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I can't stop from feeling that SRGE somehow violated the Confidentiality Agreement they signed with today's PR....and Kinross is NOT HAPPY.
(I hope not, but that's my opinion on this whole matter).
Hopefully, one of two things happens here: 1. SRGE is able to patch things up with Kinross; or 2. SRGE finds another partner or buyer.....SRGE claims it already had an offer to actually buy the one mine.
Not a good day for us Longs....especially when you consider the promise we started with this morning.
Running out of time for a 2012 Deal !!
For a deal to get completed with an effective date of 2012, it will have to be done THIS WEEK imo.
Next week, there are too many holidays going on. Very few people will be working on the 24th and nobody on the 25th. Then, you get to New Years Eve.
THIS IS THE WEEK!!!!!!!!!!!!!!!!!!!!!!!! imo
If our partner is on the NYSE, I'm not sure the agreement with SRGE is a 'material' event that requires an 8-K filing for them.
e.g.....if they are that large a company, this is not the biggest thing in the world to them. (IT IS TO US!!!!! ; but I think you know what I'm trying to say here)
I think you need clarification from Magna Group about the use of their private E-Mails. Since you already have a contact there, I would suggest you contact them through an E-Mail or call them on Monday.
SRGE is ready to explode!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Their footer applies to everyone. Be careful.
I just forwarded this post to the Magna Group. They should know that their private e-mails are being posted.
SRGE is on Magna's listing: http://investorshub.advfn.com/Clients-of-Magna-Group-and-Hanover-Holdings-25550/
Why Gap up? MAJOR NEWS !!
imo
For all those who sold today..and didn't buy-back.
I have one thing to say to you:
GAP UP !!!!!!!!!!!!!!!!!!!!!!
"Trading"? I'm sorry, but I don't call this "trading" based on the volume the last 3 trading days (12 million, 21 million, 10 million).........Volume has been very low.
Obviously, everyone is waiting on news.
You could not be more wrong....news on the way imo
Sierra says talks "ongoing" (re: SRGE Buyout/JV)
If talks are "ongoing"....we may need to sit tight a while longer.
WHEN NEWS HITS...You won't be able to buy under $.04 pps
Remember on 11/26, the opening price was significantly above prior day's close........well, when news hits.....you are not going to be able to pick up shares at current levels ($.015). Ask price for SRGE will jump dramatically.....imo
All the above.................imo
Goooooooooooooooooooooooooo SRGE!!!!
Can you explain your post? Thank you.
Don't want to put a cart in front of the horse...but if there is a $.20 dividend.....I'm hoping it's classified as a Capital Gains divvy for tax purposes....(to get the lower Capital Gains rate).
For all those that quickly sold and turned a profit...good luck paying your short-term gain at ordinary tax rates. (that is if you don't have any other losses to offset it against).
Exactly. If you screw around with this an sell it...you will be on the outside of the Candy Store looking in when this explodes!!!
Gooooooooooooooooooooooo SRGE!!!!!
You have not screwed up. Don't beat yourself up. You are holding shares of SRGE. You are in good shape.
The ones that sold are in not so good shape....Yeah, they sold and made some money, but they may find it very difficult to get back in to enjoy and participate in the REAL MONEY.
These stocks are impossible to time. Every one here could have bought at a lower price or flipped it if they had a crystal ball....but that isn't reality.
You will do very well with the shares you have!
"I said he was a nincompoop for paying so much"
$9.00 is too much? OK, if you say so.
How do you know it was a "he"? It could have been a "she" (maybe Sierra?)
I think you completely missed my point. The purchase was 5,100 shares....nothing to get all excited and start name-calling over.
Looking forward to news on UTRM!!!!
Do you mean the 5,100 share trade that cost $9.00?
A $9.00 trade is nothing to get all crazy over...lol. And I don't think being "stuck" with 5,100 shares is anything to get to depressed about.......
Holding.....waiting to see is Sierra is right about news!!!!
Hey, I would have liked another day like yesterday....but this sell-off was due to two factors imo:
1. New buyers that became aware of SRGE in the last week or so wanted to turn a nice profit. These are traders who have no patience and have not experienced all the news and information about SRGE that those of us that have been around here for a while know about.
2. Unseasoned "investors" that panicked. I know, I use to be one of them.
Big picture, we are doing great. If you bought below a penny, pat yourself on the back and HOLD ONTO YOUR SHARES!!!!
(Even now this is a fantastic buy imo).
So, news is a little later than we hoped. Remember....the Company has been great in following through on everything they said they were going to do.
We are GOLDEN & SILVERen! lol
I have more than a "few" and they were all bot under $.005.
Bot and holding. I love SRGE...I just don't think the mine is going to be sold.
I'll believe a $.20 per share dividend when it's in my account. (I wouldn't even believe an 8-K telling me about a $.20 divvy.....8-K's can be amended)........
Look at the market...it didn't go up the way a stock that's going to get a dividend at 20 times it's selling price should.
$.20 divvy not happening....today's market says that..imo
The $.20 dividend is not going to happen imo. If the sale of the mine were going to happen...we would not be at $.01 right now. We would have gone higher today.
Today's share price tells me that the Company has already decided to go the JV route and develop the mine. This makes the most sense to me over time.
$.20 Dividend will not be paid imo. ...I think the Company will not sell the Cinco Minas and instead go the Joint Venture scenario.
Under the Joint Venture option, shareholders will receive Quarterly dividends at an unknown amount.
If this mine is really worth the $$$$ mentioned in the PR...and they have only tested 20% so far....they would be stupid to sell it. They should hold onto it and develop it. That's what I think they are going to do. I don't think we will see a $.20 dividend.......we shall see.
MoMoRaptor, as always, thank you for the interesting and informative update!
Deals don't get put together overnight.....Especially if they are MEGA DEALS !!!!!!!!!!
Looking forward to a SRGE buyout by SCCO!!!!!!!!!!!!!
jmo
"jmo"? EarnestDD, is it a FACT? Or "jmo"?
You said the following: "SCCO IR says NO WAY, NO interest in the SRGE..."
Then, you say: "jmo"
Can you explain? Thank you.
We got News last Friday at 8:00pm Eastern
Still might get some today.
IS IT MONDAY YET!!!!!!!!!!!????????????
Looking forward to HUGE NEWS!!!!
Market open on 11/23! Go SRGE!
Thought about selling and trying to buy it back...but I've decided that game is too risky.
Mr. Wowza, I think I've read all 1,219 posts...lol.
It's a very exciting time...this is why we buy these stocks...Right?
I don't care who buys or sells as long as it goes up 50% !!!
Scoreboard Baby.....Scoreboard!!!!!!!!!
It's like a Football game...it doesn't matter how many yards you gain....all that matters is the Final Score.
Today's Final Score is + 50% !!!!!!!!
SRGE is taking steps for Buyout imo:
1. Stock Buyback makes the purchase more attractive...(fewer of us clowns to pay...lol)
2. Acquiring other properties (probably with the Buyer's blessing or even at the Buyer's request). One less transaction for the Buyer to be involved with since they are already buying SRGE.
3. Dividend. While SRGE said the dividend was for us......let's face it.....it is very minor. This dividend has one purpose imo.......Get Shorty to close out before deal is completed.
4. Financial Statements....getting them current with Attorney's Letter is probably the bare minimum to get done before a Buyout.
In conclusion, it seems every step we have seen SRGE take the last few months (actually more than a few months for the Stock Buyback) is to set up a Buyout.
All this........imho
Go SRGE!!
Does anyone have a feel for how serious and accurate "Sierra" is? Calling for a SRGE uplist and MINIMUM pps of $2.50 is outrageous. I took my number of shares, multiplied by $2.50 and that total represents a number that I can't make at my current salary for over 15 years!!!
It really got exciting there for a while today when we hit $.0094, I really thought it would keep going up!
Let people who have never heard of SRGE get info over the weekend and see if we have a good run up on Monday.
Mr. W, if there are over 100 million shares to cover, and the board members holding shares stay locked in at $1.00+, shorty is going to have a very difficult time next week....imo
SRGE is a Nevada Corp (per Note 1 of Financial Stmts). Here is the link:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=aAcyYO1iIpfDt%252bkO7ehU8Q%253d%253d&nt7=0