Replies to post #115753 on Southridge Enterprises Inc (SRGE)

[tob999]

I don't see any problem or issue with what was stated. Very clear to me. Bring on the buyout! Kaching! :0)

[tob999]

Wrong again. The JV was to be worth $680M!!! Sheeesh.

Additionally, a major gold producer with a satellite office located in Guadalajara has contacted Southridge with a joint partnership interest in Cinco Minas and the companies are engaged in serious discussions at this time. Should Southridge feel it's more beneficial for the Company to sign a Joint Partnership with this major Gold producer instead of selling its Cinco Minas Property, then Southridge would look to have its shareholders benefit from this transaction as well. The Company and its board of directors are currently discussing the possibility of a quarterly cash dividend to its shareholders from a certain percentage of earnings made from such Joint Venture. Southridge is in negotiations with this major gold producer to inject an amount of roughly $680,000,000 into this Joint Partnership in order to help the Company aggressively mine Cinco Minas and it's up to $5 billion in Gold and Silver reserves. The size of this project is rather large and that's why the company is in serious discussions with a NYSE major producer because it feels this will allow Southridge to aggressively mine and explore the property at a much faster rate therefore leveraging the price of Gold at today's market value.

[JPMorganJr]

Excellent point !!!!

First you could buy the entire company for $500M to $600M, later for Kinross the price was $680M just for a JOINT venture, which would make it seem that they were only getting half of the company for the $680M investment.
This gives SRGE a value of almost $1.4B or about $1 per share

In my mind if Kinross ever gave them a check for $680M do you think the SRGE boys would even hang around to work the mine ?? I think they would have taken the money and run. When you have $680M in your pocket why work at all, especially when you see the share price rise from 1/2 penny to a $1 for a 200x return.

[JPMorganJr]

Do you really think the big gold miners like Barrick Gold, Anglo Nico, Yamada, Newmont Mining, Goldcorp are lining up to shower these criminals with hundreds of millions of dollars for some made up mining property ?

They have made some doubtful mining investment moves in the past 18 months, but paying up huge bucks for virtually nothing is not one of them. They have experienced staff of geologists and people skilled in this science who would immediately determine that SRGE is offering something of ZERO value.

Further, I'm sure they already know that SRGE is a fraudulent entity run by criminals.

They must be laughing about the SEC shutdown.