Keep Sunergy Inc. (SNEYD) on your radar. We could see this stock trade heavy volume and it's already showing signs of moving up in the pre-market. We believe this stock will be very tradeable and that we very well could see a breakout.
On Aug 23rd, Sunergy, Inc. (SNEYD) received FINRA approval for a 10-1 forward split effective 8/24/10 and the "D" will be removed 20 business days later.
This means on September 21st the "D" will be removed and SNEYD becomes SNEY.
SNEYD has been a running bull over the last several weeks as its been trending up on steady volume, and has recently pulled back from a $0.03 resistance level to an attractive $0.159 price per share.
As investors catch on to this special situation we believe SNEYD can easily test that previous high of $0.03 and be this week's Big GAINER!
Sunergy Inc. (SNEYD), is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. They 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 Offin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Offin 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 Company is also involved in facilitating petroleum supplies to Ghana through its affiliation and strategic alliance with a Global Petroleum Trading and Supply company and
plans to expand its petroleum influence.
Effective October 31, 2008, Sunergy (SNEYD) completed the acquisition of 100% interest in Mikite Gold Resources ("Mikite"), a Ghanaian corporation with exclusive exploration rights to the Nyinahin Mining Concession near Bibiani, Ghana. The Mineral rights are for gold, diamonds and base metals.
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. The district is home to the famous Ashanti Goldfields-Obuasi Mines and is one of the most active exploratory areas in the world.
A preliminary survey by Geodita Resources LTD, Ghana, indicates that the Nyinahin Concession has significant potential for lode gold mineralization and for recovery of alluvial gold. There are 3 major anomalous zones: Owusbukurom anomaly in the center Ntoboroso anomaly in the southeast and the Krakyekurom anomaly in the southwest. There are 4 known mineralized trends: Baaneekurom-Nyinahin, Ntoboroso, Owusukurom-Adupiri and Krakyekurom-Adupiri. The reconnaissance has also shown several abandoned surface mines that are yet to be investigated due to time and budget constraints of the current owners.
With all the current attention of penny stock marketers and the recent success of these low priced stocks, we believe that SNEYD could show traders nice gains during today's trade session and we want you to do your due diligence. You can start by visiting their website, http://www.sunergygold.com/index.html, as well as reviewing their latest press releases and filings with the SEC.