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SUGO. Bot 5 Times. avg'd [$0.00798]:
SUGO is an Exploration Stage Company with Mineral rights in 'perpetuity' [if fees paid] on Conglomerate Mesa, Inyo County Ca.
Fully Reporting OTCQB:
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Short History of Those rights, their transfer(s):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64769236
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Current pps $0.0041 to $0.0055 seems to be support for a number of steps upward to come. PPS hsas been taken down by short term convertible debentures: Not the optimal form of financing, it is and remains imperative that the Company maintain the claims to preserve what we believe to be a very valuable in ground asset. Since the announcement regarding the funding offered us by Quest, we have chosen to explore a number of other financing alternatives that we believe may better protect our shareholders' interests." He continued, "We are in late stage negotiations on several significant opportunities, and expect that we should know more in the near future."
It has failed every spike/pop in pps so far. The character of that may soon change.
Sugo received Letter Of Intent from Quest Financial for 1st needed money June 2011: $15 million. They've needed 10 million.
http://finance.yahoo.com/news/Sungro-Minerals-Receives-iw-1984088667.html?x=0&.v=1
Reference the financial Update: The single most imortant thing to know is that the 'land fees' are paid! / Sungro Minerals Completes Annual Bureau of Land Management and County Tax Payments; Updates Shareholders
http://ih.advfn.com/p.php?pid=nmona&article=49175875
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SUGO MINERAL VALUE = $35.14 BILLION as of 3/2/2011
4,800,000,000 pounds of lead priced at $1.167 per pound RESERVE EST. $5.6016 BILLION
2,000,000 ounces of gold priced at $1433 per ounce RESERVE EST. $2.866 BILLION
250,000,000 ounces of silver priced at $33.19 per ounce RESERVE EST. $8.67375 BILLION
Zinc Reserve Estimated at RESERVE EST. - $18 BILLION
From 86 page PDF: NI 43-101 Report Feb 10, 2011. Takes more than a minute to load.
http://www.sungrominerals.com/images/report.pdf
Updates on iHub Stock Quote Page News:
http://ih.advfn.com/p.php?pid=squote&symbol=SUGO
I am an assistant Mod.
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Shares Outstanding 104,499,857 a/o Jul 14, 2011
Float 42,000,000 a/o Jul 14, 2011
Authorized Shares 375,000,000 a/o Jul 14, 2011
http://www.otcmarkets.com/stock/SUGO/company-info
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FAQs:
http://www.sungrominerals.com/FAQ.php
SunGro Minerals home: http://www.sungrominerals.com/index.php
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iHub: http://ih.advfn.com/p.php?pid=squote&symbol=SUGO
Well 1st here is an apple pie being made at TOOT:
http://ih.advfn.com/p.php?pid=squote&symbol=TOOT
