|
|
||||
|
|
Sunergy, Inc. (SNEY)
|
|||
|
Monday, December 14, 2009 – After Market Close Green Baron New “Stock Pick”
(BB: SNEY - .09 per share) Common Shares Outstanding / 53,798,000 Current Market Cap / $4.84 million Year High / $.80 per share Year Low / $.0685 per share Average Price / $.1092 (50-day) $.2009 (200-day) Average Volume / 79,900 (50-day) 46,000 (200-day)
Sunergy Prepares to Start Gold Recovery Operations on World-Class Property Headed by World-Class Management and Advisory Team Technical Report Indicates Potential for Millions of Ounces of Gold on 100% Controlled 150 Sq. Km. Mining Concession in Ghana; Property near Famous Ashanti Goldfields Obuasi Mines and Yamfo Concessions Belonging to Newmont Ghana Gold The Green Baron Report Believes SNEY at Ideal Point of Accumulation near Year Low and Gold Over $1,100/Oz; Sunergy Positioned with Leadership to Succeed! For years, The Green Baron Report has maintained a strong interest in mining companies that have realistic high value potential. We have learned it is just as important to evaluate the people running the company as the actual property claims held by the Company. Most recently, we selected Santa Fe Gold (BB: SFEG) and Wits Basin Precious Minerals (BB: WITM) as two mining stocks to own for the future run in gold. SFEG has rallied as much as 75% since our summer reports to members, and WITM continues to be range bound above our profile price. Now, we are ready to issue our next “Stock Pick” that members should seriously consider accumulating, and the Company is aggressively focused on mining for large amounts of gold. The Green Baron Report is proud to announce that Sunergy, Inc. (OTCBB: SNEY) is officially our 83rd fully profiled Green Baron “Stock Pick” and will be added to our storied list of previously profiled “Stock Picks” on our home page. Results compiled from the most recent trade possible prior to dissemination of this report to the subsequent high will be monitored at www.thegreenbaron.com. Although we have very aggressive short and long term expectations for this stock, we still suggest our members try to accumulate as close to the profile price as possible. TRADING NOTES: SNEY is a fully reporting company traded on The OTC Bulletin Board. In August 2009, SNEY rallied to hit .35 per share following strong fundamental announcements that the Company eliminated its debt, acquired the Ghana property, and added key board members. In both September and last month in November, SNEY rallied to hit .20 per share even without significant news. SNEY typically trades with a spread of a penny, but since it is BB listed the stock can be represented at just about any price in between. Average volume over the past 50 days is moderate at about 80,000 shares. SNEY held support above the year low on the last dip, and should have solid support at .08 to .09 per share. Sunergy, Inc. is an aggressive junior mining exploration and development Company that controls 100% of the 150 SQ. Km. Nyinahin mining concession in Ghana, Africa with a full prospecting license. The Green Baron Report has identified ten major reasons for our members why the timing is right to add Sunergy, Inc. (BB: SNEY) to a speculative portfolio:
It’s easy to understand that with a market cap of just under $5 million, Sunergy is perhaps the most undervalued of any gold exploration company we have seen particularly with gold trading at about $1,100 an ounce. The Green Baron Report believes Sunergy has built a veteran management and advisory team that are capable of proving the resource and building production on an aggressive time schedule. In a market that has seen many gold exploration stocks rally 10-fold in the past year, Sunergy has not actively sought investors or shareholders so its stock has languished. We believe that is all about to change, and Sunergy is about to hit the radar and catch up to its peers. The Green Baron Report looks for SNEY to rally significantly over the next several weeks and months, and we expect to see SNEY hit at least .50 per share by the end of the first quarter. About Sunergy, Inc. The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Ofin River flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin River is known for good alluvial gold production. Artisans usually recover about 30% of the available gold through primitive hand methods, leaving 60-70% to be recovered by modern mechanical operations. The 150 square kilometer Nyinahin Mining Concession is located between two geological gold belts, the Bibiani Belt to the west and the Asankrangwa to the east. The property shares borders with several major mining companies, including Newmont Mining, Napoli Gold and Dunkwa Continental Goldfields. About 80% of the Nyinahin Concession lies to the west of the Ofin River within the Ashanti Region of Ghana. The property is accessed via the main Kumasi-Bibiani trunk road and is located 48km southwest of Kumsasi and 20km northwest of Bibiani. It falls under the jurisdiction of the Atwima Mponua District Assembly with headquarters at Nyinahin. Excerpts from Technical Report of The Nyinahin Concession (August 2006) Ghana has more than a century history of mechanized gold mining, however, in the last two decades, global innovations in the mining sector particularly the evolution of modern exploration and processing techniques have enabled the discovery and exploitation of near surface low grade material which hitherto was regarded as waste. This has resulted in an increase number of acquisition of exploration properties and mineral projects in Ghana by both local and international organizations. Three anomalous target zones namely Owusukurom, Ntoboroso, and Krakyekurom within the Birimian metasediments have been delineated for further work. Interpretation of results suggests that the mineralization appears to be associated with NNE to NE structures. A shear zone located at a point with GPS coordinates 605767mE, 720762mN, appear to have resulted from the intersection of ENE-WSW trans-regional shear system and NNE-SSW strongly developed shear corridor. Mineralized trends delineated, appear to run parallel to NE-SW regional sutures observed to be associated with gold mineralization within the Birimian terrains. The result of the survey indicates that the Nyinahin concession has good exploration potential and a significant potential for lode gold mineralization within a favorable geological terrain. Potential for alluvial gold also exist along the Ofin River within the concession. The Bonte Alluvial Mines, mining the Gyeni River (tributary of the Ofin) is located to the east of the concession. It is therefore recommended that soil geochemistry and trenching coupled with ground geophysics be carried out to properly define the mineral potential of the delineated zones. It is further recommended that the alluvial potential within the concession be investigated. The Nyinahin concession shares boundary with several companies due to its shape. Gyata Exploration is located to the West. To the east is Napoli Gold Limited, whilst Ashanti-Akokeri, U & N Company and Dunkwa Continental Goldfields are located to the southeast. Within the district, some 20km SW of the concession is the Ashanti Goldfields Bibiani Mines and 50km SE is the famous Ashanti Goldfields Obuasi Mines. The Kenyasi – Yamfo concessions belonging to Newmont Ghana Gold is also located some 45km NW of the concession.
Ghana - CLIMATE and RESOURCES
The climate is
tropical but relatively mild for the latitude. Climatic differences
between various parts of the country are affected by the sun's
journey north or south of the equator and the corresponding position
of the intertropical convergence \one, the boundary between the
moist southwesterly winds and the dry northeasterly winds. Except in
the north, there are two rainy seasons, from April to June and from
September to November. In the north squalls occur in March and
April, followed by occasional rain until August and September, when
the rainfall reaches its peak. Ghana, known for its gold in colonial times, remains one of the world's top gold producers. Other exports such as cocoa, timber, electricity, diamond, bauxite, and manganese are major sources of foreign exchange. An oilfield which is reported to contain up to 3 billion barrels (480,000,000 m3) of light oil was discovered in 2007. Oil exploration is ongoing and the amount of oil continues to increase. Recent Key Press Releases Tuesday, September 29, 2009 – Sunergy Prepares to Start Operations on its 150 sq. km. Ghana Mining Concession and Evaluates Future Petroleum Development Opportunities in West Africa - SCOTTSDALE, AZ - (MARKET WIRE) - Sunergy, Inc. (the "Company") (OTCBB: SNEY) reports the following update on the preparation for operations on our 150 sq. km. Nyinahin mining concession, located in Ghana, West Africa. This concession enjoys a full prospecting license for gold, silver, diamonds and base metals. During the next few months we will test the alluvial gold and diamond recovery potential along the Ofin River which runs through the eastern portion of the concession for about 45 km. We will bulk sample the numerous existing artisan pits along the river on our concession. Our planned budget is around $300,000.00 US which could recover an estimated 1,000 oz./gold generating around $900,000.00 of revenue from the bulk testing program. Our plan involves leasing a suitable gold recovery plant. The permitting for the bulk testing operation is now underway. Robert Levich CPG, EurGeol, Chief of West African Operations (See Press Release dated September 1, 2009) said, "Now that I am back in Ghana we will start permitting which is very straight forward and inexpensive for this type of operation. We also plan to extend our full prospecting license for another two year period. Our bulk testing operation results are expected to justify a full mining license which is for a period of 30 years. The three large anomalies that also occur west of the Ofin River will be the subject of exploration in the next phase, utilizing the expected cash flow from this year's operations." Company President Joseph Guerrero said: "This exciting project offers both immediate gold recovery opportunities through the numerous abandoned Artisan pits along the Ofin River as well as substantial hard rock exploration in three large anomalies that warrant a vigorous exploration effort. Some larger mining Companies operating in the area have already expressed interest in evaluating the mineral potential on this concession. We are currently evaluating additional development opportunities in the petroleum industry in Ghana which could add to dramatic growth given they just last year discovered 33.8 billion barrels of proven oil reserves in the gulf of Guinea. This represents 3.1% of the total global proven reserves. Taking into account unproven but indicated and measured reserves increases West Africa's share to about 7% of the world's total reserves." Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1074902 Tuesday, September 1, 2009 - Robert A. Levich CPG, PG, EurGeol, FSEG, FGSA Joins Sunergy Advisory Board and Becomes Chief of Operations in Ghana - Sunergy, Inc. is pleased to announce that Robert A. Levich, retired Professional Geologist for 31 years with US Department of Energy (DOE) ultimately heading up the Yucca Mountain Project for nuclear waste disposal in Nevada, has joined the Sunergy Advisory Board and has agreed to accept the position with the Company as Chief of Operations in Ghana, West Africa. During his years with DOE, he managed technical projects in New Zealand, Brazil, Australia, Mexico, Canada, Sweden and Switzerland and bilateral agreements with Finland, France, Spain, Japan and the UK. He and his family maintain a residence in Las Vegas, NV and they built a home in Ghana where he now works and spends time with his family. Levich conducted geologic mapping in advance of gold exploration in western Ghana, and systematic alluvial diamond prospecting in eastern Ghana for the Ghana Geologic Survey. He has worked closely with the Minerals Commission in Ghana and will be a valuable asset to our Company heading up our operations there. Levich has also carried out exploration programs for precious metals and uranium in Montana, Washington and Colorado for Apache Energy & Minerals Company. He evaluated uranium resources in Uganda and Somalia and reviewed China's program for siting a deep geologic repository in the Gobi Desert for the International Atomic Energy Agency (IAEA). He is the author or editor of 45 publications and organizer or chair of 25 symposia and workshops. He is a Certified Professional Geologist (CPG) by American Institute of Professional Geologists (AIPG); certified as European Geologist (EurGeol) by European Federation of Geologists; Fellow of the Geological Society of America; Fellow of the Society of Economic Geologists. He is listed in Who's Who in America and Who's Who in Science and Engineering and is a former president of AIPG, Nevada Section and has been the recipient of more than 20 DOE Monitory Awards and Commendations. Mr. Levich comments; "I am quite excited to join the Advisory Board of Sunergy who I believe have a great vision for rapid development in Ghana and West Africa. I am also committed to work hard as Chief of Operations and will work closely with Karl Baum to commence permitting for our 150 sq. km. Nyinahin mining concession on my return to Ghana in a few weeks. I am also authorized to discover and evaluate potential acquisitions or Joint Venture opportunities, which I believe are significant and important for the rapid growth of our Company." Chairman P.K. Medhi said; "I have known of Mr. Levich through the professional associations we were both involved in for many years. I am happy to have this opportunity to work directly with Bob on building our Company. It is very beneficial to us to have him join our enterprise since he has impeccable credentials and seasoned experience and lives in Ghana for a substantial part of the year. His ability and enthusiasm for a 'hands on' approach to operations will assist us greatly in establishing confidence in our operations and opportunities." Tuesday, August 18, 2009 - Sunergy Reports Update on Operations on Its 150 sq. km. Ghana Mining Concession - Sunergy, Inc. (OTCBB: SNEY) reports the following update on the planning and preparation for operations on our 150 sq. km. Nyinahin mining concession, located in Ghana, West Africa. During Q'4 2009 we plan to test and evaluate the alluvial gold recovery potential along the Ofin River which runs through the eastern portion of the concession for about 45 km. We plan to do this by bulk sampling the numerous existing artisan pits along the river on our concession. Our planned budget is around $300,000.00 US which could recover an estimated 1,000 oz./gold generating around $900,000.00 of revenue from the program. Our plan involves either leasing a suitable gold recovery plant or joint venturing with another operator with suitable equipment. The permitting for the operation will commence shortly. The Ofin River is an easterly-flowing waterway in Ghana. It flows through the Tano Ofin Reserve in Ghana's Atwima District. The Ofin riverbed is 90 meters above mean sea level. The Ofin and the Pra rivers form the boundary between Ghana's Asahanti and central regions. Dunkwa-on-Ofin is a major town on the river. Gold is mined from the river's sediment. The Ofin tributaries also offer good gold and diamond recovery historically. Karl Baum, Manager of West African Development, said, "Since this concession already has a full prospecting license, permitting is very straight forward and inexpensive. The artisan pits have no overburden and are considered high grade targets by the industry in Ghana. Many alluvial projects in Ghana have from 2-15 meters of overburden, so our excavation costs should be very economic. I am excited about the opportunity for early cash flow." Company President Joseph Guerrero said: "This cornerstone project offers both immediate gold recovery opportunities through the numerous abandoned Artisan pits along the Ofin River as well as substantial hard rock exploration in three large anomalies that warrant a vigorous exploration effort. Some larger mining Companies operating in the area have already expressed interest in evaluating the mineral potential on this concession and we are currently evaluating 2 immediate gold production acquisition opportunities to establish immediate cash flow and aggressively advance our shareholder value." Wednesday, August 12, 2009 – Sunergy Appoints Karl A. Baum Manager of West African Business Development - Sunergy, Inc. announces the appointment of Mr. Karl A. Baum as Manager of West African Business Development to further advance the Company's Nyinahin Project within the Republic of Ghana and other business and mining interests in the region. Mr. Baum brings with him a background in Business Management from Arizona State University and International Management Studies from Thunderbird School of Global Management. He has over 5 years of experience within West Africa serving as the General Manager for (2) small-scale exploration and gold mining operations within The Republic of Ghana with 7,000 ton/day capacity. As International Procurements and Logistics Manager he has overseen the shipment of over USD 15 Million worth of capital equipment from the United States and imported into Ghana. He has led the permitting activities for the operating mines in Ghana and enjoys a good working relationship with the local and national authorities. Prior to his positions within Ghana, Mr. Baum served as Permitting Coordinator on several gold mining projects in Colorado working with the EPA and Division of Minerals and Geology to ensure regulatory compliance. Mr. Baum has also provided assistance in developing several large scale contracts for mining services within The Republic of Liberia and Sierra Leone; giving him a working knowledge of the customs and concerns of performing within the West African business climate. This hands-on experience within the region has assisted him in providing turn-key supply chain management solutions which are vital to successful operations in this part of the world. Karl commented, "I am excited to join the Sunergy family because we share the same vision and goals for developing a large diversified Company throughout West Africa. This economic downturn has uncovered several opportunities that are available now for those ready to do business in Ghana and West Africa. I will return to Ghana shortly and start implementing our business plan for near term gold production and cash flow and keep my eyes open for opportunities." Company Chairman P.K. Rana Medhi said, "We now have an area manager with local knowledge and substantial connections in Ghana. With our debt settled, we are now in position to begin work in earnest on our 150 sq. km. Nyinahin mining concession and Karl is the perfect manager to take us through permitting to production." President Joseph Guerrero commented, "Our aggressive approach to developing our projects and evaluating expansion projects can now proceed rapidly. With Karl's assistance and leadership, we are committed to building a diverse revenue base taking advantage of the business opportunities that Ghana offers." Monday, August 10, 2009 - Sunergy Announces Kerry Bjornson, CEO Joins Company's Advisory Board - Sunergy, Inc. announces the appointment of Kerry Bjornson, CEO of Gold Canyon Mining and Construction of Apache Junction, Arizona, to the Company's Advisory Board. Mr. Bjornson previously ran the American Asphalt of Las Vegas, Nevada, contract mining business which was sold to become Gold Canyon Mining and Construction. Gold Canyon has substantial mining contracts in Arizona, Nevada and other areas in the US with both copper and gold producers with Major mining companies, including Newmont Mining at their Phoenix Copper/Gold Project in Battle Mountain, Nevada. They have about 200 employees and operate a few hundred pieces of heavy mining/earth moving equipment. Company Chairman, P. K. Rana Medhi, said: "We are extremely fortunate to have Kerry as a member of our Advisory Board. His experience in earth moving and equipment deployment for large and small scale mining operations is valuable for the successful execution of our mining plan in Ghana, West Africa. Kerry joins Steve Parent, President, CEO of General Metals Corporation on our Advisory Board. Kerry, Steve and I have worked together successfully previously in building and operating another mine for another company in Nevada in 2003-2004." Kerry commented, "Although we do not operate our business overseas at this time, I am excited to be able to offer advice and planning for the targeted gold mining operations in Ghana. I enjoyed working with Rana and Steve at the Plum Mine and am pleased to be invited to help where I can." Monday, August 3, 2009 - Sunergy Announces $262,500 Debt Settlement to Eliminate Company Debt - Sunergy Inc. announces that it has entered into a debt settlement agreement with a private investor who has been owed $250,000 since December 30, 2008. The terms were for 1 year @ 8% interest. The Company has determined to settle outstanding debts wherever possible and had just settled the General Metals Debt of $237,500 plus interest and penalties for 2,000,000 restricted shares. On July 29, 2009 the investor agreed to accept 2,100,000 restricted shares of common stock of Sunergy in full settlement of the debt including interest. The result is that Sunergy will have settled over $500,000 of debt for 4,100,000 restricted shares in the past week. Company Chairman P.K. Rana Medhi said, "We have now successfully settled all outstanding debts of the Company, except short term payables, leaving us with no debt. Future equity financing will be able to immediately advance the Company's projects. The Company is pursuing suitable financing scenarios now that should enable rapid development of the Company's projects in West Africa." President Joseph Guerrero commented, "Our aggressive approach to developing our projects and evaluating expansion projects can now proceed rapidly. We are committed to building a diverse revenue base taking advantage of the business opportunities that Ghana offers." Tuesday, June 30, 2009 - Sunergy Announces the Appointment of P.K. Rana Medhi to Chairman of the Board of Directors - Sunergy, Inc. announces the appointment of director P.K. Rana Medhi to Chairman of the Board of Directors. Purnendu K. Medhi is a principal of Minerals Management International, a cooperative of mining professionals that provides comprehensive mining management services and technical support internationally to mineral industry and financial institutions. He also serves as Chairman of the Board of Governors of the Arizona Department of Mines and Mineral Resources and Trustee of the Boards of the Mining Foundation of the Southwest and AIPG Foundation. Mr. Medhi retired from Cyprus Amax Minerals Company in 1994 after 28 years of service in order to start his own consulting practice. At Cyprus he held various senior technical and management positions including general manager of several of its operating divisions where he participated in many of the industrial mineral, base metal and gold discoveries and mine development projects and played a key role in developing roasting, leaching and SX-EW technology. Mr. Medhi holds a Masters of Science degree from the University of Arizona and is a Registered Mining and Engineering Geologist in the states of Arizona and Oregon and a Certified Professional Geologist with the American Institute of Professional Geologists. He is also an adjunct professor of mining technology and geology with community colleges of Arizona. Company President Joseph Guerrero said: "We are extremely fortunate to have Rana as Chairman of our Board of Directors. His experience and wisdom in the mining industry and international business community will serve our Company well in developing our business plan in Ghana, West Africa and other areas of interest." Management The management team, including the Directors and Advisory board members, has more than 125 years of mining industry experience with junior and mid-tier companies involved in exploration, development and production of precious metals. The team consists of: Joseph Guerrero Chief Executive Officer, President and Director Real Estate developer in Arizona and Mexico Investor/ developer of gold mines in Mexico International business connections
P.K. Rana Medhi, Chairman of the Board, Director Over 40 years of experience in the mining industry; including 28 years with Cyprus Amax Minerals Registered Mining and Engineering Geologist working as an Independent Consultant Chairman of the Board of Governors of the Arizona Department of Mines and Mineral Resources
Chris Brule, Founder of Sunergy, Director Participated in large Power generation project in Tanzania Substantial West African Business Contacts
Stephen B. Parent, Advisory Board Member 25 years of experience in the mining industry. Managed the exploration and development at junior public mining companies Founder and Chief Executive Officer and President of General Metals Corporation
Kerry Bjornson, Advisory Board Member 20 years of experience in the mining industry Contract Mine construction in US for gold, silver and copper Chief Executive Officer, Gold Canyon Mining and Construction Green Baron Conclusion Sunergy has a world-class property in an area surrounded by world-class companies and has built a world-class management team. There are not too many places in the world you can still go to and see people pulling out ounces of gold right out of the river. They don’t call this the Gold Coast for nothing. Gold is in Ghana, and management firmly believes its 150 sq. km. property is loaded with it. Newmont and Ashanti Goldfields are nearby for good reason. This veteran management team has been carefully structured over the past six months. The caliber of men like P.K. Rana Medhi is extraordinary. Keep in mind; Mr. Medhi is Chairman of the Board of Governors of the Arizona Department of Mines and Mineral Resources. From the CEO down to every advisory board member, Sunergy has a team that is ready and capable to quickly build a first class mining and production company. We expect Sunergy to aggressively accelerate its development actions on the property in Ghana. It is our understanding that it has identified several key locations to mine alluvial gold, and its bulk sampling plan will move forward soon. Sunergy is evaluating a number of avenues that could generate significant interest, and we anticipate exciting new developments from this powerful and respected management team. The Green Baron Report strongly encourages members to accumulate SNEY as close to our profile price as possible, and look for SNEY to begin a solid trend higher. Company Contact: Joseph Guerrero President Sunergy, Inc. (480)477-5810 scottsdaleinvestments@yahoo.com
|
||||
|
. |
||||
|
Evergreen Marketing, Inc. All Rights Reserved. |