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Rocha signed SCCO on one of these deals:
oh really? Without having insider information - how would one know that?
The SCCO rumor was started by that porn star "Sierra" poster and picked up as fact for the self-serving Promo Sit Team. the rumor and FAKE APS newsletter put out by the paid promo group - WSIN - tried to spin SRGE as a buyout from Goldcorp - until they were exposed.
A simple email to SCCO would squelch any of those rumors. go to their website - send and email - and see what they say.
SCCO)
Could use a nice gold mine, since they do not own one, makes since when copper prices are non-existent. But i was hoping it would be the other way around. Then again what does srge need with scco!!!!...lol
SRGE,
How would you feel if (srge) buy's (SCCO) they are strictly a copper mine!!!...sure there is no scco interest???Maybe a little gold in them there hill's....lol
They are indicative IMO, that the deals are a few hours away.
GO SCCO, finish the buyout.
any insight on those huge buys eod yesterday?
you just put a smile on my face
cruzdelsur, it certainly looks that way. Great things are about to be reveled and I think it will be SRGE and SCCO for the buy out and maybe Gold Corp for the JV on the other mine.
No worries here. We are going to get a buyout by SCCO (CINCO MINAS), AND a Joint venture for the Cabrera mine.
Its coming, patience.
We are going to be rich my friend. Have a good night.
Buyout tomorrow - how long has this been going on?
It started back in September - if you do a search of the SRGE board you will see how this came about - it started with the fake press release:
There is something I don't understand - SCCO is buying SRGE this week and the investors are going to get a $0.20 dividend on a $0.01 stock and the PPS is down 33% it doesn't make sense.
Oh, wait I understand - the investment community yawned and then called BS.
How else does the SRGE guys explain such a huge drop.
Let's see, NITE and naked shorts.
IG
Who bought 2 million dollars worth of stock at end of trading today? Hmmmm some one knows something!,,
Rocha signed SCCO on one of these deals:
--------------------------------------
buybio2 Member Level
Tuesday, November 27, 2012 12:39:10 PM
Re: None
Post # of 68700
CINCO MINAS = BUYOUT , GRAN CABRERA = JOINT VENTURE: FUN SPECULATION
SRGE has two properties, Cinco Minas and Gran Cabrera that have been subjects of numerous past geological studies. Cinco Minas is the better known of the two properties, but Gran Cabrera was also explored by both Tumi and BGL in the past.
Those not familiar with Gran Cabrera, there is significant work currently being done at this important property. I give you an excerpt from SRGE's 10/22/2012 press release:
Quote:The aggressive 2012-2013 diamond drill program began September 3, 2012 and calls for 50,000 meters of diamond drilling. The first drill rig is testing Los Espinoles #3, where three drill holes were completed to a depth of 205 meters, 182 meters and 193 meters. A total of eighty core samples were cut and are being shipped to the ALS Labs at Guadalajara, Jalisco, Mexico.
Previous underground workings stated grades from this area in the order of 200-500 gram Silver and 3.4 gram Gold based on average assays from chip and channel samples. Historical information stated that ore from the Gran Cabrera mines could obtain assays in the order of 9 kilograms (290 oz) silver and about 10.3 grams (0.3 oz) gold in bulk operations, all high-end bonanza grade values.
In simple terms, the Gran Cabrera could also have up to $2 billion worth of resources, which with further studies can become reserves, prior to exploration and mining costs.
Having stated the above, I personally would not turn the NYSE deal negotiations into a bidding war for Cinco Minas but use the opportunity to:
1) Divest Cinco Minas 100% in Cash to one NYSE player at $680MM;
2) Enter a joint venture agreement with the second NYSE for Gran Cabrera for a JV deal proportionate to potential resources but maintain controlling interest if possible.
This way, the Company can explore, develop and produce El Horconcito as a standalone, and if desired La Canita and all future acquisitions.
I believe it is a rather narrow served strategy to think and divest only Cinco when the opportunity has presented itself from two interested firms. Don't turn down the second one--strike a deal with one of them for Gran Cabrera!
Just fun speculation.
Rocha will say there is NO DEAL between SCCO and Scamco SRGE.
jmo
All it would take is for the doubters to follow the directions I gave and they could have their own response.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81783048&txt2find=mariana
But you know why they don't do it? Because they are part of the PAID Promo SIT Circle orchestrating the pump and dump for SRGE. They know the truth and that is why they won't validate the claim.
A legitimate company is not about to put out a press release for every rumor out there on the internet. they have better things to do - unlike SRGE - writing all these nonsense press releases that get regurgitated by Wallstreetinvestornews.com. (and sloppily copy and pasted at that!)
I also forwarded this rumor to the CEO of SCCO - to show what they are saying about HIM.
Wrong EarnestDD! Not what Rocha (CEO) says! he owes Senator BIG TIME for getting him and German (Chairman) out of that "little jam" with Federal Police (PGR)!!! Senator cashing in his chip and Rocha has to dance or risk being exposed and back to jail he goes!
http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.jornada.unam.mx%2F2009%2F06%2F15%2Fsociedad%2F049n1soc
Perhaps the CEO will be interested in a cease and desist for those types of comments!
Big BIG News tomorrow on SRGE involving one of their six mines, including their flagship Billion Dollar Property Cinco Minas. Maybe the rumors of a 600 million dollar buy out by SCCO come true after all!!!
Only hours away from finding out!!!
The company did say in Friday's press release that this upcoming news was going to be very positive and involves one of their six mines in a very rich gold bearing belt in Mexico!!!
Maybe we get a .20 cent dividend by Christmas!!!
GLTA!!!
JMHO
SCCO buyout was to occur 3 Weeks ago ... what happened to the FAKE buyout???
lmao
jmo
You Know It!!!
SCCO- SRGE nobody can stop what is coming.
Everybody has to get used to that thought. Better get some tickets before the blowout.
Lol...fake emails do not count...lets see PR from SCCO denying BUYOUT!!!!
SCCO has NO DEAL with SRGE ... nor does anyone else.
The PR's on a Deal are all Bogus.
jmo
No, it doesn't appear to be a auto-response but again I don't know which post you are talking about if it was anything other than a screenshot it could be a innocent typo.
I looked at the email to nodummy and I didn't see a misspelling unless I am missing something. I really don't believe that nodummy would doctor a email - she doesn't seem to be that interested in SRGE and she seems to take DD seriously and it would damage her credibility to not just present facts.
IG
Post #65817 by sam
It was apparently copied and pasted since no screenshot.
As I'm sure you are aware, signatures are auto generated almost always and the screenshot is spelled right..
giaiv22, I didn't post the information. I am not certain which post you are talking about - I almost always look at who is posting and see if they have a vested interest in posting false information.
That is why screenshots are better - I misspell all the time when typing too fast.
BTW, I took the time to look at the post by nodummy and it looks like Investor is spelled correctly in the email.
But, unless I had a stroke recently and don't remember my posts I don't think I have posted anything about receiving a email from SCCO.
IG
And no, it's not misspelled :) that's why it's raises suspicion that it wasn't copied and pasted but instead written.
Lol.. Typo in an automated email signature??????
I didn't make that post. Two things if I had done it I would have just made a screenshot and it might be that whoever posted it just made a typo.
I don't know - check the screenshot from nodummy and see if it is misspelled there also.
IG
How come the word investor is misspelled in this?
Thank you for contacting us through the website. It seems like a rumor on the Internet and we don't comment on speculative stories or rumors.
Best regards,
Mariana Ugarte
Inverstor Relations Assistant
Nothing if both parties haven't signed that's plain and simple no agreement signed off by SRGE so no need for 8k
I suspect Gold corp. DEAL WAS PUT ON HOLD AS THE 2nd NYSE (SCCO ) stepped up in the bid!!!! So the original deal progressed in to a bidding war!!!
A preliminary agreement is signed between two parts. Where do you see that SRGE signed the SCCO "Offer to buy"?
Until SRGE signs, is not an "agreement".
Therefore no need to 8K.
Why don't you provide documentation to show where SRGE owns Cinco Minas?
I know the answer - you can't because Southridge Minerals owns nothing but a copy of Photoshop and a creative writing team.
IG
What do you think my example showed??? You see where this says "PRELIMINARY AGREEMENT"
You have to be kidding! He is the one who guaranteed a uplisting and a Goldcorp buyout 3 weeks ago. How is that working out?
He stated that Goldcorp had already looked at SRGE and was going to buy. When that was proven false all of the sudden there was SCCO buying SRGE.
He is the one who produced fake documents for the mining concessions - when I took the numbers from the front of his documents and used them on the Ministry of Economy site it shows Bandera Gold has the concessions.
All he does is predict when a fake press release is coming out. Or when one of the SRGE lies gets exposed he predicts great news and then we have a over the top press release.
You figure it out.
IG
Here is a example of a 8k that SCCO entered into a agreement we haven't agreed to it so there is no need yet for the 8k
tem 1.01. Entry into a Material Definitive Agreement.
On November 8, 2012, Southern Copper Corporation (the “Company”) completed a registered public offering of $1.5 billion of debt securities (the “Offering”), consisting of $300 million aggregate principal amount of its 3.500% Notes due 2022 (the “2022 Notes”) and $1.2 billion aggregate principal amount of its 5.250% Notes due 2042 (the “2042 Notes” and together with the 2022 Notes, the “Notes”). The Notes were offered by the Company pursuant to its Registration Statement on Form S-3 (File No. 333-165904) and the Prospectus included therein, filed with the Securities and Exchange Commission on April 5, 2010 and supplemented by the Prospectus Supplement dated November 5, 2012. The offering resulted in net proceeds, after deducting estimated offering expenses of approximately $3,100,000 and underwriters discounts, of approximately $1,468,655,000. The Company intends to use these net proceeds for general corporate purposes, including the financing of its capital expenditure program.
On November 5, 2012, the Company entered into an Underwriting Agreement, dated November 5, 2012 (the “Underwriting Agreement”), with HSBC Securities (USA) Inc., Morgan Stanley & Co. Incorporated, Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the underwriters named therein (collectively, the “Underwriters”), in connection with the issuance and sale by the Company of the Notes. Pursuant to the Underwriting Agreement, the Company agreed to sell the Notes to the Underwriters, and the Underwriters agreed to purchase the Notes for resale to the public. The Underwriting Agreement includes customary representations, warranties and covenants by the Company. It also provides for customary indemnification by each of the Company and the Underwriters against certain liabilities and customary contribution provisions in respect of those liabilities.
Pursuant to an Indenture, dated April 16, 2010 (the “Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”), the Company and the Trustee entered into a Third Supplemental Indenture dated as of November 8, 2012 (the “Third Supplemental Indenture”) and a Fourth Supplemental Indenture dated as of November 8, 2012 (the “Fourth Supplemental Indenture”). The Third Supplemental Indenture and the Fourth Supplemental Indenture provide for the issuance, and set forth the terms of, the 2022 Notes and 2042 Notes, respectively. The Indenture, the Third Supplemental Indenture and the Fourth Supplemental Indenture contain covenants that limit the Company’s ability to, among other things, incur certain liens securing indebtedness, engage in certain sale and leaseback transactions, and enter into certain consolidations, mergers, conveyances, transfers or leases of all or substantially all the Company’s assets. The Company may issue additional debt from time to time pursuant to the Indenture.
>>>>>> MoMoRaptor
Monday, October 15, 2012 12:29:50 PM
Re: Muffinman32 post# 39429
Post # of 66193
Yes looks like BUYOUT will happen sometime next week!!! load up now!!!<<<<<
The above from SRGE board
Or maybe the week after than or well maybe the month after that.
Toofuzzy
your missing the point they signed the preliminary agreement and we haven't signed it yet and it's not mandatory to file on preliminary agreements
You couldn't be more wrong. According to the SEC you have to file a 8-K if, "If the registrant has entered into a material definitive agreement not made in the ordinary course of business"
When do you consider a $600 million deal where "One of the firms has already signed preliminary documents for the full acquisition of the Cinco Minas property." normal course of business.
Here is a example:
>>>>I am curious as to how Southern Copper is going to buy SRGE when they have no mining concessions.
It is very odd that Southridge doesn't show up on any Mexican government websites as having any presence in Mexico. It is a very tough sale when you don't own anything! <<<<
Bingo!
Maybe we should just ignore them and they will go away!
Toofuzzy
I am curious as to how Southern Copper is going to buy SRGE when they have no mining concessions.
It is very odd that Southridge doesn't show up on any Mexican government websites as having any presence in Mexico. It is a very tough sale when you don't own anything!
Take a look at the document from the http://www.sgm.gob.mx (official Mexican Government site for mining).
IG
Not required to file until its a definitive agreement
Section 1 - Registrant’s Business and Operations Item 1.01 Entry into a Material Definitive Agreement.
(a) If the registrant has entered into a material definitive agreement not made in the ordinary course of business of the registrant, or into any amendment of such agreement that is material to the registrant, disclose the following information:
(1) the date on which the agreement was entered into or amended, the identity of the parties to the agreement or amendment and a brief description of any material relationship between the registrant or its affiliates and any of the parties, other than in respect of the material definitive agreement or amendment; and
(2) a brief description of the terms and conditions of the agreement or amendment that are material to the registrant.
(b) For purposes of this Item 1.01, a material definitive agreement means an agreement that provides for obligations that are material to and enforceable against the registrant, or rights that are material to the registrant and enforceable by the registrant against one or more other parties to the agreement, in each case whether or not subject to conditions.
Instructions.
1. Any material definitive agreement of the registrant not made in the ordinary course of the registrant’s business must be disclosed under this Item 1.01. An agreement is deemed to be not made in the ordinary course of a registrant’s business even if the agreement is such as ordinarily accompanies the kind of business conducted by the registrant if it involves the subject matter identified in Item 601(b)(10)(ii)(A) - (D) of Regulation S-K (17 CFR 229.601(b)(10)(ii)(A) - (D)). An agreement involving the subject matter identified in Item 601(b)(10)(iii)(A) or (B) need not be disclosed under this Item.
2. A registrant must provide disclosure under this Item 1.01 if the registrant succeeds as a party to the agreement or amendment to the agreement by assumption or assignment (other than in connection with a merger or acquisition or similar transaction).
3. With respect to asset-backed securities, as defined in Item 1101 of Regulation AB (17 CFR 229.1101), disclosure is required under this Item 1.01 regarding the entry into or an amendment to a definitive agreement that is material to the asset-backed securities transaction, even if the registrant is not a party to such agreement (e.g., a servicing agreement with a servicer contemplated by Item 1108(a)(3) of Regulation AB (17 CFR 229.1108(a)(3)).
>>>>This? "500-600 million dollars for Cinco Minas..."
That was in a press release, lol. It's public...duh!!!!<<<<
No announcements from SCCO
Only "Talks" and possible deals put out by SRGE and no mention of parties involved.
Toofuzzy
Exactly ... Sierra is a Joke and knows NOTHING concerning SCCO.
jmo
I doubt she would be privy to that info anyways.
WRONG ... there is NO 8K as required to be filed by SCCO within four days of a material transaction.
There is NO DEAL concerning Cinco or SCCO.
jmo
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