I would like to continue on my post 7836 in which
Post# of 9903
Posted On: 04/25/2016 5:28:26 AM
I would like to continue on my post 7836 in which I did a comparison
valuation of PHOT and SRGE. PHOT is valued at 10 times their assets and SRGE much less, while SRGE had assets worth 30,705,471 $. Also, I'm going to provide a valuation of SRGE as it is right now without purchasing details of the senior miner.
Suppose there would only be an asset purchase agreement between SRGE and MSJ without any senior miner involved, how much would the SRGE share price at least be right now?
This can be calculated with common sense. If I have assets worth 30 million I will only sell these assets if I get at least 30 million in return from the buyer. As the last press release by MSJ did not provide purchase details, what would SRGE be worth right now without the price a senior miner would have to pay?
How much would SRGE ask at least from MSJ? It would be the value of SRGE's assets or assets minus liabilities.
In the last financial report of SRGE we see this in http://www.otcmarkets.com/financialReportView...p;id=96742 :
Total Assets=30,705,471 $
Total Liabilities=13,173,116 $
On the link http://www.otcmarkets.com/stock/SRGE/profile the outstanding shares are: 545,874,868
SRGE share price according to their Total Assets = 30,705,471 $ / 545,874,868 shares = 0.056 $ = 5.6 cents
SRGE share price according to their Total Assets minus Total Liabilities = 30,705,471 $ - 13,173,116 $ /545,874,868 shares = 0.032 $ = 3.2 cents
So the SRGE share price at this moment should be between at least 3.2 cents and 5.6 cents according to their assets/liabilities when there's no senior miner involved. No matter if we go left or right, the fact remains that when you purchase something you give something back in return and we arrive at pennies.
In the case of a total takeover by a senior miner, the purchasing price would have to be above 20 cents (26 cents I posted in my post 7717) and this also depends on the price of silver/gold. If silver/gold goes higher, the purchasing price goes higher as well. In the case of just an asset purchase agreement without any senior miner involved, the price should be between 3.2 and 5.6 cents which is what the price should be right now.
In both cases the SRGE share price is worth multiple pennies.
valuation of PHOT and SRGE. PHOT is valued at 10 times their assets and SRGE much less, while SRGE had assets worth 30,705,471 $. Also, I'm going to provide a valuation of SRGE as it is right now without purchasing details of the senior miner.
Suppose there would only be an asset purchase agreement between SRGE and MSJ without any senior miner involved, how much would the SRGE share price at least be right now?
This can be calculated with common sense. If I have assets worth 30 million I will only sell these assets if I get at least 30 million in return from the buyer. As the last press release by MSJ did not provide purchase details, what would SRGE be worth right now without the price a senior miner would have to pay?
How much would SRGE ask at least from MSJ? It would be the value of SRGE's assets or assets minus liabilities.
In the last financial report of SRGE we see this in http://www.otcmarkets.com/financialReportView...p;id=96742 :
Total Assets=30,705,471 $
Total Liabilities=13,173,116 $
On the link http://www.otcmarkets.com/stock/SRGE/profile the outstanding shares are: 545,874,868
SRGE share price according to their Total Assets = 30,705,471 $ / 545,874,868 shares = 0.056 $ = 5.6 cents
SRGE share price according to their Total Assets minus Total Liabilities = 30,705,471 $ - 13,173,116 $ /545,874,868 shares = 0.032 $ = 3.2 cents
So the SRGE share price at this moment should be between at least 3.2 cents and 5.6 cents according to their assets/liabilities when there's no senior miner involved. No matter if we go left or right, the fact remains that when you purchase something you give something back in return and we arrive at pennies.
In the case of a total takeover by a senior miner, the purchasing price would have to be above 20 cents (26 cents I posted in my post 7717) and this also depends on the price of silver/gold. If silver/gold goes higher, the purchasing price goes higher as well. In the case of just an asset purchase agreement without any senior miner involved, the price should be between 3.2 and 5.6 cents which is what the price should be right now.
In both cases the SRGE share price is worth multiple pennies.
(4)
(0)Southridge Enterprises Inc. (SRGE) Stock Research Links
Scroll down for more posts ▼