Replies to post #120999 on Southridge Enterprises Inc (SRGE)

[gatorboy33]

Great post thanks for sharing..I feel better about what happened and what is about to happen..This also echo's what MOMO said last week that SRGE will terminate KINROSS and sign a new deal with a really big gold company that won't lie/deny about the deal...

[janice shell]

In any case, there appears to be information on Southridge's side to believe that an agreement for a J.V.--possibly in its preliminary stage--was signed and that a final agreement will be realized to give rise to their 12/26/12 announcement that declared Kinross as a new Joint Partner.

I'm afraid not. SRGE and Kinross had, after all, signed a confidentiality agreement that bound both parties. Even if a JV had been under discussion, SRGE had no right to PR it, especially on a day Kinross wasn't planning to be in the office.

In any case, there appears to be information on Southridge's side to believe that an agreement for a J.V.--possibly in its preliminary stage--was signed and that a final agreement will be realized to give rise to their 12/26/12 announcement that declared Kinross as a new Joint Partner.

I can't imagine how. You know when you've signed a JV agreement. That's not rocket science.

A deal can be scrapped in the middle of a partnership discussion or even at the final stage.

On the morning of the 26th, SRGE stated that there was a deal. Two hours later, Kinross declared that there was not. At some time prior to that morning, the SEC requested documents regarding the supposed JV. They were not impressed, and had no problem suspending trading. That should tell you all you need to know.

Let's consider Moscosa's emails once again. He first wrote to "Davies" on 5 November, using the address he'd evidently found on the company website. He introduced himself, and added "Let me know about you and the person we can talk [to] regarding your projects and exploration plans". He also indicated his awareness of SRGE's "legal problems".

Clearly Moscosa was simply on a scouting expedition. He wanted to know what SRGE had. If it interested him, he'd take the matter further.

By 9 November, Davies had replied. It seems they'd had a phone conversation; Moscosa thanks him for the "talk". He says further that he's currently on a "field trip"--no doubt looking at the properties of other juniors--but will be in Guadalajara the third week of November. He suggests that Davies visit him at his office, or he can go to Davies's.

In the final email, written on the 13th, Moscosa says: "I will be at the Guadalajara office next week, after the Nov. 20th. Just to coordinate a meeting and see some of the information you have in all the precious metals projects you have available."

So no meeting was possible before the week of the 20th, and Moscosa had not made plans to schedule a trip to see the properties for that time. He was interested in hearing from Davies about what Davies thought SRGE had.

All that is very, very preliminary. At some point a CA was signed, but that needn't have been done in person. The bottom line is that we still don't know if they ever met.

As you point out, Moscosa would have wanted to see the properties. And he'd have wanted much more information than that before recommending anything to his superiors in Canada. I don't see all that happening in a month.

Nobody commits $600 million in the blink of an eye. Of course that number made no sense at all for any kind of joint venture. See this typical JV agreement for properties--quite a few properties--in Mexico:

http://www.sec.gov/Archives/edgar/data/1015647/000113717111000557/ex_4-2.htm

Note that the agreement was signed by Almaden's president and CEO, not by a field agent.

[cyberbullymouse]

Ridiculous conclusions and biased speculation.