OTCPK:SUNYF - Post by User
Post by
Mr_Jameson Sep 07, 2013 11:50am
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Post# 21724748
Sunshine wins Thickwood Approval
Sunshine wins Thickwood ApprovalYesterday afternoon (September 6th) Sunshine has been for the 10,000 bpd operation on heir thickwood lease. They are now going to apply to expand the lease to 70,000 Bpd.
The first pprovl is the difficult one, the expansion will be easy. This news along with a JV will bring the share price up.
As for bonuses and such, the board approves these and with almost 3 billion shares, all of here put together own at best maybe 1%, so we will never count. The insiders and the big intial investors hold this company.
In my opinion, we don't matter here at all. This company will be just another foriegn owned company with a Canadain front. Very clever how they have done it as well, they have the Canadain front, and 7% of the entire leases in the tar sands.... In conclusion out of the 2.8 billion shares in the company, i believe 2.5 billion are being held tight, leaving 300 million to be traded by the rest of us, so it will be easy to squeeze the share price...
The worth of this company will be manipulated, but even at $1 this company will be extremely overvalued, and with the JV's being put in place only will decrease their worth. They have messed up by not achiving production with the money from their IPO..... And I do agree that this is completely unacceptable. It will run next week, and after this runs, on all their hype and news I will sell, and will be investing in what I know is a much better investment. I will post the name once i am out of this and have bought my position elsewhere.