$SRGE is moving again...
I just cleaned all the sticky notes and consolidated them here for now.
By Nightfly...
https://investorshangout.com/post/view?id=5756989
https://investorshangout.com/post/view?id=5756136
https://investorshangout.com/post/view?id=5752551
By Gator11
https://investorshangout.com/post/view?id=5752632
I just cleaned all the sticky notes and consolidated them here for now.
By Nightfly...
Quote:Just to follow up on this post 8880 (read that one first). The other party who's working against Abarca is Eduardo Gonzalez Arciga. This is a new name and popped out of nowhere on the concession titles since May 30 2017. So the court case is taking 3 years already. I mentioned that nothing could be done with these mines until that court case settled. Well, according to Charly22's information this court case is still ongoing. So I agree that this deal the private
owners of the mines had with GoGold should not have continued and does not look legal to me. They should have at least waited until this court case had finished and then made their move.
According to post 9508 the points 3,4,5,6,9, and 10 could make the deal the private owners of the mines had with GoGold null and void in the future. This looks somewhat the same as BGL going after the mines in court while SRGE was operating the mines. Something always happens while operating these mines. Because, if point 9 of post 9508 is true, then GoGold will lose the contract and the mines in the future. It will be interesting to see how this develops and if GoGold can maintain these mines.
https://investorshangout.com/post/view?id=5756989
Quote: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?
https://investorshangout.com/post/view?id=5756136
Quote:Cesar Octavio Iñiguez Abarca is the original concession title owner. If he's in court against the other party, then the other party must be the other previous concession title owners (SRGE/Novamex, the other previous title owners who also had the surface rights to the mines) who made a deal with GoGold. As GoGold never had a deal with MSJ it means that the last press release SRGE sent, in which MSJ took over the SRGE properties did not go through/did not happen. If the court case between Abarca and the other party continues then normally such a deal with GoGold can't happen either. The court case needs to finish before these titles can be explored by a mining company. I also don't understand why these Mexicans can't ever make a deal together instead of endless fighting in court. They must be the worst business men on the planet.
https://investorshangout.com/post/view?id=5752551
By Gator11
Quote:Carlos221 Thursday, 04/30/20 01:42:04 PM
Re: None
Re: None 0
Post # of 167779
1.- Gogold says he acquired the mining titles of properties that "belong" to Southridge.
2.- Gogold acquired these titles from a private seller named Cesar Octavio Iñiguez Abarca.
3.- Cesar Octavio Iñiguez and the titles are on trial, fighting against another individual.
4.- The mining titles have a "preventive annotation" to inform the existence of the trial and avoid defrauding people.
5.- The trial continues until this moment.
6.- Cesar Octavio Iñiguez and Brad Langille bribe officials of the Public Registry of Mining and titles are issued to Cesar Octavio Iñiguez without the preventive note.
7.- Cesar Octavio Iñiguez and the subsidiary company of Gogold in Mexico celebrate a contract.
8.- Gogold makes a lot of money.
9.- The collegiate court of justice in Mexico determines that the Public Registry of Mining issued titles irregularly and ordered to cancel them and inform the agent of the public ministry.
10.- Gogold's contract with Cesar Octavio Iñiguez is based on titles obtained irregularly.
https://investorshub.advfn.com/boards/read_ms...=155357341
https://investorshangout.com/post/view?id=5752632
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