Here's an interesting calculation. As far as I rem
Post# of 9903
Posted On: 02/15/2014 3:01:46 PM
Re: bigmoneytrader #3340
Here's an interesting calculation. As far as I remember, there are 545m shares.
When SRGE originally said they negotiating to sell the mines and as far as we know that's just Cinco Minas, they said they were expecting to sell them for somewhere between $550m- $650m.
So why don't we take the higher figure - $650m. If just Cinco Minas is sold for $650m that means just on that basis that 650m divided by 545m (the number of shares issued) that equals $1.19.66 cents - purely based on cash in the bank.
Even if there are maybe 1bn shares and JUST Cinco Minas sells for $650m, cash in the bank per share is 65 cents!
I know what they should really do, after they announce the sale of the mines, they should say they are re-focusing the business to go into the marijuana sector and have already struck deals and have a war chest of $650m (less expenses) and wil be re-listing on the Mexican Stock Exchange. Our shares would truly go into orbit in the very short term!
I still think there's a very real possibility that they have discovered a super vein that they have already done the assay results on and its producing a lot more than previous open pit systems.
Hey folks - here's an interesting thought - just thinking out loud here. It may not bee that preposterous a thought that they have found some super vein. Otherwise, they were doing quite nicely producing gold, keeping local folks in employment and paying quarterly dividends. So why upgrade the processing capability of the mine, unless they had found something worth upgrading it for?
All just speculation on my part, no doubt we will find out, in due course. I'm looking forward to it when we do find it out.
(Goodness. I typed this about two hours ago and forgot to post it! LOL)
When SRGE originally said they negotiating to sell the mines and as far as we know that's just Cinco Minas, they said they were expecting to sell them for somewhere between $550m- $650m.
So why don't we take the higher figure - $650m. If just Cinco Minas is sold for $650m that means just on that basis that 650m divided by 545m (the number of shares issued) that equals $1.19.66 cents - purely based on cash in the bank.
Even if there are maybe 1bn shares and JUST Cinco Minas sells for $650m, cash in the bank per share is 65 cents!
I know what they should really do, after they announce the sale of the mines, they should say they are re-focusing the business to go into the marijuana sector and have already struck deals and have a war chest of $650m (less expenses) and wil be re-listing on the Mexican Stock Exchange. Our shares would truly go into orbit in the very short term!
I still think there's a very real possibility that they have discovered a super vein that they have already done the assay results on and its producing a lot more than previous open pit systems.
Hey folks - here's an interesting thought - just thinking out loud here. It may not bee that preposterous a thought that they have found some super vein. Otherwise, they were doing quite nicely producing gold, keeping local folks in employment and paying quarterly dividends. So why upgrade the processing capability of the mine, unless they had found something worth upgrading it for?
All just speculation on my part, no doubt we will find out, in due course. I'm looking forward to it when we do find it out.
(Goodness. I typed this about two hours ago and forgot to post it! LOL)
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