UGH..less PRs. just show us results Sunergy
Post# of 1850
Posted On: 05/06/2014 10:33:44 AM
UGH..less PRs. just show us results
Sunergy Market Activity Not a Reflection of Any Change in Corporate Operations or Fundamentals as Company Readies for Its First Export Parcels of Gold and Diamonds From Liberia and Sierra Leone
SCOTTSDALE, AZ--(Marketwired - May 6, 2014) - Sunergy, Inc. (the "Company"
(OTCQB: SNEY) takes this opportunity to advise shareholders that recent market activity is not a reflection of any change in corporate operations or fundamentals. There is no event that has been leaked or anything whatsoever that is negative that has occurred to cause the kind of aggressive selloff that our market has suffered the last few days.
Having said this, we are pleased to announce that Management representatives are again travelling this day to London, Liberia and Sierra Leone to further our growing operations. London is a follow up to the recent West African Mining Summit recently attended in London. Discussions are being held regarding expanding mining operations, Energy and affordable housing projects with contacts met at the Summit.
Our TROM 416 wash plant and associated equipment and CAT 420D backhoe/loader with attachments will start to move by this week's end from Liberia to Kono District, Sierra Leone to be deployed washing regional gravels for local miners on a base fee basis or percentage of product, whichever is greater. This equipment should be operational within two weeks and is designed to run 24/7. This equipment is near new and will establish a guaranteed cash flow operation to assure its monthly lease purchase payments resulting in ownership and positive cash flow.
As was discussed in last week's Press release, "Once a substantial parcel of diamonds or gold is assembled for export, it has to be presented to the appropriate government agency, with documents of origin signed by local field officer and then it is certified as to origin and valued for payment of duties and export fees. Once these fees are paid, the parcels may be exported to wherever the owner wishes without further involvement of the local government." We expect to begin this export process within the next 30 days and the final results could take 60 to 90 days to size, sort cut and polish and distribute for sale.
As we stated in the April 25(th) Press Release, "Sunergy is now recovering both diamonds and gold on our Liberian dredge operations. Our Sierra Leone dredge operations have been redeployed to areas where they have immediate access to both gold and diamonds. Our Sierra Leone Wash Plant operation will also give us access to a large area from which we expect numerous diamonds. All valuable products are stored in safe deposit boxes at Rokel Bank in Freetown, Sierra Leone and Global Bank in Monrovia, Liberia
Management has determined to offer our diamonds for sale on a first refusal basis, once cut polished and certified, to shareholders who own more than 10,000,000 common shares of our company or to shareholders of record that have directly invested in Sunergy common stock through private placements in amounts greater than $10,000. Any cut, polished and certified diamonds greater than 15 carats, unless specifically requested, will be sold to open market buyers. Diamonds over 50 carats will only be sold to selected market buyers.
Garrett Hale, President and CEO says:" I have observed the aggressive selling this last few days and it has caused me to review everything we are doing to look for an answer to what has been going on. I can't find a thing. So we are going full steam ahead with our operations in both countries and our non-mining activities as well. We expect our loyal shareholders to be very pleased with our progress and revenues over the next few months and especially at year end this year. We are committed to continue to expand our operations."
Prince Kai Saquee, Sunergy Advisory Board Member and Chairman of the Diamond and Gold Dealers Association in Kono District in Sierra Leone said:"I am very pleased that Sunergy has made this substantial commitment to our area. Their approach is to allow any producer to have access to this processing facility. We have strong local support for this facility and I am proud to be associated with the Sunergy team."
Dredgemaster Price says, please read this carefully. I said this last week and nobody seemed to get it...: "Our dredges are working beautifully and we are now moving our Sierra Leone dredges into guaranteed diamond and gold producing areas like we have done in Liberia. Our land based operations in Kono will expand to include licensed operations covering the large diamond discovery areas in Kono District and definitive agreements and licenses will be finalized in a couple of weeks. This placement should make certain that we will recover some large diamonds this year"
Sunergy Market Activity Not a Reflection of Any Change in Corporate Operations or Fundamentals as Company Readies for Its First Export Parcels of Gold and Diamonds From Liberia and Sierra Leone
SCOTTSDALE, AZ--(Marketwired - May 6, 2014) - Sunergy, Inc. (the "Company"
(OTCQB: SNEY) takes this opportunity to advise shareholders that recent market activity is not a reflection of any change in corporate operations or fundamentals. There is no event that has been leaked or anything whatsoever that is negative that has occurred to cause the kind of aggressive selloff that our market has suffered the last few days. Having said this, we are pleased to announce that Management representatives are again travelling this day to London, Liberia and Sierra Leone to further our growing operations. London is a follow up to the recent West African Mining Summit recently attended in London. Discussions are being held regarding expanding mining operations, Energy and affordable housing projects with contacts met at the Summit.
Our TROM 416 wash plant and associated equipment and CAT 420D backhoe/loader with attachments will start to move by this week's end from Liberia to Kono District, Sierra Leone to be deployed washing regional gravels for local miners on a base fee basis or percentage of product, whichever is greater. This equipment should be operational within two weeks and is designed to run 24/7. This equipment is near new and will establish a guaranteed cash flow operation to assure its monthly lease purchase payments resulting in ownership and positive cash flow.
As was discussed in last week's Press release, "Once a substantial parcel of diamonds or gold is assembled for export, it has to be presented to the appropriate government agency, with documents of origin signed by local field officer and then it is certified as to origin and valued for payment of duties and export fees. Once these fees are paid, the parcels may be exported to wherever the owner wishes without further involvement of the local government." We expect to begin this export process within the next 30 days and the final results could take 60 to 90 days to size, sort cut and polish and distribute for sale.
As we stated in the April 25(th) Press Release, "Sunergy is now recovering both diamonds and gold on our Liberian dredge operations. Our Sierra Leone dredge operations have been redeployed to areas where they have immediate access to both gold and diamonds. Our Sierra Leone Wash Plant operation will also give us access to a large area from which we expect numerous diamonds. All valuable products are stored in safe deposit boxes at Rokel Bank in Freetown, Sierra Leone and Global Bank in Monrovia, Liberia
Management has determined to offer our diamonds for sale on a first refusal basis, once cut polished and certified, to shareholders who own more than 10,000,000 common shares of our company or to shareholders of record that have directly invested in Sunergy common stock through private placements in amounts greater than $10,000. Any cut, polished and certified diamonds greater than 15 carats, unless specifically requested, will be sold to open market buyers. Diamonds over 50 carats will only be sold to selected market buyers.
Garrett Hale, President and CEO says:" I have observed the aggressive selling this last few days and it has caused me to review everything we are doing to look for an answer to what has been going on. I can't find a thing. So we are going full steam ahead with our operations in both countries and our non-mining activities as well. We expect our loyal shareholders to be very pleased with our progress and revenues over the next few months and especially at year end this year. We are committed to continue to expand our operations."
Prince Kai Saquee, Sunergy Advisory Board Member and Chairman of the Diamond and Gold Dealers Association in Kono District in Sierra Leone said:"I am very pleased that Sunergy has made this substantial commitment to our area. Their approach is to allow any producer to have access to this processing facility. We have strong local support for this facility and I am proud to be associated with the Sunergy team."
Dredgemaster Price says, please read this carefully. I said this last week and nobody seemed to get it...: "Our dredges are working beautifully and we are now moving our Sierra Leone dredges into guaranteed diamond and gold producing areas like we have done in Liberia. Our land based operations in Kono will expand to include licensed operations covering the large diamond discovery areas in Kono District and definitive agreements and licenses will be finalized in a couple of weeks. This placement should make certain that we will recover some large diamonds this year"
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