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Yep, at 1%/day increase that fourth share you bought over the holidays is looking like a terrific buy! ;)
In all seriousness, slow and steady is just fine for me. These lengthy consolidation phases have been very good for us in the past so I'm not too upset to see us in this "channel" for the time being. Maybe we just have to wait until the Spring/Summer for another big run?
I'm content to wait as long as it takes to reach fair market value!
GREEN! Holy mackerel! SP movement - it's a miracle.
Very strange indeed. I cannot for the life of me recall another time when we've traded a million shares with absolutely NO CHANGE in PPS. Not even a thousandth of a penny! Just odd.
Listen up johnnyone:
We are NOT here to hold your hand. We are NOT here to do your DD for you. We are NOT here to tell you whether to buy or sell.
We are here to engage in constructive debate over the prospects of the company.
If you have legitimate concerns about SRSR based on fact, please share them and I'm sure you'll have plenty of folks politely address them.
However, if someone comes in making baseless claims about the doom & gloom of the company, you are darn right that it is going to be "un-welcoming".
It's your decision whether or not you want to continue to post and/or read here. No one is holding a gun to your head. If you don't like it, you may feel free to try one of the other chat forums that is more to your liking.
It's that simple.
I agree. Very strange.
I don't have L2 so I can't see if the volume is doing anything to move either the bid or ask side at all...
Anyone?
I think what you may be seeing is that many of the longs (I'll admit to it myself) get a little bit annoyed every now and again when new folks come in looking for all the answers - many of which are VERY complicated - to be handed to them on a silver platter.
Those of us who have been here since Keevil started with Sarissa back in the Fall of 2007 had to do a tremendous amount of due diligence by ourselves and maybe we feel that we have "earned" it a little bit more than a few of the folks who appear to be here for a no-effort, quick buck.
I probably shouldn't speak for others as I don't know the above to be fact, but I'm just thinking that it might be a rational explanation for newer folks feeling like they aren't getting the red carpet rolled out for them.
There is a considerable amount of information in the IBOX, of which I have read ALL, and am better for it. I am more confident in my INVESTMENT because of it and I am forever indebted to those folks who spent the time and effort to provide that information in a more layperson-friendly format.
When you have time, even if it's just 10 minutes, pick an item in the IBOX that you have not read, and familiarize yourself with it. I can guarantee that many of your questions will be answered and many of your concerns will be calmed.
I think I can speak for all of the longs here when I say that we are all too happy to welcome new members to the Sarissa family. But that comes with a caveat - those members should at least make some effort to educate themselves on this company and the resources it possesses. Any further questions, CONSTRUCTIVE criticism (based on fact or at the very least plausible speculation), or discussion about both sides of the coin here will be happily answered.
All the best. Have a good one.
Good stuff brother. Thanks for that.
It's anyone's guess when it comes to news from SRSR.
We have had some PHENOMENAL PRs in the past and they have done little to stimulate buying interest. I believe that is due in large part to the fact that they are not exactly written in "layman's" terms. The real meat & potatoes of our PRs lie in the numbers, and the average investor (myself included) likely doesn't fully understand whether those numbers are poor, average, good or great at first blush. They will have to do some digging and comparitive analysis to see how our numbers stack up to others'.
I think what will really get our share price ramped up will be news that has a dollar amount associated with it (either directly stated or easily calculated). I.E., something that shows a revenue, or even a potential revenue and plan to generate it. JV or off-take agreement has been thrown around here more than once, so perhaps that'll do it?
Right now we are just proving up more and more resources so that we have a better idea of what our property(s) hold in terms of value. This will be to our benefit in the future as it will ensure we are able to negotiate the most favorable terms possible if/when we agree to a "partnership" with another concern. But it looks like that is becoming "old hat" to many investors and thus the tempered enthusiasm to our PRs of late.
But that's just one guy's opinion. Anyone else?
Hey cork - that seems to have been the spread for the better part of the day.
There's no sellers down here, but on the flip side of the coin there sure isn't a whole lot of buy interest to push this up.
It's apparent that even one big buyer could move this thing VERY easily as the ask side is extremely thin and has been for days.
Just need a catalyst...The gold announcement didn't quite do it (or it hasn't circulated yet?), so maybe it's going to take something bigger.
I'm inclined to believe an announcement regarding financing of some sort might be the order of the day to get us where we want to be. Whether that's JV details pertaining to Shining Tree, or something to do with plans to uplist and how that might be funded (including the expensive task of audited financials)...Or maybe it's a feasibility study re/ Nemegosenda.
Those items ARE coming down the pipeline, I just don't know when.
Until then we just have to sit and wait, comforted by the fact that we have a VERY good captain steering the ship.
Well I guess it's a very good thing that we trade in a dynamic environment...You know, one where things don't always remain static (i.e. THINGS CHANGE!)
If you actually ever held shares here, you should know that we fluctuate greatly in both volume and share price. We have "lulls" and we have times of "high interest". Can you guess which we're in now? If so, can you guess what's COMING?
Good luck elsewhere.
Shortsighted, anxious, impatient profit - yes.
But you are right - there is no such thing as a bad profit (this would be close though!)
I'm sure your shares will be gone in short order. All the best in your future trades.
Yep, I've said it a few times over the last couple weeks - a 5 mil volume day with a 3:1 or so ratio of trades going through at the ask, and I bet we move more than a penny.
There just aren't any sellers of significance down here. And it looks like the MM's are content to let the SP go green if there is buying interest to encourage it to do so.
Never too soon for NITE. Just think of those poor folks in Alaska - they have to deal with "NITE" around the clock, 6 months out of the year! ;)
It's just a lack of buying volume that is allowing this to happen. I think that, for the most part, so many of the longs here (and other places) are content with their already accumulated quantity of shares and are just sitting back waiting for the "deep pockets" to come in and move this thing.
That's my opinion anyways...for whatever it's worth.
Excellent post!
Two rules to remember:
1) Despite the fact that we trade ON the pink sheets, we are NOT a pink sheet stock.
2) Our share PRICE is not indicative of our share VALUE.
Add these two things together and you have yourself a tremendous intermediate- to long-term INVESTMENT.
Those looking for anything other than that probably should look elsewhere lest they wish to be disappointed (temporarily).
Nice, goody! Trip-zeros is an impressive entry point - that must have been, what, about October of 2007? Right around the time rumors of Scott coming aboard surfaced and were quickly confirmed?
Or have you been here since before it was even technically "Sarissa Resources"?
I suppose it would be prudent for us to all keep in mind that the concentration you mention there (9.26g/tonne over 2.06m) is the TOPS - an anomaly, for lack of a better word. It's the exception, rather than the norm.
That said, by comparison it does look like a VERY nice result! And they mentioned that concentrations are likely to improve as they drill to greater depths (which they are in the "planning" stages of as we speak).
A very promising PR. Not a "knock it out of the park" PR just yet - but we only have a couple samples to draw from. Like everything else this company does, this is one tremendous building block for future value. Yet another small - but significant - piece to the puzzle!
Best of luck all.
This is incredible. Paper thin ask side of L2. MM's look like they are willing to let it go. A rock solid PR re/ everyone's favorite buzzword: "GOLD".
We just can't muster up the buying volume to send this into orbit.
If we get a 5 mil volume day, I bet we move more than a penny. Just a hunch...
Have a good one all.
yeah, those brokers will get you every time! poor fella.
maybe by next christmas? (but you'll have to pony up more than a nickel or dime for a share!)
I was just about to say that dcf should try to snag one or two more shares at the closing bell. ;)
Got a nickel or dime to spare, Mr. Deep Pockets? It could be worth a quarter in a few months!
Total novice TA observation here, but aren't we just about to cross above 50 on the RSI (daily chart) for the first time since our spike to 0.075 in mid-November?
I'm assuming this is a good thing?
Sorry - I've never really believed too much in the merits of TA, but there are certain indicators that I have noticed historically can be relatively accurate.
Any of our resident TA experts care to chime in?
TIA
I think it was a small "hit" - only 4K shares I believe.
But hey, green is green. Let's build some momentum and VOLUME!
Don't put too much stock (pardon the pun) in pre-market L2 on pinks.
In my experience, it's very rarely indicative of how the day's trading will shake out.
But WTFDIK? Maybe we will see a spike today - I wouldn't be too upset if we did!
I agree. I have a VERY strong feeling that we have many more things "lined up", so-to-speak, and we're just waiting for that next domino to fall creating a chain reaction of incredible events for the company and the shareholders.
There is a method to Scott's madness and I can't imagine him not having very specific goals and very specific steps that are needed to realize those goals.
punch ~ Despite all of the horrendous spelling, grammar and punctuation mistakes, I feel your post is bang on!
You are 100% correct in saying that you should only ever put in to a security what you can afford to lose, no matter how good the story, no matter how good the management, no matter how good the risk:reward ratio is.
And that goes for ALL trading exchanges and in ALL economic environments.
SRSR, IMO, is tops as far as the "story", the management team, and from a risk:reward standpoint. I just haven't come across too many other companies who have the potential to be a life-changer with such a minimal downside risk. (Side note: If anyone else has, please fire me a PM and I'll eagerly look into that company's prospects!)
2010 should (will?) be a phenomenal year for anyone fortunate enough to be aboard the Sarissa Express. I "punched" (get it? get it?!?! - ok, sorry, bad pun) my ticket over 2 years ago and I am more optimistic heading into 2010 than I was heading into 2008 or 2009. That's the honest-to-goodness truth. I don't think Scott Keevil is going to make a liar out of me.
A certain poster "brought this on"...
It's a lame tactic to scare up cheap shares until a pre-determined position has been accumulated.
It's trying to be done here under the facade of "fact", but be very careful what you read - there are a lot of half-truths and whole-lies being spread here.
There will be vague references to things such as "paid promotion", "dilution", "reverse split", etc. (ad nauseum), but with the caveat of "Oh, but I doubt that's the case here with SRSR. I want this company to go up as much as the next guy. Scott is great. But I just think we need to be aware of the potential of these bad things."
It's old hat, but certain folks still try it because certain folks still fall for it.
Reader beware - that's all I'm saying. Challenge EVERYTHING you read on here and think critically about it. Verify your own belief with facts released by the company in PRs and from other reputable sources.
Best of luck.
Wow, someone's really "putting in the work" to start the New Year, huh?
No sense beating around the bush - what's your target price and share accumulation # for SRSR so we can all just move along?
Haha, yeah I saw that too but figured I'd let it slide.
I mean, God bless ya if you can hold until 2020! That's some commitment.
In my opinion, 2010 will be a remarkable year for us. I expect that SIGNIFICANT news will become more frequent this year with at least one major announcement or development each quarter.
If you think about all the potential "events" that could (should?) take place in the next 12 months, you can't help but be giddy with excitement.
Happy 2010 to the whole SRSR family!
Let's take this opportunity to appreciate the tremendous effort that Scott and company put into this company in 2009 to get us to where we are now.
2010 should be even better - a benchmark year for Sarissa Resources. It could be the one that "puts us on the map".
All the best!
Well, it's always nice to close at HOD.
Happy New Year all!
I feel sorry for your brother when he looks back in 6 months and sees "what could have been".
But hey, everyone needs to do what they feel is best for them and you can't fault them for it I suppose.
The most difficult thing is for you NOT to do cartwheels in your brother's presence when SRSR hits a dollar and he's no longer holding!
Happy New Year.
Well the one thing we know for certain is that the ask side is paper thin. So if someone wants in with any sort of quantity, they are going to have to pay. And things will move north very quickly.
The sellers sure seem to have dried up for the most part.
Now it's just a question of who is going to light the fuse?
Christmas buying for the wife and nephew (it was his first Christmas, so of course he had to be spoiled) left me with ZERO money to throw at SRSR until a little while into the New Year. So I won't be able to help push this up.
Anyone out there who skimped on Christmas gifts in favor of SRSR stock? Come on, raise your hand...Don't be ashamed! It's probably a good move considering next year's gifts could be MANY TIMES better!
Considering what's coming down the pipeline in 2010, I can almost GUARANTEE 2010 will be a better year than 2009 for Sarissa!
There are so many things to get excited about as this company's story continues to be written.
If you think about Sarissa as a puzzle, it seems like Scott is completing the outside and is now concentrating on filling in one corner (i.e. Nemegosenda). But, all the while, he keeps an eye out for key pieces that fit in the other corners (Shining Tree, financing opportunities, other acquisitions). The pieces are falling into place and sometime in 2010 we should start to really get a clear picture of the Nemegosenda "corner" as it continues to be filled out.
Here's to a very prosperous New Year! Lots of cause to celebrate IMO. Be safe and enjoy the holidays.
We're going to need a lot more volume and all at the ask if we want to close out 2009 at 5c+!
Not saying it won't happen, but it doesn't look too likely right now.
Hey, I'll still take anything over 4c considering we closed out last year at, what, just shy of 3c? That's a decent YOY return for any big board stock, yes?
Glad to hear it Edge. You know what they say: "There's no time like the present (to add to your share count)!"
All the best in 2010!
Yep, I got it also.
The day will come when Sarissa Resources starts to be noted in such articles for their prominence in the tantalum/niobium/rare earth element marketplace.
If everything goes according to plan and we keep proving up economically viable deposits in the quantity that it looks like we will be, SRSR will dwarf companies such as Commerce. We'll make them little more than an afterthought.
That's still a little ways away, but I'm young enough (and confident enough in Scott & co.) to see it through to that day.
Who else is with me?...
Nice observations Edge. It will be very interesting to see if history repeats itself here ~ i.e. a lengthy consolidation with positive money flow followed by an explosive move to the upside either a) in anticipation of a big PR, or b) in response to a blockbuster PR.
Can't wait to see how this all shakes out!
Green is nice. Now let's see a few of those strung together and build some momentum. With momentum comes volume. With volume comes "significant" green days.
That's what I'm looking for, personally. A move of "significance". At half a million shares we didn't even trade $25,000 today - an embarrassment if you consider what we have already PROVEN is in the ground.
I can understand and appreciate that this typically isn't a high volume week being that it's a holiday-shortened one, but even still - 500K shares is so insignificant it's silly.
There WILL come a time when we are doing 500K blocks of shares on a fairly regular basis. THOSE will be the days that we should be excited that we're green!
Continued best of luck jj. Happy holidays.
Oh boy.
Sorry, you're going to have to do a little more DD on this company and come up with something a little better "constructed" than that if you want to scare up cheap shares.
You will quickly find out that the majority of folks here are far too intelligent and well-enough informed about the FACTS of the company to fall for a ploy like that.
Why is it that people think they can just do these quick little "drive-bys" and drop a couple words/terms like "dilution", or "reverse split", or "pump" and it's going to get them a lower share price come Monday morning?
News flash kids: IT'S NOT GOING TO WORK.
We know what we have in SRSR and the prospects of the company (not to mention the PROVEN commodities in the ground) far exceed the current value assigned to our company - i.e. the share price.
Considerably more room to the upside than down here - and that's all you can ask for in a stock (esp. on the pinks).
Do we really need to revisit the "price vs. value" debate?
If you can't wrap your head around that concept, you really shouldn't be investing in ANYTHING - let alone the traditionally more volatile pink sheet stocks.
Well said jj. I would echo that sentiment. SRSR = as safe and "comfortable" an investment as you'll find on the pinks.
Happy Holidays to you and yours.