted revenues of 30-40 mil while stervc has it all the way up to 100 mil. I'm not bashing on stervc but seems a bit exagerrated to me. BUT, I am no expert in the industry nor have I found any evidence that Alan Tree's product can do what people say it can.
Anybody who has worked in the industry can confirm that the dredging methods of this company can actually net us this much revenue? Seems a bit too good to be true especially for a pink, but I can't say for sure since I'm not an expert. Anybody know a large gold company that used the same methods to acquire gold? All the companies I've seen so far get their revenue from gold mines.
Btw, I'm open to all ideas so feel free to tell me I'm wrong but if you do please back up your opinions as I am considering in investing. Thanks.
do you know why the depth set for one casing is so much higher than the other? any feedback would be great. thanks.
The last time the website for the oil wells got updated, a PR came out a few days later. I'm hoping and almost certain this will be the case as well. For what it's worth, I'm deep in the red right now down almost 50%. I will be holding this for many months as I have done my own dd on this stock and am confident Chris will follow through. GLTA the longs and for those who have confidence in this company.
is that supposed to be significant? All I see is the completion date of the casing was yesterday? Does that mean they are already pumping out oil today? Any oil experts here that can let us know where this is good or not? Any help would be appreciated. thanks.
haha yea a bit invasive. But necessary for those who are being swayed by the unimportant details that people have brought up. This ultimately clears all doubts about the identity of Chris Rainbolt. I just hope the production numbers that should be released soon are high enough to push the pps back up and hopefully into pennies. Btw does anyone know of a startup oil company similar to Corestream that we can do comparisons with? That would be helpful imo.
wasn't the approx. number 75%? or did I miss something?
I'm expecting news to come out either this week or the next. Even if it doesn't, the oil is there. It's not going to disappear haha. I'm confident the pps will go back up in a month or two. But if it doesn't I'm willing to wait till the summer and see where it goes from there. By then, the 2nd well should be up and running since hunting season will be over, and quite possibly ZLUS will have more wells. Rainbolt has proved himself to be a guy who doesn't just sit around and wait for things to happen. His ability to get a well set up (not yet completed at the moment) within his estimated timetable of 6 months is enough evidence for me.
yea so did I. Thought I missed out on some info on the date of his return. The sooner he does the better, so he can give us info on any upcoming PR releases. :)
when is he coming back again?
lol really? 5 dollars?....HDY's lowest PPS was $0.24 before they started their slow but steady climb to $5 over 2 years. ZLUS has a SUB penny PPS right now. Even if you were to wait 2 years on this stock I doubt you would reach $5 let alone $1.
i thought a member here was going to inspect the drilling sites? what happened to that?
Oh wow, that's actually good to know. No wonder he was able to get things going so fast.
where do you see this going in a month's time? assuming the news with production numbers delivers as promised?
yea i was like that too a few weeks ago. real bad for your mental health haha. I will wait a year for this. Hopefully it will run to 10 cents by then if Rainbolt continues to deliver as promised.
If you're a long, this is what I would do. Stop watching the ticker second after second. Obsessing over the pps will just make you more and more disappointed. If you've done your own DD you should know what ZLUS has: 2 wells, the first should be in full production by the end of this month, the other will also be in production in a month or two. Stocks don't rise to pennies in just a few days, that's just unrealistic. One thing I can almost guarantee you is that this stock will not plummet back down to triple zeros. The fundamentals are too strong for that to happen. And also, with oil prices constantly on the rise, there will be more and more interest in this stock. Patience is key, especially with a company that actually HAS something in play. Take a look around at other pinks. Most of them are nothing more than empty shells or companies with PLANS to generate revenue, and usually they never follow through. So with all this said, you should relax and check up on the pps occasionally. Staring at the screen constantly won't make you feel any better. And by the way, I'm also in the red like you, and waiting for the end of the month production numbers to be released. Hopefully by then, the pps will be up to where I bought in. GLTY
i wouldn't be so sure about that. It was announced in the last PR that we should be producing oil by the end of the month. If that's true, people will be expecting the PPS to rise due to the revenue ZLUS will be making. The PPS is based mainly on expectation which was pretty evident in the last run to 0.0057. If ZLUS is doing what they promised, I predict the PPS will rise to pennies in a month or maybe two. This is just my opinion.
anybody know if Rainbolt or any executive member is holding any shares?
birdgangstocks is trying to pump this stock again. May be a good or a bad thing depending how you look at it...
wow about time. had my finger on the sell button this morning. good thing i told me emotions to gtfo.
sorry, but can anyone explain the 0.0045 after market trade price on e*trade? I'd really like to hope someone is pushing it back up. Thanks!
haha no just suggesting you should never consider other people's opinions and suggestions to buy or sell on the stock market. just look at my previous posts, I've been wanting this thing to go up ever since I've bought it. Anyways, can anyone confirm whether the 0.0045 after market price trade on E*trade is legit or not?
i'm not suggesting anything lol. In any case, my suggestion should not have effect on your decisions. That's just what the chart is telling me. I'm already way in the red :( but I have confidence in my valuation of the stock, so I'm going to continue holding. Besides, if you're a long term holder, drops or climbs like these shouldn't affect you in any way. Long term holders are looking for the end game, which I assume is pennies. Don't forget that what goes down always comes back up. There's still a lot of potential for future momentum such as the production numbers for the 2 existing wells as well as new leases on other wells. This is all just my opinion. Just remember that what I want may not be what you want. So always do your own DD before deciding what to do. I may have already dumped the stock for all you know and staying on this board just to drive the price down and buy back in :P.
we dropped past the first support at 0.0045. The second support is at 0.0029 so hopefully we'll hold there.
hope it's not a mistake or delay of any sort. A jump like that could only suggest that it's being pushed up.
wow, why such a big jump from today's close?
back up to .004
we MIGHT end up green (emphasis on the might :P)
every time the pps drops like this it just shoots back up higher than it was before.
back up at 0.0038 again. This needs to break 0.004...
yea...man emotions got the better of me haha guess ill ride the wave like everybody else. I'm in too deep anyways.
i want to know to, I"m considering selling now and buying back in when it's cheaper...
Quick Valuation of PPS:
60bopd x 365days = 21900bopy
Using last week's pricing of oil at $88 (which is most likely going up)...
21900bopy x $88/barrel = $1927200
$1927200 x 0.75 = $1445400
$1445400/958530000shares = $0.001508
Using estimated P/E ratio of 12...
$0.001508 x 12 = 0.018095
With 2 wells at the moment...
PPS should be around $0.036/share
Note these numbers are extremely conservative. I'm still new at this so anybody can correct me if I'm wrong. :)
the "buy on rumor, sell on news" mentality is probably why. Short term holders need to take profits, especially if they've been holding since the triple 0's. Anybody correct me if I'm wrong. This is the only reason why I think we ended up red despite having good news.
lol everybody will tell you their stock is the stock of the year. But nonetheless this stock is looking better and better. Hopefully we won't see anymore of the "buy on rumor sell on fact" mentality tomorrow.
I don't understand why there is so much negative responses here. We just struck oil! We should be generating REVENUE by the end of the month, no? We're actually in a much better position than we were a month ago. What's everybody so worried about? We have to remember that we had absolutely no source of revenue at all in december. If you look at other pinks or stock in OTC, you can see that most of them have 0 revenue and only increasing expenses year after year.
based on the track record of wells around the area, I think it's safe to assume we can expect a production rate in the range of 50-300 bopd.
anybody have info on the geologists hired by Corestream? Sucks that their website still isn't up to date. Would be nice to know their qualifications and their past findings.
i have to agree with you on this one. That was far-fetched. But i don't believe ZLUS nor kepco would agree to complete the rig if it wasn't profitable. Rainbolt's a finance guy. I'm sure he can do the math and figure out that these wells will bring the money in. Yours and andrewjoseph's reasons for doubting the stock are understandable. But I'm willing to put my money on this and bet Rainbolt knows what he's doing and is acting in the best interest of the shareholders.
last year PLX was able to produce 50-100 bopd. That was reported in july. Surely, we would be able to produce at LEAST 40+ bopd? Half a year won't completely deplete all the oil under the ground, that would be ridiculous. Now I'm not an expert in oil drilling, so correct me if I'm wrong.
i think you missed out on the P/E ratio as a multiplier. Any other people who have experience in the oil business can confirm the 90% water as well as insight on his valuation? A 2nd or 3rd opinion would be helpful.