Replies to post #30000 on Southridge Enterprises Inc (SRGE)

[Sooah]

GOLDCORP'S POTENTIAL BUYOUT OF SRGE NOT PIE IN THE SKY

GoldCorp has been divesting its interest in Primero Mining Corp for some time now. As of last week, GoldCorp sold another 9% interest in Primero which resulted in another C$44 Million in proceeds. GoldCorp now own 32% of Primero.

http://finance.yahoo.com/news/goldcorp-announces-secondary-sale-8-205139734.html

GG are hoarding a ton of cash for a reason and in my opinion, they will start acquiring more assets. Given the potential assets beneath CM/GC, SRGE makes a good candidate. It does not make sense that GG hold on to cash because of its deteriorating value paired with the rising valuation of Gold. Additionally, even if GG completely extinguished their debt (which they shouldn't), the cash they received from divesting their interes in Primero actually leaves over $100 Million in cash plus their operating cash flow of over $1 billion on a trailing 12 month. Their cash flow will rise at the speed of light if Gold continues to march to $3K and then some.

When we consider this, it is not a far fetched assumption that GoldCorp will acquire more properties. Hope this makes sense.

I am not a big fan of APS due to their tainted image, but at the same time do not dismiss the possibility that someone else controls their mailing lists which is superior to any one name.

AIMHO,