NEW YORK, Nov. 10, 2014 /PRNewswire/ -- Analyst Brief by Small Cap IR – Sunergy, Inc. (OTCBB: SNEY) based in Scottsdale, Arizona recently announced the hiring of a diamond expert as an official consultant to Sunergy. The arrival of a seasoned import/export consultant occurs at an opportune time following the finalization of decisions regarding the appropriate transport and sale of current and future diamond parcels to the United States. The consultant brings a wealth of diamond dealer relations and will act as the chief conduit that liaises between Sunergy and some of the best and most trusted diamond dealers in the world.
The Liberian crews report that weather is continuing to improve and rains diminished enough to move the dredges into the river by mid to end of November, while continuing to work the Lofa area pit from the winter effort.
The Sierra Leonean crews are on standby awaiting the approval of licensing to be issued in order to develop the substantial quantity of gold discovered prior to the September rains. With the start of dredging in Sierra Leon, Sunergy will have two operations under way in known producing areas well in advance of any previous operation start times.
Sunergy share price has been steadily falling since approximately May, 2014 with the trend reversal from bullish to bearish occurring in August, 2014. The share price remains above the 52 week lows but, appears to be headed towards that level. However, the recent increase in trade volume may be signaling that the share price has reached a support level and is bottoming out. This may suggests an undervalued share price and may trigger a buy signal. The announcement of an early start on operations and the discovery of a significant gold occurrence may contribute to a stronger finish of the calendar year for the Sunergy share price.
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