This is one of the best boards I’ve followed for some time and I appreciate the constructive criticisms TR posts. He helps keep a realistic view on the situation adding balance, playing in the Pink’s is not for the weak of heart. That said SNEY is one of the most exciting plays to come along in awhile, the potential up lift is staggering especially with the company beginning the production phase of the project. Regardless of the financial results filed the company has minimal debt load currently and if the initial production results are favorable (and accurate) this opens the door for serious outside investment and rapid expansion.
One point I’d like to share with anyone following SNEY is not to get discouraged on the time line releasing any initial results. I have had a fair amount of operational experience in the W African region, albeit a different industry but faced many of the same problems Sunergy will be going through at the moment. It will take time to establish a solid baseline and accurate production output, and remember this is the Third World! Logistics and operational efficiency are not an easy task to maintain especially on a startup operation. In my opinion the lack of any tangible PR up to this point is a good sign. The worst thing that happened recently is statements released by the company IR quoting definitive time lines to appease or boost investor sentiment. Not follow through or meeting these deadlines has not helped build investor confidence.
I’ve watched a number of penny plays with Jr. mining companies recently that have skyrocketed from penny or sub-penny levels to $1+ only to fall off the cliff and crash into oblivion. There was nothing to substantiate the stock valuation except a very expensive well organized promotional pump. If SNEY is a legitimate play (which I believe it is) it is in the company’s best interest to keep a tight control on any news releases regardless of it is delayed, as long as they are accurate. This is only my opinion and please take it for what it is.
elcheepo – is that possum still on the market?
