the announcement also leads me to assume that the deal is still active. We heard it on both sides within the last week.

With this information, in an efficient market, the price should go up. Not retreat. Also, there would be opportunity because of the current market price/ value of the deal is lower than it should be, imo.

reduction in risk factor depends on your assumptions prior to the PR being released.

Yes, the favorable results from the adit were "expected, and received." From links in previous posts, apparently the Chinese like them too.

The positive REE results in the SE zone probably exceeded expectations and require further investigation.

I think the risk factor in the status quo has changed (been reduced)? How do you interpret the data the was presented in the PR.

I would love to hear about your analytical process.

Do positive test results indicate a change in the probability of the deal going through?

Should this change be reflected in the market price?

past selling has little to do with a choice being made (whether to buy or sell) now. I liken it to a sunk cost.

It is a reasonable assumption to believe that the market is not giving the current situation, regarding the deal, its full credit. You are already aware of this, having purchased 1mil+ a couple weeks ago.

What was your analysis before you made that decision? Did you use numbers? If so, what numbers did you use?

Thanks.

All right!!

At least someone read my post.

I think we are in for a good week!

thanks for the insight.

I argue that this 40% drop in confidence is unjustified, based on recent information.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82243662

My guess is the market does not see this info from the link as having any value.

I believe that it shows that our potential partners are still active. I also know that in the Chinese culture, the norm is to not broadcast failure.

I think the odds are better than 1 in 3. Especially if you think that the results from the ore test were favorable.

There could be an opportunity here.

Here are some numbers:

SOE deal for 51% of Nemegosenda is 20m+12.25m= 32,250,000

This deal values Nem. at 32,250,000/0.51= 63,235,294

The market based on current market cap values Nem+ST+future opportunities at 19,886,651

So the market sees the probability of the deal going thru at >19,886,651/63,235,294= 31.45%

If you would assume, arbitrarily, that ST was valued at 5m right now, then the market would value the odds of this deal going thru at 19,886,651/68,235,294=29.14%

Of course expected future cash flows E[c] could range from 0 to hundreds of millions per year.

So, if you think the only risk to this project is lack of funds, and you think the odds of this deal going through are greater than 1 in 3, then you should buy (especially if you have a well diversified portfolio).

I thought I would post a rational appeal on this board. When was the last time someone on this board did some actual analysis?

send in the clowns.

3 cents is a lot less than the deal is worth and the deal is only for half of one property and that is excluding STRC and the fact that we started the feasibility study.

people are just weird.

we have started the feasibility study

nice fee we get

what's up with that?

He came to the same conclusions about Nemegosenda that 10 other geologists did. What do you have to say about the work of all the others?

What are you saying?

quarterly report;

SUBSEQUENT EVENTS
1) In August 2012 the Company’s wholly-owned subsidiary, Nio-Star Corp, entered into a Letter of Intent to
form a Joint Venture company (the “JV”) to finance the advanced exploration of Nio-Star’s Nemegosenda
niobium property (the “property”) near Chapleau in Northern Northern Ontario. The parties to the Letter of
Intent will enter into a definitive joint venture agreement upon obtaining approval of the appropriate
Government Agencies.

2) During July and August 2012, the Company conducted a Private Placement financing of common share
units and Flow-Through units. Each unit was sold for $0.02 per unit and comprised one common share and
one common share purchase warrant Each Warrant is exercisable at a price per share of $0.03 for a period
of 2 years. A total of 22,375,000 units were sold for proceeds of $447,500.

http://www.otcmarkets.com/financialReportViewer?symbol=SRSR&id=91915

we should also expect quarterly filings this week as well. I've been looking forward to this for a loong time.

i think ole' smokesntokes is aware of all this. i think he just stopped by to tame us savages.

jimHorse,

The typo was from the website link that I posted, not the report. Interesting chartwatch did not reply to my post, even though it was the post he was referring to.

Again, the typo was not in the report, it was from the link I posted.

I should not have been so careless and sloppy. I apologize.

birdman

Fred Sharpley BA Sc, P.Geo.

Consultant

Mr. Sharpley has over 50 years experience as a professional geologist since graduating from the University of Saskatchewan. He has ben directly involved in exploration for base metals, uranium, gold and silver not only in canada but also in Mexico, Central America and Africa. He worked for the Keevil Mining Group for nine years in exploration and mine geologist for the Temagami Mining Company. He has also assisted several junior and senior mining companies, including Detour Gold Corp.

http://mistangoriverresources.ca/cms/corporate/92-exploration-team.html

thanks web,
that website is not always easy to work with. the effort is appreciated. Looking forward to a good week.

366,648 reads lol

A little newer (Nov 17, 1999):

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66108927

Yeah, but I've been looking around and it seems Otto is in the Kirkland Lake region, just south of Teck Twp.

It seems pretty close to that Boston Creek property that was in the works about a decade ago, when Scott was at another exploration company.

i've started reading this for some orientation:

http://www.geologyontario.mndmf.gov.on.ca/mndmfiles/pub/data/imaging/B029/B029.pdf

you have to click on the individual claims to see when they were transferred to Shining Tree

hey everybody,

Sarissa just expanded their claims in Shillington Twp (Deadmoose) and STRC has new claims in Otto Twp, which is not close to Shining Tree at all.

Check out the new claims here:

http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cls.cfm?Div=80

I agree, i is definitely an affirmation that things are going to be set in motion now.

Spin-Out of STRC

A little hazy on what their plans are for the future of SRSR, and what it means for Nio-Star and the proposed JV company.

Good things I'm sure.

unfortunately, it's a typo... what they meant to say was August 7, 2012

I like the way this paragraph is phrased:

"As previously released, Nio-Star has entered into a Letter of Intent to form a Joint Venture company to finance the advanced exploration of Nio-Star's niobium property in Northern Ontario. As this progresses Sarissa also expects to be in a position to announce an ex-dividend date for the previously announced and shareholder approved spin-out transaction of its Shining Tree Resources Corp. subsidiary."

Makes me think we get this info in the same PR.

spin-out with respect to Nemegosenda. i should have specified.

spin-out news with respect to Nio-Star may go hand-in hand with the partnership.

i think it depends on what the company says. especially regarding any spin-out news.

sticky

and he redacted the license plate. thanks for the pics thefreeman

http://www.otcmarkets.com/stock/SRSR/news

I've found Gulf's historical work on our deposit cited in mining books at my local library.

ownership of the JV company, Nio-Star, or Sarissa? We still need more details as to the structure of the deal. And they refer to a stock purchase agreement, is that the "payments to Nio-Star" portion?

Million gold mining companies in Canada Sarissa Resources Inc. company niobium ore (rare) project signed a stock purchase agreement, 000 gold mining companies Canada Sarissa Resources Inc. will have a 51 % stake in the company . For the project listed in Hong Kong have laid a strong foundation .

I like where this is going!!!

It looks like the golden cross is about to happen soon (less than 2 weeks?). I see another pennant formation happening now. What do you think the run would look like if we hit the end of a pennant and saw the 50/200 ma golden cross at the same time?

Perhaps if we had those technicals hit when the news hits, we could rebuff the sell-on-news crowd? It is frustrating to get some good news from the company and see the bid weaken because of something the chart doesn't show.