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Nice day to add for 2bits/share
Good find! Did you send this to Merle?
Fire? That's a bit harsh don't you think?
I would say we all book reservations at the Nemegosenda Lake Lodge.
What? A company with more important things to do than update their website. :0)
I know, it's a minor point, but I'm tired of seeing the Waiting for the 43-101 report on the Nemegosenda blog.
Speaking of posting facts, I wish Sarissa would update their website. Oh well, I already emailed Merle and he said they would update the site, but just not in the time frame I would expect.
Remember, we want to stay within Red's channel. A nice orderly ascent.
My thoughts about ask slapping and being #1.
1. Whenever there is a call for people to limit their posts to keep us out of the Ihub top 15, the people that seem to stop posting are the longs who have been here a while, which has the effect of lowering the quality of the posts overall. We need the longs to balance the traders that are talking about candlesticks and charts instead of reading the excellent DD that is posted here. I'm not saying I don't appreciate the TA, because I do enjoy it. I'm just saying that I know several here that have said they came here to flip and became longs after reading the DD. In my view, the real merit to limiting your posts is that the posts with good DD are easier to find. And, when the traders inevitably come here, maybe they get the impression that this is not the usual tramp to use and abuse and then never call again.
2. I believe it is more the chart that speaks for itself and attracts the traders. People see the tweezer bottom and see the MACD steps, Willie below -80, things like that, and that's why they in turn show up on this board to talk TA. I went through and gave person marks to everyone on this board that had been posting about Sarissa before I came along. A couple days ago, pretty much every poster was a person mark for me. I see quite a few new names today. Some have been here a long time and just don't post too often, while the rest it seems are here because our chart is showing signs of reversal.
3. While I agree that the goal is not to be #1 on Ihub, because it could potentially attract the daytraders, I believe it is a futile effort to stop it. I check the top 15 daily, and we are never not in the top 15.
4. As for ask slapping and bid whacking. On a 5000 share lot, the difference between a .088 bid and a .09 ask is .002, which amounts to a whopping 10 bucks. I always bid at the ask on a 5K lot, and I often place my bid ABOVE the ask when I'm buying more than that. Otherwise, you risk a partial fill, and then have to modify your order and ultimately may have to cancel and replace your trade and pay another commission.
5. Lastly, we should be #1 on Ihub, because Sarissa is probably the best chance to an early retirement out there. We have the #1 Niobium deposit in North America, we have a 1st rate CEO, ZERO dilution, and some of the best posters on Ihub. We have none of the scandals and pumping that plague some of the eukaryota stocks. So, I would say to quit worrying about being #1 and worry instead about making good posts with good DD, so that the newcomers might become longs.
That's awesome. I wish I would have known about Sarissa back then.
*Don't I wish
Quit trying to twist this out of context
July 9th PR said that Phase 2 drilling had already started.
My question is where did they get the money to do this?
I also noticed the MACD appears to be pointing towards a reversal. The steps are getting smaller.
From the NI report on page 48.
Speaking of financing, does anyone have any insight into how this is being funded or financed?
From the NI report recommendations on page 48.
Diamond drilling: Extension of the Sarissa 2008-09 Program with 50 m.
step-outs: ‘D’ Zone:
Approx. 6 holes @ 300 m. each @ $100/m ……………………….$ 180,000.00
Over the ‘S.E.’ Zone: 2 holes @ 300 m. ea….600 m. X $100/m … $ 60,000.00
Per the July 9th PR, this drilling has already begun, along with further drilling at Shining Tree and metallurgical studies as well.
Merle,
I was wondering if Sarissa planned to update the blog for the Nemegosenda Project, since the most recent post is still the May 28th post entitled "Working on the 43-101 Report."
The About Us section could use some updating as well.
"Sarissa Resources is currently conducting an exploration/confirmation program on its wholly-owned Nemegosenda Niobium property in Chapleau, Ontario, where historic work, including extensive drilling and bulk sampling, has outlined an ore body containing 20 million tons of 0.47% Nb2O5 material (non-NI 43-101-compliant) in the main D Zone, and identified a 2nd area, the SE Zones of approximately 1200 metres by 500 metres."
This needs to be updated by changing the D zone reference to the Hawke Zone, as well as updating the size of the outlined ore body and that it is now NI 43-101 compliant.
One last suggestion. It has been 18 months since Scott posted a Letter to the Shareholders. He is the reason why I'm an investor in Sarissa, and it would be nice if he would be willing to provide us all with an update.
____________________________________
Everything is out there so I don't what we could say to update the situation. We're going to update the website.
Thanks for your support,
Merle
The company website was updated today. I noticed a new posting today on the News section where they just added the NI report from a week ago.
Also, I know that we shouldn't expect a new PR from them, but can we at least get them to update the blog? http://nemegosenda.sarissaresources.com/
The last post is still the May 28th, 2009 post "Working on the 43-101 Report."
Speaking of updating, the About Us section needs to be updated, too.
"Sarissa Resources is currently conducting an exploration/confirmation program on its wholly-owned Nemegosenda Niobium property in Chapleau, Ontario, where historic work, including extensive drilling and bulk sampling, has outlined an ore body containing 20 million tons of 0.47% Nb2O5 material (non-NI 43-101-compliant) in the main D Zone, and identified a 2nd area, the SE Zones of approximately 1200 metres by 500 metres."
They need to update that D zone reference to the Hawke Zone, and they should up the outlined ore body and mention that it is now NI 43-101 compliant.
I know they are busy, and these are minor "quick fixes," it's a minor issue for me, but I do think they should update the website.
PLEASE NOTE: Joe Anthony Padilla of Scottsdale Capital Advisors has no input into the content of this report.
(I'm posting this in the interest of understanding what impact the Skymark coverage had on Sarissa.)
Scottsdale advertises # Strong market making representation
Get fast trading executions with strong market
making representation at an efficient cost.
To open up an account, please contact JOSEPH ANTHONY PADILLA
2782 Gateway Rd,
Carlsbad, CA 92009
Email: Joe@scottsdalecapital.com
Office: (888)653-8110 or (760)448-1800 ext.203
Mobile: (760) 580-0244
Securities offered through Scottsdale Capital Advisors, Member NASD/SIPC
If they advertise being a market maker, would that not show in the L2 data?
Sarissa Skymark report contains no original research!
Actually, I thought the Sarissa Skymark coverage was shady. On the day that Sarissa Resources releases the real NI 43-101 report, Skymark issues their "complimentary coverage" a couple hours prior, and it was based on the PRELIMINARY Nemegosenda analysis (aka Hawkins Report) that could be readily obtained from the Sarissa website and appeared to just be a word for word reprint.
In fact, if we take a closer look at the Skymark report, there is not a shred of original research in it. Let's take a look at their report.
Pages 1-5 basically lifted from The Economics of Niobium (10th edition) Published by : Roskill Information Services, Ltd.
Then, some basic company info including bios of Keevil, Cheriton, and Hawke all verbatim from the Sarissa Resources website under the Management section.
Then, financials, again taken word for word from the Q1 2009 financial statements of Sarissa, which takes us up to page 23.
So, we make it all the way to page 23 of this 50 page zinger, and there is not a shred of original research done by Skymark, but let's keep going.
Page 23.
"Preliminary Analysis and Recommendations for National Instrument
43-101 Compliant Reserve Estimate
on the
Nemegosenda Lake Property
Porcupine Mining District, Ontario
For:
Sarissa Resources Inc.
300 Center Ave.
Suite 202, Bay City, MI
48708
By: Warren Hawkins, P.Eng
Toronto, Ontario
Date: May 12, 2008"
and that takes us to the end of Skymark's report.
So, the only question on my mind is why Skymark would wait until two hours prior to the NI report release to announce "complimentary coverage" of Sarissa, and then release this Mickey Mouse report with not a lick of new information?
Replace the word buying with selling, and then I agree with your first sentence 100%.
I'm curious who in the mining world doesn't know that Sarissa just proved resources at Nemegosenda. I get that this coverage is important, but we've known that they got the goods since way before the NI. It just seems like some people need to get out of the mines and onto the internet, and it wouldn't take so long for them to figure out what we've known for some time now.
Not discounting tony montana's news. Great job on that!
Great find. I agree. I also noticed a reference to Timmins. Very interesting.
I know I've drifted from the stock a bit, but of course the macroeconomy has a profound effect on the price of silver when comparing hyperinflation and deflation. I should also preface that I'm more of an Austrian than a Keynesian. The US dollar index is weakening, and it reaches a critical level at around 72. If it goes to that point, then we would see an even more anemic response at the next treasury auction. My understanding is that the Federal Reserve is providing FRN's to other central banks for the direct purpose of making the treasury auctions appear to have more support for greenbacks than is actually the case.
I think a crisis of faith is in store for the U.S. dollar. What people in the U.S. fail to realize, but the rest of the world's governments understand, is that the U.S. stimulus and bailouts amount to nothing more than putting paint over rust. It's just new debt chasing bad.
I have heard estimations of over a quadrillion dollars in derivatives. Subprime defaults made more than a $50 trillion dollar dent when you consider that the subprime mbs's were leveraged at 30-40 to 1, and 100 to 1 in the case of Fannie and Freddie.
One of the underappreciated aspects of the subprime fallout was that it gave the dollar a boost, because the $1.5 trillion in loan defaults had the effect of wiping out $50 trillion in dollar derivatives.
I'm rather confident that the stress tests are underestimating the impact of option ARM, Alt-A, and CRE that will default in 2010 and 2011, and that the combined impact will likely be worse than subprime.
The real question to me is the timing. My best guess is I think we continue a crisis of confidence and see inflation continue ticking up, and then perhaps a leveling off for a period of economic stagnation with a further erosion in housing and commercial real estate, most likely another bailout or attempt at stimulus and even higher unemployment. And, once the bulk of the next default wave passes, then inflation really kicks into gear, and we may see hyperinflation of perhaps 100% per year if it gets really bad.
So, my gut call is we see inflation now, somewhere between stagflation and deflation in the 2010 and 2011 timeframe, and then we hit hyperinflation after that.
They say that gold does well in both hyperinflation and deflation, but silver does best during hyperinflation.
My point is that I do think the U.S. will see hyperinflation, not perhaps on the level of Zimbabwe or Argentina, but perhaps more like Iceland or Russia, which of course should be good for silver.
Good analysis. Don't forget about the option ARM defaults that should peak in2010 and 2011. We are not out of the woods yet, and another wave of defaults will trigger another round of derivatives fallout and more toxic assets to workout. We may have some deflationary pressures, but I think hyperinflation for the dollar is still may best guess in the next few years.
What does it all mean Basil?
Not sure who Bilderberg is (are?), but apparently a movie is being made about them.
http://www.salem-news.com/articles/july212009/new_oregon_movie_7-21-09.php
Thanks SPARK!
I haven't been on Ihub that long, but when I see you, texas ripper, red stick, oilbaron, Pdog and Threw on a board, I take notice.
Just continuing my quest to have exposure in the entire Periodic Table.
This board sounds fun. What are we talking about here?
I messed around with SRS.
I'm curious what the attraction is. I'm convinced CRE still has a long way to fall, but you have to day trade this thing, and who knows when the next crash will occur. If you don't day trade it, you get eaten up by the decay effect.
But, I guess if you like SRS, this would be a golden opportunity to load up. I just checked in today, because I couldn't believe it was under 15/share.
Did you guys see this article?
http://www.zerohedge.com/sites/default/files/SilverETFs_1_PDF.pdf
I'm not sure how well received my message will be here. I used to hold a lot of SLV shares for the same reasons most here are holding, i.e. gold/silver ratio is not where it should be, silver as a safe haven in economic certainty, etc but I no longer hold SLV, precisely for the reasons mentioned in the article I linked.
IMO, play the silver miners or buy physical silver, but if you play this ETF, watch out.
I'm with you guys on silver's upside potential, but I don't think this ETF is the best way to play.
Here's a site with a ton of information on swine flu.
http://www.infowars.com/the-infowars-flu-pandemic-resource/
I'm the 5K at .19
Just thought I would dabble in the Uranium Star, because there are way too many familiar names talking about this one.
Greece announces mandatory vaccinations for all 12 million of its citizens.
"We decided that the entire population, all citizens and residents, without any exception, will be vaccinated against the flu," Health Minister Dimitris Avramopoulos said after a ministerial meeting.
Article from reuters
http://tvnz.co.nz/health-news/greece-vaccinate-population-swine-flu-2881876#
Greece announces mandatory swine flu vaccinations (2 doses) for each 12 million of its citizens with no exceptions.
http://tvnz.co.nz/health-news/greece-vaccinate-population-swine-flu-2881876#
"We decided that the entire population, all citizens and residents, without any exception, will be vaccinated against the flu," Health Minister Dimitris Avramopoulos said after a ministerial meeting.
Only yahoos post there.
Agree. Physical possession and miners for me. None of this manipulated paper ETF stuff for me.
I only know about the figures for above ground, but I found this article that looks interesting.
http://www.gold-eagle.com/editorials_03/sanders030703.html
"THE PHYSICAL GOLD/SILVER RATIO
I have seen wildly differing estimates of the physical occurrence of gold and silver in the earth's crust. What difference does it make? It's a fair guess that one factor determining the gold/silver value ratio is the physical ratio in the earth's crust. Over the years I have found that ratio of given as low as 10:1 and as high as 40:1, but usually at 12:1. I asked a mining engineer, and he turned up definitive data.3
According to AGI Data Sheet 57.1, "Abundance of Elements," on average silver occurs at 0.07 parts per million, and gold at 0.004 parts per million in the earth's crust. Thus the naturally occurring ratio is 17.5:1."
This is why I am staying the heck away from SLV and GLD and the like. For me, I'm sticking to physical possession of some junk silver, and I'm also now going to be looking for a good silver junior. Any suggestions?
At this point, in this economy, I'm stocking up on as many different kinds of elements I can.
I've been a silver long for quite some time.
Correct me if I'm wrong, but isn't gold about six times as prevalent as silver?
The manipulation does not surprise me at all. For example, I've watched gold trek up to that magickal $1000/oz barrier, only to watch it fall, and I've long suspected that it's being done deliberately.
Also, do you all recall Gordon Brown, Britain's PM, who urged Britain to sell much of its gold reserves when it was 250/oz? And, now that guy is PM?
Isn't it Ontario Day? Just shows the dedication of these folks to be working on a holiday.
Yes, I appreciate the TA as well. I've learned a lot. I don't appreciate ppl treating our girl that way and using her like that, since I'm a long. But, it is insightful.