Replies to post #67300 on Sunergy, Inc. (fka SNEY)

[junkyard dog]

I can tell you I know of 18 million warrants that weren't extended again. If they weren't the others probably weren't.

[falon]

It is a fact in black and white via PRs, *8Ks, 10Qs and 10Ks.

At this point it's not really a FACT. It is a belief that the company has been doing a lot of things over the last yr, but based on what the company has released so far we could actually see a repeat of last December when SNEY claimed they were going to get current, and release pr's, etc.

Dredges, black sands recovery, processing equipment, warrants etc...

SNEY has said much, however there are a lot of unanswered questions and a lot more ambitious goals to accomplish.

Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.
Peter Lynch

The company has been trying to get the financials out and up-to date since December 2010. They are down to the last one.

They have hit hurdles with the worst being the audit of Allied Mining and Supply Ltd.

They have changed accounting firms numerous times yet they keep putting out the reports even though late, very late they put them out.

This is the closes we have come to being current since April 2010.

Will SNEY finally reach their intended goal?

While waiting to get current SNEY decided to keep somewhat quiet about on-going operations, however they have released a wealth of information.

It gives us a glimpse of some things SNEY has accomplished or is trying to establish.

If anyone here don’t know by now that SNEY gets things done although a bit slowly, somewhat beyond (way beyond) their forecasts, then they don’t understand how SNEY has been operating up to now. It is what it is. Certainly many here are disappointed (me included at the delays) however late the company has always delivered.

Just in case you missed what SNEY has been up to here is a list:

2009 10K - delivered

2010 1st Quarter 10Q – delivered

2010 2nd Quarter 10Q – delivered

2010 3rd Quarter 10Q – delivered

2010 10K – delivered

2011 1st Quarter 10Q – delivered

2011 2nd Quarter 10Q – delivered

2011 3rd Quarter 10Q – delivered

2011 10K -delivered

2010 1st Quarter 10Q - not delivered, however it will be

1. Sunergy Closes Acquisition of Allied Mining and Supply, LLC's Large Scale Rare Earth Element (REEs) Deposit Containing Gold and Diamonds in Sierra Leone, West Africa.
Thursday, October 28, 2010

2. Sunergy's Board of Directors Expands by Appointing Bryan Miller President and Director and Welcomes Allied Mining's Management to Complement the Company's Rapid Development Strategy in West Africa.
Tuesday November 2, 2010

3. Sunergy Orders Initial Equipment to Commence Recovery Operations of Rare Earths (REEs), Gold and Diamonds on Its 140 Sq. Km. Pampana River Concession in Sierra Leone, West Africa
Wednesday November 10, 2010

4. Sunergy Plans Dredging Operations to Commence for Gold, Diamonds and Rare Earths on Its 140 sq. km. Sierra Leone and Its 150.sq. km. Ghana Mining Concessions in January 2011
Monday November 15, 2010

5. Sunergy Arranges Asset Backed Financing for Initial Equipment to Commence Recovery Operations of Rare Earths (REEs), Gold and Diamonds on Its 140 Sq. Km. Pamapana River Concession in Sierra Leone, West Africa
Tuesday November 23, 2010

6. Alan Trees, Dredge Designer and Manufacturer, Joins Sunergy Advisory Board and Brings Worldwide Dredge Operations Expertise to Company
November 26, 2010

7. Sunergy's Large Scale Rare Earth Element (REEs) Deposit Containing Gold and Diamonds in Sierra Leone, West Africa Also Contains an Average of 9.628%(192.6 lb./ton) Titanium in the Recovered Concentrates
December 1, 2010

8. Sunergy Large Scale Rare Earth Element (REEs) Concentrates Valued at Over $3,897/Ton After Free Gold Removal on Its 140 sq. km. Pampana River Licensed Concession in Sierra Leone, West Africa
Tuesday December 7, 2010

9. Sunergy Board Resolves to Commence Reporting Status on Pink Sheets and to Complete SEC Filings to Regain OTCBB Listing by May, 2011
Tuesday December 14, 2010

10. Sunergy Clarifies the Reason for the Caveat Emptor Status and How It Is Being Resolved
Thursday December 16, 2010

11. Form 8-K for SUNERGY INC - Changes in Registrant's Certifying Accountant, Change in Directors or Principal Office
Tuesday, January 18, 2011

12. Form 8-K for SUNERGY INC - Completion of Acquisition or Disposition of Assets, Unregistered Sale of Equity Securities
Friday, February 4, 2011

13. Sunergy Update: ETA for 3 Dredge Arrival in Sierra Leone March 15, 2011; Draft Financials Are Under Review for Filing in the Next Few Weeks
Wednesday March 9, 2011

14. Sunergy Update: 3 Dredges and Equipment Have Arrived In Sierra Leone, January 2011; Test Results Reveal More Rare Earth Elements and An Increase in Value/Ton From $3395.00 per Ton of Black Sand in the June 2010 Tests to $8421.00
Thursday March 17, 2011

15. Sunergy Files Form NT With the SEC for Extension of 15 Calendar Days to File 2010 10K and Dredges and Operating Equipment Are Mobilized to the Site to Commence Operations
Thursday March 31, 2011

16. Sunergy Board of Directors Appoints Mr. Mark Shelley, CPA of Mesa, AZ to the Position of Corporate Secretary, Treasurer and a Member of the Board of Directors
Thursday April 21, 2011

17. Sunergy Will File Its Form 10-K Annual Report for the Year Ended December 31, 2009 Today, Form 10 Q's for the First Three Quarters of 2010 Can Now Follow to Be Finalized By Its Form 10K for the Year Ended December 31, 2010 Over the Next Several Weeks
Tuesday May 3, 2011

18. SUNERGY INC Files SEC form 10-K, Annual Report EDGAR Online

Sunergy Explains Delay in Filing Its Form 10-K Annual Report for the Year Ended December 31, 2009
Wednesday May 4, 2011

19. Sunergy Closes $687,750 in Combined Equity and Debt Financing to Provide Funds for Mining Operations in Sierra Leone and Ghana, West Africa: Warrants Offer Additional $2,637,796++
Wednesday May 11, 2011

20. Sunergy Clarifies New $687,750 in Combined Equity and Debt Financing; Total Outstanding Warrants Offer Additional $2,637,796 Plus Incentive Warrants
Thursday May 12, 2011

21. Form 8-K for SUNERGY INC - Unregistered Sale of Equity Securities, Financial Statements and Exhibits
Monday, May 23, 2011

22. Sunergy Updates Dredging Operations on Its 141 Sq. Km. Pampana River Rare Earth / Gold Mining Concession in Sierra Leone, West Africa
Tuesday May 24, 2011

23. Sunergy Purchases Processing Plant Equipment For Optimum Free Gold Recovery and Upgrading The Rare Earth Black Sand Concentrates For Its 140.1 Sq. Km. Pampana River Concession In Sierra Leone, West Africa
Thursday June 2, 2011

24. Sunergy Provides Update #2 On Dredging Operations On Its Pampana River Rare Earth / Gold Mining Concession In Sierra Leone, West Africa With Increased Production Numbers
Monday June 13, 2011

25. Sunergy Update on Filing of Financials: Three 10Q's for 2010 Will Be Published at Once in Next Few Days, 2010 10K and March 31, 2011 10Q to Follow
Tuesday June 14, 2011

26. Sunergy Files Form 10Qs for March 31, 2010 and June 30, 2010 With SEC
Friday July 1, 2011

27. SUNERGY INC Files SEC form 10-Q, Quarterly Report
Tuesday July 19, 2011

28. Sunergy Reports Progress to Date on Filings and Provides Guidance for Filing Form 10K for December 31, 2010 and First 2 Forms 10Q
Wednesday August 3, 2011

29. International Rare Earth Mining and Processing Expert Joins Sunergy Advisory Board
Monday August 8, 2011

30. Sunergy Plans Mobilization Of Its Revenue Generating Gold Bulk Sampling Program On Its 150 sq. km. Nyinahin Gold Concession in Ghana
Tuesday September 6, 2011

31. Sunergy Updates Timing for Filing Form 10K for December 31, 2010 and First 2 Form 10 Q's for 2011 With SEC to Satisfy Filing ...
Tuesday October 4, 2011

32. Sunergy Files Form 10K for December 31, 2010 and Gives Guidance on Its Impact for Shareholders
Thursday December 29, 2011

33. Sunergy Announces Further Analytical Results for Its Pampana River Heavy Mineral Sands and Discovers Additional Platinum Group Metals
Wednesday January 4, 2012


34. SUNERGY INC Files SEC form 10-Q, Quarterly Report
Monday February 13, 2012

35. SUNERGY INC Files SEC form 10-Q, Quarterly Report
Tuesday May 12, 2012

36. Sunergy Announces That it Has Changed Audit Firms
Thursday May 3, 2012

37. SUNERGY INC Files SEC form 10-Q, Quarterly Report
Friday May 25, 2012

38. Sunergy Files Form 10-K For December 31, 2011 and Gives Guidance on Its Impact for Shareholders
Monday July 2, 2012

And from the last Q:

In furtherance of the exploration activities carried out by Allied in 2010, and based on the preliminary results of their prior efforts, we commenced our initial dredging April 16, 2011, well into the mining season which generally ends with the beginning of rainy season (July). The dredging took place in the Masanga Area that is believed to have limited overburden and has good river accessibility. Shortly after deployment in April 2011, the two Allied dredges were producing daily quantities of heavy mineral sands (HMS). The early estimate range of 400 to 500 pounds of HMS per dredge per 10 hour day, were validated.
The process involved regular performance evaluation and modifications and adjustments of the dredges and support equipment in order to maximize the efficiency of the advanced exploration activity. Multiple areas along the river were sampled involving considerable de-staging, repositioning and deployment in order to generate target appraisals and gauge future recovery potential. Operations were suspended in July 2011 during the rainy season.

Results of 2011 operations will be discussed once finally tallied in an upcoming report to be filed with the Minerals Commission in Sierra Leone.


Due to the complex nature and broad range of apparent minerals of the Pampana sands, additional mineralogy is required in order to prove their full mineralogical and elemental content, and to accurately describe the economical value and overall potential of the Allied EXPL.

Once additional mineralogical studies are completed under the control and supervision of Sunergy board advisor, Alexander Beckmann, are completed, Allied stands ready and committed to opening up an entirely new area in the mining sector in Sierra Leone. WHAT COULD THIS NEW AREA BE ABOUT?

Markets for the variety of recoverable mineral fractions are actively being investigated with the goal of securing off-take agreements in the near term.

Allied/Sunergy's steadfast commitment to community development has led to our current standing in the district of Tonkolli which has never been higher. Our employees, some of whom have been with us for three years, are capable, hard working and well respected among the villages on our concession. Allied has typically employed 70 to 80 men and women each year during the mining season. Most are full-time, while others are part-time or temporary help. This effort is important to maintain a high level of confidence in the communities and the country of Sierra Leone, which gives Sunergy a strong foundation to develop additional business in the Country.

From the January 4, 2012 Press Release:

This discovery warrants a more sophisticated initial process/separation treatment in what was previously thought to be an initial solution targeted at free gold. In addition to the free gold, there is substantial contained gold in the sands that require more advanced separation techniques than those proposed in our June 2, 2011 Press Release.

These new tests and results have been overseen by Alexander Beckmann, our Advisory Board Member from Cologne, Germany (See Press Release dated 8/8 2011). Mr. Beckmann comments:

"These results are some of the strongest that I am aware of for alluvial sands. I suspected that the PGM metals may exist but we had no support from the previous analytical work. Lowering the detection limits and requesting the specific PGM (Platinum Group Metals) tests allowed these and other precious metals (Silver) to reveal themselves. The quantitative results have ranged from 4 to the mid 100's for Palladium, the mid 10's for Platinum and 170 ppm for Gold except for Silver which is in the range of several hundred ppm (1 ppm = 1 gram/ ton). Analytical testing is ongoing and results will be published once enough material has been tested to give representative results."

He continues,

"It is my considered opinion that these PGM's may exist in a fraction that we may have previously overlooked and discarded. I have proposed a four phase recovery and separation process that would certainly recover a higher percentage of these rare valuable metals. The first Phase is dedicated to the highest possible recovery of the gold, Silver and PGM's which are readily marketable to create early cash flow. Phase 2 is dedicated to the Coltan minerals with their elements Tantalum and Niobium, which are also present and readily marketable. Phase 3 and 4 are dedicated to the enhancement of the remaining valuable strategic and rare earth elements, which once separated or concentrated, are also highly marketable."


Beckmann remarks,

"Because we have access to excellent analytical methods and existing processing equipment, I recommend that we conduct this process initially where we have adequate existing facilities. Once we have determined the highest and best methods for recovery and separation we will evaluate the feasibility of setting up a process facility near our Pampana operation."

WHERE IS THE EXISTING FACILTY?

Bryan Miller, President comments:

"Discovering these additional valuable metals in our already rich Heavy Mineral Sands has the potential to substantially increase and accelerate our early cash flow. We now believe we can increase the PGM content by retaining that portion of the sands we had until now discarded during the field concentration process. Our original focus was to recover the free gold as Phase 1, but we have now determined that the substantial contained gold, silver and PGMs will be in the initial target of our newly designed processing operation. Mr. Beckmann brings considerable expertise and practical knowledge of these metals to the Sunergy operation as noted below."

From the July 2, 2012 PR:

Operating Expenses 2011 -- $1,201,916 -- Operating expenses for the year ended December 31, 2011, increased by approximately 74% as compared to the comparative period in 2010 primarily as a result of an increase in exploration costs and administrative expense. Our exploration efforts increased predominantly because we implemented a dredging operation on the Pampana River Concession in Sierra Leone with our 8" dredges purchased for this purpose. The material recovered is now being tested at Hazen Research Laboratory in Denver Colorado to determine the specific mineralogical content and to design a pilot plant for separation of the most marketable precious and rare earth minerals. Exploration and development cost are expected to go up substantially over the next three years as we ramp up pilot and small scale production operations. With over 40 KM of river on our concession, future exploration designed to develop resources and reserves will be undertaken limited only by our future financial capabilities. Our Ghana project is looking for a joint venture partner for immediate gold recovery and cash flow.