so instead of going the way of the sunset as many startup mining co's have done since mining vc dried years ago up they continue transitioning to models to produce income and pay off debt until they are in a financial position to develop their own properties. Presumably these other co's who have concessions dont have the money or credit for their own equipment.
from the PR:
Garrett Hale, President and CEO of Sunergy, Inc.: "This approach marks a new plan whereby Sunergy is no longer spending money on mining exploration or operations; rather continuing to generate cash flow from this new agreement in terms of monthly equipment lease payments plus our negotiated share of the profits from the sale of all products produced by the operations . Sunergy has experienced the continued sale of parcels for profit, reducing our outstanding debts for over a year now, and I look forward to continuing this model on a greater scale."
Our investment in Global Builders Group, Inc. for 2,000,000 shares should become profitable for us in 2016-2017 when GBG's pipeline of projects in the Middle East and Sub Saharan Africa begin finalizing. GBG has also made commitments to support the mineral exploitation operations of Sunergy.
A recent Radio interview with The Chief Negotiator for the Company was released by Uptick Newswire. Com. This interview in its entirety can be heard on http://upticknewswire.com/steve-parent-talks-...nergy-inc/. Uptick was not compensated in any way for this interview and is thanked by Sunergy for their efforts.
Please go to www.sunergygold.com for more information.
About Sunergy: Sunergy Inc. was founded in 2003 and is headquartered in Scottsdale, Arizona. For the first 11 years Sunergy was an exploration stage development mining company and controlled large mining concessions in Ghana, Sierra Leone and more recently in Liberia. In mid-2013, due to the fact that exploration funding was virtually non-existent for small mining companies, we changed our focus and operating model from solely engaging in exploration activities, to pursuing cash flow from placing our existing equipment: 3 dredges, vehicles and our wash plant to work in licensed mining activities capable of generating cash flow (exploitation activities). These licensed activities have involved relationships with local artisanal miners where we use our equipment, trained personnel and financial support and earn an interest in their operations. Sunergy has now made the transition from a mining exploration company to a mineral exploitation company. The difference is profound. From this point on, Sunergy will partner with Companies where mineralization has already been identified and located. We will lease our equipment to be used in the operations and we will earn a piece of the operations and have exclusive access to purchase the products generated by the operations.
With the efforts of our local on ground management team we are now undertaking partnerships with local mining groups in the districts most known for diamond recovery. In addition, we are still considering a new EXPL license suitable for early bulk sample testing where diamonds and gold are already known to exist in economic quantities.
from the PR:
Garrett Hale, President and CEO of Sunergy, Inc.: "This approach marks a new plan whereby Sunergy is no longer spending money on mining exploration or operations; rather continuing to generate cash flow from this new agreement in terms of monthly equipment lease payments plus our negotiated share of the profits from the sale of all products produced by the operations . Sunergy has experienced the continued sale of parcels for profit, reducing our outstanding debts for over a year now, and I look forward to continuing this model on a greater scale."
Our investment in Global Builders Group, Inc. for 2,000,000 shares should become profitable for us in 2016-2017 when GBG's pipeline of projects in the Middle East and Sub Saharan Africa begin finalizing. GBG has also made commitments to support the mineral exploitation operations of Sunergy.
A recent Radio interview with The Chief Negotiator for the Company was released by Uptick Newswire. Com. This interview in its entirety can be heard on http://upticknewswire.com/steve-parent-talks-...nergy-inc/. Uptick was not compensated in any way for this interview and is thanked by Sunergy for their efforts.
Please go to www.sunergygold.com for more information.
About Sunergy: Sunergy Inc. was founded in 2003 and is headquartered in Scottsdale, Arizona. For the first 11 years Sunergy was an exploration stage development mining company and controlled large mining concessions in Ghana, Sierra Leone and more recently in Liberia. In mid-2013, due to the fact that exploration funding was virtually non-existent for small mining companies, we changed our focus and operating model from solely engaging in exploration activities, to pursuing cash flow from placing our existing equipment: 3 dredges, vehicles and our wash plant to work in licensed mining activities capable of generating cash flow (exploitation activities). These licensed activities have involved relationships with local artisanal miners where we use our equipment, trained personnel and financial support and earn an interest in their operations. Sunergy has now made the transition from a mining exploration company to a mineral exploitation company. The difference is profound. From this point on, Sunergy will partner with Companies where mineralization has already been identified and located. We will lease our equipment to be used in the operations and we will earn a piece of the operations and have exclusive access to purchase the products generated by the operations.
With the efforts of our local on ground management team we are now undertaking partnerships with local mining groups in the districts most known for diamond recovery. In addition, we are still considering a new EXPL license suitable for early bulk sample testing where diamonds and gold are already known to exist in economic quantities.
