Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SRGE NEWS
San Dimas Mineria S.A. to acquire a 100% interest in the "La Canita" Gold property
also a visit to the many SRGE mining properties (which i did in april)
Just another fraudulent press release by SRGE. Again, nothing can be verified. Company hasn't filed with the SEC in 4 years and filed to go dark over 18 months ago.
Sure sounds like a real company.
IG
Where is MoMoRaptors great news for the day - it was supposed to set off a buying frenzy.
It looks like the Pump and Dump has lost its legs.
IG
Why SRGE is a scam and investors will lose money with this Pump and Dump.
1. CEO doesn't exist - a recent Linkedin profile page without any verifiable information such as work history and education. Michael Davies = Alex Smid.
2. Financing from fictitious companies that don't exist anywhere but in SRGE press releases. Quixstone Investments Inc and Duvernoi Capital Investments Inc. These companies are as fake as SRGE just part of the scam
And a Linkedin profile of a employee from Quixstone Investments Inc. that has the same profile picture as the guy with all of the press release information.
3. Fake research company (Mathers Research) has only produced one document but is supposed to have been around since 2001. Although the website is less than a year old. Site has only 10 pages!
4. Huge ground breaking ceremony at Cinco Minas but there is no video of the event - very odd.
5. Only reporting to SEC in 4 years was Form 15 - 12G and that was to go dark. To be uplisted to have to make all filings current and go back and file for all of the years SRGE missed - IT WILL NEVER HAPPEN. No real or legitimate company stops filing for 4 years. No there are NO pinksheet fees to pay so that is a bogus argument.
6. The SRGE claims of finding,
Assay results from the first six drill holes at Cinco Minas have indicated bonanza-grade silver with an average of 648 g/t (Ag) and high-grade gold of 268 g/t (Au) intercepts.
Nice find. It is like the "Gang Who Couldn't Shoot Straight" running this comedy of errors.
IG
Hardly the point, those are not used in Europe.
Plus, it doesn't change the fact that Quixstone Investments, Inc. and Duvernoi Capital Investments Inc do not exist except on SRGE press releases.
If they do exist please provide some company information that can be verified.
IG
Post from DD board explaining why SRGE won't be uplisting. Of course those that understand the process couldn't possibly believe it was ever going to happen.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80518356&txt2find=srge
One the SRGE guys asked the DD board to do some research on Bandera and he is now walking with a limp back over here. Check out the DD board and what they think of the SRGE scam.
http://investorshub.advfn.com/DD-Support-Board-and-Fraud-Research-Team-19670/
IG
One of the SRGE guys asked the DD board to research Bandera. He is walking back the SRGE board with a limp.
The DD board also shot down the uplisting by SRGE in an extremely convincing fashion.
IG
I think that Alex Smid = Michael Davies.
IG
Bandera is not doing a pump. The only company releasing false and misleading information is SRGE.
I don't have any faith that Bandera is legitimate but they are not trying to fleece investors at this time.
Doing DD on BGL doesn't make SRGE a real company. I know with 100% certainty SRGE is a fraudulent company. They have a CEO (Michael Davies) who doesn't appear to exist except in the minds of the SRGE guys.
SRGE is using press releases to validate it's existence. I have not been able to find one bit of information that I can verify as being the truth.
SRGE claims to have financing from two companies that don't appear anywhere but in press releases (Duvernoi Capital Investments Inc. ("DCII") and Quixstone Investments, Inc. ("QII")).
I have proven that the company that did research on SRGE has been setup for the purpose of promoting them. Mathers Research has a 10 page website that only has SRGE research on it. If you do a Google site operator search (site:mathersresearch.com) it will return 10 pages only.
The folks on this board are pretty sophisticated when doing DD and I believe they will get similar results and have the same conclusion - SRGE is a Pump and Dump.
IG
MoMoRaptor might have stated they were from Europe - if so they wouldn't have the Inc. designation after their name.
There are just too many unanswered questions about SRGE - they just aren't a real company.
IG
From this statement it is obvious you don't understand the nuances of a public company. Absolutely nothing is ever submitted by the corporate counsel without the authorization of the CEO. The CEO has to carefully vet any documentation submitted to the SEC because he not the Attorney is responsible for the accuracy of what is being filed.
And no, the name of the CEO is never misspelled by a real company.
IG
Absolutely absurd statement only the SRGE guys can come up with to validate a bogus claim.
Here is why your circular logic can't hold up to the scrutiny of any unbiased investor. If SRGE is going to be uplisted they are going to have to completely transparent. Everything they are doing is veiled in secrecy and nothing can be verified.
Why is that there are two investment groups that although you say they are private but both are listed on press releases as corporations (Quixstone Investments, Inc and Duvernoi Capital Investments Inc.). Yet neither can be verified as being a corporation (which is a US designation).
Only with SRGE!
IG
It is typical SRGE math and fuzzy logic the report was from 2006. But, that doesn't change the essence of the report - there are open stopes in the deep or underground mine and the mining ratios or overburden for the surface mine is too great to make it feasible.
Tumi did extensive core drillings (actually something that is published) and the best results were still less 2 grams/ton.
The SRGE BS about 268 grams/ton is complete fantasy or better fleecing numbers for unsophisticated investors. The best quality ore in Mexico is from a Goldcorp mine and it is 4.80 grams/ton.
IG
BLOWING THE LID OFF THE SRGE SCAM!!! make the Cinco Minas property unattractive to the Company from an economic prospective. To meet the Cinco Minas
Actually, there so many it was difficult to pick just one but the proof is in real incontrovertible evidence from a real mining company that spent real dollars at Cinco Minas.
The SRGE bunch never addresses all of the problems Tumi Resources found a Cinco Minas. Read it and weep Suckers!
When Tumi did a in-house plus outside consultation and technical evaluation of Cinco Minas they came to the conclusion that it was not economically feasible due to the deep or underground mines having a history of open stopes and the pit or surface mine having too much overburden or the very high strip ratio.
Company’s exploration goals, a project must also be able to reach “advanced project status” quickly and cost
effectively. Neither the open pit nor the underground options meet the standard for operational size and economic
potential.
Tumi, thought so little of the Cinco Minas Project that they wrote-off $2,903,371 in acquisition and exploration costs.
After a thorough technical evaluation, including three separate drill programs and a comprehensive economic review
of the Cinco Minas property, the Company has decided to withdraw from the option agreement with Minera San Jorge
S.A. de C.V. Although a resource was established for Cinco Minas, the results of a scoping study previously
undertaken by Behre Dolbear indicated a very high strip ratio for an open pit mining operation, such indication having
been confirmed by in-house studies performed by the Company’s technical consultants. Additionally, a review of an
underground high-grade mining option gave resource numbers too low to be of interest to the Company, particularly
when having to deal with a large number of historic open stopes. In summary, a combination of a very high strip ratio
for an open pit, underground open stopes, and an option to earn only a 60% interest with high underlying holdings
costs, make the Cinco Minas property unattractive to the Company from an economic prospective. To meet the
Company’s exploration goals, a project must also be able to reach “advanced project status” quickly and cost
effectively. Neither the open pit nor the underground options meet the standard for operational size and economic
potential. Accordingly, the Company wrote-off $2,903,371 in acquisition and exploration costs.
IG
Bro, that is funny - SRGE has financing. Oh, you mean from Quixstone Investments, Inc and Duvernoi Capital Investments Inc.
The two companies that are doing the financing but as usual only show up on SRGE press releases - they done no other financing and neither have a website. And it just so happens that they are giving millions to a company that has a Phantom as a CEO, stopped reporting to the SEC 18 months ago. Have never made any money and nothing about SRGE can be verified. Yeah, many companies like to provide money to Fake businesses. But that is why the financing companies can't be verified either.
Actually, I hope it is a PUMP and DUMP and you guys don't really believe this nonsense.
Why don't you provide more information about the fake financing companies.
IG
Still waiting for information about the Phantom - Michael Davies. Where is a work and education history that can be verified?
This is the same Michael Davies that forgot how to spell his name on the SEC document when SRGE went dark and stopped reporting and spelled it Michael Davis. (see Below). I can't believe the SRGE investors still think this junk is real.
You know I sometimes forget and spell my name EYE-Glow instead of I-Glow. I have a friend Jerry who sometimes forgets and spells his name Jerri - this stuff from SRGE is so good you can't make it up.
This stuff needs to be documented and sent out in a press release to warn unsuspecting noobie investors.
EYE-Glow (Opps I did it gain)
The rube SRGE investors and honks lap up the most ridiculous junk posted as facts. SRGE SIGNIFICANT DD as of 12 Oct 2012…
This is one of the funniest yet - guess who posted it - yep the guy with the inside info on a MAJOR news release monday. But, it will be like all the other bogus information posted about SRGE - you won't be able to verify any of it.
Bio for SRGE CEO Michael Davies”
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79949363
Mathers Research Report .20 Price Target & Related Posts:
http://mathersresearch.com/srge-report
THE BEST REASON NOT TO INVEST IN SRGE. make the Cinco Minas property unattractive to the Company from an economic prospective. To meet the Cinco Minas
Actually, there so many it was difficult to pick just one but the proof is in real incontrovertible evidence from a real mining company that spent real dollars at Cinco Minas.
The SRGE bunch never addresses all of the problems Tumi Resources found a Cinco Minas. Read it and weep!
When Tumi did a in-house plus outside consultation and technical evaluation of Cinco Minas they came to the conclusion that it was not economically feasible due to the deep or underground mines having a history of open stopes and the pit or surface mine having too much overburden or the very high strip ratio.
Company’s exploration goals, a project must also be able to reach “advanced project status” quickly and cost
effectively. Neither the open pit nor the underground options meet the standard for operational size and economic
potential.
Tumi, thought so little of the Cinco Minas Project that they wrote-off $2,903,371 in acquisition and exploration costs.
After a thorough technical evaluation, including three separate drill programs and a comprehensive economic review
of the Cinco Minas property, the Company has decided to withdraw from the option agreement with Minera San Jorge
S.A. de C.V. Although a resource was established for Cinco Minas, the results of a scoping study previously
undertaken by Behre Dolbear indicated a very high strip ratio for an open pit mining operation, such indication having
been confirmed by in-house studies performed by the Company’s technical consultants. Additionally, a review of an
underground high-grade mining option gave resource numbers too low to be of interest to the Company, particularly
when having to deal with a large number of historic open stopes. In summary, a combination of a very high strip ratio
for an open pit, underground open stopes, and an option to earn only a 60% interest with high underlying holdings
costs, make the Cinco Minas property unattractive to the Company from an economic prospective. To meet the
Company’s exploration goals, a project must also be able to reach “advanced project status” quickly and cost
effectively. Neither the open pit nor the underground options meet the standard for operational size and economic
potential. Accordingly, the Company wrote-off $2,903,371 in acquisition and exploration costs.
IG
A press release isn't proof that SRGE secured financing. Actually, the releases on financing make it very dubious that anything was done other than send a fake press release.
Seriously, Duvernoi Capital Investments , where is their website and information about all of the financing they have done previously? It doesn't exist because they are a fake company like Mathers Research.
Oh, how about the financing from Quixstone Investments, Inc? Again, a company that exists in the minds of the SRGE bunch only.
They are a Phantom financing company to match the Phantom SRGE CEO (Michael Davies - does not exist)
IG
So who owns CINCO MINAS?
There is no verifiable proof that SRGE is making money - a bogus press release doesn't mean anything. I would be interested in why anyone thinks SRGE is actually mining let alone generating revenue.
It has been over 18 months since SRGE filed any documents and the last one was Form 15 to say they weren't going to file with the SEC anymore.
SRGE went dark (stopped filing) for the sole purpose of fleecing investors.
Having a investment strategy based on press releases and forum posts is a certain way to lose money.
Disregarding real DD is a great way to shrink your bank account to triple zeroes.
IG
NEWBIES MUST READ - SRGE SCAM UNCOVERED! Southridge is pleased to announce high grade gold-silver results from their 2012 diamond drill program at their Cinco Minas, in Jalisco, Mexico. Assay results from the first six drill holes at Cinco Minas have indicated bonanza-grade silver with an average of 648 g/t (Ag) and high-grade gold of 268 g/t (Au) intercepts. Ore grade refers to the proportion of gold contained in the ore of a particular mine and is represented in grams per tonne (g/t). According to the World Gold Council (WGC), larger and better quality underground mines contain around 8 to 10g/t, with marginal underground mines have averages of around 4 to 6g/t. Open pit mines usually have lower grades from 1g/t to 4g/t
On a recent press release, SRGE (the gang who couldn't shoot straight) really outdid themselves with the most outrageous claim to date and easiest to repudiate. Here is what they released:
One of the many problems with this press release is these numbers of 268 grams/ton are not found anywhere in Mexico!
In looking at Goldcorp's mines in Mexico:
The Peñasquito mine has a Average Gold grade of 0.37 g/t (Production 130,000 tpd)
For Los Filos the largest gold mine in Mexico a has a Average Gold grade of 0.04 g/t (production 70,000 tpd)
For El Sauzal it has a Average Gold grade of 1.6 g/t (Production 6,000 tpd)
You can see how ridiculous the SRGE claims are when you compare them to what a real mining company is doing in production.
From goldinvestingnews.com,
And from MineFund.com a real research company, a screenshot of the best mines in Mexico, as you can see the highest grade mine is one of Goldcorp's at 4.80 grams/ton. The highest grade is 27.20 grams/ton:
And even more false statements from SRGE.
Take what SRGE releases at your own peril - as it is impossible to generate $3.14 million in revenue from processing or milling 9000 tons of ore. Plus, it is fictional since SRGE isn't really mining or operating any mines anywhere.
To generate $3.14 million from 9000 tons of ore - 3,140,000/1550 = 2,025 ounces of gold from the 9000 tons of ore not only improbable but IMPOSSIBLE!
That would be getting 4.44 ounces of gold for every ton of ore processed or milled (or 126 grams per ton). Plus, these were tailings left behind from when the mines were operating. Additionally, Goldcorp with the best equipment in the World only recovers about 50% so the ore would have to have 250+ grams/ton - NO WAY. If the ore was so great why wouldn't a really large mining company have come in a long time ago. Just more SRGE lies and BS. Because in Mexico the quality of the reserves are at best 4.8 grams/ton.
Exposing the SRGE SCAM is getting easier with each fake press release.
I-Glow
Winners never quit and Quitters never win.
No, you are wrong again. It doesn't say Login, it says please signup for access to THE full report (as in singular not plural as there is just one report).
There is no place to login to the Mathers site - it is a scam research site/company for the sole purpose of fleecing investors.
IG
What no press at a ground breaking ceremony where SRGE has sent hundreds of press releases but they didn't have video of the ground breaking for a HUGE expansion??? WHY would it be? They already put out a PR about it, no reason for news to be there. Geesh it's not like they are doing anything different than other mining companies by expanding their facilities.
Why wouldn't SRGE take such a big event to show that the Phantom (Michael Davies = Alex Smid) was in attendance.
Goldcorp always has video of ground breaking on a milestone expansion of existing projects.
IG
In a SRGE press releases on 09-10-2012 it is stated that At Cinco Minas, the analysts attended the ground-breaking ceremony that officially launched the commencement of the 500 tpd mill expansion construction.
Why didn't any video of the official ceremony get posted. We could see the Phantom. Where is the video???
But, as we know the only thing SRGE can do is steal BGL photos and video and post them as their own.
IG
Just reposting the nonsense that MoMoRaptor spews doesn't make it true.
No one does a /s/ signature and then inserts a handwriting font without an attempt to prove there is a person behind the Phantom.
Just more subterfuge by the SRGE gang.
IG
I hope you aren't asking for more oddities with the Phantom's signature because they are plentiful.
Come SRGE let's at least keep the sigs the same - I guess since it isn't going to the SEC it is OK.
http://www.otcmarkets.com/financialReportViewer?symbol=SRGE&id=54846
http://www.otcmarkets.com/financialReportViewer?symbol=SRGE&id=78626
http://www.otcmarkets.com/financialReportViewer?symbol=SRGE&id=79014
The SEC slap is going to be hard. Too much Investor Fraud not to be halted.
IG
Best Example of SRGE Fraud yet.
When SRGE went dark in April of 2011 (1-1/2 years) and stopped reporting to the SEC they couldn't remember the name of the Phantom CEO - how many times have any of you forgot how to spell your name?
But, Michael Davies became Michael Davis. From the Form 15-12G here is the CEO who forgot how to spell his name:
IG
More subterfuge by the SRGE bunch, or better the gang who couldn't shoot straight. Domain Name: 2makemoneybetting.com
I just found a site that is purported to be about making money with penny stocks, well guess what, it is all about SRGE with posts by stervc The title on the home page is (PROOF THAT SRGE IS NOT A SCAM ) and we all know that is a lie. The typical ploy of anyone doing serious research and DD about SRGE is that they are shorting the stock - just complete BS.
What gives this joker away is the site was just created in June and yes you guessed it again the owner is hidden behind a domain proxy.
Registrant: Domain Privacy Service
Created: 2012-06-11
Expires: 2013-06-11
Updated: 2012-06-11
IG
That is something anyone could have written - it means nothing. What does mean something is that it is odd Mathers Research has been around since 2001 but have only produced one report! Registrant: Mathers Research
Did you take the time to do a whois check, well I did and here are the results:
Created: 2011-11-21
Expires: 2012-11-21
Updated: 2011-11-25
Simply stating something without presenting any facts behind the statement is not proof. Mathers is an international company
Again, false and misleading information. Where is the information about the phantom CEO Michael Davies - a 10 day old one sentence blurb that has zero verifiable information on Linkedin is not proof he exists - Michael Davies = Alex Smid!
As for the Mathers Research just another part of the scam. They have one report on their site and it the fraudulent SRGE document.
Read them and weep:
IG
There is nothing to Mathers Research except the fraudulent document about SRGE. MathersResearch.com. its operators, owners, employees, and affiliates may have interests or positions in equity securities of the companies profiled on this website, some or all of which may have been acquired prior to the dissemination of this report, and may increase or decrease these positions at any time. This website may contain forward-looking statements, which involve risks and uncertainties.
When I look at the Marshall Miller site - a Engineering company that does mineral resource and engineering reports for REAL mining companies and there is not one place that has a disclaimer about possible stock manipulation.
why don't you log in to http://mathersresearch.com/ and take a better look...
No, not shorting just bringing some reality to the APS/TAGG lovefest.
Play it as a pump and dump and you will be fine - otherwise it will be very painful for you.
IG
Typical response from the SRGE guys - it is investing based on hopes and dreams and to heck with what my lying eyes tell me I will still believe in the SRGE scammers.
I have proven beyond a shadow of a doubt that there is no other research on the Mathers site except SRGE - read it and weep Bro - no research just more of the scam.
IG