Ximon, it would help to understand the many reason
Post# of 9903
Posted On: 08/22/2013 2:49:53 PM
Ximon, it would help to understand the many reasons why such a dividend is impossible.
*SRGE never controlled any concessions...allegedly
*Said concessions had no proven value, and, at best 100,000 ounces of Au, at very low grades, which may not be economically feasible to mine, especially at these depressed pm price levels. (Note that there is almost no new mine development underway worldwide,)
*MSJ, even if they do now control the concessions, is nowhere to be found... and, even if the deal that was announced to take over SRGE's assets was legit, why would they compensate shareholders of SRGE?
*Also, a quick way to prove that shares are not "scarce", would be to put in an offer to buy a bunch at, say, .001, or, even higher, which would still be a bargain, were said buyout or dividend to ever happen. No doubt, sellers would jump at the chance to be rid of the albatross that is SRGE.
*Further, SRGE never had any $ to buy back shares, as they never had an ounce of production. Which meant that the ~$2.4m that they showed on their last Q was either a fabrication, or derived from dilution.
*And, of course there's the little issue of there being phantoms as exec, and no known offices phones, or email addresses.
*SRGE never controlled any concessions...allegedly
*Said concessions had no proven value, and, at best 100,000 ounces of Au, at very low grades, which may not be economically feasible to mine, especially at these depressed pm price levels. (Note that there is almost no new mine development underway worldwide,)
*MSJ, even if they do now control the concessions, is nowhere to be found... and, even if the deal that was announced to take over SRGE's assets was legit, why would they compensate shareholders of SRGE?
*Also, a quick way to prove that shares are not "scarce", would be to put in an offer to buy a bunch at, say, .001, or, even higher, which would still be a bargain, were said buyout or dividend to ever happen. No doubt, sellers would jump at the chance to be rid of the albatross that is SRGE.
*Further, SRGE never had any $ to buy back shares, as they never had an ounce of production. Which meant that the ~$2.4m that they showed on their last Q was either a fabrication, or derived from dilution.
*And, of course there's the little issue of there being phantoms as exec, and no known offices phones, or email addresses.
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