Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Not really sure what is going on anymore. Quit paying attention probably as long ago as you. :)
I just noticed we climbed up to 25 yesterday so came by today to see if anything had happened, but nope.
I am just to far in the hole at this point to just sell it yet.
I still own it, unlike tjg I don't plan on buying more, I will late until later in the yr to decide what to do with it. As it sits right now my 20K shares are worth 400 bucks.
I need to hit .178 just to break even, and I am in serious doubt as to believing that's gonna happen.
only problem I see is the longer the q takes the lower this pps is going to go. at this rate we will be in the low 4's or high 3's by the time that happens.
It's pretty sad that we can't even maintain the 7 after becoming current, it isn't boding well. IMO
considering it was worth almost 2 whole pennies in March that is actually a pretty pathetic goal.
This stock has been a real pos for the last 4 1/2 months, for something that supposedly has so much going for starting with being debt free this is a friggin joke.
them drums are going to give you one heck of a headache.
I am not going to get involved in the past, nor am I going to comment one way or the other of the character of the people involved. Don't know them personally and from personal experince I know that one's character/reputation can be ruined on little factual information.
You could be right and we could all end up screwed but I am still going on the knowledge I have of the area and the potential of the minerals. I will see what happens after Q2 and a pr or two is released before I make my decision about whether to get out or stay.
I just find the daily trading routine to be rather questionable; I can see how the company might need to sell some shares to have some cash flow until some material is actually sold. The daily volumn does not (to me anyway) indicate a big sell off, so at this point I am not worried about the long term.
I guess I am just suprised that being current has done nothing to stabilize the pps and induce a slow climb north. I am still hopeful that news will generate interest and a run, guess we will know one way or another in about 2 weeks.
Yeah, they being out of cash does make me wonder if they are not diluting to generate some cash flow until they can sell some product.
I am still hopeful that the prs will have a positive effect and we will take off finally.
However, that is not really the point, nor does the daily trading imply it is someone just selling some shares on the cheap for some weekend money. I admit I am not as experinces in trading as many here, but from what I have learned since joining this arena what we have seen happen almost every day since we became current doesn't add up.
Even today, our first trade was at .0055 then a 6 ish and finally a small 7. The only difference so far today over past days is it came back up to 7 earlier than eod. Not saying it won't go back down.
One would think that now that we are current, with no ce, and trading on otcqb as is so often pointed out that the pps would be slowly climbing north on the anticipation of positive news either right before or right after the next Q. Instead we are actually a couple ticks lower than when we became current and someone keeps selling shares at extremely cheap prices on a daily basis.
It doesn't imply flippers, nor does it imply "bashing" is the cause of what we are seeing.
I find the daily trading routine to be kind a troubling.
if the pps was declining I might agree with you, but we continue to have someone slap the ask at eod to keep the impression to the casual observer that we are more or less holding at a steady price.
The daily trading pattern doesn't support your idea though. IMO
and that has what exactly to do with whether or not someone is dumping shares?
not sure how many flippers can turn a profit selling shares in the 5's or even low 6's at this point. Personally find it very odd that despite being current we see so many shares trading so low.... doesn't instill a lot of confidence, to see the continued sell off throughout the day only to close unch on a low volumn ask slap at eod.
One would have assumed that the company finally getting current and supposedly on the verge of releasing positive prs that he pps would either hold steady throughout the day or slowly be climbing north.
Hopefully I am just worried about nothing and we will have a nice jump in pps on positive news in 2 weeks after Q2 comes out, but as of right now, the daily trading has me a little nervous.
The daily trades just don't make a lot of sense. IMO
volumn might not support the dumping theory, but someone keeps selling shares on a daily basis well below the ask. We more or less keep closing up, but the vast majority of shares sold since current have been in the mid 6's or lower.
Does kinda make one go huh.
doubt very much that you will be vindicated this week, I truly am sorry to say. I would lean more towards the 20th of August to as late as 1 Sept to show your family you can pick them.
Realistically speaking releasing anything before Q2 is probably not in the company's best interest. After the next Q comes out now that's a different story, since any pr's would pertain to this quarter anyways (Q3).
Just saying, that is a more realistic timeline than expecting anything before Q2 released.
my bust for some reason I thought they came out in May.
Damn another 47 days of this? Yuck, no wonder I don't check in here often. :)
Well on a positive note maybe I will have a pleasant bday if this runs again.
the last fins came out in May, the 19th if memory serves. So if they are due every 3 months wouldn't they be due out in August, and not Sept?
May, June, July, Aug= 3 months
Just a guess but I don't think we see a pr until after the Q2 comes, which should be no later than 8/15.
I guess it will depend on what exactly one means by revenue producing activities.
They have had dredges operating for the better part of a yr now, exploring; taking samples etc. There concession runs along 40km of the river aprox 25miles. I am guessing they have a lot of exploring to do still. :) Also that is only in SL, from the sound of it as of 31 March they had not done a lot of exploring in Ghana.
So though they haven't offically started revenue producing activities, their exploring activities have accumulated ore, gold and other minerals. Gold itself should be fairly easy to sell, which means since it is doubtful they have sold much of it in the 2nd Q.
I would also postulate that they were having a hard time reaching an agreement with anyone in regards to buying their "exploration ore" while the CE was in effect.
We are now a little over 3 weeks into 3rd Q, and the CE is gone. Q2 will probably look a lot like Q1, only with a little more debt. Unless they were able to sell some gold in 2nd Q.
Hopefully, management has been working on a deal with some folks to buy the material already amassed, which would help with the lack of cash flow I am going to assume for now they still have.
Bottom line is they got to eat and they have bills to pay, not only in the states, but in SL and Ghana. Borrowing more money at this point doesn't seem like a good idea, so though they could be getting the CE removed to borrow more cash it is more likely that they are getting current to sell some material and sign some contracts based on analysis results we have not heard about yet.
The point of this long winded, meandering post is the soonest we should see "offical" results about revenue would be Nov 15 when the 3rd Q comes out.
I think the current Q and the next one are/will be carefully worded to not report more than has actually happened in that time frame.
All right I am going to shut up now and go back to hoping I am right, and that we will get a couple of prs explaining more.
I know the feeling, my 20k shares are now worth a hundred bucks. Everytime I look at that stock on my yahoo page it makes me want to cry.
I don't know about another 2 yrs but at least a month. LOL
It could be sooner, but I hear ya, you are not alone. :)
Yep, since I don't think they are pathological liars, and I do believe they have been dredging, I can only believe they are just as antsy as we are to get the news out.
What's that theme song to that old Christmas Cartoon, "just put one foot in front of the other and soon you'll be walking out the door,....."
The first step has been taken, the only thing that really suprised me so far since the Q is that todays pr didn't come out yesterday about mid day; that implies to me they are going to spread the news out in an attempt to generate interst. (that's just my opinion, but what do I know. :) )
I hear ya, I was looking at my broker account earlier and the first time I bough shares in sney was March '11, I am sick of the waiting as well. Yeah, there are people here who have been tied up longer, and a lot more cash, but I am just as ready as the next person to find out if tieing up my money in this was a good idea or not.
I am still hopeful it was, and do expect to hear somethng soon either way, now that the hurdle of getting current has been overcome, just trying to keep my timeline realistic based on the past, then if it does come out sooner I will be happy instead of iritated they were slower than I expected. :)
Considering the Q was only released yesterday, and the ce lifted as well; despite the long wait to this point, I think patience is the word right now.
My earlier frustration was I knew that the longer that dang Q took to come out the longer this whole process would take. Though I am still wary for the reasons some others have already pointed out, my wariness is strongly outweighed at this point by my optimism that what we saw yesterday is only the start of things to come over the next month, month and a half.
I think we will have a far better idea of what we are sitting on no later than 1 Sept, but probably earlier.
The biggest hurdle (imo) has been overcome, now it's just whether they wait until the Q2 is filed or if they start releasing news first (shrug) just don't know for sure.
Would love to see this climb into the mid to high 8's or even low 9's and hold it before the run starts, but someone is selling shares cheap for whatever reason, who or why would be speculation on my part, so I won't even get into that.
I admit I am a little disappointed we didn't bounce higher and hold, but I never expected the Q alone or being current to cause this to move.
I think it will be what is released in any PR's that should be coming out. Hopefully at least 1 outlining the teased mineral results, prior to Q2, but no later than a couple days after.
Then probably a couple of more after 1 addressing deal made to sell, and addressing ongoing operations/progress at both sites.
Hopefully that should be what sparks this thing to at least old highs of last yr.
So that would put it around mid to late August (a month or so). I would hope we climb higher first though, would rather start the run closer to .01 than .006. But it's hard to say what will get this kick started.
It's not really on anyone's radar yet, but we will see and I will even use soon cause I think it will be sooner than later at this point.
not suprised. why should anyone be aware of sney yet. up until today it was a pink stock with a ce.
volumn is up today, news should be coming, and the next month or so should be interesting.
If I had the extra cash to play with I would be buying more, heck I would have been buying more earlier. :)
Personally think anything below a penny is going to be a good buy, but that's me and is only my opinion.
What is clear is that sney was out of working capitol 4 months ago. Since we don't have current figures or any pr's yet we have no idea what the current situation is.
However, we do know that they have been actively "exploring" and stockpiling material in SL for the last yr. On the low side an estimate of 1 mil in visible gold has been established based on old prs about tonnage content.
Since they finally got the Q1 out and on the same day got the CE removed and uplisted 1 notch (so to speak) on the otc exchanges, we can further speculate that the reason the expense and time spent to do this was to start selling product and show revenue.
So now we wait on prs to get an idea of what has been going on over the last yr in regards to actual product.
Since the Q1 came out so late into the 2nd Q, it is improbable that much will be shown on the Q2 in regards to positive revenue, but I would expect that Q3 will tell a differnt tale.
thought I explained this to you before; no one that has been paying attention should have expected any revenue. All things considered their debt is not that great compared to the potential. IMO
You forgot an option to raise cash...... sell some product.
depends on what you mean by profitable: debt free? could be 2014 or 15 depending on what they are actually mining and how soon results start coming in from Ghana.
I think if they are able to meet the expectations they outlined earlier (mineral content and amassing tonnage) then we could see positive revenue (profit) as soon as Q3, but most likely Q4 or Q1 next yr.
It's really hard to say without knowing exactly what has gotten done in regards to the processing plant, who is lined up to buy and what, not to mention their ability to transport material from point a to point b.
I am hopeful todays moves are a sign that they are actually ready to rock and roll. Not sure what I expected today in regards to the run up, just knew that without the Q getting done it would further delay everything else. I don't think I will personally be in the red from here on out, unless we get some really bad news.
And since for now I am done with the bantering to entertain myself all I have now is positive hopes that this thing is going to beat my expectations. :)
Roflmao, where did I ever say they would never make it? Won't deny I questioned whether they would get current before Q2 due, but that's a far cry from claiming they would never make it.
LOL
yeah that one kinda has me baffled too, wouldn't expect anyone to sell off on this, and since I really don't want to go down that road again, I am not going to even specualte who would find selling off at that level to be worthwile.
I think you jinked it with all your booms, it seems to be crashing already.
LOL
In my limited experince that some continue to point out, I would agree.(to be expected)
I think they will probably start selling some gold if they haven't already for cash flow, but that's just a thought.
Hopefully we will have all the unanswered questions answered no later than 8/15.
I think that's what the pr's will tell us before the next Q. Heck I am actually impressed they were ready to get the CE removed today. Gives me hope they have finally gotten their paper shuffling ability in order.
ROFLMAO, if you say so Jim.
They didn't follow their own script either. The warrents were issued with the belief the ce would be lifted soon after issuance, something that didn't happen.
not verbatium, but that is from the Q this morning.
Of major significance during this quarter is the extension of all of the warrants for six months. The assumption was made when these warrants were purchased that the Caveat Emptor would be removed shortly. Although progressing toward current filings, this has not happened yet. The board of directors felt that since the company was had not been able to at that point of catch up with its government filings, it would be fair and prudent to extend the warrant date.
http://biz.yahoo.com/e/120724/sney10-q.html
third paragraph from bottom.
I never expected postive production or revenue numbers in this Q. Might see something in the next one, but I don't expect to see any real production value until Q3.
That's why I think the prs will be more informative in that regard than the Q's. But the Q was needed to get the ce removed.
No update on Warrants except that 134m more warrants were issued. We could be around 730m in warrants. Not sure about the July 16th expiration
pretty sure I read that all were extended for 6 months, so now January 16th
Nothing in NJ works normally. :)
about time they got their act together.
Yeah they did, suprises me!
Hopefully this is a sign of things to come!
I can't remember if Arizona is in the same time zone as I am or not, but it is either 630 or 730 there. It would be nice to see that about 11=12 est. :)
We could actually see this start to roll.
From that it would appear to be correct. Could we get a pr later this morning stating such?
Sney might actually suprise me with their ability to pull this paperwork fiasco off finally.