A post I found on a Dutch msg board while trying to find info on Duvernoi Capital Investments Inc.
This seems logical to me.
Goldcorp's NEXT Takeover Target!
OTC Listed Southridge Minerals Inc.. (SRGE) Is Estimated
To Be Sitting On Gold and Silver Worth At Least ...
$ 9.25 Billion!
Buy Shares or Southridge Minerals Inc.. (SRGE) Now Before Its Gold-Starved Neighbor, Goldcorp, Could Gobble It Up For ...
$ 33.88 Or More a Share!
Why in the world would giant Goldcorp (NYSE: GG; market cap $ 43.28 billion), the world's largest gold producer, pay $ 33.88 a share for Southridge Minerals Inc.. (SRGE) a little-known, exploration-stage gold company Whose stock is currently trading around $ 0.005 cents?
Breaking News Announcement
SRGE Announced last week That they've secured a $ 15.6 Million dollar equity financing agreement from a European-based Investor Duvernoi Capital Investments Inc. .. The equity financing agreement does not any involvement debt. Rather it gives Southridge (SRGE) the option to draw down from the $ 15.6 million amount as and When Needed in the amount of $ 4.8 Million or multiples thereof.
As is the case Usally with a significant financing, like the $ 15.6 million Announced last Friday, more money from different private firms or even a huge takeover from a big form like Goldcorp could follow.
But, you need to act NOW before Goldcorp starts the takeover process. If it sounds too good to be true, Remember That the last time Goldcorp made a similar deal (for a piece of Mexico's Urique gold district) it made Billions in profit!
Back in 2006, Goldcorp paid $ 9.5 billion to get its hands on the El Sauzal gold mine in Chihuahua Mexico. The mine was owned then by Glamis Gold and, at the time, produced only a few thousand ounces of gold a year.
But Goldcorp had done its homework. They were certainement there was huge potential in the El Sauzal mine and they knew they had a bargain Even when they ended up paying $ 54 a share for Glamis stock.
Glamis Shareholders Got Rich On Goldcorp's Takeover! Southridge Minerals Inc. (SRGE) Could Be Next!
Goldcorp was right. Its newly-purchased El Sauzal mine became the largest producer in Mexico with a recent peak production of over 274,000 ounces a year. Goldcorp was happy to pay a huge premium for shares of Glamis, and it made billions on the deal.
Now, we believe Goldcorp desperately needs to pull off a similar deal! But with the price of gold now around $1,772, the $54 a share they paid for Glamis now translates to something close to $33.88 a share. We'll show you the numbers when you keep reading.
Giant, Goldcorp Needs More Gold to Support Its Stock Price!
According to the company's most recent report, its El Sauzal gold mine is now approaching the end of its very profitable run. The expected decline in production is finally occurring. Gold production forecast for 2012 was down to 80,000 ounces, off some 20%, or 20,500 ounces, from its 2011 total of 100,500 ounces.
At that rate, production will dry up completely in just a few years. Goldcorp is running out of gold at its El Sauzal mine!
What is Goldcorp going to do now?
Southridge Minerals Inc. (SRGE) Has An Estimated $18.5 Billion Worth of Gold and Silver Right In Goldcorp's Backyard! Southridge is Goldcorp's Logical Next Acquisition!
Geologists confirm that there is an enormous, almost staggering, amount of gold left in the volcanic-based Sierra Madre Occidental mountains of Durango Mexico. In fact, according to the latest assays, there are many billions worth of proven gold reserves located on properties adjacent and close to Goldcorp's now-sputtering El Sauzal mine.
And, as an investor, what should interest you is the fact that one of the most-promising acquisitions, Southridge's El Horconcito project is right next door to Goldcorp's petering El Sauzal mine! Read more about El Horconcito here
Goldcorp would have an easy, inexpensive and fast start up if it takes over the El Horconcito project because it already has all the necessary infrastructure and machinery practically on site at its El Sauzal mine. It's a perfect match!
This OTC listed and still un-discovered by Wall Street, exploration company has somehow managed to get its hands on a 100s Hectares mining concession sitting smack in the sweet spot of the same gold-rich geological formation from which Goldcorp has already taken $-billions!
Now, ask yourself...if you were a director of Goldcorp, the world's largest gold producer... a NYSE corporation with a market cap of some $43.28 billion...and if your number-one-best-producing Mexican gold mine was petering out . . .and you knew, with almost absolute certainty that there is $18.5 billion worth of gold and silver sitting almost in your backyard... do you think you'd be contemplating a buyout?
You betcha! Especially when the stock of the company that owns all that gold (SRGE) is currently trading around a ridiculous $0.005 a share!
And how much will Goldcorp be happy to pay to takeover the adjacent gold prospects that belong to Southridge Minerals (SRGE)?
Let's do the math:
We know that Goldcorp paid $9.5 billion ($54 a share) for Glamis back in 2006 when gold was trading at just $550 an ounce and the El Sauzal mine was producing just 1,000 ounces of gold annually.
Given the now-proven production history of Mexico's Urique gold district, a similar price tag for Southridge's wholly owned mineral concessions seems like a steal.
But, gold is now trading about 225% above its 2006 price. That means the $9.5 billion Goldcorp paid for Glamis in 2006 would be more like $20.7 Billion today. If Goldcorp pays just $9.25 billion for Southridge's properties, the per-share price (545,874,868 million shares) works out to $16.94 per share of Southridge Minerals (SRGE)!
But, if Goldcorp has to up the anti due to current gold prices, a price tag of $18.5 billion works out to $33.88 for each share of Southridge Minerals (SRGE) that you can buy now for under a penny!
