Sarissa Resources Inc (SRSR)

[es1]

Well. Look at it this way. The other niobium play that is constantly being compared here has been reported to need hundreds of millions to become a real producer. Why would SRSR be any different?

The only thing they have For cash is Dan and he does not have the money to create a functioning mine.

That means share dilution is the only way to go.
As it stands srsr will be reverse split at 35:1. The divi will be given and if they are lucky they will get a pps near $1. Then the sell off will begin. When the dust settles the pps will be around .50 and then the market will decide where the pps should be based on fundamentals which dont exist.
So we will have the exact same company with the history of failuer hidden in the past.

That is when the dilution will begin. Depending on what they spend the money on and what they get for it will decide if the pps will go up or down.

That is the tipping point. The company has a record of not spending money wisely. If they continue as they have they will have a billion shares long before the have a working mine.

So yes dilution is going to be an issue. Imo people should sell out of srsr the day before the record date of the divi and buy back in about 10 days after the RS is effective.
You do not have to hold srsr shares to own niostar shares. You will be told you wont get free shares if you sell out before the record date but the shares wont be free ay all.
If you have $10k in srsr then you will have $10k the day of the split and a bag full of worthless srsr shares
Sell that 10k worth when the suckers are buying for freebies. Take the $12k you get and buy 10k worth of niostar when all those "free"shares are dumped after the rs and when the pps recovers you will have $20k in niostar shares and $2k in cash.
You will also get $3k in write offs for the srsr bag you sold for a "loss"

JMHO