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Yeah. Each of our $1's invested in SRGE will have triple zero's behind it.
I agree Penny2Paper...AND
If they sell CM for a price in the mid-range of $550M to $680M (615,000,000 is mid-range) and pay the 20 cent divi, then the cash left over would value the share price at:
.20 divi x 545,000,000 shares outstanding = $109,000,000 paid out to shareholders....
$615,000,000 sale price - $109,000,000 paid out = $506,000,000 left with the company for future operations...
$506,000,000 / 545,000,000 = .92 share price. And this does not even take into account the value of the other properties...
A $1 share price is very reasonable.
It's called a non-compete clause, I believe. What's to keep the company from moving from Huetell to the new company where the attorney went? Nothing. It is their choice where they move their business. There are always ways around non-compete clauses if someone wants something bad enough.
Attorney change.
It's not uncommon for a company or individual to change law firms to keep the attorney who has been handling their affairs. If Kevin Polis was handling their affairs at Huettel, then it would make sense that the company would continue to retain him where ever he went.
Legal Counsel Disclosure.
I work for numerous defined benefit pension plans and I am most certain it has to be reported on form 5500 if the Plan changes legal counsel, auditors, etc... While this is obviously not a pension plan, it makes sense that disclosure needs to be made in order to provide transparency.
SRGE Shorty is like the character Scott (I believe is first name) Farkas in the movie "A Christmas Story". Always the bully, until he gets his A$$ whipped.
.20 divi or JV. Most Beneficial....
The 20 cent divi would be very nice. However, a JV seems to be a better option for the Longs. I've seen numerous amounts for the CM value. Assume its value is $5B. A joint venture could result in the partner receiving, lets say a 50% stake. That leaves $2.5 billion for shareholders. $2.5B divided by @500M shares equals @ $5 per share. You can extrapolate the numbers over a 5 or 10 year period to get a QUARTERLY DIVIDEND based on their 20% payout number based on one of the latest PR's. Obviously, one would need to take the time value of money into consideration. This does not even take into consideration the other properties owned by the company. My vote is for the JV.
SRGE PARTY TIME$$$$$$$$$$$$$$$$$$$$$
Its srge party time in the mouths of bgl liars.....AND WE'RE ALL COMING!!!!!!!!!!!!!!!!
The SRGE DIVIDEND will be a figment of our imagination.
Or it is all a hallucination. That his how it will be explained by ... you know who.
More like .10 to .20 on Friday, especially with earnings coming out. Who wouldn't pay .10 for a possible .20 dividend. It is only speculation at this point, but the longs here feel very certain the .20 divi is coming along with a MUCH HIGHER SHARE PRICE.
I know one with @ 31M. Maybe he is the one you mentioned with the 30M. I'm in with 1.2M, a small amount compared to the ones you mentioned. I am, however, holding for $1+.
Money2013. Don't let them scare you out. The shorts will do anything to scare you and others out at a lower price (that's when they will cover). At that point, you'll lose and they will win. However, there will be no shares for them to cover if you and the rest of us hold. At that point, coupled with strong earnings and a potential buy out/jv the price will increase exponentially and shorts will scurry to cover, thus pushing the price even higher. Furthermore, the increasing price and strong results from the company will attract more investors which will in turn push the share price higher. Hang in there. It's only a matter of time until shareholders are rewarded very handsomely.
I find this post interesting. "...crooks like srge...". That's a powerful statement. Who, or better yet, what company or individuals associated with a company would make a comment referring to crooks. Did this disclaimer refer to srge as crooks? If the disclaimer did not refer to srge as crooks, then who did?
I don't think it would necessarily make HEADLINES if it was in production. Does every mine that opens make it into some gold industry publication, especially if it is in the early stages?
Here is an article from the Wall Street Journal in July 2012 as it relates to gold mining in Mexico. Maybe huge gold finds would make it into a publication. I think anyone here has said Cinco is one of those rare finds. Only that it has resources that are worth 1 to 5 BILLION DOLLARS:
MESCALA, Mexico—Here in Mexico, a new gold rush is under way.
High gold prices are compelling companies to start mining more aggressively in the difficult terrain in Mexico's mountainous areas. Video and reporting by WSJ's Nicholas Casey.
.
The metal's long cycle of high prices, surpassing $1,500 an ounce, has allowed big outfits like Canada's Goldcorp Inc. to set up operations in areas where, in the past, gold wasn't concentrated enough in the soil for mines to make a profit after sifting it out. This year, Goldcorp's Peñasquito site, a massive, low-concentration mine in the deserts of Zacatecas state, is set to produce 500,000 ounces of gold, making it Mexico's biggest gold mine and Goldcorp's most prolific.
Elsewhere in Mexico, discoveries of more highly concentrated deposits have led a host of exploration companies to increase investments and land purchases. These high-grade discoveries include the find late last year of an underground deposit the size of a high-rise building in the mountains of Guerrero—a strike nearly a thousand feet deep and 500 feet wide that mining companies believe to be one of the most highly concentrated discoveries in Mexico in the last 50 years.
"People had said everything had been discovered in Mexico. Now you're seeing a renaissance," said Richard Whittall, chief executive of Canada's Newstrike Capital Inc., which discovered the Guerrero site, still under exploration.
Silver has long been the cash cow of Mexico's mining industry. But last year the country joined the top 10 gold producers, mining more than 86 metric tons of the yellow metal, three times what it produced 10 years ago and more than other heavyweights in the region like Chile and Argentina.
Mining companies attribute this growth in part to the commodity's surge after a 20-year cycle of low prices of around $400 per ounce. As financial crises struck the U.S. and Europe, gold prices rose as many people pulled money from more risky investments and bought gold instead. In Mexico, this allowed miners to reap big profits in regions where gold wasn't as concentrated.
Goldcorp's operation here at the Los Filos mine in Guerrero offers a glimpse of where high prices are taking gold-producing countries like Mexico. People had mined in these mountains since colonial times on a small scale, leaving behind networks of underground shafts and even a few ghost towns.
Los Filos, by contrast, is a vast, open-pit mine the size of its neighboring village in Mescala. Some 2,000 employees work here. More than 70,000 metric tons of earth daily are removed with explosives and bulldozers, then trucked to a nearby site where cyanide pools are used to extract the mineral. The chemicals are recycled by pipes and the process begins again.
After a $500 million investment, the mine went into commercial operation in 2008. Last year miners extracted 330,000 ounces of gold—a record for the mine, which is expected to remain operational for another dozen years.
Success at Los Filos led the company to make an even bigger investment in Mexico when it bought and began developing the Peñasquito site in Zacatecas in 2010 at a cost of $1.7 billion, Goldcorp's largest foreign investment anywhere. In addition to an average 500,000 ounces of gold a year, the site will also expected to produce an annual average of 28 million ounces of silver, along with high quantities of lead and zinc.
"The open-pit volume has exploded there," said Salvador García, head of Goldcorp's Latin America operation.
Companies say they are drawn to Mexico by its mining laws, which allow foreign firms to reap much of the profits from their investments. Under federal law, companies must apply for a mineral-rights concession through the Mexican government and operate there through a Mexican company. But the local company may be fully owned by foreigners.
The arrangement allows foreign investors full ownership over their operation and the Mexican government the ability to tax them under local law. Taxes include a 34% income tax on profits along with mining duties, which vary by the mine.
This creates a sizable windfall for the government—in 2011, Goldcorp paid $218.5 million in taxes just for its Peñasquito mine, the company said.
Peter Schulhof, whose company Westridge Resources Inc. operates a new gold mine in Mexico's Sinaloa state, said Westridge had been sorting through plans for mines in 60 other countries but eventually opted for Mexico because of its political and legal stability.
While many firms want to explore countries like Venezuela, where mineral quality may be higher, the risks of nationalization are high, too, he says. "The colors of the Rubik's cube lined up in Mexico," he says.
Mexico presents real dangers for investors, however. Authorities have accused crime groups of stealing municipal electricity lines to melt down and sell as copper prices have risen; Mexico's state-run oil monopoly Petróleos Mexicanos says the Zetas gang has made off with large quantities its of oil annually—a commodity seemingly more difficult to steal than gold bars.
Goldcorp says it hasn't had any problems with drug gangs, but is still taking precautions, such as building an airstrip in Los Filos which will allow gold bars to be flown out of the site to refineries rather than pass through Mexican highways.
Another risk relates to the price of gold itself: While buoyed now as an investment safe haven, prices could fall during the life spans of the new Mexican mines. Companies argue that most major Mexican projects were planned before gold prices hit their peak and therefore protected from a dip in price. But they still warn about the need to keep production costs low in the event of a price change.
"If you are a miner that wants to stay, you need to plan to be not just a part of this cycle, but others cycles too," said Armando Ortega, who heads the Latin America division of Canadian firm Newgold Inc.
Write to Nicholas Casey at nicholas.casey@wsj.com
A version of this article appeared July 18, 2012, on page B1 in the U.S. edition of The Wall Street Journal, with the headline: In Mexico, Gold Mines Beckon Once More.
Dividend is payable Nov. 22nd if I'm not mistaken (actually 23rd, since 22nd is Thanksgiving). I also believe it was payable to shareholders of record on Nov. 15th.
I'm holding my 955K shares for the big run.
buybio2-You hit the nail on the head with that one!$!$!$!
I think they are open for a half day on Friday.
A post I found on a Dutch msg board while trying to find info on Duvernoi Capital Investments Inc.
This seems logical to me.
Goldcorp's NEXT Takeover Target!
OTC Listed Southridge Minerals Inc.. (SRGE) Is Estimated
To Be Sitting On Gold and Silver Worth At Least ...
$ 9.25 Billion!
Buy Shares or Southridge Minerals Inc.. (SRGE) Now Before Its Gold-Starved Neighbor, Goldcorp, Could Gobble It Up For ...
$ 33.88 Or More a Share!
Why in the world would giant Goldcorp (NYSE: GG; market cap $ 43.28 billion), the world's largest gold producer, pay $ 33.88 a share for Southridge Minerals Inc.. (SRGE) a little-known, exploration-stage gold company Whose stock is currently trading around $ 0.005 cents?
Breaking News Announcement
SRGE Announced last week That they've secured a $ 15.6 Million dollar equity financing agreement from a European-based Investor Duvernoi Capital Investments Inc. .. The equity financing agreement does not any involvement debt. Rather it gives Southridge (SRGE) the option to draw down from the $ 15.6 million amount as and When Needed in the amount of $ 4.8 Million or multiples thereof.
As is the case Usally with a significant financing, like the $ 15.6 million Announced last Friday, more money from different private firms or even a huge takeover from a big form like Goldcorp could follow.
But, you need to act NOW before Goldcorp starts the takeover process. If it sounds too good to be true, Remember That the last time Goldcorp made a similar deal (for a piece of Mexico's Urique gold district) it made Billions in profit!
Back in 2006, Goldcorp paid $ 9.5 billion to get its hands on the El Sauzal gold mine in Chihuahua Mexico. The mine was owned then by Glamis Gold and, at the time, produced only a few thousand ounces of gold a year.
But Goldcorp had done its homework. They were certainement there was huge potential in the El Sauzal mine and they knew they had a bargain Even when they ended up paying $ 54 a share for Glamis stock.
Glamis Shareholders Got Rich On Goldcorp's Takeover! Southridge Minerals Inc. (SRGE) Could Be Next!
Goldcorp was right. Its newly-purchased El Sauzal mine became the largest producer in Mexico with a recent peak production of over 274,000 ounces a year. Goldcorp was happy to pay a huge premium for shares of Glamis, and it made billions on the deal.
Now, we believe Goldcorp desperately needs to pull off a similar deal! But with the price of gold now around $1,772, the $54 a share they paid for Glamis now translates to something close to $33.88 a share. We'll show you the numbers when you keep reading.
Giant, Goldcorp Needs More Gold to Support Its Stock Price!
According to the company's most recent report, its El Sauzal gold mine is now approaching the end of its very profitable run. The expected decline in production is finally occurring. Gold production forecast for 2012 was down to 80,000 ounces, off some 20%, or 20,500 ounces, from its 2011 total of 100,500 ounces.
At that rate, production will dry up completely in just a few years. Goldcorp is running out of gold at its El Sauzal mine!
What is Goldcorp going to do now?
Southridge Minerals Inc. (SRGE) Has An Estimated $18.5 Billion Worth of Gold and Silver Right In Goldcorp's Backyard! Southridge is Goldcorp's Logical Next Acquisition!
Geologists confirm that there is an enormous, almost staggering, amount of gold left in the volcanic-based Sierra Madre Occidental mountains of Durango Mexico. In fact, according to the latest assays, there are many billions worth of proven gold reserves located on properties adjacent and close to Goldcorp's now-sputtering El Sauzal mine.
And, as an investor, what should interest you is the fact that one of the most-promising acquisitions, Southridge's El Horconcito project is right next door to Goldcorp's petering El Sauzal mine! Read more about El Horconcito here
Goldcorp would have an easy, inexpensive and fast start up if it takes over the El Horconcito project because it already has all the necessary infrastructure and machinery practically on site at its El Sauzal mine. It's a perfect match!
This OTC listed and still un-discovered by Wall Street, exploration company has somehow managed to get its hands on a 100s Hectares mining concession sitting smack in the sweet spot of the same gold-rich geological formation from which Goldcorp has already taken $-billions!
Now, ask yourself...if you were a director of Goldcorp, the world's largest gold producer... a NYSE corporation with a market cap of some $43.28 billion...and if your number-one-best-producing Mexican gold mine was petering out . . .and you knew, with almost absolute certainty that there is $18.5 billion worth of gold and silver sitting almost in your backyard... do you think you'd be contemplating a buyout?
You betcha! Especially when the stock of the company that owns all that gold (SRGE) is currently trading around a ridiculous $0.005 a share!
And how much will Goldcorp be happy to pay to takeover the adjacent gold prospects that belong to Southridge Minerals (SRGE)?
Let's do the math:
We know that Goldcorp paid $9.5 billion ($54 a share) for Glamis back in 2006 when gold was trading at just $550 an ounce and the El Sauzal mine was producing just 1,000 ounces of gold annually.
Given the now-proven production history of Mexico's Urique gold district, a similar price tag for Southridge's wholly owned mineral concessions seems like a steal.
But, gold is now trading about 225% above its 2006 price. That means the $9.5 billion Goldcorp paid for Glamis in 2006 would be more like $20.7 Billion today. If Goldcorp pays just $9.25 billion for Southridge's properties, the per-share price (545,874,868 million shares) works out to $16.94 per share of Southridge Minerals (SRGE)!
But, if Goldcorp has to up the anti due to current gold prices, a price tag of $18.5 billion works out to $33.88 for each share of Southridge Minerals (SRGE) that you can buy now for under a penny!