Posted On: 02/26/2016 10:38:15 AM
Post# of 9903
Thanks for the update. I've had the same type of communication from someone for the past year or two. It's obvious SRGE itself is just a shell full of shareholders which we believe are mostly MSJ (Novamex) insiders. Since MSJ took over the titles of the properties, I think it has been a wait for a buyer of the properties. I wouldn't expect any operations happening at Cinco Minas or any of the other formerly owned SRGE properties until they are sold to a miner. MSJ I think only buys/sells mining properties and does not actually mine.
The good news IMO is the price of gold keeps inching towards the all time highs and will keep moving that way IMO as long as interest rates keep moving up which they will and political unrest around the world.
I personally corresponded with one of the partners of the San Diego law firm who was working the Kinross situation with SRGE and answering questions from the SEC during the suspension. SRGE was indicated to be legitimate and the attorney partner advised me they would be available for SRGE in the future for any other company or stock related services they would need going forward. I assume the firm likely handled the title transfer to MSJ in order to protect the properties.
The good news IMO is the price of gold keeps inching towards the all time highs and will keep moving that way IMO as long as interest rates keep moving up which they will and political unrest around the world.
I personally corresponded with one of the partners of the San Diego law firm who was working the Kinross situation with SRGE and answering questions from the SEC during the suspension. SRGE was indicated to be legitimate and the attorney partner advised me they would be available for SRGE in the future for any other company or stock related services they would need going forward. I assume the firm likely handled the title transfer to MSJ in order to protect the properties.
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