Sunergy, Inc. (fka SNEY)

[Biochemist2002]

Re: no assets and Allied being on Pampana for several years:

Sunergy, Inc (the "Company") (PINKSHEETS: SNEY) reports that it has made suitable arrangements for purchase of the initial three Custom Double Sluice 8" Gold Grabber sump dredges it recently ordered from Gold Dredge Builders Warehouse of Riggins, Idaho. Recovery operations of rare earths (REEs), gold and diamonds from its 140.1 sq. km. Pampana River concession in Sierra Leone, West Africa are scheduled to commence in early January, 2011.

The terms of financing are as follows...It is expected that the first several dredges will be financed on these terms. Future dredge financing terms are subject to change without advance notice. This is not a solicitation for financing but this information is provided for disclosure purposes only.

The dredges have custom modifications based on field testing and sample mining by Allied Mining & Supply personnel and are being custom fitted with gemstone and heavy mineral sands recovery systems. These three 8" dredges are capable of processing about 50-60 tons per hour each for total processing of about 150-180 tons of material each hour. The plan is to deploy around a dozen or more additional dredges over the next several months...

...Sunergy President Bryan Miller says: "...Allied's existing 6" exploration dredge will be shipped to Ghana to start operations on our 150 sq. km. Offin River concession and of the next three 8" Custom dredges expected to be ordered shortly, one more will go to Sierra Leone and two will go to Ghana. We plan to deploy around a dozen dredges in each river system over the next several months. A dozen dredges allow for from 1800 to 2160 tons/hour of material processed"...


http://www.marketwire.com/press-release/Sunergy-Arranges-Asset-Backed-Financing-Initial-Equipment-Commence-Recovery-Operations-1358088.htm

It looks like they've already ordered the first three dredges, which are now being custom fitted as described in the PR. In addition, Allied Mining's existing 6' exploration dredge will be shipped to Ghana to start operations.

Re: Allied being on Pampana for several years now:

Assays of heavy black sand concentrates containing rare earths (REEs) in 2009 and 2010 showed quantities of rare earths and other valuable minerals in commercially exploitable grades. Recent assays by ALS Chemex in Sparks, Nevada identified several of these rare earths contained in the heavy black sands along with gold as follows: Lanthanum, Scandium, Thallium, Cerium, Dysprosium, Hafnium, Lutetium, Niobium, Neodymium, Praesodymium, Tantalum and Zircon.

Substantial concentrations of gold have also been determined to be contained in the concession. Data indicates gold concentrations ranging from 1 to 18 grams per tonne of material. Fire assays conducted in Freetown, Sierra Leone, indicate gold purity to be 89%. Over 500,000 ounces are contained in reports in the north 28% of the 140 sq. km. concession.
http://www.marketwire.com/press-release/Sunergy-Arranges-Asset-Backed-Financing-Initial-Equipment-Commence-Recovery-Operations-1358088.htm

Now, besides Pampana, Allied's existing dredges are heading to Ghana. So, I'm gambling that we'll have plenty rare earths and other valuable minerals in commercially exploitable grades. My opinion.

~Bio