Last year there were very high expectations but most have dropped their expectations to a more reasonable level. Of course there are still those that claim this could be a 10 bagger. In 10 years maybe but over the near term is not even remotely realistic. Especially with a 1.57b OS and a fully diluted OS of 2.1b.
The company was slow to produce any form of results. Even a .0002 junior miner has proven to be better managed than SNEY. They produced results in the first 3 months of dredging in the same area. Albeit there gold sales in the first 3 months of operations were just 42k but results none the less. SNEY 14 months and still nothing. I understand their desire to extract every penny out of the black sands but how many years will it take to create a facility that can do this? That in the end is the problem here.
At this point we are all waiting for the pending pump and dump. Once current the rumor on the street is a barrage of PR's and coincidentally that will happen at the same time insiders can remove their restricted legends and sell their shares. Of course lets not read into this, I mean really its just a coincidence...LOL
With that said money can be made and though I doubt we will exceed your average share price I do believe we have a shot at getting close. The stock could potentially double from here over the next 12 months I feel. The operational updates could shed light but at the same time if they declare 0 results in 1.5 years of work in that update, well it could turn really negative really quick. We really need a solid timeline for the company to become truly operational and not simple a company that piles mounds of black sands.
July 16th is a key date and August 15th is a key date.
July 16th nearly 400 million in warrants expire. That is just 4 weeks from Monday and 22 business days away. This could greatly increase or decrease the potential OS. I feel it could have a large impact on the next SNEY run.
August 15th is the next due date for a filing to either remain or become current. It will also be a good date for the mass restricted shares having the legends removed. Personally I still feel late August is the time for, as some say, the mass awakening. They have purposely kept shareholders in the dark since they cannot profit off a pump and dump. That is a good date for the pump and dump.
Hold tight Scuba this is going to be a bumpy ride over the next 8-10 weeks. The one item that seems rather guaranteed is that it will have its exciting moments. We all hope it runs in up but I am not holding my breath just yet.
Bring the current level and open the dark shroud around this company already.
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