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[lowtrade]

NEVER believe the PR story, trade the reaction to it!!!!!!

Shop girl got me researching SAEI and it's SOOOO typical for lies & deception it's scary.

Feb the company lost it's claim to it's 1 holding.
The Bonanza claim (British Columbia, Canada) was owned 100% by Supatcha Resources Inc., but has expired. The same claim is expected to be extended to Supatcha with an expiry on July 14, 2011.

10k
To maintain the ownership of the claim, the company is obligated to either complete exploration work of Cdn$4.00 per hectare per year for the three years after staking thence Cdn$8.00 per hectare per year in the future years or in the alternative of the exploration expenditures, the payment of the equivalent of cash in lieu prior to the Expiry Date.
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This was not reported a done yet. So basically they don't event own this claim, only the option to it.
No news from Apr to Aug and Nov the 10Q shows $5 mill cash from $7k in FEB. And involvement in a deal for 2 claims in the Ukraine.

10Q
On February 16, 2010, the Company has entered into a letter of intent, and on April 5, 2010 signed a definitive agreement to acquire a 90% interest in the Barlevskoye and Vynohradiv Gold licenses in the Southwest Ukraine. Under the proposed terms, the Company will pay $7,500,000 and will issue 500,000 common shares to Poltavas Capital Management Ltd. as consideration for the 90% interest in the properties held by way of two special permissions issued by the Government of Ukraine. As of August 31, 2010, $2,000,000 has been spent toward this acquisition.
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They do NOT own the claims!!!
but claim $2.5 mill in value on their balance sheet. And stated the actual amount spent is;
As of August 31, 2010, the Company had expensed $127,398 related to the mineral rights acquisition and exploration costs since inception.

OTHER ASSETS
Mineral property interests 2,500,000
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Then they name drop a takeover interest by BIG MONEY. that can not be verified.
http://mprokhorov.com/media/inthenews/154/
http://en.rian.ru/business/20101209/161702659.html

Yes; Prokhorov elected Polyus Gold CEO
10.12.2010
And yes; Related News
Polyus Gold in talks with Asaubayevs for sale of Kazakhaltyn stake
Polyus Gold, Kazakhstan's KazakhGold abandon reverse takeover deal
KazakhGold asks Nazarbayev to intervene in Polyus Gold dispute
KazakhGold shareholders approve merger with Polyus Gold

But no matter how deep you dig. You can't find any announcement, only the acknowledgement of it!;

The SAEI PR
acknowledges the announcement today by OXM Group (OXM) of its intention to proceed with an unsolicited bid for all of the issued and outstanding shares of Supatcha at a price of $1.75 per share.
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The fact Supatcha Resources Inc. did not exist 9 months ago and in the latest SEC filing shows they still own nothing. All that has happened is a VC has invested in a story, to date. How can a huge Russian tycoon have any real interest in the company. His group is involved with billion dollar deals with real existing gold companies in Russia, not the Ukraine.

Polyus Gold's operating mines and development and exploration projects are located in five major gold mining regions in Russia - the Krasnoyarsk Territory and the Irkutsk Region in Siberia, the Far Eastern Magadan and Amur Regions, and the Republic of Sakha (Yakutia) in East Siberia.
http://en.rian.ru/business/20100719/159867938.html
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IMO you have a shell company, which has a VC which held hundreds of millions shares, ( a few months ago) (now owned by bagholders) which created a story, and sold shares to retail.

The last part of that story is to drop a name about a possibility for buyout, which is unverifiable and not logical. $1.75 per share for a company which owns nothing, has no profits or history of success. That only had $7k cash & $37k debit 9 months ago.

These pump & dumps PR bull all the time!!! The larger the bull, the more the herd's emotion. Some day you may see the SEC ask for proof of the takeover offer. But that is very doubtful. And the dark masters know it. This risk taking dark side game is based on ROI. I've seen billion dollar amounts being mentioned for companies worth $10,000 cash. There are no sheriffs in the Wild West and the outlaws know it and expect to never get caught!! Plan and simple.

Never believe the PR story, trade the reaction to it !
Friday the price gained a second wind to dump the VCs remaining shares on a Emotional ploy. 77% gain, 25 million shares because of a herd mentality. TRADE that!!!