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This move is texbook. Research the past and you will realize SRGE will be well over $1.00 soon. There are a lot of companies in subs that are awaiting a break out from their research and developement phase and SRGE is one of them. I invite anyone to research companies like Hathor Exploration Ltd. to see what is possible. There are plenty of stocks to review and when you find one like SRGE that is following the formula for success, it's not hard to see the future here.
How junior mining company Hathor bagged the big one.
Vancouver has become a global focal point for junior mining exploration companies aiming to discover the next big one, no matter where it might be. This, in turn, has generated hundreds of local mineral exploration businesses. ?However, finding a significant mineral deposit and taking it from discovery to production is ?extremely complex and involves many tiers of expertise. Most of these ambitious juniors disappear before they ever get near the motherlode. ?Still, one Vancouver-based junior has combined people, skills and assets to ascend from the pack of wannabes to the next level. In 2006 Hathor Exploration Ltd. acquired a uranium exploration property in Saskatchewan (named, appropriately, Roughrider), and based on promising drilling results, raised $50 million to finance continued exploration. In August this year mining giant Cameco Corp. launched a hostile bid to buy Hathor for approximately $531.3 million.??
The Problem?
For a decade, Hathor Exploration Ltd. was a typical junior miner, a shell company that spent most of its time looking for promising opportunities in whatever was hot at any given time. In 2006 it found a uranium claim in the Athabasca Basin of northern Saskatchewan. Global uranium prices were rising at the time and, although it was unproven and required some preliminary exploration, Hathor saw the Roughrider claim as a possible opportunity. Two years later it made a discovery of rich uranium indications.?
Then Hathor faced the fundamental challenge of every junior that makes a big discovery: It could sell it off to someone bigger – the usual route – or it could build a business that would advance the find to the point where it had far more value.?
The Solution?
Hathor decided to go for it. It began converting from a bottom-tier explorer to a mid-tier developer. By 2009, it had begun building a high-powered team to lead the development, bringing in proven experts in uranium production and the nuclear power industry. New president and CEO Mike Gunning was a recognized expert in the uranium sector, having previously logged time with Teck, the Saskatchewan Geological Survey, and Triex Minerals Corp. New chair of the board James Malone was previously with Exelon Corp., a major generator of nuclear power in North America.?
The team, and the acquisition of 10 other nearby properties, helped Hathor to tell a good story, which raised significant funding. The funds were put into further exploration, particularly an ambitious drilling program in three of its properties. The drilling program recently produced results beyond all expectations, showing strong indications of dense uranium deposits. ?
Based on these results, Hathor was completing an economic performance model when Cameco lobbed its hostile takeover bid in late August. At the time of publication Hathor was urging shareholders not to sell. Whether it ends up being owned by a major or climbing into the highest tier as a producer itself, it’s clear the company’s strategy has paid big dividends. ?
Lessons?
• It’s all about the asset. As with any business, the underlying asset is most important. Without it, any business will have a long, difficult climb ahead.
?• Bring in the big guns. If you want to hunt elephants, you need a big gun. Hathor brought in highly experienced mining people who know how to build a strong business.
• Continuously reinvest. Many companies raise funding or make some initial money and then start drifting. Hathor put almost every dollar it raised back in the ground to prove the value of its asset.
SRGE will be a GIANT very soon. Financials will be soon and $1.00+ will be considered a gift. GLTA GO SRGE $$$$$$
Good for you. Welcome friend. SRGE is going to run. Strap in! $$$
Those BIG BLOCK smart buys could very well be a part of the SRGE share buyback. If so, $1.00+ sooner than we thought. GLTA GO SRGE $$$$$$$$$$$$
Congrats to those getting in on these manipulated dips. SRGE is about to EXPLODE $$$$$$$ GLTA
Can't hold down a GIANT much longer. GO SRGE $$$$$
SRGE .01 by lunch $$$$$$$$
WAY up and well earned. SRGE 2012 STOCK OF THE YEAR $$
$1.00 very soon! GO SRGE $$$$
If anyone here doubts SRGE, take a look at the 723 mining stocks here on iHub boards and you will soon discover how UNDERvalued SRGE really is. $1.00+ is very possible. SRGE is THE 2012 Stock of the YEAR $$$$$$$$$$$$ GLTA
SRGE $1.00 will be a gift
The San Dimas Mine has probable reserves of over half a million ounces of gold and 31.8 million ounces of silver. SRGE to the moon $$$$$
Amen to THAT $$$$
market value in excess of $320,000,000 USD. GO SRGE $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ GLTA
LOL Go SRGE!! THIRSTY for GOLD $$$$$$
LONGS are here for good. SRGE $1.00 soon. GLTA
GM SRGE $$$$ Keep up the great DD posters. Congrats to longs. Strapped in and ready to launch. .05 .10 .20 .50 $1.00+
News over the next 30 days will put SRGE beyond what we can even imagine. If you take a look at mining companies currently trading with the property value that SRGE has, $1.00 will be a gift. Good luck to all. GO SRGE $$$$$$$$$$$$$$$$$
SRGE will show true colors this week. For those waiting to get in after news hits, we longs understand and respect that but don't say we didn't warn you. SRGE has rocket engines strapped to her tail and is ready for launch!! GLTA
One word for SRGE newbies... "HOLD" There are plenty of investors that sell just days before they could have been millionaires. SRGE will make many very wealthy. That's not my opinion based on dreams. That's my opinion based on FACTS. Do your DD and will know and see that SRGE is about to EXPLODE $$ GLTA
More and more SRGE longs are being added daily. SRGE will be in very strong hands by EOD Monday. A well earned run is coming. When at the top, SRGE will stay there. GLTA
Thanks. The reason I ask that question is to of coarse learn from the past. But, I see mining stocks with minimal gains and/or losses that currently trade much higher than SRGE.
Example: m x $ g current pps .28
Revenue
For the year ended March 31, 2012, we had revenues of $239,911 compared to $21,000 for the year ended March 31, 2011. We recorded revenues of $260,911 for the cumulative period from September 18, 2009 (Exploration Stage Entry) through March 31, 2012. The revenues of $239,911 for the year ended March 31, 2012, are from our mining and salvage operations.
GLTA GO SRGE $$$$$$$$$$
From the 60 Mill $ that we already know about, I have one question for all. Can any of you give me a current symbol with comperable revenue so i can research their pps history? Thank you. GO SRGE $$$$$$$$$$$$$$$$$$
Now is NOT the time to buy on a dip. Too risky. When the run begins the chase will allow fewer shares to be had. Good luck to SRGE newbies. Hope you get in before Monday. GLTA
There are going to be a lot of investors that are low bidding today chasing a rocket on Monday. It's too bad. They will only end up with a fraction of the shares they could have safely bought in at today. GLTA GO SRGE $$$$$$$$$$
That could actually happen in a very very short period of time. Researched stocks from the past that had accomplished that within two weeks. GLTA
SRGE breaks .01 today IMO and grows wings next week. GLTA
Can I get an AMEN?????? GO SRGE $$$$$$$$$$$$
Lovin it MoMo $$$$ GLTA SRGE 2012 Stock of the Year $$
I'm only in for 2 mill. Very satisfied though. Gonna be a fun run soon. Good luck and best wishes for all. SRGE $$$$$$$$$$$$$$$$$$
Yes indeed. And those trips were so delicious. GLTA SRGE is about to EXPLODE $$$$$$$
Welcome SRGE newbies. Anyone searching for facts, can simply call them and verify. SRGE is the real deal. GLTA
Southridge Share Capitalization
Issued and Outstanding
880,137,868
Exchange
Pink Sheets
Symbol
SRGE
Call Southridge Minerals Investor Relations
(214) 699-6255
Monday - Friday / 9:30 a.m. - 3 p.m. CST
Email: ir@southridgeminerals.com
Well put. SRGE will shock most when the whole story is revealed. Profits will be here for the longs. GLTA
SRGE is The 2012 stock of the year. Look back in history. There are plenty of stocks out there that trade over $1.00 that had people selling out at .01 Hold long and SRGE will shock most. GLTA $$$$$$$$$$$$$$$
Congrats to those buying on the dip. The chase begins and we hold tight real soon. GLTA $$$$
SRGE Golden Cross and RUNNING $$$$
flippers are even holding long. SRGE is a rocket $$$$
SRGE is about to EXPLODE. Golden Cross runner $$$
GM SRGE Seeing SRGE on a lot of boards out there $$