The Golden Penny

[JohnnyMoneymaker]

Yes, I see that... They are putting big blocks...

[TheInvincibleBull]

if SRGE closing red today then tomorrow is deff its day to shine imo. fridays is SRGE day closing green all the time

[TheInvincibleBull]

SRGE needs to get past .0044 today to go green and once it does look out huge profits to follow imo

[TheInvincibleBull]

whoever is using the mm UBSS on SRGE is shorting the crap out of the stock every tick up has a huge block wall but when tested goes away. haha cant keep SRGE down for long

[TheInvincibleBull]

someone is really trying to keep SRGE down. nice big buys come through then small bid whacks take it down. come on bulls we can do this

[TheInvincibleBull]

some nice big buys coming through on SRGE should finish green today

[TheInvincibleBull]

SRGE about to go green again soon imo

[TheInvincibleBull]

the bashers are back at SRGE again today

[TheInvincibleBull]

.0041x.0043 go SRGE

[TheInvincibleBull]

SRGE churning ready to take off imo

[TheInvincibleBull]

We are still on the most posted list. On the bottom lol but still on it

[TheInvincibleBull]

Thegoldenpenny board marks are growing keep up the good work

[TheInvincibleBull]

SRGE is going to run hard today imo

[TheInvincibleBull]

Get ready for SRGE the next triangle is about to be made imo. Goodnight everyone

[TheInvincibleBull]

I gave momo my email address but haven't heard anything back from him hopefully he will join this board

[TheInvincibleBull]

$SRGE was shorted heavily yesterday and with us finally at bottom watch out for a nice bounce followed by a short squeeze imo

[TheInvincibleBull]

The Golden Penny board is going to make it to the top imo

[TheInvincibleBull]

What are some other plays to watch or make an entry in tomorrow?

[TheInvincibleBull]

$SRGE expecting news this week imo

[TheInvincibleBull]

Even clay trader said bottom is in on SRGE and tomorrow will confirm the spinning candle like he said

[TheInvincibleBull]

Also everyone please board mark and feel free to post your plays as well

[TheInvincibleBull]

A lot of buzz over on SRGE board

[TheInvincibleBull]

Great time to load up on SRGE if you already have not. Big bounce coming imo

[TheInvincibleBull]

Goodnight SRGE green tomorrow

[JohnnyMoneymaker]

Yeah, I don't think they will be able to answer that bud...

Have a great night my friend...

[TheInvincibleBull]

I emailed $GG and asked them since $SRGE mines where close to their mines if they had any interest in doing a JV/Buy out with $SRGE. I doubt they could actually answer that but i figured it was worth a shot

[TheInvincibleBull]

all the major big board gold mining stocks all are in Mexico. Mexico is the next big gold rush imo

[JohnnyMoneymaker]

We, SRGE longs will prevail bud!!

[TheInvincibleBull]

thanks marked you back

[JohnnyMoneymaker]

What up Will!!! Ready to get rich???

SRGE

[JohnnyMoneymaker]

Marked you bud number 40!!!

[TheInvincibleBull]

MUST READ! WOW GO SRGE. I want you to call wall street chronicle ext 1605 you tell a man blue horse shoe loves SRGE

[TheInvincibleBull]

This is thanks to Tradingfunds over at the SRGE board

~SRGE-> NEW GOLDMINE WORTH $2.96 PER SHARE~~

EPS = Net Income ÷ OS
EPS = $76,800,000 ÷ 545,874,868 shares
EPS = .1406

Expected SRGE Price Per Share = EPS x P/E Ratio
Expected SRGE Price Per Share = .1406 x 21.10
Expected SRGE Price Per Share = $2.96

Quote:stervc Member Profile stervc Member Level

Wednesday, October 17, 2012 11:19:10 AM
Re: None
Post # of 41565
SRGE**La Canita Gold Mine Valuation…

The acquisition news of this La Canita Gold Mine adds significant valuation to SRGE. According to the news of this acquisition, the current market value is in excess of $320,000,000 USD for the La Canita Gold Mine as indicated within the PR below:
ih.advfn.com/p.php?pid=nmona&article=54515862

To derive a fundamental valuation that the La Canita Gold Mine will add to SRGE, consider the variables below:

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
** Net Profit Margin of 24% as of 16 Oct 2012 as indicated below:
http://biz.yahoo.com/p/134conameu.html
** Outstanding Shares (OS) = 545,874,868 shares
** Earnings Per Share (EPS) = Net Income ÷ OS
** Price to Earnings Ratio for the Gold Industry is 21.10 as indicated below:
http://biz.yahoo.com/p/134conameu.html
** Expected SRGE Price Per Share = EPS x P/E Ratio
** 10 Year Life Expectancy of Mine.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Net Income from La Canita Gold Mine = $320,000,000 x .24 Profit Margin

Net Income from La Canita Gold Mine = $76,800,000

EPS = Net Income ÷ OS
EPS = $76,800,000 ÷ 545,874,868 shares
EPS = .1406

Expected SRGE Price Per Share = EPS x P/E Ratio
Expected SRGE Price Per Share = .1406 x 21.10
Expected SRGE Price Per Share = $2.96

10 Year Life Expectancy of Mine = $2.96 ÷ 10
10 Year Life Expectancy of Mine = .296 per share

This means that fundamentally speaking, this acquisition has added another .296 per share in Fundamental Valuation to the per share worth of SRGE. This is in addition to the valuations listed below:

SRGE Cinco Minas Fundamental Valuation(s):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79640513

SRGE Gran Cabrera Fundamental Valuation(s):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79704043

SRGE "El Horconcito" Gold property Valuation:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79791320

Just based on this acquisition of the La Canita Gold Mine by SRGE, SRGE could fundamentally be trading in the .29+ per share range for starters. This is still conservatively speaking and here’s why I say such…

Within this last PR of the acquisition of the La Canita Gold Mine, it was indicated that within the same region in close proximity, Primero Mining operates the San Dimas Mine which is a very large producing gold and silver asset that Primero Mining had purchased from Goldcorp in 2010. This mine, the San Dimas Mine, has probable reserves of over half a million ounces of gold and 31.8 million ounces of silver. Let’s understand that Primero Mining is not new to this mining thing which trades on the NYSE under the ticker of PPP at over $7.00+ per share as indicated below:
http://www.primeromining.com/
http://finance.yahoo.com/q?s=ppp&d=t


To add, the world's largest epithermal precious metals belt is the prolific Sierra Madre Occidental gold belt. The San Dimas Mine and the recently acquired La Canita Gold Mine by SRGE is part of this prolific belt. Because of this fact, it strengthens the changes that the valuation indicated above is probable and achievable by SRGE. I think as some of the trading begins to settle down, investors should begin to realize the magnitude of this acquisition by SRGE.

$$SRGE is Golden!$$

v/r
Sterling

[JohnnyMoneymaker]

Lol... Hellz yeah bro!!!

[TheInvincibleBull]

haha you know when we break .0078 everyone who sold and didn't buy back in is going to be crying and chasing all the way to the top


go SRGE

[JohnnyMoneymaker]

Board marked!!!!
Whoot whoot, SRGE is about to explode! Chart doesn't lie! Let's keep the FAITH people!
I'd like to see those bashers cry like a little BIATCCCHHHH when we fly... lol

[TheInvincibleBull]

it will be so nice not to have to put up with any bashers on this board. tomorrow imo they won't be posting to much when we are nice and green

[TheInvincibleBull]

ended up being very huge gains lol. wish i got in SRGE then

[WillForeall]

Yeah buddy! Same here only always me to add when I can!!!

[TheInvincibleBull]

thats one thing great about my position i can wait as long as it takes to make some big coin on SRGE :)

[WillForeall]

I'm hearing we will, just a waiting game but not long

[TheInvincibleBull]

thanks marked you back.....go SRGE may the longs come out on top

[TheInvincibleBull]

anyone that knows MOMORAPTOR knows he is good when it comes to $SRGE. He said more news this week and buy out next week. So far he hasn't been wrong we will see.

go SRGE

[WillForeall]

Board marked bud! I have one as well :)

[TheInvincibleBull]

$SRGE now at 390 board marks the momo just keeps growing

[TheInvincibleBull]

$SRGE DD wanted please feel free to post

[TheInvincibleBull]

Company is buying back shares thats great


The Company also announces it is continuing their share Buyback with plans to increase the overall program. To date, Southridge has bought back a total of 443,576,000 shares and retired them to the treasury. The total outstanding shares to date are 545,874,868 with a Public Float of 215,957,230 and Restricted shares 329,917,638.

[TheInvincibleBull]

Southridge Minerals Signs Definitive Agreement and Acquires La Canita Gold Mine in Durango, Mexico

that is great news

[TheInvincibleBull]

$SRGE 40.9 million in volume today that is huge

[TheInvincibleBull]

Alot of buzz going on with SRGE