Southern USA Resources, Inc.(fka SUSA)

[Renee]

(fka)SUSA: Final Judgments Entered, Substantial Civil Penalties Ordered Against Two Alabama Based Defendants

http://www.sec.gov/litigation/litreleases/2015/lr23253.htm

[Renee]

SUSA: SEC Charges Alabama Based Defendants with Securities Fraud and Reporting Violations:

http://www.sec.gov/litigation/litreleases/2013/lr22878.htm

[Renee]

SUSA revoked:

http://www.sec.gov/litigation/admin/2013/34-70921.pdf

[TraderGash]

Ca-Ching! Now all I have to do is wait for IB to accept orders again so I can cover my short!

[JohnCM]

good call ...

[JohnCM]

Wow! This is pretty positive.

Earnings outlook

From Caprock Risk Management research report:

"Our 2013 EPS estimate for SUSA is $0.17 while our 2014 EPS estimate is $0.26, representing a year-over-year increase of 54.4%. Our 2013 total revenue estimate is $24.9 million and for 2014, we forecast SUSA to generate $38.9 million in total revenue, an increase of 56.2%. There are a number of key drivers for our bullish earnings outlook. First, higher gold prices should continue to enhance the gold sector’s overall fundamentals. Second, SUSA’s strategic initiative to commercially development the Alabama Gold Belt, which has a proven production track record, should drive earnings growth for the foreseeable future. Lastly, SUSA’s low lost production with elevated gold prices should bolster the company’s profit margins and when coupled with management’s mining
experience and intangible relationships in the community could prove our current estimates to be conservative."

[JohnCM]

"With current gold prices reaching historic all-time highs of nearly $1700 per ounce, we are looking forward to mining in the Alabama Gold Belt for many years to come,” commented Charles H. Merchant, Sr., CEO of Southern U.S.A. Resources, Inc."

That seems nice ...

[JohnCM]

Now isn't this a pleasent story ...

[petermic]

New 8k today

Southern USA Resources Inc., a Delaware corporation (the "Company"), has encountered difficulties in its gold production process. Specifically, based on measurement of gold bearing ore going into and coming out of its production equipment, gold that is present is not being captured in the process in sufficient quantity. The Company has therefore decided to temporarily cease its production activities until it can make the necessary adjustments to its processes and equipment, and/or add additional equipment, which it believes will allow it to produce commercially viable quantities of gold. The Company is interviewing mining industry professionals to assist it in revising its plan for gold recovery.

As a result of the cessation of production activities, the Company has temporarily laid off five production workers and its only remaining employees are its CEO, Charles Merchant, and Director of Operations, Roger W. Szelmeczka.

As a result of the foregoing developments, any revenue forecasts can no longer be relied upon.




Item 8.01. Other Events.
The Company has been made aware of certain promotion materials that were distributed by Rising Stock Advisor which make various statements about the Company, its operations, valuation and stock. The Company had no role in preparing such materials, did not pay for them and was unaware that these materials had been prepared. The Company has obtained a copy of these materials on the internet and based on its review, these materials should not be relied upon.

The Company and its board of directors continue to believe in its business and that there is commercially recoverable gold on its property. The Company plans to continue its efforts to improve its production processes with the goal of commercial gold production.

[janice shell]

I've been there. Posted a few times today. Very strange that APS suddenly took it up again.

[smagli]

Janice you might if you haven't already visit the SWVI board

Never mind I see you have already made your presence known.

[janice shell]

Typically, when suspended stocks reopen on the Greys, they lose 60% to 80% of their value on the first trading day. After that, there may be a dead cat bounce.

Volume usually declines rapidly, though, so you'd probably do best to cover while there's still some liquidity.

[Renee]

Excellent, SUSA will open up on the Grey Sheets on March 15 at a much lower PPS and then you can pick when to close out your very lucky short position.

Well done!!!!

[TraderGash]

This is the first time that I have been short a promoted stock that has been suspended by the SEC. Any suggestions on what to expect - timeframe, pps drop expectation etc. I have a warm and fuzzy feeling...

[Renee]

SUSA SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-69010.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2013/34-69010-o.pdf

[nyctraydr]

Southern USA Resources Provides Details on its Alabama Prospect

Southern USA Resources, Inc. (the “Company”) (OTC BB: SUSA), a natural resource exploration and development company, today provides an overview of its properties located in the Alabama Gold Belt.

The Company’s flagship property, SUSAR No. 1, is a 230 acre prospect located in Clay County, Alabama. The property is approximately 3½ miles north of the City of Ashland, commonly referred to as the Idaho Gold District. The Company owns 100% of the land and the mineral rights to this property.

In addition to the flagship property, the Company also acquired the mineral rights to an additional 230 acres southwest of the current flagship property with crossing privilege over to this addition which the Company leased the mineral rights for and 770 acres located approximately 5½ miles northeast of the SUSAR No. 1, known locally as the Short Property.

Based on the Geological Survey of Alabama, gold mineralization in Clay County lies in the Northern Piedmont and Brevard Fault zone. Gold mined in the area comes from a series of quartz-gold veins. The Company has recently discovered an old mine shaft, most likely abandoned in the 1800’s, and based on new essay results evaluated by the Company, gold is very much evident in the area.

Evidence on SUSAR No. 1 shows that the Company is dealing with a structured vein system that appears to carry gold values from mica/graphitic schist’s that lie on either side of the quartz structures dipping 60 degrees to the south southeast. Generally, where there is no quartz, there is no gold, however gold is not located in most quartz but rather follows the quartz and lies to the zone parallel to the quartz. So far preliminary indications are that the belt of gold bearing ore is approximately the length of the property and beyond and is approximately 6 ft. to 180 ft. wide/down, based on historical reports of elderly miners who have verbally confirmed this. This suggests that SUSAR No. 1 may potentially contain several hundred thousand ounces of gold when mined to depth.

“We are excited about the potential gold recovery on our flagship property and very encouraged to have visual confirmation coincide with historical reports from old-time miners. With current gold prices reaching historic all-time highs of nearly $1700 per ounce, we are looking forward to mining in the Alabama Gold Belt for many years to come,” commented Charles H. Merchant, Sr., CEO of Southern U.S.A. Resources, Inc.

[nyctraydr]

Corporate Team

Press Release: Southern USA Resources, Inc. – Thu, Jan 17, 2013 8:30 AM EST

ASHLAND, Ala.--(BUSINESS WIRE)--

Southern USA Resources, Inc. (the “Company”) (SUSA), a natural resource exploration and development company, today announced the composition of its corporate team led by Chief Executive Officer, Charles H. Merchant, Sr., and a team of industry veterans with proven success in natural resource exploration and production.

“We have a great team in place to potentially make this venture a successful one right out of the gate for the Company and its shareholders. I am proud to work alongside with seasoned colleagues that will enable our mining operation to stay efficient in our exploration and successful in gold production,” commented Charles H. Merchant, Sr., CEO of Southern U.S.A. Resources, Inc.

Southern U.S.A. Resources’ Corporate Team includes:

Charles H. Merchant, Sr., CEO and Director

Charles has spent the last twenty years in the mining business in Alabama and Utah. He has been a licensed mining engineer in the counties of Randolph, Cleburne and Clay, independently in the State of Alabama since 1997. From 1984-1990, Mr. Merchant served as Chief Operating Officer of Tennessee National Corp., a $65 million precious metals Holdings Company based in Tennessee. He also served as Vice President of U.S. operations for Consolidated Mining Co. of Alabama, where he negotiated numerous mining leases in seven states, for the coal and precious metals mining businesses.

From 2001 to present, Mr. Merchant has served as Chairman and Chief Operating Officer of JMays LLC, a major U.S. producer of commercial grade mica to the cosmetics and aerospace industries. In his capacity with JMays LLC, he constructed a multi-million dollar mica processing plant and secured land leases with a combined appraised value in the millions of dollars. Mr. Merchant currently serves as a Director for a private iron and rare earth exploration and development company located in Utah.

As President/CEO of then Novastar Resources in 2006, Merchant successfully engineered the reverse merger of Novastar Resources into Thorium Power later that company becoming what today is known as Lightbridge Company, a NASDAQ listed company (LTBR). Mr. Merchant has guest lectured at numerous functions speaking of the potential for gold production in Alabama based on historical records and how the state would benefit economically from this resurgence.

Roger W. Szelmeczka, Director of Operations

Roger has 20 years of experience and demonstrated knowledge with progressive responsibility in regulatory compliance, environmental science, groundwater, hazardous materials management, waste management, emergency response, and emergency management.

From 2000 to present, Mr. Szelmeczka has consulted on numerous gold prospecting projects in Alaska, Idaho and Alabama. He has spent over three years working on systematic sampling of Southern USA Resources Inc. properties that were part of an overall gold research project for Alabama Mineral Properties, LLC, an independent mineral properties research and development company. His research included use of field tech equipment using XRF technologies to detect presence of precious metals in surface samples.

As well, from 2008 to present, he has been an Environmental Specialist for Weirich Consulting Services, Inc., providing professional environmental services to Savannah River Nuclear Solutions LLC at the Savannah River Site in South Carolina.

Mr. Szelmeczka has published various technical reports and articles for journals. Mr. Szelmeczka holds a bachelor’s degree from the University of Idaho in Soils Science.

Marcus Flis, Director

Marcus has served since 2008 as the Managing Director of Royal Resources Limited, an Australia-based company engaged in iron ore and uranium exploration in Australia and United States, listed on the Australian Stock Exchange (ROY.AX). From 2000 to 2008, Mr. Flis served as a Director of Business Development of Rio Tinto Iron Ore. Mr.

Flis also currently serves as a Director of Razorback Iron Pty Ltd, a wholly-owned subsidiary of Royal Resources Limited, Non-Executive Director of Aldershot Resources Ltd, a Canadian based company focused in uranium and vanadium exploration with projects in Australia, Africa and North America, listed on the TSX Venture Exchange (ALZ.V), and as a Non-Executive Director of Iron Ore NZ.

Mr. Flis received his B. Sc. degree with honors from the University of Adelaide in 1980 and his M. Sc. degree from the University of Utah in 1985.

[nyctraydr]

Company Overview

Press Release: Southern USA Resources, Inc. – Mon, Jan 14, 2013 8:30 AM EST

ASHLAND, Ala.--(BUSINESS WIRE)--

Southern USA Resources, Inc. (the “Company”) (SUSA), a natural resource exploration and development company, provides a company overview to the investment community.

As a natural resource exploration and development company, Southern U.S.A. Resources’ initial focus will be on the commercial development of its historic gold properties in the “Alabama Gold Belt.” The Company has acquired and/or leased mineral rights to over 1,200 acres of properties in Clay County for exploration and will utilize a combination of historic data mining and physical exploration to mine the properties. Trenching is the primary method of exploration seeking a quick find of results that are reviewed by company officials to determine if the area of exploration deserves a closer examination.

Historically, Alabama has been known for its own “gold fever”. Gold was first discovered in Alabama in 1832 in Cleburne County in the Arbacoochee Mine. By 1836 there was a great deal of excitement in the gold fields of Alabama until the 1849 California Gold Rush sent many miners west. Gold prospecting in Alabama revived in 1853 when Cornish miners migrated from Tennessee to search for copper. There were additional resurgences of gold mining after the civil war, in the 1880’s, when cyaniding, a method of retrieving gold, was introduced in Alabama in 1903, and in the 1930's, with the rise in the price of gold, which lasted until 1942. Southern USA Resources, Inc. has no plans to use such methodology.

Gold was extracted both from underground mines and through a technique known as placer mining, a type of surface, open pit mining usually done in rivers, creeks, and streams. The total gold production recorded was estimated to be around 50,000 ounces, worth more than $82 million at current prices at approximately $1650 per ounce.

The Company will focus on the research and investigation of historic mining documents to identify old mines and prospects, reducing exploration expense and time. The Company believes its properties have the potential of becoming commercially-viable with the implementation of modern mining techniques.

“Most folks dismiss the fact that the east coast has the potential of producing large gold deposits. The tops of these deposits in the Alabama Gold Belt are relatively shallow and we believe we have the put together the right people with the expertise and knowledge required to successfully produce more than what has been historically recorded in the area. We are excited to share this journey with our shareholders and the financial community and we intend to provide updates of our progress as we go into full-scale mining operations this year,” commented Charles H. Merchant, Sr., CEO of Southern U.S.A. Resources, Inc.

[nyctraydr]

Southern USA Resources, Inc. Announces Production of High Grade Ore on SUSAR No. 1 Property

Company Preparing for Gold Production

ASHLAND, Ala.--(BUSINESS WIRE)--

Southern USA Resources, Inc. (the “Company”) (OTC BB: SUSA), a natural resource exploration and development company, today announced that the Company has commenced mining its flagship property, SUSAR No. 1 and to date, has produced approximately 7,500 tons of gold bearing material, also known as high grade ore using a combination of crushers, screens and pulverizers.

High grade ore is produced through the first phase of processing the ore material from the property. Larger size material is crushed and washed, leaving a slurry of fine sand-like material of ore and gold which is passed through a 30” high speed centrifuge. The Company will be processing the gold bearing material to extract the gold through a final processing technique using an Oro Industries Corporation rougher and finisher. The final product is anticipated to be approximately 90% fine gold concentrate. 80% of the gold is considered to be “flour gold” which is extremely fine in size.

The crystalline rock formations in the area have thin quartz veins approximately 6-15 inches wide that are producing placer and lode gold. The Company has mined 20,000 tons of raw material and is encouraged by the ratio of high grade ore that was produced.

“We have taken the last month mining our flagship property and producing a stockpile of gold bearing material. We look forward to updating our shareholders in the coming weeks as we recover the gold in this next phase of processing,” commented Charles H. Merchant, Sr., CEO of Southern USA Resources, Inc.

[nyctraydr]

Independent Research Report on SUSA

Caprock Risk Management, LLC Provides Detailed Independent Research Report on Southern USA Resources, Inc. / SUSA

Press Release: Southern USA Resources, Inc. – Mon, Jan 28, 2013 8:30 AM EST

ASHLAND, Ala.--(BUSINESS WIRE)--

Southern USA Resources, Inc. (the “Company”) (OTC BB: SUSA), a natural resource exploration and development company, announced today that an independent fee-based research report has been issued by Caprock Risk Management, LLC (“CRM”), initiating coverage on the Company with a price target on the Company’s stock.

The report examines the potential growth of the Company which is expected to be driven by a number of key drivers including higher gold prices that should continue to enhance the gold sector’s overall fundamentals, proven production track record of the Alabama Gold Belt, and the Company’s low cost production with elevated gold prices that should bolster profit margins. A 2 year earnings model is provided and a valuation in-line with company’s peer group of 24.11x price-to-earnings multiple.

Chris Jarvis, CEO and Director of Research at CRM commented, “We have a $4.00 12-month price target on Southern USA Resources that we believe is a conservative estimate. Our firm believes that equity research plays a significant role in providing publicly traded companies visibility to the investment community and we are excited that SUSA is our first company covered in 2013.”

[nyctraydr]

Trending up this month - up from the $1 floor.

[nyctraydr]

Southern USA Resources, Inc. Announces Production of High Grade Ore on SUSAR No. 1 Property

Company Preparing for Gold Production

ASHLAND, Ala.--(BUSINESS WIRE)-- 2/5/2013

Southern USA Resources, Inc. (the “Company”) (OTC BB: SUSA), a natural resource exploration and development company, today announced that the Company has commenced mining its flagship property, SUSAR No. 1 and to date, has produced approximately 7,500 tons of gold bearing material, also known as high grade ore using a combination of crushers, screens and pulverizers.

High grade ore is produced through the first phase of processing the ore material from the property. Larger size material is crushed and washed, leaving a slurry of fine sand-like material of ore and gold which is passed through a 30” high speed centrifuge. The Company will be processing the gold bearing material to extract the gold through a final processing technique using an Oro Industries Corporation rougher and finisher. The final product is anticipated to be approximately 90% fine gold concentrate. 80% of the gold is considered to be “flour gold” which is extremely fine in size.

The crystalline rock formations in the area have thin quartz veins approximately 6-15 inches wide that are producing placer and lode gold. The Company has mined 20,000 tons of raw material and is encouraged by the ratio of high grade ore that was produced.

“We have taken the last month mining our flagship property and producing a stockpile of gold bearing material. We look forward to updating our shareholders in the coming weeks as we recover the gold in this next phase of processing,” commented Charles H. Merchant, Sr., CEO of Southern USA Resources, Inc.

About Southern USA Resources, Inc.

Headquartered in Ashland, AL, Southern USA Resources, Inc. operates a gold mining operation and exploration group in the “Idaho District” of Northern Clay County Alabama. The Idaho District has numerous sites which have been producing mines and placer sites dating to the late 1800’s. Using modern mining techniques, the Company is revisiting prior producing sites where it plans to excavate to a minimum depth of 80 feet, projecting the life of this project to be in excess of 20+ years.

[petermic]

Is that from Comedy Central?

[nyctraydr]

Earnings outlook

From Caprock Risk Management research report:

Our 2013 EPS estimate for SUSA is $0.17 while our 2014 EPS estimate is $0.26, representing a year-over-year increase of 54.4%. Our 2013 total revenue estimate is $24.9 million and for 2014, we forecast SUSA to generate $38.9 million in total revenue, an increase of 56.2%. There are a number of key drivers for our bullish earnings outlook. First, higher gold prices should continue to enhance the gold sector’s overall fundamentals. Second, SUSA’s strategic initiative to commercially development the Alabama Gold Belt, which has a proven production track record, should drive earnings growth for the foreseeable future. Lastly, SUSA’s low lost production with elevated gold prices should bolster the company’s profit margins and when coupled with management’s mining
experience and intangible relationships in the community could prove our current estimates to be conservative.

[Jbob]

Seems the shorts got more out of the deal than the longs this time.

Think it will test 1.70s again?

[Kenswift]

They shook it all the way down to a buck lol. Hard to get in and out with any kinda size though

[Jbob]

Hey, no problem bud, I'm fully out of SUSA at this point with a small profit.

I wish you luck if your in... Nice bounce today!

[StkDummy]

I wasn't endorsing nor making any comment positive or negative other than the fact that it was about 5 days after the slide from the 1.70 peak.

I was simply providing a link to that mailer for those that were asking many messages earlier.

[DozerRubicon]

i have been on your board today for the first time and love it and tried to post but it says i need to sign up and pay for a service. is that right?

[MisterTee72]

Good luck brother. Feel free to post on my board ALL THINGS SUPREME. We cover all promos and good momo plays.

[DozerRubicon]

its getting picked up little by little. i put a few chips down so we'll see fingers crossed

[MisterTee72]

Your just like me.

[Jbob]

Nadda, waiting for some action. Dont look like its gonna be here though. Im out now with little gain... Next

[MisterTee72]

Good morning JBOB,. What's the word?

[Jbob]

Old news...

[Natureboy1]

Yeah, I gutted this pig last week for 10%! Got tired of watching the paint dry!

[nyctraydr]

SUSA can potentially undercut the competition as a low-cost producer: the company owns both the land and mineral rights for their flagship operation, as well as all of the equipment on site. The company estimates a production cost of about $375/oz., relatively low for the industry.

[nyctraydr]

Nice report - hope it puts some eyes on the stock.

[StkDummy]

Here is your mailer, a week late and 70 cents short?

http://sharesleuth.com/wordpress/wp-content/uploads/2013/01/SUSA-Promotional-Mailer.pdf

And a sleuth article to boot.

http://seekingalpha.com/article/1148431-southern-usa-resources-promotional-campaign-has-familiar-look-familiar-players

[BigJuan]

Nice. Maybe they can change the ticker and run the next one selling methane gas! Glad I took my 30% and moved on!

[Natureboy1]

DON'T SELL!!! There's a MOTHER LOAD in ALABAMA!!! Just not sure it's gold if you know what I mean. lol!!!

[Jbob]

Yeah, im starting to realize that now. This one started as a hard mailer so I thought it might be different. Guess not.

Still made a few bux, just missed the top.... Story of my life!

[Jbob]

Heard that, and its moving on air and no pump. Go figure...

[TMcNasty]

It's all fun and games until mailers start dropping. Then it's almost always time to find a fire exit.

[Kenswift]

Lol, shoulda stuck with GNIN, this is her ugly sister.

[Jbob]

So much for 2$ by the end of the month.

[TMcNasty]

C'mon guys it's a stock promotion w/ a hard mailer out. Promoters are selling into the volume. You know what that means...dontcha?

[DozerRubicon]

this baby has gotta pop soon. come on !!!!!!

[Kenswift]

Gap this biach up on shorty

[Kenswift]

I know it as shorted pretty good today. I hope they try to gap it up and squeeze a bit. Almost shook me out too bro. Shoulda taken my profit and ran.