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Good for me, bought some more below 2.7.
I think it should have direct impact on PPS (SRSR at the moment). NS belongs 100% to SRSR, whilst new JV only 49% to NS.
But it is not written that 20 M will be deposited to the JV (only), it says
"...depositing to the JV and Nio-Star[color=red][/color] twenty million dollars..." I am missing the key how 20 M $ will be divided between these two companies? Or is it a misprint and meant only the JV ?
Niostar, with its own nice name, will be likely doing other exploration activities, other metals exploration, as Nemegosenda property will be served only by new JV...
I think we still miss some deeper analysis what will and may happen in the future after creating JV, and relationships among new JV, SRSR, NS....
Pretty long time, a falling knife since its highs, based on one negative article... The trend unfortunately may continue till potential news...
Not sure if I read well, so any comments are greatly appreciated. Sorry for my being so ignorant...
"Upon signing the definitive JV Agreement, the SOE will have the right to earn 51% of the new JV Company, with Nio-Star retaining 49%. "
Does that mean that the brand new company f.i. First Canadian-Chinese niobium mining is going to be formed? If yes, then they will issue their own new shares?
"the SOE will fund the advanced exploration of the Property to produce a Bankable Feasibility Study (the “Study”), by depositing to the JV and Nio-Star twenty million dollars (CAD$20,000,000).."
It does not say the key how 20 M will be divided between the JV and Niostar (in case first par above is valid...)
What will/may be the direct impact on existing SRSR shareholders? Pls all scenarios, not only the positive...
We are waiting for detailed sample analyses sent to China (allegedly several days on the place already), and then again for approval of chinese authorities.
Likely technical problem...
Looks like the origin, esp. of the second article, came from some contributor from here. Good work.
If this was as you describe, do you think a realistic offer from chinese partner 1-5 $, as I mentioned as not much likely? Of course, it depends on the stage of development...
But shareholders of chinese part will have simple majority, so they will vote as they want? Or is it qualified (f.i. 60%) majority necessary?
If there is a buyout, we can certainly forget our dreams about PPS 1-5 $.
As Web thru chinese translations indicated before this announcement about parties stake likely 49:51, not having been sure about translation correctness, whilst most of us relied on 51:49. What are the major threats arising from chinese majority for us, shareholders? I am not sure if the Chinese will do all the steps beneficial for shareholders, but mainly for the Chinese government. Any fair ideas, either positive or negative, likely or rather theoretical, but yet possible?
Maybe this was also one reason of yesterday´s drop, not just another delay until the end of Feb.
Everybody was counting the disclosure would cause big PPS increase. In a piece of my mind, I was worried and had kept my pretty frequent experience that in these cases the impact would be quite opposite the expectations, and that proved to be true again.
Sea transportation would last ca 1.5 months.
Come on, most of holders here if they sold 2 days ago, the price would be close to zero...
Open and true words.
DMBAO, have you officially submit the proposal of your group of investors to Scott, as you mentioned in one of your older contributions?
I am just buying some shares for my friend. 3.63 c seems good entry price, hope the order will be completed, now just about 50k has been realized...
I have enough shares now, and want to invest just relatively small amount of funds I spared since my last buying between 0.015-0.020 in summer. So, if (positive, let´s hope) news is released, I am satisfied, but if the price drops significantly which is also not impossible, then I will enjoy potential higher profit. Just a matter of approach, I don´t risk anything, just a play...
I am waiting for getting better price, something around 3 c would be sweet. If there is no news soon the price will get there I believe.
So let anybody with heap of money comes in, he will be welcomed... Not that many at the moment, unfortunately.
I would be careful with that statement. We are in pinkieland, and you could see hundreds of stock dropping like hell, especially on vague disclosures like this stock did. I am in a bit, remember the wild run when pumpers drove the stock to 2c+ in 2010, but you see how deep the stock went afterwards...
Nennwert, I did not intend that my remark should have anything in common with you. Just read ElohimPerazim´s post and did not investigated its history... Show some sense of humor...
Just making fun. The German potential investor with deep pockets...
Today, they all jumpoed in, did not you notice?
The better for Chinese, the worse for shareholders...
Nennwert, I know what you mean. But without a merger/JV SRSR is in the situation it cannot move forward. As DMBAO, financing is the most important (having the ore).
Of course, JUST, nobody takes it as granted in advance, just as quite likely it will pass.
Come on, I don´t live in US, just in former Eastern Europe, and we have had these deadlines for ages, even in tough communism here...
Noone is happy that all takes so long, I f.i. used the drop for further buying, just yesterday half of total volume, 150k shares, planning to buy 300 k more, if price is so low. Oooh, how many times did I do that... So, both the way up or down is OK for me...,
Even Chinese government must have legal deadlines. So, maybe they raised an objection or asked for explanation/further documents, and then deadline prolongs again for some further legal subdeadlines since submission new documentation...
Thanks Web, in SRSR case I always tried to buy lows, not selling anything. But my post was on another topic, and at the time I will not come back to it, as it´s been discussed at any place of this forum.
Time may be viewed in different way, but in this particular case was clearly Sep 30, so only one for all. Word makes a man. Not to care what was written or said, is a moral hazard, with a company as well as with his name and CEO position. If Scott´s nature is like that, it is better not to say anything then (but it also is not good...).
For a friend of mine, who´s been hesitating for 2 more years to jump in on my advice, it may mean a fortune as he decided to be in today. From this point of view, I am happy about the price drop also...
Dmbo, i beg to disagree. Projects are realized in time. And time matters, as all of us live within it. Thats how business works, and thats correct.
I am using this opportunity to buying, having new funds. I am SRSR and Scott supporter, but as many here, I think he made a childish mistake in wrong and unfulfilled "targetting". It is just matter of proper wording. Target is something like plan, or budget, but unlike budget, Scott was not forced to make it tight, by Sep 30. The market reaction showed to any possible explanations it was understood wrong, how it was understood in a very simple straightforward way. As this was not the only undelivered target or intention, Scott should be more careful about what he announces, he is getting minuses for his managerial ability. The drop in price is not worth for these silly mistakes...
Flying today again, this stock can run like hell, now only 9 M O/S avaiable after the R/S.
Solid continuous movement upwards, I wonder what will tomorrows shareholder´s conference bring to us.
Not against, let´s have it running.
The run, like in 2010, somewhere to 0.02+ could be nice, but is it possible, supported not by mass hysteria, but the stock´s fundaments or projections?
Sorry, but this does not look like Merle´s style...
I am also long, but I just wanted to point out on your messages here and on all other boards around which may look a bit childish (90% probability of issuing news yesterday, etc etc), not supported by facts or reality, reminding me classic pumping the stock. I and most people, at least I hope prefer a good quality DD we believe in, rather than emotional cries. Sorry, but less is often more...
I am thinking about it too, yet not being much happy the disclosure has not come out yet. I even thought Scott would surprise us by a bit earlier issued PR. Levels below 0.02 were much more attractive for buying more, will see, maybe some of my friends will invest.