Well after 5+ years I am selling my 500,000+ shares if anyone wants to add to their position. I have learned that all the quality rocks in the ground are nothing until they are processed and sold. I wish all of you good luck and good fortune, with SRSR, but without a change in management, and some real movement towards an operational mine I think this stock is done for

pichlero@gmail.com Here you go

I am thinking the shareholder group may be the only action available/left for us to get something moving. I assume, from the tone of Dans posted email, that he and the rest of management are at odds, can not agree on anything, and he needs the backing of the shareholders to move forward. I am concerned if the shareholders do not pull together, we will have a nice tax write off next year when SRSR goes down the drain.

Anyone have a comment on the company not paying the fee to keep its web site running. Is this stock done for and we just don,t know it?

Maybe the world price for RE's has something to do with the lack of movement. We do not know what it will cost to mine/produce the minerals SRSR has in the ground, but if the money men we need to move forward are worried about future returns by China controlling the price than movement will be a long way off. Moly crop maybe a sign off the times

http://money.cnn.com/2015/06/05/investing/molycorp-china-rare-earth-minerals/index.html?iid=SF_LN
Interesting news report

I like the caption OWNER Guess there must be other RE's there also

I guess from the way Merle answered the question - there has been no major work because if there was he would have inform the share holders

The words below are from a recent news release concerning the China Central Bank. The Bank is having its own economic problems and that has a direct link to lending. (I.E. Money is what is needed to close this deal.)
Think outside the box folks - the money may not be there to close the deal. All the talk of bad management, reports, what ever is just talk. Follow the money and you will see why the deal is taking a long time to close.


"These tight conditions and high rates over a longer period can easily derail lending activities across the country while potentially putting a number of financial institutions at risk and sending the economy into a tailspin.

Read more: http://soberlook.com/2013/06/chinas-central-banks-inaction-can-have.html#ixzz2WlEQLcUj";

After reading your last post I missed that Changsha was a sub of China Minmetals Pulled the following from the web.

Changsha Research Institute of Mining & Metallurgy, through its subsidiaries, engages in research and manufacture of abrasives, metallurgy materials, and hard materials including electrolytic manganese, ferrite core, catalyst alloy, synthetic diamond monocrystals, diamond products, nickel hydrate, and lithium cobalt oxide. The company operates in four divisions which are mining, beneficiation, metallurgy, and material. Changsha Research Institute of Mining & Metallurgy was founded in 1955 and is based in Changsha, China. As of October 26, 2009, Changsha Research Institute of Mining & Metallurgy operates as a subsidiary of China Minmetals Corporation.

Tightly held is right zero sold for 3/4 of the day

You know we can go on forever talking about shorts, Scott is good, Scott is bad, China pulled out of the deal, talking about what was in or out of the PR and so on.
But the real discussion should be - will it cost more to process the RE’s in the ground than what the market will pay for the processed material.
That profit number is what we are banking on to have a great return on the investment dollars we have in stock.
Until someone determines that it is worth setting up the equipment, digging up the material, processing it and selling it we will be in the .02’s.
For me it is worth waiting to find out. I am sure the wait time for each investor is different, but for me I think I am in for another year or so.

In the past Merle sent out an email message with this sort of news. I.E released the info at the same time to stock holders and the press. Why not this time?

is there a date of the news release?

I agree with your post and your statement that” They're about determining optimal methods for extraction of the minerals.”
However the extraction method will be one of the major cost drivers (i.e. how the plant is designed/built).
The problem I am having is will the cost of production based on PR published percentages and the selected material extraction method equal a profitable mine. I am not sure anyone has this answer, but I will keep the shares I have now and see what happens in Feb.
GO SRSR

wish they had
Meteorite rocks have gone for $500 per gram and if the rock was big enough it might have open the pit and done all the site work for free. processing would start sooner
just kidding have a good weekend

some good points I am going to wait for a few more folks to drive the price down, before I jump in with both feet.
would like to cost average some that i picked up at .06 a while back

thanks that helps
in my 1 million share example the share dilution would be 5 million total shares. Not sure if that is a good thing, but at least there is a stated limit.

I have to ask a question and hope someone on the board is smarter than me concerning the dilution
for talking purposes only - lets say there are 1,000,000 shares of which 510,000 shares will be owned by SOE and 490,000 shares owned by "the company"
Will someone do the math to how many shares can be issued before the 20% limit is reached.

That's not the way I read it. The exclusivity period has been extended (i.e the period that SRSR can not go out and try to cut a deal with someone else.)
SRSR can only deal with the SOE until Feb. 2013
If the SOE and SRSR want to close the deal today or anytime thru Feb they can at anytime.

and that would be because????????

Based on all the data from last week and the days of the week PR's are released Thursday was the day. Lets see if the pattern holds true

I was thinking about all the replies concerning the “target date’ and “PR” the past month on this board and looked back over the past 8 years and the public traded company I work for. It purchased 10 + businesses and has been sold twice to other companies, and each time an announcement came out outlining the pending transaction and a completion target date mentioned. There has not been one time the target date has been met; in fact the last target date was missed by over a year due to government bureaucrats and the speed at which they do not move and the political climate at the time. I do not wish SRSR a year delay in closing this deal, but understand what Scott and the management team has to push thru to complete all the tasks.
GO SRSR

I will get even more defined after crunching the numbers to determine the average of a set of random numbers, discussing the findings with "binders of women" and folks from the swing states of Ohio and Iowa that an announcement will be made during a 24 hour period of one of the 7 days of the week.
GO SRSR

My Power Ball ticket was not the $337 million winner last night, so I have better odds going long with SRSR. Have been here for a few years and waiting for the stock to hit $ ranges Go SRSR

the following is the best google can do with the translation of the article in the link

The morning of July 15, Douglas Scott Keevil, Sarissa Mining Corporation of Canada chairman and general manager of MCC mining investment consulting firm, Ye Hua, visit to the treasure Ridge Iron Ore Company. Deputy chief engineer of the Corporation, Technical Center, director of Chun-Feng Liu, party secretary will treasure Ridge Iron Ore Company, general manager Zhou Qikun accompanied.

The Zhou Qikun First will treasure Ridge Iron Ore Project, project progress and development planning made ??a brief introduction to the guests. scott, chairman of the company projects the achievements of highly evaluated, and the Sarissa mining companies, and hopes that both sides to strengthen exchanges in mining development, technical cooperation and other areas. At the meeting, combined with the current international mineral resources situation, the two sides on the mining technology, equipment, the introduction of detailed exchanges. Subsequently, the Expedition line to the company's dispatch center, the workshop in crushing, screening and pre-selection workshop, the main factories and other places to visit.

It is understood that Sarissa mining company located in Ontario, Canada, is a super-large niobium ore zones over sixty-five million tons of proven resources, world ranked in the top three. The resource occurrence of shallow mining by open pit mining. At present, is seeking domestic economic and technological strength of the mining companies in resource development and technical cooperation. Belong to rare metal niobium, inhale, corrosion-resistant, superconductivity, monopole conductivity and strength properties at high temperatures, the application of high-tech industries including electronics, precision ceramics and precision glass industry, electro-acoustic optical devices, carbide, aerospace and electronic industries, biomedical engineering, superconducting industry, special steel and other industries. (Po Ling iron ore declared: Wang Hui Chao Yu You Hui)

http://resourceinvestingnews.com/40315-chinas-rare-earth-policies-up-for-investigation.html

interesting new article

Guess we best delete the photo on this site also

sorry - bad humor at the end of the day. see my last post about the owner of the truck/company. local contracting service.

http://www.northernhaul.com/pres_bio.htm
here is their web site - same logo on the truck

I assume with the driver side front tire flat and the general rust it is not a good sign of folks with large sums of money

Tongue-in-cheek statement

I almost do not want to mention the short's but their action at least made the charts change

thinly traded is an understatement today
zero shares at midday

MERLE GOERTZ
INVESTOR RELATIONS
mgoertz@joshuagoldresources.com

From the Joshua gold web page
Asking Merle should cover both companies now

I did
Some interesting points highlighted in the email

I was thinking this weekend and would like to toss an idea out to the group. There have been a large number of posts dealing with the delay of information concerning financing, spin outs, etc.
Could all of the delay be an environmental permitting issue? Maybe no one will close the deal without guaranties that mining can actually happen without approved/issued environmental permits to move forward.
Just an idea, but not sure if this has been discussed before.

My hope is the 2 spin out's will be near term money makers and SRSR is still the long term play. Who knows SRSR will just keep adding claims, develop them, spin them out, and so on.
Seems to me a nice future for all of us.

So with all of the posts of an empty shell or not I am confused.

So I will provide the following example:
--- Assume you hold 1,000,000 share of SRSR at the time of each spin out
--- Shining Tree spin out is 1 for 25 (just a ratio for this example)
--- Nemegosenda spin out is 1 for 25 (just a ratio for this example)
--- Deadmoose is still an asset after the spin outs complete

At some time in the future I will be holding the following:
1 million shares of SRSR with its Deadmoose asset
40,000 shares of Shining Tree (or the company name at the time)
40,000 shares of Nemegosenda (or the company name at the time)

Is this a correct way of looking at it? Open for comments

I agree - the delay was to acquire more land. As a wholly owned sub they may have had better or more flexible negotiating terms than trying to acquire land under Sarissa after a spin out