I have read the January 4, 2012 PR probably a hundred times, and it only verified what I had gleaned from other research. Beckmann is not a flim flam artist, and he strongly implies in that PR that he expects (based on a wealth of experience) great results from further rounds of more sophisticated analysis.
The X factor on this investment is like a two for one sale. Buy Sierra Leone and we'll send you free a Ghana. Just pay shipping and handling. If Sierra Leone is a hit, investors will be willing to gamble more on Ghana, so the downside risk is muted by a double upside run. Obviously if SL is a bust, the stock will drop, but those of us who aren't counting on SNEY to feed our families can hang around for another year to see if Ghana pans out.
There are just so many chances to win on this stock, compared to the 0 for 2 chances on SL and Ghana, that it looks like as good a penny stock as one could hope for.
And, yes, it is still a pink sheet penny. Caveat Emptor for now.
Stay long and strong, Sneybors.
