Southridge Enterprises Inc (SRGE)

[Yin Yang]

$$$$ SRGE VALUATIONS & bgl drops litigation

Comparison valuation of PHOT and SRGE. PHOT is valued at 10 times their assets and SRGE much less, while SRGE had assets worth 30,705,471 $. Also, I'm going to provide a valuation of SRGE as it is right now without purchasing details of the senior miner. 

Suppose there would only be an asset purchase agreement between SRGE and MSJ without any senior miner involved, how much would the SRGE share price at least be right now? 

This can be calculated with common sense. If I have assets worth 30 million I will only sell these assets if I get at least 30 million in return from the buyer. As the last press release by MSJ did not provide purchase details, what would SRGE be worth right now without the price a senior miner would have to pay? 
How much would SRGE ask at least from MSJ? It would be the value of SRGE's assets or assets minus liabilities. 

In the last financial report of SRGE we see this in www.otcmarkets.com/financialReportView...p;id=96742 : 

Total Assets=30,705,471 $ 
Total Liabilities=13,173,116 $ 

On the linkhttp://www.otcmarkets.com/stock/SRGE/profile the outstanding shares are: 545,874,868 

SRGE share price according to their Total Assets = 30,705,471 $ / 545,874,868 shares = 0.056 $ = 5.6 cents 
SRGE share price according to their Total Assets minus Total Liabilities = 30,705,471 $ - 13,173,116 $ /545,874,868 shares = 0.032 $ = 3.2 cents 

So the SRGE share price at this moment should be between at least 3.2 cents and 5.6 cents according to their assets/liabilities when there's no senior miner involved. No matter if we go left or right, the fact remains that when you purchase something you give something back in return and we arrive at pennies. 

In the case of a total takeover by a senior miner, the purchasing price would have to be above 20 cents (26 cents I posted in my previous post 7717) and this also depends on the price of silver/gold. If silver/gold goes higher, the purchasing price goes higher as well. In the case of just an asset purchase agreement without any senior miner involved, the price should be between 3.2 and 5.6 cents which is what the price should be right now.

In both cases the SRGE share price is worth multiple pennies. 



In this post I will revaluate Cinco Minas/Gran Cabrera according to the press release from SRGE on December 26th 2012. 
http://www.prnewswire.com/news-releases/south...06901.html ;
SRGE valued Cinco Minas/Gran Cabrera between 550/600 million $ in this press release. I will calculate how much Cinco Minas/Gran Cabrera is worth now (April 28th 2016) compared to then (December 26th 2012) according to SRGE's press release. And remember, this price would be just for the Cinco Minas/Gran Cabrera mines, not the other mines El Horconcito etc. which we all own as SRGE/MSJ shareholders. 

Price of gold December 26th 2012: 1657.70 $ 
Price of silver December 26th 2012: 30.01 $ 

Cinco Minas December 26th 2012: 
Estimated gold:112,187 x 5(assumed with 100% ore tested) x 1657.70 $=929,861,950 $ 
Estimated silver:14,319,064 x 5(assumed with 100% ore tested) X 30,01 $=2,148,575,553 $ 

Total worth Cinco Minas: 3,078,437,503 $ 

Gran Cabrera December 26th 2012: 
Estimated gold: 212,223 x 1657.70 $=351,802,067 $ 
Estimated silver:106,363,224 x 30,01 $=3 ,191,960,352 $ 

Total worth Gran Cabrera: 3,543,762,419 $ 

Total worth Cinco Minas + Gran Cabrera = 6,622,199,922 $ 
Total worth Cinco Minas + Gran Cabrera SRGE press release: 550,000,00 

Total worth Cinco Minas + Gran Cabrera:Total worth Cinco Minas + Gran Cabrera SRGE press release = 12,04 : 1 


THIS CAME FROM AN AWESOME WELL KNOWN SITE!!!



BGL terminates Cinco Minas/Gran Cabrera litigation. This news is also posted by BGL on sedar.com on April 18th 2016. Now that BGL finally wrote off Cinco Minas/Gran Cabrera as they should have done long ago, the road is clear. This was the last press release by MSJ where MSJ acquired SRGE's mines and MSJ wrote "purchase details in planning for another writing of events". So we wait for the senior miners to take over these mines and for the "purchase details in another writing of events". 

"ZAPOPAN, Mexico, Feb. 11, 2013 /PRNewswire/ -- Minera San Jorge S.A. de C.V. expresses it has acquired the Cinco Minas Mine property operations and other mining properties of Southridge Enterprises Inc. President of Minera San Jorge, Jaime Arturo Anaya Trejo, represented that acquisition was signatured on February 11, 2013, and that purchase details in planning for another writing of events. Cinco Minas operations continue as before this event and expansions coming in time. Minera San Jorge discusses others participations in Cinco Minas with money commitments and mining historical experience. 
One partner should come to Cinco Minas from our meetings." 

If senior miners do not quickly jump on this opportunity to buy the mines from MSJ and MSJ wants instant value for their mines, another option would be to get SRGE off the greys again to provide instant value and money to MSJ. MSJ could decide to bring SRGE back into the pink sheets and then afterwards make a deal with senior miners through SRGE as a public pink sheet company. As gold/silver prices are a lot less than 3 1/2 years ago, it would be a good option to consider bringing back SRGE as a pink sheet stock from the grey sheets so that future negotiations with senior miners would go a lot smoother. 

These are the three steps to get SRGE back into the OTC market and off the greys: 

1) SRGE reactivates their business license (reinstatement costs about 5500 $) and does the necessary filings. 
2) SRGE contacts a law firm to file a 15c-211 to get SRGE off the grey sheets and into the pink sheets. 
3) MSJ transfers the Cinco Minas/Gran Cabrera concession titles to SRGE and SRGE makes agreements for the other mines as well, such as El Horconcito, Los Compadres, La Esperanza, La Canita. 

Getting off the grey sheets can be done just like PHOT did so it's not in the realm of impossibility. Especially with the background of the SRGE story this can definitely happen as a lot of people who always thought of SRGE as a scam and did not exist would be all over each other just to grab some SRGE stock. Coming back to the pink sheets after being on the grey sheets for 3 1/2 years would make everyone want to buy the stock. This could drive the price much higher. If these three steps are taken successfully, SRGE stock would provide instant value and money and hit at least a penny, which is still 100 x the current share price and is possible with all concession titles and mines in possession. 

Also as a reminder, no one knows what's going to happen next. Not me and not any other forum poster anywhere even though I kept reading that SRGE shareholders will get nothing and that SRGE is a scam and it does not exist etc. All posts are opinions as it's not me or other forum posters who decide what comes next. Since the beginning I mentioned that MSJ decides what happens next as MSJ wrote that last press release acquiring the mines from SRGE and announced purchase details for a later writing. And, if you purchase something then you give something in return for the purchase. 

Who will write the next chapter for SRGE and what could be in store? 

Will MSJ find a buyer for their mines and provide a liquidating dividend to the SRGE shareholders or will they bring SRGE back from the greys to the pink sheets or will they do something else? 

SRGE is now the cheapest at 0,0001 and if SRGE does a comeback into the pink sheet market, it will be the mother of all comebacks as no other stock has ever been beaten down in history like SRGE over the past 4/5 years with claims of being a scam and not existing. The game is on and the kraken will be released. The road is clear. It's up to MSJ which road they want to take and decide what to do next. 

From another popular site..... 



MSJ/SRGE PREVAILS! bgl SAYS UNCLE! LMAO!
From Buholegal today! 
18/4/16 
Seen the contents of the account trade, marked by the Secretariat of the first District Court in administrative matters and working in the State of Jalisco, through which transcribes the agreement of 13 April this year, dictated in the trial of amparo 2139 / 2015, its index, he warns, in the interest here, requesting the referral of certified copies of all the proceedings in the trial of amparo 627/2016 , our index. 
refer to brevity, ex officio and without a new agreement, the certified copies of merit. 
http://www.buholegal.com/listaacuerdos/federa...ton=Buscar ;


Rocketred Member Level Monday, 04/18/16 06:17:57 PM 
Re: None
Post # of 12897 

Bandera drops Cinco Minas, Gran Cabrera lawsuits 

2016-04-18 17:58 ET - News Release 
Shares issued 112,252,653 
BGL Close 2016-04-15 C$ 0.005 


Mr. Peter Gommerud reports 

BANDERA GOLD TERMINATES LITIGATION ON MEXICAN PROPERTIES 

Bandera Gold Ltd. has terminated the litigation on its Cinco Minas and Gran Cabrera mining properties located in Mexico. Bandera has diligently defended its rights to enforce the original option agreement signed by the parties, only to be obstructed at every turn by procedural manoeuvres common in the justice system in Mexico. The board of Bandera has assessed the uncertainty of any potential resolution, timing and cost of continuing the court cases, combined with general poor financial conditions in the mining sector affecting the market value of the properties. 

After assessing these factors, the board has determined Bandera's resources are better focused toward identifying and evaluating mineral properties of merit for acquisition, exploration and development. 

We seek Safe Harbor.