Seller keeps on selling. Has to be Allied group or about 35 PP holders or a combo of both.
Sunergy Appoints New Country Administrator For Sierra Leone And Discusses 2012 Operations and Finance Plans in Preparation for Resuming Operating Activities
With the appointment of Mr. Strand, Sunergy is now preparing to start its 4th quarter 2012 operations in the next few weeks. We have targeted some initial operations that will not be adversely affected by the rainy season for the balance of this year and we will have a head start on the regular operating season once the rains subside. This year we will establish a pilot plant recovery facility to process our sands for gold recovery, Ree's and other marketable product separation while establishing a resource category of minable material along the Pampana River.
Sunergy Update: Hazen Research, Inc. Report Proves Appreciable Gold Contained In Stockpiled Pampana Sands Which Is Easily Recoverable By Magnetic And Gravity Separation
Hazen starts its Conclusions and Recommendations section with the following: "Based on the results of this preliminary investigation, the Stockpile sand contains appreciable gold which is easily recoverable by magnetic and gravity separation"... In The Mineralogical Examination Section Hazen states: "To provide evidence of the occurrence of randomly distributed free placer gold, a 100 g grab sample of the blended Stockpile sample was separated using a high-intensity rare earth hand magnet to separate the paramagnetic ilmenite from the nonmagnetic constituents, including the gold. Both magnetic products were assayed for gold and PGMs. The results show that about 99% of the gold is in the nonmagnetic product which assayed 14.4 g/t Au and represents about 28% of the total weight of the sample."
What am I missing? I'm still buying. Naive? Drank to much of the Kool-aid? Who knows. I still think we have a winner.
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