By:Buybio2 THE MYSTERY BUYER BEHIND HUNDREDS OF MI
Post# of 9903
Posted On: 07/18/2014 6:45:12 PM
By:Buybio2 THE MYSTERY BUYER BEHIND HUNDREDS OF MILLIONS OF SHARES POST SUSPENSION
This is speculation on my part but the mystery buyer here is none other than SRGE itself and here is why.
Contrary to the opinions of some, the 'Mexicans' including 'Novamex' cannot just take the assets back. The assets must be purchased for a consideration. The problem here is that Novamex is 'stuck' because last year, it converted a big portion of its equity holdings in SRGE to debt. Novamex was/is a beneficial owner and a creditor. Being a creditor in this situation does not help Novamex because under an asset purchase agreement, the buyer does not have to assume debts associated with the assets being purchased. If MSJ assumed the Novamex debt, they'd have to pay for it in cash. The challenge this leaves for Novamex and MSJ is that Novamex would lose out on 200 million shares of its investment and MSJ would have to come up with the cash. Another challenge is that there is no rule that would force SRGE to pay down the Novamex liability either.
The best way to handle this is for SRGE to buy up all shares in the open market and allow Novamex to exercise its option to re-convert debt to equity, hence extinguishing all debt owed to Novamex. This conversion is totally possible because past transactions involving Novamex were effected at 0.00625 per share, hence if SRGE bought up all shares at 0.00625 or less like 0.001 or 0.0005, a same or better condition swap can occur.
MSJ can then purchase Cinco and other properties in an all stock deal. MSJ's stocks for SRGE's stocks.
g0nz0, think about this. The CEO/CFO death 'story' IMHO was really a diversion created. I think it's clever. We cannot know with certainty whether Davies and Johnston are really dead. The forum continued the story and the media even ran with it. The silence has tanked the stock. The monies due Novamex is not small and this has to be recovered somehow, imo because Omar Madrigal certainly is not a ghost and neither are the Mexican board guys. These guys need to recover the assets, and because debt does not automatically transfer over, it can only be reconverted to equity. MSJ can certainly assume SRGE assets in an all stock deal. This is a very feasible and legal transaction.
I wouldn't speak too soon my friend. If Novamex converted back to 100% equity and is majority owner as they had been in the past, they are shareholders. The Mexicans are not going to screw Novamex here.
LOL, we will definitely wake you up because the deal as I am speculating has to happen for reasons I stated.
Have you seen their 2011 financials?
Here it is:
http://banderagold.com/corpreports/10.pdf
Take a close look at the following:
Mineral property costs (Note 4) 13,879,087 12,296,138
Looks like capitalized costs to me which are booked as assets in the Balance Sheet, dear.
Yes, I was a bean counter in my past life.
Great Post! buybio2!!
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
The buying back of shares has concluded in my observations because the trading on SRGE has stopped as of 07-10-2014 and the price chart of SRGE has finished forming the 3 year Bullish Descending Triangle!!! NOW WE WAIT FOR THE PRESS RELEASE AND BUY OUT DETAILS TO BE ANNOUNCED $$$$ - bigmoneytrader
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Trader_NYC
Friday, 06/20/14 04:41:59 AM
*Re: *bigmoneytrader post# 163070
*Post # * of 163106
I'm pretty sure there is a new company taking over the mines!?
Minera Agave S.A DE C.V
The titles have been updated some of them dated Dec 2013!
Trader_NYC
Friday, 06/20/14 05:05:37 AM
*Re: *rockafuller post# 163105
*Post # * of 163106
http://200.77.231.71/siamweb/security/cargaAv...4118c82061
type in 221756 and scroll down, I looked through most of the title numbers and saw this new company.
Trader_NYC
Saturday, 06/21/14 04:47:51 PM
*Re: *None
*Post # * of 163149
All concession titles that are in question, that now are being mined by Minera Agave S.A De C.V and were told that liens are/were on,
Cinco Minas Area:
221756
221757
224599
224768
224770
221455
221760
224767
221866
221865
221864
Gran Cabrera Area:
205578
219941
219942
220533
220964
All of the titles have been updated to include Minera Agave S.A De C.V that are dated April 1, 2013 they are now included to start work at the mines!
http://200.77.231.71/siamweb/security/cargaAv...d38cf094c4
I also believe IMO that B*L lost any court case claiming their stake in this mines, that's why they tried to have MSJ go to court a few months back!? In all honestly there was one title number not updated 221732 and the conclusion I drew from that was the MSJ was not the original owner.
Also in this mess was "announced today that Stephen Roehrig has resigned as President, CEO and a director of B*L. B*L wishes to thank Mr. Roehrig for his 3 years of service as President, CEO and a director."
I have no knowledge what is going on behind the scenes but from the little DD that I have done I strongly believe that their is a new company mining in Mexico at these sites and that the case in over in the courts IMHO!? If anyone has any additional information PLEASE feel free to bring it to the table
so that we can discuss it!
Trader_NYC Monday, 06/23/14 04:22:22 PM
Re: EarnestDD post# 11587
Post # of 11792
Im not asking about SRGE right now, I would to receive an answer to my question about the concession titles that are on their site claiming ownership of those mines?! As of 4/1/2013 the concession's now included Miners Agave S.A De C.V as a new company getting the OK to start work in those mines. I believe that BGL should remove those concession titles from their site and release information as to why a new company is listed!? Also you keep saying their is a lien where is BGL with the court documents saying the lien still exist! It could shut up every single person who are affected by this whole debacle and settle this once and for all. GLTU
ALL IMO. ..
Trader_NYC Monday, 06/23/14 01:54:19 PM
Re: EarnestDD post# 11582
Post # of 11792
Then explain to me why every concession title on the BGL website except for one has a new company listed on it?! If they did sell or transfer them where is the PR shouldn't their shareholders know about the mines they supposedly own(ed)? I think I'll let the TSX know about this so maybe they can investigate this matter?!
All IMO...
Trader_NYC Saturday, 06/21/14 08:07:01 PM
Re: None
Post # of 163559
From the parent company of Minera Agave S.A De C.V released date April 25, 2013...
"This year is a building year for (Parent Co Name) as we prepare to bring TWO MINES into production over the next several quarters"
Not saying that their definitely talking about Cinco Minas and Gran Cabrera but the coincidence is uncanny!? They get put on the titles April 1, 2013 they there's a PR 3 weeks later
LongInvestor Member Level Tuesday, June 24, 2014 1:55:06 PM
Re: Trader_NYC post# 163160 Post # of 163559
Link to Judgement Showing Bandera Lost!
http://www2.scjn.gob.mx/ConsultaTematica/Pagi...oID=122590
I thought you'd like to see it.
Trader_NYC Saturday, 06/21/14 07:17:41 PM
Re: None
Post # of 163559
Main thing in these concessions,
"CONTRATO DE EXPLOR. MIN. Y DE PROMESA DE CESION DE DERECHOS"
"SCAN AGREEMENT. MIN. PLEDGE AND ASSIGNMENT OF RIGHTS"
Trader_NYC Saturday, 06/21/14 01:10:44 AM
Re: None
Post # of 163559
So the President if B*L resigns this week out of the blue, in the middle of a so called huge lawsuit(Lien) against MSJ (SRGE), IMO He knows what's coming and abandoned ship!
Let's go SRGE, MSJ and the new company mining at the mines
MINERA AGAVE S.A DE C.V!!
Trader_NYC Saturday, 06/21/14 01:04:08 AM
Re: None
Post # of 11792
How come this wasn't mentioned yet?!
Tuesday, June 17, 2014
BANDERA APPOINTS GOMMERUD AS CEO
Bandera Gold Ltd. (“Bandera”) announced today that Stephen Roehrig has resigned as President, CEO and a director of Bandera. Bandera wishes to thank Mr. Roehrig for his 3 years of service as President, CEO and a director.
Bandera is pleased to announce the appointment of Mr. Peter Gommerud as the President and CEO of Bandera. Mr. Gommerud has been a Bandera Gold board member since 2003. As the owner of a Foresty company Mr. Gommerud brings 35 years of small business experience to this position.
Mr. Gommerud will also replace Mr. Roehrig on Bandera’s Disclosure Committee.
On Behalf of the Board,
Peter Gommerud
President and CEO
For further information please contact:
Peter Gommerud, President and CEO (780) 465-4129
Web: www.banderagold.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Bandera at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Bandera that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements.
http://www.banderagold.com/news/news_article.asp?id=129
This is speculation on my part but the mystery buyer here is none other than SRGE itself and here is why.
Contrary to the opinions of some, the 'Mexicans' including 'Novamex' cannot just take the assets back. The assets must be purchased for a consideration. The problem here is that Novamex is 'stuck' because last year, it converted a big portion of its equity holdings in SRGE to debt. Novamex was/is a beneficial owner and a creditor. Being a creditor in this situation does not help Novamex because under an asset purchase agreement, the buyer does not have to assume debts associated with the assets being purchased. If MSJ assumed the Novamex debt, they'd have to pay for it in cash. The challenge this leaves for Novamex and MSJ is that Novamex would lose out on 200 million shares of its investment and MSJ would have to come up with the cash. Another challenge is that there is no rule that would force SRGE to pay down the Novamex liability either.
The best way to handle this is for SRGE to buy up all shares in the open market and allow Novamex to exercise its option to re-convert debt to equity, hence extinguishing all debt owed to Novamex. This conversion is totally possible because past transactions involving Novamex were effected at 0.00625 per share, hence if SRGE bought up all shares at 0.00625 or less like 0.001 or 0.0005, a same or better condition swap can occur.
MSJ can then purchase Cinco and other properties in an all stock deal. MSJ's stocks for SRGE's stocks.
g0nz0, think about this. The CEO/CFO death 'story' IMHO was really a diversion created. I think it's clever. We cannot know with certainty whether Davies and Johnston are really dead. The forum continued the story and the media even ran with it. The silence has tanked the stock. The monies due Novamex is not small and this has to be recovered somehow, imo because Omar Madrigal certainly is not a ghost and neither are the Mexican board guys. These guys need to recover the assets, and because debt does not automatically transfer over, it can only be reconverted to equity. MSJ can certainly assume SRGE assets in an all stock deal. This is a very feasible and legal transaction.
I wouldn't speak too soon my friend. If Novamex converted back to 100% equity and is majority owner as they had been in the past, they are shareholders. The Mexicans are not going to screw Novamex here.
LOL, we will definitely wake you up because the deal as I am speculating has to happen for reasons I stated.
Have you seen their 2011 financials?
Here it is:
http://banderagold.com/corpreports/10.pdf
Take a close look at the following:
Mineral property costs (Note 4) 13,879,087 12,296,138
Looks like capitalized costs to me which are booked as assets in the Balance Sheet, dear.
Yes, I was a bean counter in my past life.
Great Post! buybio2!!
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
The buying back of shares has concluded in my observations because the trading on SRGE has stopped as of 07-10-2014 and the price chart of SRGE has finished forming the 3 year Bullish Descending Triangle!!! NOW WE WAIT FOR THE PRESS RELEASE AND BUY OUT DETAILS TO BE ANNOUNCED $$$$ - bigmoneytrader
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Trader_NYC
Friday, 06/20/14 04:41:59 AM
*Re: *bigmoneytrader post# 163070
*Post # * of 163106
I'm pretty sure there is a new company taking over the mines!?
Minera Agave S.A DE C.V
The titles have been updated some of them dated Dec 2013!
Trader_NYC
Friday, 06/20/14 05:05:37 AM
*Re: *rockafuller post# 163105
*Post # * of 163106
http://200.77.231.71/siamweb/security/cargaAv...4118c82061
type in 221756 and scroll down, I looked through most of the title numbers and saw this new company.
Trader_NYC
Saturday, 06/21/14 04:47:51 PM
*Re: *None
*Post # * of 163149
All concession titles that are in question, that now are being mined by Minera Agave S.A De C.V and were told that liens are/were on,
Cinco Minas Area:
221756
221757
224599
224768
224770
221455
221760
224767
221866
221865
221864
Gran Cabrera Area:
205578
219941
219942
220533
220964
All of the titles have been updated to include Minera Agave S.A De C.V that are dated April 1, 2013 they are now included to start work at the mines!
http://200.77.231.71/siamweb/security/cargaAv...d38cf094c4
I also believe IMO that B*L lost any court case claiming their stake in this mines, that's why they tried to have MSJ go to court a few months back!? In all honestly there was one title number not updated 221732 and the conclusion I drew from that was the MSJ was not the original owner.
Also in this mess was "announced today that Stephen Roehrig has resigned as President, CEO and a director of B*L. B*L wishes to thank Mr. Roehrig for his 3 years of service as President, CEO and a director."
I have no knowledge what is going on behind the scenes but from the little DD that I have done I strongly believe that their is a new company mining in Mexico at these sites and that the case in over in the courts IMHO!? If anyone has any additional information PLEASE feel free to bring it to the table
so that we can discuss it!
Trader_NYC Monday, 06/23/14 04:22:22 PM
Re: EarnestDD post# 11587
Post # of 11792
Im not asking about SRGE right now, I would to receive an answer to my question about the concession titles that are on their site claiming ownership of those mines?! As of 4/1/2013 the concession's now included Miners Agave S.A De C.V as a new company getting the OK to start work in those mines. I believe that BGL should remove those concession titles from their site and release information as to why a new company is listed!? Also you keep saying their is a lien where is BGL with the court documents saying the lien still exist! It could shut up every single person who are affected by this whole debacle and settle this once and for all. GLTU
ALL IMO. ..
Trader_NYC Monday, 06/23/14 01:54:19 PM
Re: EarnestDD post# 11582
Post # of 11792
Then explain to me why every concession title on the BGL website except for one has a new company listed on it?! If they did sell or transfer them where is the PR shouldn't their shareholders know about the mines they supposedly own(ed)? I think I'll let the TSX know about this so maybe they can investigate this matter?!
All IMO...
Trader_NYC Saturday, 06/21/14 08:07:01 PM
Re: None
Post # of 163559
From the parent company of Minera Agave S.A De C.V released date April 25, 2013...
"This year is a building year for (Parent Co Name) as we prepare to bring TWO MINES into production over the next several quarters"
Not saying that their definitely talking about Cinco Minas and Gran Cabrera but the coincidence is uncanny!? They get put on the titles April 1, 2013 they there's a PR 3 weeks later
LongInvestor Member Level Tuesday, June 24, 2014 1:55:06 PM
Re: Trader_NYC post# 163160 Post # of 163559
Link to Judgement Showing Bandera Lost!
http://www2.scjn.gob.mx/ConsultaTematica/Pagi...oID=122590
I thought you'd like to see it.
Trader_NYC Saturday, 06/21/14 07:17:41 PM
Re: None
Post # of 163559
Main thing in these concessions,
"CONTRATO DE EXPLOR. MIN. Y DE PROMESA DE CESION DE DERECHOS"
"SCAN AGREEMENT. MIN. PLEDGE AND ASSIGNMENT OF RIGHTS"
Trader_NYC Saturday, 06/21/14 01:10:44 AM
Re: None
Post # of 163559
So the President if B*L resigns this week out of the blue, in the middle of a so called huge lawsuit(Lien) against MSJ (SRGE), IMO He knows what's coming and abandoned ship!
Let's go SRGE, MSJ and the new company mining at the mines
MINERA AGAVE S.A DE C.V!!
Trader_NYC Saturday, 06/21/14 01:04:08 AM
Re: None
Post # of 11792
How come this wasn't mentioned yet?!
Tuesday, June 17, 2014
BANDERA APPOINTS GOMMERUD AS CEO
Bandera Gold Ltd. (“Bandera”) announced today that Stephen Roehrig has resigned as President, CEO and a director of Bandera. Bandera wishes to thank Mr. Roehrig for his 3 years of service as President, CEO and a director.
Bandera is pleased to announce the appointment of Mr. Peter Gommerud as the President and CEO of Bandera. Mr. Gommerud has been a Bandera Gold board member since 2003. As the owner of a Foresty company Mr. Gommerud brings 35 years of small business experience to this position.
Mr. Gommerud will also replace Mr. Roehrig on Bandera’s Disclosure Committee.
On Behalf of the Board,
Peter Gommerud
President and CEO
For further information please contact:
Peter Gommerud, President and CEO (780) 465-4129
Web: www.banderagold.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Bandera at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Bandera that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements.
http://www.banderagold.com/news/news_article.asp?id=129
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