First of all, the tier of SRGE, the Expert Market.
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Posted On: 05/04/2020 12:18:27 PM
First of all, the tier of SRGE, the Expert Market. This is NOT part of the Grey Market. How do I know this? Stocks trading on the Expert Market can get suspended. When they get suspended they drop down to Grey Market again. A Grey Market stock can get suspended but it will still stay on the Grey Market. For example ZOOM (now symbol ZTNO) got suspended on March 26th and got back to trading again on the Grey Market on April 9th. So, stocks on the Expert Market can get suspended and when they do, they drop down to Grey Market again.
The agreement GoGold has with the private owners of the mines, is worth around a total of $15 million. This isn't much and is somewhat comparable to what SRGE had in the beginning. They got the concession titles for these mines and as exploration company the mines were optioned also around these prices, albeit a little lower. GoGold still is exploring these mines and drilling.
They won't be making any real money out of this unless they sell these mines to a senior gold producer. Just as SRGE wanted to sell the mines to Kinross, GoGold eventually will try and do the same. Or, a senior gold producer will come knocking on GoGold's door after GoGold is done exploring and offer GoGold a huge amount of money for the mines.
On the other side, we have Ihub bashers who kept insisting SRGE was a scam and didn't have any mines. These same mines are now in the hands of GoGold Resources. Why isn't anyone from the Ihub basher team complaining to GoGold Resources that these private owners of these mines are scamming them? GoGold was at 20 cents and on the regular Grey Market before they got these mines. Now they're at 52 cents and on the OTCQX International tier. And this is all because of the Los Ricos/Cinco Minas mines which were SRGE's before. Ihub bashers robbed SRGE shareholders of money and they know it.
Even with all of this going on, the SRGE shares are still being bought, even after 7 years! The million dollar question remains: who is buying these SRGE shares and why?
The agreement GoGold has with the private owners of the mines, is worth around a total of $15 million. This isn't much and is somewhat comparable to what SRGE had in the beginning. They got the concession titles for these mines and as exploration company the mines were optioned also around these prices, albeit a little lower. GoGold still is exploring these mines and drilling.
They won't be making any real money out of this unless they sell these mines to a senior gold producer. Just as SRGE wanted to sell the mines to Kinross, GoGold eventually will try and do the same. Or, a senior gold producer will come knocking on GoGold's door after GoGold is done exploring and offer GoGold a huge amount of money for the mines.
On the other side, we have Ihub bashers who kept insisting SRGE was a scam and didn't have any mines. These same mines are now in the hands of GoGold Resources. Why isn't anyone from the Ihub basher team complaining to GoGold Resources that these private owners of these mines are scamming them? GoGold was at 20 cents and on the regular Grey Market before they got these mines. Now they're at 52 cents and on the OTCQX International tier. And this is all because of the Los Ricos/Cinco Minas mines which were SRGE's before. Ihub bashers robbed SRGE shareholders of money and they know it.
Even with all of this going on, the SRGE shares are still being bought, even after 7 years! The million dollar question remains: who is buying these SRGE shares and why?
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(0)Southridge Enterprises Inc. (SRGE) Stock Research Links
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