Southern Copper (SCCO)

[stervc]

MoMoRaptor, with this SCCO & SRGE thought...

This recent SRGE PR was probably the most, if not one of the most powerful PRs that I have seen written. Bottom line, when they announce the name of the NYSE company and the NYSE company files an 8-K and/or release news of such, then I would expect to see price movements in huge proportions. If this NYSE company is SCCO as some are speculating, such would be very huge for both SCCO and SRGE.

Some have "speculated" that the NYSE company is Southern Copper which trades on the NYSE under the ticker of SCCO at over $35.00+ per share. I don't know if this is so, but let's consider the magnitude of such to take as an example as if SCCO is actually the NYSE company. First, read below:

Delaware high court upholds $2bn Southern Copper judgment and record attorneys' fees:
http://www.mineweb.com/mineweb/content/en/mineweb-base-metals?oid=157763&sn=Detail

Net Income of over $2 Billion for 2011 for SCCO & is on track to make close to that amount for 2012:
http://finance.yahoo.com/q/is?s=SCCO+Income+Statement&annual

SCCO was awarded $2 Billion from a lawsuit they won a few years ago. They have made over $2 Billion in Net Income for the year 2011. They are approaching that amount again to be made in Net Income for the year 2012. As one could see, a company like SCCO would have no problem paying $550 Million to add $5.7 Billion in value into its company by doing the Cinco Minas deal with SRGE. Still, even if they paid SRGE in cash, or in the form of SCCO shares as SCCO has done previously with other deals, such would be fine too.

Again, I have no way of knowing who is actually the NYSE company that SRGE referenced in their PR. I was just using SCCO to show just how quick investors would be able to research the history of the NYSE company involved once named to quickly examine the magnitude of what we have here with our SRGE shares. This is why I say…

Bottom line, when they announce the name of the NYSE company and the NYSE company files an 8-K and/or release news of such, then I would expect to see price movements in huge proportions. If this NYSE company is SCCO as some are speculating, such would be very huge for both SCCO and SRGE.

v/r
Sterling