SUGO (Sungro Minerals Inc)- Our Next GDSM Gold Runner Poised For .02+ Cents?
SUGO .0014- We first alerted our VIP Subscribers SUGO with the bid at .0005 and the ask at .0006 cents several weeks ago. This week we alerted our FREE members at .0011 cents. The stock suddenly broke out this week giving our VIP Subscribers and easy 200% in gains potential from our alert when it hit an intraday high of .0018 cents on Thursday. The good part is there appears to plenty of gas left in its tank for SUGO to do what many investors failed to realize it is capable of as it attempts to take a shot at making history once again. This Gold stock caught our attention after seeing its dramatic fall from last years .02+ cents trading range. This is a stock that once traded in the .60 cents range several years ago. With recent economic conditions SUGO took a big hit which is why the stock price dropped so low. The good part is with the recent filing expected to be released shortly, SUGO appears to be ready to be on track to break a worldwide marathon race as it attempts to break .01+ cents this time around. Last year we alerted our VIP Subscribers GDSM at .0004 cents. That undervalued Gold Penny Stock broke out recently this year paving the way for our VIP Subscribers to be the luckiest investors to grab a piece of the 9,000% in gains when it hit .033 cents recently. For those investors who missed GDSM, SUGO could be the next best opportunity to make up for that missed opportunity. Our target for SUGO remains at .02+ cents which could possibly hit at some point in the weeks ahead this year.
Lets take a look at the SUGO Chart below. As you can see the 200 Day Moving Average is at .0085 cents. If this resistance is broken we could see up to .02+ cents meeting our target expectations and making many investors wealthy.
About The Company
Sungro Minerals Inc. was incorporated under the laws of the State of Nevada on August 10, 2007.
Sungro Minerals - SUGO is an early exploration stage company engaged in the acquisition, exploration, and development of mineral properties.Presently, its business plan is to explore for minerals on its mineral property in Conglomerate Mesa.
The Conglomerate Mesa Project hosts structurally and stratigraphically controlled, sediment-hosted gold mineralization similar to the "Carlin-type" deposits of north-central Nevada. The property was originally explored by a Fortune 500 corporation while it was within the Cerro Gordo Wilderness Study Area (WSA). Newmont withdrew from Conglomerate Mesa in 1993. Federal agencies dropped the property's WSA status the following year. The core area of the Conglomerate Mesa property was explored by a second Fortune 500 exploration company in 1995, with eight target zones identified, based partly on surface road cut channel samples.
The core area of the Conglomerate Mesa property was explored by a second Fortune 500 exploration company in 1995, with eight target zones identified, based partly on surface road cut channel samples. In 1997, they conducted a widely-spaced, 10-hole reverse-circulation drill program at Conglomerate Mesa.
Newmont withdrew from Conglomerate Mesa in 1993. Federal agencies dropped the property's WSA status the following year. The core area of the Conglomerate Mesa property was explored by a second Fortune 500 exploration company in 1995, with eight target zones identified, based partly on surface road cut channel samples. In 1997, they conducted a widely-spaced, 10-hole reverse-circulation drill program at Conglomerate Mesa.
SUGO .0014- We first alerted our VIP Subscribers SUGO with the bid at .0005 and the ask at .0006 cents several weeks ago. This week we alerted our FREE members at .0011 cents. The stock suddenly broke out this week giving our VIP Subscribers and easy 200% in gains potential from our alert when it hit an intraday high of .0018 cents on Thursday. The good part is there appears to plenty of gas left in its tank for SUGO to do what many investors failed to realize it is capable of as it attempts to take a shot at making history once again. This Gold stock caught our attention after seeing its dramatic fall from last years .02+ cents trading range. This is a stock that once traded in the .60 cents range several years ago. With recent economic conditions SUGO took a big hit which is why the stock price dropped so low. The good part is with the recent filing expected to be released shortly, SUGO appears to be ready to be on track to break a worldwide marathon race as it attempts to break .01+ cents this time around. Last year we alerted our VIP Subscribers GDSM at .0004 cents. That undervalued Gold Penny Stock broke out recently this year paving the way for our VIP Subscribers to be the luckiest investors to grab a piece of the 9,000% in gains when it hit .033 cents recently. For those investors who missed GDSM, SUGO could be the next best opportunity to make up for that missed opportunity. Our target for SUGO remains at .02+ cents which could possibly hit at some point in the weeks ahead this year.
Lets take a look at the SUGO Chart below. As you can see the 200 Day Moving Average is at .0085 cents. If this resistance is broken we could see up to .02+ cents meeting our target expectations and making many investors wealthy.
About The Company
Sungro Minerals Inc. was incorporated under the laws of the State of Nevada on August 10, 2007.
Sungro Minerals - SUGO is an early exploration stage company engaged in the acquisition, exploration, and development of mineral properties.Presently, its business plan is to explore for minerals on its mineral property in Conglomerate Mesa.
The Conglomerate Mesa Project hosts structurally and stratigraphically controlled, sediment-hosted gold mineralization similar to the "Carlin-type" deposits of north-central Nevada. The property was originally explored by a Fortune 500 corporation while it was within the Cerro Gordo Wilderness Study Area (WSA). Newmont withdrew from Conglomerate Mesa in 1993. Federal agencies dropped the property's WSA status the following year. The core area of the Conglomerate Mesa property was explored by a second Fortune 500 exploration company in 1995, with eight target zones identified, based partly on surface road cut channel samples.
The core area of the Conglomerate Mesa property was explored by a second Fortune 500 exploration company in 1995, with eight target zones identified, based partly on surface road cut channel samples. In 1997, they conducted a widely-spaced, 10-hole reverse-circulation drill program at Conglomerate Mesa.
Newmont withdrew from Conglomerate Mesa in 1993. Federal agencies dropped the property's WSA status the following year. The core area of the Conglomerate Mesa property was explored by a second Fortune 500 exploration company in 1995, with eight target zones identified, based partly on surface road cut channel samples. In 1997, they conducted a widely-spaced, 10-hole reverse-circulation drill program at Conglomerate Mesa.
Contact Info
- 111 Airport Rd.
- Unit 5
- Warwick, RI 02889
- Website: http://www.sungrominerals.com
- Phone: (401)- 648-0805 Ext 350)
- Email: martin@sungrominerals.com
SUGO Security Details
Share Structure
| Market Value1 | $293,303 | a/o Mar 09, 2012 |
| Shares Outstanding | 209,502,219 | a/o Dec 13, 2011 |
| Float | 153,002,219 | a/o Dec 13, 2011 |
| Authorized Shares | 750,000,000 | a/o Nov 14, 2011 |
| Par Value | 0.001 |
Shareholders
| Shareholders of Record | 82 | a/o Mar 15, 2011 |
Security Notes
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Short Selling Data
| Short Interest | 963,246 (834.31%) Feb 29, 2012 |
| Significant Failures to Deliver | No |
Transfer Agent(s)
| Signature Stock Transfer, Inc. |
Recent News
Sungro Minerals, Inc. Submits Notices of Intent for Exploration Permits | ||||||||||
Sungro Minerals, Inc. (OTCQB: SUGO), an Exploration Stage Mining Company, announced today the filing of two Notices of Intent with the Bureau of Land Management to explore segments of both the Conglomerate Mesa and Santa Rosa sections of the 548 claims the Company has in Inyo County, California. "Sungro is pleased to be able to make these filings as a first step of its overall exploration program of the project," stated Mr. Frederick Pucillo, CEO. "The result of these early exploration efforts will be more precise information leading to development of additional exploration targets, and ultimately, a full plan of development leading to production," he concluded. About Sungro Minerals, Inc. Sungro Minerals, Inc. is an early stage Mining and Exploration Company seeking to acquire, develop, and manage various mineral properties and resources. The company currently controls 548 un-patented lode mining claims in Inyo County, California. Cautionary Note to U.S. Investors This press release may use the terms "measured resources," "indicated resources," "inferred resources," and "historical resources" which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification system. The United States Securities and Exchange Commission (the "SEC") does not recognize these terms and the SEC guidelines (Industry Guide 7) provide that such terms shall not be included in a registrant's filings with the SEC (unless required to be disclosed by foreign or state law). The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. U.S. investors are cautioned not to assume that any part or all of a measured, indicated or inferred resource exists or is economically or legally mineable. U.S. investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us, or from the SEC's website athttp://www.sec.gov. Forward-Looking Statements This press release and any related calls or discussions may contain forward-looking statements. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of and demand for our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; recapitalization and balance sheet restructuring activities (including debt-for-equity exchanges, land transactions, capital raising and other activities); operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing of restructuring charges and the impact thereof; productivity, business process, rationalization, restructuring, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. The words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential" and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our SEC filings and the following: the current global economic downturn and capital market weakness; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources and reserves; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; our ability to cure defaults under our current indebtedness; our substantial indebtedness and the impact such indebtedness may have on us; the possibility that our operating performance and operating prospects, and capital market conditions will limit our ability to timely meet our debt service obligations, comply with debt covenants, obtain necessary financing or refinancing or restructure indebtedness or our debt service obligations on acceptable terms or at all; potential dilution to our stockholders from our recapitalization and balance sheet restructuring activities; potential inability to continue to comply with government regulations; adoption of or changes in legislation or regulations adversely affecting our businesses; business opportunities that may be presented to or pursued by us; changes in the United States or other monetary or fiscal policies or regulations in response to the recent capital markets and economic crises; interruptions in our production capabilities due to unexpected equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, copper, diesel fuel, and electricity); changes in generally accepted accounting principles; geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues organically; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies and equipment raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement. Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities. Contact: Sungro Minerals, Inc.Martin BolodianInvestor Relations Phone: (401)- 648-0805 Ext 350) www.sungrominerals.com SOURCE Sungro Minerals, Inc. | ||||||||||
0.0014 -0.0001 (-6.67%)
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