Here's what I think went on. I think Barnett re

Here's what I think went on.

I think Barnett represented himself to the Renberg brothers with a plan to somehow try and steal the mines from MSJ - from the start.

It would have been just pure and simple common sense for BGL to do some simple DD checking that Barnett was either still listed as a Director of BGL - on official PUBLIC Mexican sources, or was an officer of BGL or had the authority to sign any contracts on behalf of BGL. I cannot believe that if BGL was unaware who Barnett was, that they would not have carried out that simple verification process at the start.

I believe Barnett fell out with the management of MSJ in some way and left for that reason. Maybe they just realised he was plain and simple not what he made himself out to be when he joined BGL.

So then he hatched a plan to get the mines. I believe he was behind this whole thing from beginning to end.

So in my view the plan was first to get control of the company through the Mexican courts. Unfortunately, they failed. That was fortunate for us. BGL kind of shot themselves in the foot with the whole premise of their arguments in the Mexican courts - that the contract was valid when as in reality Barnett had already left the company.

I'd guess it wasn't too hard for the Mexican courts to decide that because Barnett was not an employee of MSJ at the time he signed the contract with BGL that he contract was clearly invalid and flawed from the moment it was signed.

Ok so meanwhile, while this was going on MSJ's strategists then decided to actually move ownership of all the mines at Cinco Minas and Gran Cabrera to SRGE to protect them from any judgements that might be issued against them in the Mexican courts while the case was ongoing. However, they were still interested in selling a 60% share of the mines. I'm puzzled as to why they only ever wanted to sell 60% but maybe we might be able to ask someone from the company ourselves one day. Tumi stated quite clearly that the reason it handed back its 60% share was because they wanted the whole 100%.

So SRGE continued to produce drilling reports, produce gold, publish assay reports and so on while still negotiating to try to sell the 60% share.

I would not be surprised if Bandera Gold themselves put Kinross up to entering into a contract to also buy the same 60% that Tumi had owned. I also note that someone here noted in a press release on BGL's website that they acknowledged that SRGE/MSJ had probably been producing gold in Cinco Minas the whole time this case had been on going. I'm glad about this as this means local people have still had work and been able to survive. (I'm sorry, I do not remember who posted that.)

As I have been informed by an extremely reliable poster on this board - Kinross never had any intention of actually paying the $550-$650m (we do not know what the exact figure of the contract was). Instead it turned out they were also trying to steal the mines by buying up 75% of the outstanding shares of SRGE to effectively take control of the company making any takeover of SRGE by them unconditional - giving them control and ownership of Cinco Minas and Gran Cabrera.

SRGE found out about this plan and released the news that they had signed with Kinross early knowing it would create a run on the stock for the 20 cent dividend that SRGE had said it would pay shareholders.

That prospective 20 cent dividend should have moved the share price up to $2.50 quite comfortably in my view based on cash in the bank, price earnings ratio and so on as a simple fundamental valuation of the company not to mention the actual resources they had already identified in the mere 20% of Cinco Minas they had explored so far.

By that time Earnest and his crew were already a permanent fixture on the SRGE board on Ihub. I guess they were installed there by BGL as a kind of multi pronged attack to knock the share price down as low as possible to hoard shares and try and take control of the company that way or to drop the share price low enough to just crush the company if they didn't win the court action. I'd guess it was people working for BGL that got SRGE suspended by the SEC when Kinross denied that they had signed a contract. So SRGE ended up on the grey sheets and the price crashed down to 0001 where it stands today.

Kinross in reality had no plan to pay hundreds of millions of Dollars for the 60% share ever. So I'd doubt they had made any approaches to financial institutions to borrow that kind of money. Nobody would ever lend that kind of money to a junior mining company. So Kinross clearly planned to steal the company from the start.

Back to SRGE. Meanwhile, I believe that to allow their convertible note holders to exercise their right to convert their debt into shares they also wanted the share price to be as low as possible so that the shares could be bought as cheaply as possible. To do that they simply called off Momoraptor from posting anywhere. If you look at his posting history you can see very clearly that he has not posted anywhere since 25th February 2013. I checked on Ihub Yahoo and Raging Bull at the time. His posting history stops dead on that day.