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SCOTTSDALE, AZ, Dec 29, 2011 (MARKETWIRE via COMTEX) -- Sunergy, Inc (the
"Company") (PINKSHEETS: SNEY) is pleased to report it is filing its Form 10-K
for the year ending, December 31, 2010 with the SEC today. The three 10 Q's for
2011 will follow as soon as they are available. Once these filings are complete,
the Company will be fully compliant with its SEC reporting requirements and
www.otcmarkets.com will be notified of the updated financials and disclosure
statements so that the Company can be listed as "Current" in its filings,
thereby removing the Caveat Emptor.
In addition, the Company has also made suitable arrangements with a Market Maker
to have the 15c 211 form filed to up-list the Company to the OTCBB.
The Company is proud to have achieved the following positive financial results
in 2010:
DaNang, An Khe, A Shau, Quang Tri. 1st Cav 1968 Tet Offensive holiday tour. Door Gunner and crew chief so I got to fly around the I Corp area supporting Marines, 101st and our 1st Cav. Probably flew over you guys.
Good point to consider however, I feel there is more to the loan than most are considering. A loan was made before any filing or the removal of CE. I am a business man and former CEO. This was a high risk loan venture evidently based on very good supporting info on the dredging and potential. I remain very positive on the underlying and supporting info in the news. I do not see hype or promoting going on with SNEY. What I see is factual info and news on the ongoing operations.
May take some bad news to get this PPS back up. We get some good info and understanding that someone did some solid DD and loaned money as high risk. Must have been some good reports for anyone to take that risk. PPS goes down. Where are the savy investors? Hard to understand unless those savy investors are driving down buying up before the news gets out.
Yes this would be considered a high risk loan even with the price. They would need to see some solid potential and info to make any type loan of these amounts. Normally they would have done some solid DD. Therefore I am more interested than before. Some are taking this loan as a negative but if you have been in the start up and junior mining end you would know this is a good sign someone is looking at it very seriously and decided it was a good investment.
Yes it does appear they did purchase another dredge. What I read from the 8K and disclosure is that a small junior mining company could not borrow these funds without some very good results and reports on the operations. I would assume we will get a very good PR soon with substantial operating results. I also would assume they would not invest in another dredge this soon unless they saw immediate and very good progress. I am getting excited to see these reports.
LAKEWOOD, CO, May 19, 2011 (MARKETWIRE via COMTEX) -- Colorado Goldfields Inc.
(OTCQB: CGFIA) (PINKSHEETS: CGFIA) announced yesterday that it had acquired the
Silver Wing Mine in San Juan County, Colorado. This acquisition marks a
significant expansion into other metals, both "precious" and "base," and
provides Colorado Goldfields a greatly enhanced ability to capitalize on a wider
number of market drivers for price -- both investor economics and manufacturing.
The Silver Wing's poly-metallic ore contains 5 different recoverable metal
values consisting of gold, silver, lead, copper and zinc. Colorado Goldfields
will develop a mining and milling operation and produce approximately 14,500
tons annually of gold, silver, copper, lead and zinc concentrates. "The total
estimated resource of the Silver Wing Mine could exceed $200 million with
approximately 80% of the resource value composed of silver and copper minerals,"
stated Lee Rice, President & CEO for Colorado Goldfields.
"Since most of the ore in the district is poly-metallic, the Company's Pride of
the West Mill was originally designed to specifically process this type of ore.
The acquisition is a perfect fit for the processing capabilities of Colorado
Goldfields," stated John Ferguson, Director of Operations.
To explain the new depth of revenue sources, Lee R. Rice, President and CEO of
Colorado Goldfields, provides the following commentary regarding both the
precious and base metals contained in the Silver Wing Mine.
Prices for all of the metals that will be produced from the Silver Wing Mine are
determined by global precious metal and base metal commodity markets. As we have
all observed, current prices are favorable and the long term outlook is positive
based upon supply and demand fundamentals. In addition to the normal demands
from the developed nations in North America and Europe, the long term outlook
for sustained growth in Asian economies and as well other parts of the world is
expected to continue to put upward pressure on base metal prices.
The precious metals to be produced from the Silver Wing Mine include gold and
silver. While gold is critical for certain industrial and high technology uses
and has value in the creation of jewelry, the price of gold is primarily based
on "perception factors" including the perception of safe haven value in response
to political uncertainties in many areas of the world and as a hedge against
inflation of currencies.
Historically, silver prices have been driven more by manufacturing demand than
macro-economic perceptions. Silver has many specialized industrial (especially
photography) and high technology uses. Over the past 20 years silver has been
priced primarily as a base metal; following industrial supply and demand
factors. Because of more recent socio-economic and political developments, the
price of silver is now partially driven by other factors including the
perception of 'safe haven' value; including a hedge against deflation of
currencies.
The base metals (lead, copper and zinc) provide critical raw material for the
production of industrial and consumer products on a world-wide basis. The usage
for lead, copper and zinc is a direct function of the overall world industrial
production needs and consumer demand for touchable products. Prices for these
metals are primarily set in the based on actual industrial factors of supply and
demand.
"The Company now has a strong connection to both brick-and-mortar manufacturing
and global macro-economic forces. This is huge advantage because it provides us
with a revenue source that is continuous and stable," stated C. Stephen Guyer,
CFO of Colorado Goldfields.
Gold stocks
About Colorado Goldfields Inc. Colorado Goldfields Inc. (OTCQB: CGFIA)
(http://www.cologold.com) is a Denver-based junior exploration and mining
company primarily exploring for gold and silver. Our seasoned management team
targets historic gold camps with strong potential for multiple deposit
discoveries. Currently, our business model in Colorado provides an outstanding
combination of former producing properties with excellent exploration and
production potential and a currently inactive, modern, up to 700 ton per day
capacity mill facility to allow for an attractive short-term production time
frame. We expect that this strategic plan will allow Colorado Goldfields to
reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at
http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements This news release may contain
forward-looking statements or information within the meaning of the United
States Private Securities Litigation Reform Act of 1995. Forward-looking
statements or information includes statements regarding the expectations and
beliefs of management. Forward-looking statements or information include, but
are not limited to, statements or information with respect to known or unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements or information. Forward-looking statements or
information are subject to a variety of risks and uncertainties which could
cause actual events or results to differ from those reflected in the
forward-looking statements or information, including, without limitation, risks
and uncertainties relating to obtaining financing to meet the Company's
exploration program and operating costs during its exploratory stage, the
interpretation of exploration results and the estimation of mineral resources
and reserves, the geology, grade and continuity of mineral deposits, the
possibility that future exploration, development or mining results will not be
consistent with the Company's expectations, accidents, equipment breakdowns,
title matters, or other unanticipated difficulties with or interruptions in
production and operations, the potential for delays in exploration or
development activities or the completion of feasibility studies, the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses, commodity price fluctuations, currency fluctuations,
regulatory restrictions, including the inability to obtain mining permits and
environmental regulatory restrictions and liability, the speculative nature of
mineral exploration, dilution, competition, loss of key employees, and other
risks and uncertainties, including those described under "Risk Factors" in the
Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as
amended on March 3, 2008, which is on file with the Securities and Exchange
Commission, as well as the Company's other SEC filings. Should one or more of
these risks and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described in
forward-looking statements. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information. The Company does not
undertake any obligation to release publicly revisions to any "forward-looking
statement," to reflect events or circumstances after the date of this news
release, or to reflect the occurrence of unanticipated events, except as is
required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange
Commission permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can economically and legally
extract or produce. We use certain terms on this website (or press release),
such as "measured," "indicated," and "inferred" "resources," which the SEC
guidelines strictly prohibit U.S. registered companies from including in their
filings with the SEC. U.S. Investors are urged to consider closely the
disclosures in our 10-KSB which may be secured from us, or from the SEC's
website at http://www.sec.gov/edgar.shtml. This press release may contain
information about adjacent properties on which we have no right to explore or
mine. We advise U.S. investors that the SEC's mining guidelines strictly
prohibit information of this type in documents filed with the SEC. U.S.
Investors are cautioned that mineral deposits on adjacent properties are not
indicative of mineral deposits on our properties.
Contact:
Investor Relations
Colorado Goldfields Inc.
866-579-9444 or 303-984-0524
http://www.cologold.com
New rules take effect May 9th. Must show order size on limit and price.
We are #9 on the "Most Read" board today. Speaks alot to the interest and followers. We continue to build momentum and the charts are looking great. With a little news on the production and any filings this thing has a long way to go. Plenty of room left to get in. It is just begining to start up. No pump or hype just facts. Compare to other junior mining companies who have made big gains and I see much more potential here with SNEY.
You would assume they will get in the 10-K for 2010 based on the statement they intend to become current. It would be necessary to have all info for the 2010 10-K in order to get the 2011 10-Q.
IMO I think we hit bottom and they will have to cover if shorting and then the bounce will start up. We now have more support and interest. Momentum will be starting and the MMs have to move with it. It will be very interesting to watch now. I am loaded with no more powder. So I can only ride.
Probably short sighted or day trading. I bought there share cheap. They may have taken a small profit, but I am in for the big profits coming.
As they are Investment Banker I am wondering if this is the lender for the financing. If so or if they are part they will want this up and staying above the .05 mark. Just a question of curiosity in who is on board. This is on the way now so hang on.
The big boys will start coming to the table now. Like Daggfish and Kagey noted they will be positioning and buying up what they can keep control. After a few days and getting near the release, IMO it will take on momentum. IMO the longs and even the flippers here will hold on and not sell cheap realizing the big profits are to come.
Great... Thanks for the headsup. Wonder where Jeana is. Did she bail or what? CGFIA finally on the move as we all have been waiting. Patience takes over impatience and rewards those who wait. This just needed the expertise of management we all knew was there. Many had doubts and MMs drove it down so I could load up. Now ready to go.
There are many with SNEY on the watch list and they ae now seeing us on the "Most Active and Most Read" boards. This is the annoucement to all we are a reporting OTCB compliance and operating company. Now we will see the big boys and little boys coming. Next step is production all within this month. Makes you sorta get all choked up seeing the little one start to run after he just started to walk. We are in the second stage of growth and the final stage is basing the PPS on revenues which look huge.
You already know the pennies are high risk and junior mining is even higher. This and S#EY are the best I have been in for awhile,but take my advice "Do not take any Advice here". Playing and risking with retirement funds is a no no. I am at retirement and I have to bank on what is solid and secure.
Whatisthecolorofmone.. I took advantage as much as I could. Been buying up and down but now will ride it up. Seen you around also here and another stock. This and P#FG are the most potential of any I have been in for a while. IMO gold will stay around 1400 and moving up. When we get in production next two weeks the value of our mineral equate to revenues and higher PPS as the ratio grows exponentially.
Totally agree. Any good stock moving up with no news and being "Caveat" should tell you something is in the works. We get the filings in and production it is off and running. Many watching that will jump in as soon as we get off the pinks. Good time to be in.
Do not worry about the mule boy load the wagon. Its time to hock the farm. Well maybe not but it is the one to be in now. I have been around a long time and the solid no pump no hype good solid asset base pennies are hard to find. Production and revenues are starting giving may options for the company. Sell, Merge, JV or produce. They have already set up for the Australian company to make royalties in addition to the mining.
GREAT WORK GUYS... We are #7 on the "Most Active" and #6 on the "Most Read" boards. The more interest we get more volume and then higher PPS with news and filings. We need to keep giving out facts and DD no need for hype or pump here. We have the proven assest and equipment in the field. Within the next two weeks they say production. We are in a tight range on the charts ready to spring up.
GOOD WORK GUYS...We are back up #9 on the "Most Active" and on the "Most Read" boards. The more attention, the more interest, the more volume higher PPS. We give facts not hype or pump. They are watching. Many have us on their Watch List. We are in a tight range on the chart and they know we can spring up with the forth coming news.
There are many others watching. Ready to jump in before they think news or filings will be announced. We have made the "Most Read and Most Active" boards several times last week. We are many watch list. I have seen other sites and boards with SNEY named.
SORRY! NEVER HEARD OF ANY PUBLIC COMPANY OFFICIAL GIVING PPS FORECAST OR ADVICE. Its called insider trading info and illegal. Unless you are a day trader this in all in the daily course of a penny stock. However, we have a lot of future left to go waiting for the production news.
Take a chill pill it will be back up and moving. If you know the game; play it. It is a high risk to sell and try to buy back in when MMs control penny stocks, news and production is imminent and gold moving up. I bought on the dip and missed buying in lower. I am long been in several junior gold mining and they all do the same when you are in penny land. I hold most of a good stock like this for long term, but I will play with some portion as I get my average down. You already know this if you been here a while so keep your powder dry for more at these prices.
Hard to figure. Market up gold up and all my junior mining stocks are down. Bought on the dip but wish I had waited now. In for the long been here several months. No problem with the future and potential just wish I had saved my powder to load today. IMO the MMs are walking it down while they can to get in position for the run up. We will see above .03 tomorrow and steady on up.
Bought more myself. Still adding at these prices. So some will take profits, but there is much more to be made. All this with no news no hype and having a "Caveat". C#rn went from .0002 to over 3 cents on a first quarter "Projection" of $32 million revenues for this year. We could see more with any news.
Been here for several months. Averaging up and down. This is a good long term play. There has and will continue to be some dips along the way. Normal for penny stock until we get "Caveat" removed and PR on production. All coming soon. Only concern here may be from some day traders, but if they are good they have seen a 14 per cent swing both directions today. This will stay in the range as long as the MMs can control while we wait for the news. Already made money buying dips and selling some, but holding major portion for the long ride up.
I totally agree. I have been here for several months holding strong with it going steadly up. I have been averaging up and down waiting on the filing and news of production. This is a long term play. There will be dips where you can add and make more as goes up. So, I do not understand some of the post here, but will it assume it is the day traders.
Gold spiking. Speculators and investors trying to get on board quickly. It also could be that some know of PR coming. This should be a very interesting day.
Price of Gold spiking will give speculators and investors more interest in gold stocks. We are not producing with known revenues but we have the assets and potential very soon. Many are watching and will want to get in now. Today will be interesting to see the reaction. The more interest, more volume and higher PPS. Keep it coming and facts on the board to get us regonized on the "Most Active and Most Read".
Making bids ahead of Gold jumping or some may know of PR in the works. This could be the next move up. IMO we will have several moves when filings come out, news on production and updates for potential revenues.
Gold major move up. We should get a boost and continue with steady uptrend. Waiting for PR and filings. When we get off the "Caveat" status we jump up. News on production soon.
Disagree with a 20 per cent dip tomorrow. We closed after hours at .0129 up from .0124. We have been solid and steady since March 7th. It may go sideways but do not see it fall and close red EOD.
Good to have you on board. New to stocks. Penney and mining stocks are going to be a real education for you. So take my advice: Do Not Take Any Advice.... Do you own DD and go on your own hunch not the board. All have their own agenda and ideas or rules to play.
We are all waiting for the filing to get out of the "Caveat" and news. Look at the charts. This is tight holding steady and ready to break out. All indications are saying the MMs and market is holding with few sellers. All we need is a little push. I like the way it moved up each day at a steady rate. Support is now at our feet and the resistence can be busted with any news of production.
I agree. Very small dip and few sellers. The chart with RSI and accumulation pointing up. Like this attitude.
I would like to know what they see as a projected work schedule to begin major mining. Like any business timing can be crucial to get ahead of the supply chain. I have a few other junior mining stocks and checked several to find many are trying to get started this spring. Many only have mineral rights and need major capital. Some are in stages, but it seems we have an opportunity to get in while demand and prices for minerals are holding up. I have been in the oil and coal business before and it can all change when prices support the cost of new ventures. Then when everyone gets in supply can bring prices back down. I see this as a two year window then those who have ability to stablize with good management and low cost operations make it long term.
My other point is PCFG will have options now to JV, buyout or merge now that the assets are twice original projections.
You may be correct on the resistence points, but IMO the reports of progress then production PR will push it through the resistence. I think Gold will remain above 1400 and then depending on many events could move up this summer. As we know supply and demand rules and presently many are trying to deliver but few are at the point of production with good assets like PCFG. I think we have a good window of opportunity this year and next. I would like to see them kick this in high gear very soon to deliver gold and minerals while demand is high.
Agree totally. It has been holding and moving steady upward over the past few weeks. There will always be some profit taking along the way, but there were very few sellers (low volume today). So IMO and looking at the charts it is going north. A lot of interest and some volume will push PPS until news and revenues get announced.