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Why would they spend money on such a thing? They are already in debt. A media campaign would not change the outcome of the trial in any way shape or form.
I sense a pop end of day. Good buy at .0052 IMO
In 2000, PEs were in the hundreds. Now PEs are below historic averages. Not even close.
Wow, your posts show that you clearly don't understand the basics of the market. Did you bother to check the L2 before spewing this nonsense?
Also note that when Tumi was on the mines Gold was about 25-30% of the value it is today, so the profits were not nearly as lucrative..
It sometimes amazes me how someone can waste their time going around to forums rubbing it in the faces of people who lost some money just to build up their own ego. You will never meet any of these people in real life, so why do you care so much about this crap.
I'm just flipping this one for the time being, but have to say posts like this really make me wonder how someone can be such a bad person...
Seeing a nice little bounce on some decent volume today.
What's your expectations for the next piece of news? Time frame wise
Nice to see some positive volume and bid support here.
lol, just waiting on some sort of news.....
Not much to discuss right now
News already hit buddy :)
Southridge Minerals Signs Definitive Agreement and Acquires La Canita Gold Mine in Durango, Mexico PR Newswire "Press Releases US - English"
DALLAS , Oct. 15, 2012 /PRNewswire/-- Southridge Enterprises Inc. (PINKSHEETS : SRGE) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc. , its wholly owned subsidiary, has signed a definitive agreement with San Dimas Mineria S.A. to acquire a 100% interest in the "La Canita" Gold property, in the state of Durango, Mexico . The Purchase Price for the assets comprising the mineral concessions "La Canita" shall be USD$3,550,000 . La Canita is located in the San Dimas mining municipality of Durango, in close proximity to the Sinaloa border.
The La Canita property consists of 7,932 acres and, along with the concessions; the Company has received an appraisal estimating potential resources of 185,000 oz. of gold, having a current market value in excess of $320,000,000 USD . Southridge plans to carry out additional mapping, trenching, sampling and follow-up geophysics to define future drill targets.
Currently within the region, Primero Mining operates the San Dimas Mine, a producing gold and silver asset that was purchased from Goldcorp in 2010. The San Dimas Mine has probable reserves of over half a million ounces of gold and 31.8 million ounces of silver.
Part of the prolific Sierra Madre Occidental gold belt, the world's largest epithermal precious metals belt, San Dimas is home to several world-class mining operations. Historical production in the San Dimas mining region is estimated to be over 11 million ounces gold and 582 million ounces of silver.
Southridge Minerals currently holds five other mineral properties in Mexico , the past producing and flagship property Cinco Minas , Gran Cabrera, Los Compadres and La Esperanza .
With metal prices forecasted to remain buoyant, properties that offer significant potential for Gold and Silver occurrence, a diverse management team, and a strong cash position, Southridge Minerals is well positioned to develop its opportunities and build shareholder value.
Why do people continue to insist on reading charts in these markets. They can be used as a guide but with low market cap stocks, with major news the charts are meaningless. This isn't the DOW we are talking about...
Agree. We need a professional IR firm not just Hany answering our questions sporadically. I almost didnt post the emails I got from him about the updates coming because in the back of my mind I had a feeling the deadlines would be missed. But oh well...
Well the last newsletter said they looked to acquire 500 mwtx of Albanian Hydro before the end of this year. We have 78 days left lol
My opinion on that matter is that Hany spoke before consulting with his legal advisors. He said we would be getting projections from the Albanian project on the site, but more than likely the attorney's suggested against that, perhaps until things are finalized.
Just my opinion.
It doesn't matter. In my opinion Zoedog didn't know any more than we all did.
Then stay out, and never buy in, but there is no need for you to tell us how to invest our money ;) There is nothing pointing to a scam here, so unless you have something that does, please stop throwing that word around.
I don't go around to all the boards of stocks I don't invest in telling people they made a bad decision or I disagree with them. I have a business to run and things to do with myself....
Just my humble opinion.
Except home prices didn't go up 400% in the last 9 years lol
Yes agree. Should run till the close with big news rumored for Monday.
IMO this is likely a large shareholder who is taking the year end tax loss to offset other gains. Their loss are our gains in the long run IMO. I will continue to add if this dips. Up to 725k shares now.
Have you looked at what the stock has done in the last 6 weeks? Are we both looking at the same ticker? Doesn't seem like it....
No, not unless some terrible news is released, or no news is released for the next 4-5 months IMO
Anybody really think this will go to 0.01?
Yeah I understand, and can't say I really disagree with you on that
Stop putting words into my mouth. Never did I ever say it was "definitely a short attack," I said it appeared it was a short attack, which I stated was incorrect. When we get the filing next month showing that the OS is still the same, will you stop posting these doom and gloom dilution messages?
Also why do you continue to avoid my one question to you? Why is this stock a "scam". ?
Don't be sorry.
#1 I feel this is a great investment
#2 if it isn't, it's money I can afford to walk away from.
It's called investing!
I'm still waiting on your reason why this is a scam. I assume I won't be getting that and you also don't want to make a little wager here.
Viewpoint was given the shares at about 5.1 cents each. Just over 19 million shares to pay off a $1 million fee.
This very well could be them selling, and would make sense. Heck they are making more than the 5.1 cents they charged.
No prob. It actually wasn't sent to me. Was sent to two other shareholders I am in communication with.
Yeah I have no clue. The fact that Hany is still emailing several people is a plus. There attorney's from about 18 months ago were given shares as pay. This may be them. perhaps they just want to get paid for their work, and thus are cashing out without bothering understanding what may or may not happen with the company here.
I didn't say I couldn't find it. I said the only report ther eis is one on SRGE, and the domain was registered only a month before the report was issued. Doesn't hold much water for me. That's not why I bought this stock.
Hany Emails Today:
Seems that several peopel got this email reply earlier today for what it's worth:
The company updated the market with all developments on it's projects.
Emails from shareholders are being answered regularly and promptly.
We apologise if any message was missed.
Share price declination is due to sales of shares by one of the share holders and doesn't represent the value of the company projects.
The company is working on its plan with a clear view towards it's targets.
The market will be updated about further development.
The company management will release reports on the news letter upon compliance clearance and will be provided as soon as reasonably possible.
My analysis on SRGE
Ok to start I will say I have abotu 2 million shares. Not a huge position, but a moderate one.
Things I like:
- Bandera has been caught in too many lies in the last 6 months to take anything they put out seriously
- There are clear pictures of SRGE at the Cinco site, and judging from my analysis of the images they were NOT doctored in any way. SRGE appears to be on the site working, and statements from those living in the area back this up.
- The chart is amazing
- Expected news would run this up quite a bit over the coming week or two
- No dilution is apparent on this big run, which is a major plus.
Things I don't like:
- The obsessive pumping by many longs here. It's a major turn off and frankly is the reason I have been flipping this stock rather than investing in it!
- There is still a lot of unknowns with the Whole Bandera situation. I get the feeling that neither side is being 100% honest, but may be wrong. I feel SRGE is on the property though.
- The 20 cent analysis in all the PRs. It's a joke to me. The company can not be found online besides when discussing this stock. They can hired anyone to put out an analysis saying whatever they'd like. They need to stop putting it at the bottom of every PR.
- We need Filings and 8ks!
Would you like to make a bet? Seriously.
I already have my money where my mouth is. 715k shares worth.
Point out the red flags please. Besides emails not being returned. Anyone with their family's future invested in a penny stock shouldn't be investing.
As for sub penny's, unless negative news comes out, or this drags on for another year NOWAY! Mark this post.
There are many scams in these markets. PSPW is not one of them IMO.
Not worth arguing about, especially when your only argument as to why you think this is a scam, is that the share price is down lol.
You would think, but everyone has their personal reasons. Perhaps they just want to get some cash and aren't following whats happening here.
Most likely someone who had their restriction removed from over a year ago. Perhaps old attorney's, perhaps someone that needs some cash and is tired of waiting around.
The same reason most stocks go down. More shares being sold than being bought. Simple.
Yeah, they can't really tell you anything which has yet to be made public. Although I like the entry into the US market, the big deal will be Albania in the short run IMO
Nice bid up there at 8 cents.