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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
When you don't have a answer it is always good to have your always faithful fallback of it's all NITE's fault and NITE is going to pay. LMAO!!!
IG
More problems with SRGE Press Releases (Why can't SRGE ever do things the right way???) On Sep 19, 2012 they issued a press release about a Bonanza grade intercept:
Just another SRGE press release. Check out the Mexican Government website and Lo and Behold Southridge is nowhere to be found.
Here you go http://economia.gob.mx/files/comunidad_negocios/informacion_sectorial/mineria/ProyectosMinerosCompaniasCapitalExtranjero-2012.pdf
Check it out Southridge isn't listed but Bandera is listed as mining Cinco Minas.
Actually, Southridge has never been listed as having any mining concessions anywhere. Proof the documents presented on this site are fraudulent.
It is odd that when you check any facts presented here or in press releases falls apart upon inspection. There has been nothing about SRGE that has been verified.
From the Phantom CEO Michael Davies who only appears in a one sentence Linkedin profile page - nowhere else. To the Fake financing companies that are only found on SRGE press releases. Same MO as SAEI and Alex Smid (who is still behind the SRGE deal).
How many RED FLAGS do you need before you realize that SRGE is a complete and total SCAM.
IG
Sorry Dawg, but on WSIN (read the disclaimer - Heck I will post it for you) was paid $50,000 to do a promotion for SRGE. OH NO - I-Glow did it Again!!!
Just from the first couple of paragraphs there is misleading information:
I have no idea if the numbers are accurate - but you are the one who used StockPromoters.com to justify that SRGE wasn't doing any promotions. I just pointed out that SRGE was listed.
Also, you know that most companies that do promotions use a third party to pay the promoters. They do this for several reasons - one it circumvents the restricted share sale for company executives.
The guys doing the promotion will sell the shares given to them for compensation and funnel the money back to the insiders.
IG
Again, how do you arrive at $5 billion? There isn't anything close to a feasibility study - no one has done a extensive drilling program to verify the reserves. Oh, I see you are using the Press Releases to do your calculations.
Actually, since they are fantasy numbers (SRGE isn't mining in Mexico) you might as well use any numbers you want to use. LOLOL!!!
IG
Terry, I doubt you will rcieve a answer to this problem. It seems the SRGE press release team majored in creative writing and not accounting.
Thanks for dissecting the share structure oversight in the SRGE financial filing.
It will be very interesting to see how the SRGE guys spin this problem.
Many in the Investment community are catching on to the SRGE scam!
Did you think it might be better if it was in Spanish?
IG
Since you worked on the NYSE and managed over $250 million - how do you know that
If you want to think that MMC (MexicoMiningCenter.com) provides any legitimate information more power to you.
The SRGE touts tried to pass MMC as the Mexico Mining Registry for quite some time - but it took about two minutes to shoot that nonsense down.
Please tell me how you came to the conclusion the Mexican government spreadsheet is outdated? It is pretty easy to say it but now let's see you prove it - how about a link!
IG
First, it is a misnomer to say owns. Bandera, MSJ or Southridge doesn't OWN Cinco Minas.
Mining Concessions are like getting a permit to mine in the US through MSHA. Almost all the time you are mining on leased property and you have to pay royalties.
So, anyone who mines Cinco Minas will pay a percentage of what they mine to someone - property owner or government.
As of today Bandera is listed as having the mining concessions for Cinco Minas.
IG
Oh, silver is a by-product in gold mining. It has to be dealt with accordingly.
Why don't you go to Goldcorp site and look at the silver production in Mexico - very eye opening.
Do you even know what process SRGE is supposed to be using for processing the ore???
IG
Uh, you do know that the MMC MexicoMiningCenter.com is NOT associated with the Mexican government in anyway. First, it is a .com not a .mx site.
MMC is a data scraping and paid for inclusion site so it offers nothing of any merit.
So the answer to your question is that it says nothing of importance, merit or validity.
IG
Actually, this is very easy to explain:
Please show the calculations as to how you arrive at this number:
WOW!!! Awesome post Terry! I have always thought the SRGE pump and Dump was almost identical to the SAEI scam.
Then SRGE released the most recent over the top Press Release and I knew the same people are behind it.
HUGE BUYOUT - SAEI it was the Prokhorov buyout, with SRGE it was the $600 million bbuyout by either Goldcorp or Southern Copper.
Everything between SAEI and SRGE is identical as will be the ending which will be another halt.
IG
Please post the headers to the email so it can be verified. This is just another SRGE copy and paste - how about a screen shot of the email. Here is an example of how nodummy confirmed the SCCO was nonsense (AS WE ALL KNOW). But, how about something more than you typing in a Quote tag - SRGE LMAO!!!
IG
Great information - ALL SRGE investors should follow up and read the SEC guidelines concerning reserves and feasibility studies.
What will come first the SEC halt of SRGE or TSX of BGL.
If you look at SAEI and the over the top press release about the Russian Mikhail Prokhorov buying Suptcha (very similar to the, ...One of the firms has already signed preliminary documents for the full acquisition of the Cinco Minas property....) I bet that SRGE is the first to be halted.
As we know SCCO has issued denials and classified the SRGE rumors as baseless in both written and verbal communication.
Plus, SRGE is not listed on the Mexican Government site as owning or mining at Cinco Minas - it has Bandera Gold. This is from the Ministry of Economy (where Tatiana works) and SRGE has zero mining concessions. Check out the site yourself as this is 100% verifiable information - unlike anything SRGE puts out.
Hey, you could use MexicoMiningCenter.com - I love how the SRGE DD refers to this site as the Mexico Mining Registry LMAO!
So without a doubt SRGE will be halted by the SEC.
IG
But, there is absolutely no mention of Cinco Minas! if you go to the 2012 PDF file for which is for "MINING PROJECTS OPERATED BY FOREIGN CAPITAL COMPANIES" http://www.economia.gob.mx/files/comunidad_negocios/informacion_sectorial/mineria/ProyectosMinerosCompaniasCapitalExtranjero-2012.pdf Take a look and tell me where SRGE is listed as mining in Mexico.
You posted a link that just has contact information. Please provide a link to show SRGE is involved with Cinco Minas - as I have posted the latest 2012 edition of what foreign companies are mining in Mexico.
IG
You can't use charts with a pump and dump.
IG
First, I am not a Bandera honk I have no idea about them - I do know they aren't presently running a pump and dump.
As for the grey sheets, you do know that all TSX companies are listed that way - check it out.
IG
Why is Minera San Jorge issuing a press release about the ownership of Cinco Minas when they were purchased by Coro Mining Corp and Fabian Gregorio, President of Minera San Jorge is now part of the Coro management team. Instead of a gmail account that the press releases use it would be: fabian.gregorio@coromining.com or info@coromining.com.
Here is the bogus press release:
Hmmm, PRNewswire - this has SRGE written all over it. Those guys are so obvious it is funny.
I find it usual that Minera San Jorge uses a gmail account - why not use the company email?
All of the press releases using this email address are in connection with making claims against Bandera or some other nonsense. I can guarantee this is the work of SRGE - you guys are showing your desperation!
But, there is absolutely no mention of Cinco Minas! if you go to the 2012 PDF file for which is for "MINING PROJECTS OPERATED BY FOREIGN CAPITAL COMPANIES" http://www.economia.gob.mx/files/comunidad_negocios/informacion_sectorial/mineria/ProyectosMinerosCompaniasCapitalExtranjero-2012.pdf Take a look and tell me where SRGE is listed as mining in Mexico.
You posted a link that just has contact information. Please provide a link to show SRGE is involved with Cinco Minas - as I have post the latest 2012 edition of what foreign companies are mining in Mexico.
IG
From the incredible press release - SRGE states that:
I see you are still using MexicoMiningCenter.com to verify SRGE is mining in Mexico.
You do know that MMC is not affiliated with the Mexican government - one thing it is a .com not a .mx
The site for all official mining business is: economia.gob.mx (the one Tatiana has been referenced a 1000 times). And there is not one reference to Southridge on any of the mining sites - but Bandera Gold is prominently listed.
Please explain why you are using a website that is a paid for inclusion to validate SRGE and that has no connection to the Mexican Government.
This has been the basis of everyone's argument that SRGE was real and mining in Mexico - bad news they are listed ergo they aren't mining.
IG
No there wasn't any evidence that FINRA did anything other than approve a dividend and on the pinkies and that it is notification at least 10 business days prior to the record date.
There has been no investigation of the share structure or verify the financials (I assume you are kidding) to think a full investigation could be done in 10 days.
IG
I see every other post reference $5 Billion in reserves - how and where is this information.
To do a reserve study you have to do a extensive drilling program and I have never seen the results of any SRGE drillings other than what is in press releases.
Facts please no speculation - I would like to read the reports that states there is $5 Billion in reserves.
IG
You do realize this is SRGE provided information - it has not been verified by a independent third party.
The only information about SRGE is from press releases and posts on this board.
IG
None of what is posted is correct. Remember this is information from the same person who claims the mexicominingcenter.com is the Mexican Mining Registry and is under the auspices of the Ministry of Economy - which is completely incorrect.
With that in mind you need to read FINRA Rule 6490 and FINRA or SEC Rule 10b-17.
First, the SEC and FINRA for the most part let the pinkies trade completely unfettered (they feel that it is just knuckleheads screwing other knuckleheads) until something grievous happens - see SAEI (which is very similar to the SRGE press release).
The rules state that issuers that pay dividends must ensure notice is provided to FINRA at least 10 days before the dividend record date.
Issuers who fail to provide the required notice to FINRA could be subject to a $5,000 fine.
There is NO INVESTIGATION, they don't verify the share structure or coordinate anything with the TA - it just doesn't happen.
For the pinkies it is a formality but you do have to provide notification. That is all FINRA is concerned about at this point.
Why don't I call them Monday and let them know about all the malfeasance that is going on with SRGE. I promise they don't know about the gagged TA and the over the top press release.
IG
Please post how you verified this:
If that were the case none of the SRGE DD would be stickied as it has proven to be false.
I love the DD guys using MexicoMiningCenter.com to verify SRGE is mining in Mexico - hey where did the .mx go.
Just as the documents stating SRGE had mining concessions - that was blown up the last few days.
IG
Nice call Sam,
You can't make this claim:
LOL!!! let's see Fake Financials (why did SRGE go dark 2 years ago and hasn't filed with the SEC since 2008) - I know the answer - to deceive and fleece investors. The financials are unaudited so they can be anything - I have proven that SRGE is not mining in Mexico.
Buyout has proven to be in SRGE press releases and Sierra blog only. SCCO has responded both in written and verbal communication that the buyout rumors are baseless - LMAO!!!
IG