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http://www.kinross.com/class-action-lawsuit/kinross-responds-to-southridge-news-release.aspx
12.26.12 - Kinross responds to news release regarding Southridge Enterprises
Kinross has not entered into a joint venture agreement with Southridge Enterprises, and is not actively pursuing any such agreement at this time, contrary to a news release which was issued on December 26, 2012.
PR: "Kinross has not entered into a joint venture agreement with Southridge Enterprises, and is not actively pursuing any such agreement at this time, contrary to a news release which was issued on December 26, 2012."
http://www.kinross.com/class-action-lawsuit/kinross-responds-to-southridge-news-release.aspx
No news out on the Kinross site!???
http://www.kinross.com/news-media.aspx
HEADS UP
Southridge Enterprises, Inc. (PINK:SRGE) Got Rid of Carrillo Huettel?
by Kaloyan Gadzhev
Nov 26, 2012
There is more than one way to pump a stock's price. As I mentioned last week, Southridge Enterprises, Inc. (PINK:SRGE, SRGE message board) has been traded more actively than usual in the last three months.
On Friday, despite the short trading session SRGE managed to close up 44.57% with approximately 40 million shares changing hands. This brought about a close above the penny mark for the second time in more than a year.
In my previous article I also said that SRGE has some problems with traders trusting what the company provides as information, and one of the factors contributing to that was the legal counsel for SRGE. About 20 minutes after the publishing of the article the company announced it had changed its legal representation.
This could be good step towards being more credible, but SRGE failed to name its new legal counsel in the press release. OTCMarkets still lists Carrillo Huettel as the company's legal counsel. Additionally this sudden decision resulted in the postponement of the filing of SRGE's financial report.
Some of the hardcore believers in SRGE have been ecstatic over the cash dividend paid out by SRGE. While the fact that the company actually paid the dividend is commendable, investors may want to keep in mind that the dividend was $0.00003 per share, which translates into $6,478 for the whole public float or $16.3 thousand for all of the outstanding shares.
Getting new legal representation may be a good decision, but the company still has some way to go before the claims it makes can be taken at face value. The fiasco with the revamped 2007 video will be hard to wash off.
However, if what SRGE is saying turns out to be accurate and true, the company should have little problem proving it.
http://www.hotstocked.com/article/41122/southridge-enterprises-inc-pink-srge-got-rid.html
LOOK HERE
Southridge Enterprises, Inc. (PINK:SRGE) Luring Investors
by Kaloyan Gadzhev
Nov 23, 2012
If one were to look at the financial reports and press releases of Southridge Enterprises, Inc. (PINK:SRGE, SRGE message board) one would probably wonder why it's trading below a penny. But if they dig deeper the reasons will become apparent.
On Nov. 22, SRGE closed up 10.84% at $0.0092 with nearly 99 million shares changing hands. This happened after the company issued a press release claiming it was in discussions with "Major NYSE Listed Metal Producers."
In the press release SRGE fails to name any NYSE listed company, but states that it may be selling the Cinco Minas property, and mentions amounts between $550 million and $600 million. SRGE also claims a sale would lead to a $0.20 dividend for shareholders. Then why didn't the price go higher?
There is one simple reason - traders don't trust what SRGE is claiming. The company has been less than perfect with its filings in the past, and although at this time OTCMarkets lists it as "OTC Pink Current" the latest report available is for the quarter ended May 31.
The fact that the legal counsel for SRGE is Carrillo Huettel LLP, doesn't help the company's credibility at all. Carrillo Huettel has been involved with a lot of the ugliest pumps like Sunpeaks Ventures (PINK:SNPK) and HDS International (PINK:HDSI). Carrillo Huettel was investigated by the SEC in connection with a pumper who was suspected of violations of federal securities laws.
Some traders have outright stated that "SRGE is a scam" and there may be some merit to their claims. About an year ago the company made an attempt to convince traders it was the real deal using this video. The problem with it is that it's actually a video that was originally uploaded in 2007 with a few frames edited in to display the SRGE logo. This is hardly a good way to increase credibility.
A company which claims it has close to $2 million in cash should be able to aford filing with the SEC at least. A company which claims to have generated close to a million dollars of revenue and net income of $311 thousand should also be able to pay for someone to audit their reports.
SRGE isn't doing either. Instead it chooses to pump out hyped press releases to lure in investors.
http://www.hotstocked.com/article/41072/southridge-enterprises-inc-pink-srge-luring.html
Hold on to your panchos, were heading north of .006 again.
Early morning pattern here is similar to yesterday
OTCBB uplisting will make this stock absolutely skyrocket, if true.
Trading 101: Spikes in volume can validate a breakout or signify a potential turning point.
.01+? YEEE HAWWWWWWWWWWWWWW....
(if you know what I mean)
O.k., I'll be riding this bull along with you again then.
Scottrade shows Ask at 0.0078 right now
SRGE in Stocks to Watch for Sept 20 from OTCPicks.com
http://transworldnews.com/1161718/a9391/srge-and-apdn-isare-the-stocks-to-watch-for-september-20th-from-otcpickscom
Nah, volume dropping off not a good sign. Classic pump & dump indicator to get out fast.
Yes, like can one even call Duvernoi Capital Investments?
Good reason why doing your own D&D matters.
Day Low @ 0.001
PLEASE READ: Company is unaudited, financials a mess...
_____________________________________________________________
"Keep a close eye out on SRGE stock and watch it return back to the triple zeroes shortly."
http://www.aimhighprofits.com/srge-press-releases-pump-southridge-enterprises-2275-18324
_______________________________________________________________
SRGE | Press Releases Pump Southridge Enterprises 2,275%
by Timothy Richards - More by Timothy Richards
5:25 PM 9/10/2012
When you claim to book revenues of $3.14 million in fiscal 2012 and are embarking on a multi-million dollar expansion to raise full production capacity to 500 ton per day for your mineral mining facility but can’t get your financial filings current, something smells rotten in Denmark. Lucky for them, Southridge Enterprises Inc. (SRGE) is U.S. based and their Cinco Minas Mill is in Jalisco, Mexico where the smell is camouflaged. Proof once again that PR is more important than hard numbers, SRGE stock, with their big fat red stop sign attached, is currently leading the OTC markets as the most traded penny stock.
With no current data and that red stop sign in front of their ticker symbol, Southridge Enterprises is one pink sheet penny stock turning heads to start this week. Having gained as much as 131.71% today, all the momentum has been building since the stock began trading heavy to start September having gained 2,275% as of today’s high. Why is SRGE so hot?
On September 5th, the Company stated via press release that record mineral production and revenues for Q4 and the fiscal year ending August 31, 2012. Southridge managed to increase production from their 60 ton per day mill site at Cinco Minas in Jalisco processing over 9,000 tons of ore and booking $3.14 million in revenues. They amazingly had these number ready within 5 days of the end of the month but can’t seem to pay an accountant $50,000 to get their filings current with OTCMarkets.com.
Today’s power surge in SRGE stock is stemming from they already started a multi-million dollar expansion of their Cinco Minas Mill which is said to raise full production capacity to 500 ton per day, 8X what it supposedly already is capable of, by the end of 2013. Wait a second, i was born at night, but it wasn’t last night or at any of the NightCulture (NGHT) sponsored events. Is this #2Flusher really worth trading nearly a million dollars worth before lunch on no financials and fluff news? Weirder things have happened like TBX pulling out of the Viking Minerals (VKMD) promo because it didn’t do as well as they hoped.
About SRGE Stock
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. Southridge is currently focused on projects in Mexico.
Bottom Line: SRGE may be the hottest penny stock to start the trading week off, but this hunk-a-junk has more love for it on the boards than monkeys who can ride tricycles. Keep a close eye out on SRGE stock and watch it return back to the triple zeroes shortly.
http://www.aimhighprofits.com/srge-press-releases-pump-southridge-enterprises-2275-18324
Careful "peeps", this stock is going nowhere considering the level of magnitude of the news releases which have been put out. Red flags abound.
People dumping large volumes while still in .0030's compared to low volume on bids.
Pre-market @ .3772
Back to triple 000's by next week.
Last one out, turn off light and shut the door.
Rotsa Ruck with that!! This company has red flags all over it!!!
Duvernoi Capital Investments has no website or other customers, hmmmm......
From who are they receiving this funding?
I have not been able to verify even just one other company that received financing from a "Duvernoi Capital Investments, Inc.", or that this company even exists as a legal entity.
Duvernoi Financing is not adequately verified through representation of this website, since it has a disclaimer at the bottom of their webpages basically saying that the information is derived solely from an automated extraction of news articles appearing on the web.
The direct link to this is here: http://thenewswire.ca/archives?tnwarchive2=release_id%3D7380
Time to slap that ask?!!
Strap on your seat belts, ride about to begin...
SRGE headed for .20, here's why....
This is a Mathers Research target price (.20/share) that was put out on January 23, 2011. Their report idicates that the Cincas Mines, owned by Southridge Enterprises Inc. (SRGE), is capable of producing 60 tons per day, expandable to 500 tons per day. Per the press release from yesterday, the Company has now followed through with their intended plans to make this happen. Yesterday's PR indicates they are already beginning the implementation of this planned expansion.
Southridge Announces Analyst Research Report; Mathers Research Initiates Research Coverage
DALLAS, Jan. 23, 2011 /PRNewswire/ -- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") announced today that Mathers Research ("Mathers") has initiated research coverage of Southridge, with a 'Speculative BUY' Opinion and a near term price target of $0.20 cents per share.
Mathers, which provides independent investment research to individual and institutional investors, has released a comprehensive report that describes Southridge and its mining growth strategy. The report includes information about the Company's business model, recent acquisitions, gold production and the Mill Production Plan (MPP).
Nigel Perkins, Research Analyst with Mathers Research commented, "It is the author's opinion that Southridge Enterprises represents a significant opportunity to investors with a target price of $0.20 per share."
Recent exploration and technical reports of the Cinco Minas Property indicates substantial high-grade gold and silver mineralization. A 2007 Property report for Cinco Minas confirmed a mineral resource of 235,000 oz. gold and 23.33 million oz. silver. In addition, the property report cites that only 20% of the known vein system has been tested, which represents a significant potential upside to the confirmed resource.
The recently announced Mill Production Plan (MPP) outlines the reactivation of an ore processing mill located at the Cinco Minas site. The mill is capable of processing 60 tpd (tons per day), and is expandable to 500 tpd, and there is more than a two year supply of stockpiled ore currently on surface at Cinco Minas ready to be processed through the mill.
For a link to the full investment opinion and risks associated with this company, visit http://www.mathersresearch.com/research
About Mathers Research
Mathers Research was founded in 2001 by Managing Director Nigel Perkins. Over the past decade, Mr. Perkins has developed a team of experienced professionals at Mathers, whom have now generated numerous research reports on companies trading in markets around the world and crossing many industry sectors. Our report content was previously commissioned specifically on a proprietary basis for investment houses throughout the world and was only available to the public through the firms that purchased our research. We have recently begun to direct our research and reports to the investment community on a retail level and narrowed our focus to identify unique small and micro capitalized company opportunities.
For further information on the Company's Gold and Silver projects, visit our website, http://www.southridgeminerals.com
Cinco Minas Mexico Ejidatarios say: GO AWAY Bandera Gold Ltd ..
Wow, exceed $60 million in revenues?!! I'm in!!!!
RETIRE EARLY, BUY SRGE!!!
Buyers hungry for shares, will pay any price.
There will be no stopping this rocket ship now!!!
Shares disappearing at .0034 fast, hello .0035 soon
Here's your pictures, Ernie.
Here's the story on the .20 target price
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http://www.prnewswire.com/news-releases/southridge-commences-drill-program-at-the-cinco-minas-gold--silver-mine-in-mexico-165125736.html
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Southridge Commences Drill Program at the Cinco Minas Gold & Silver Mine in Mexico
DALLAS, Aug. 6, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (SRGE.PK) ("Southridge" or the "Company") is pleased to announce it has commenced drilling on the Cinco Minas Property, located in Jalisco, Mexico. The diamond-drilling program is a fundamental part of the 2012 exploration set out to broaden the gold & silver resources at Cinco Minas.
The greater part of the historic work on the Cinco Minas Property has been focused on three main zones: the La Abra, the San Juan and the Famosa. A recently released resource estimate showed an Indicated Resource of 2.27 million tonnes of 171.9 gram silver containing 12.5 million oz. of silver and 1.22 gram gold containing 89,100 oz. of gold and an Inferred Resource of 400,000 tonnes of 137.9 gram silver containing 1.8 million oz. of silver and 1.07 gram gold containing 13,800 oz. of gold.
For the 2012 drill program, a professional geological crew based in Guadalajara will be used to log and sample all core. Samples will be split using a diamond saw and will be shipped to a certified laboratory in Guadalajara, Mexico. Subsequently, the drill core will be stored in a secure facility in Cinco Minas, Mexico.
Southridge's Cinco Minas mine is located in the Mexican state of Jalisco, approximately 75 miles from the major city of Guadalajara. Cinco Minas is a historical producing mine that has been the subject of substantial previous exploration and production.
The mine currently has a mineral resource of 23.33 million oz. Ag, and 235,000 oz. Au. Previous exploration at Cinco Minas has only tested 20% of the known vein system, and the recently announced exploration program is designed to explore the untested 80% portion of the known vein system. Southridge Minerals is committed to aggressively exploring the property, and expand the current mineral resource at Cinco Minas. Today's market value of the confirmed resource at Cinco Minas is well over $1 Billion USD, prior to the completion of further planned exploration to expand the resource.
Additionally, Mathers Research has initiated research coverage of Southridge, with a "Speculative BUY" Opinion and a near term price target of $0.20 cents per share.
The Mathers Research report is available as a free download on the Mathers Research Website @ http://mathersresearch.com/srge-report.
For further information on the Company's Gold and Silver projects, visit our website: http://www.southridgeminerals.com.
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project:
(