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I believe those shares were provided by a "third party" and not directly from Sarissa.
That is, of course, if we are talking about the same release/coverage event.
HTH. Have a good one.
Since when did we start trading by 1/100ths of a cent increments?
Well, at this rate, I guess we aren't going to see the rapid, precipitous drop that some of our not-so-ethical friends were trying to scare people into believing last night.
This looks to be more consolidation until anticipation of the next big news event starts to ramp up again.
So, as of right now, it looks like the "death cross" is going to be about as reliable as a "Nessie Snout" pattern was (I still get a chuckle out of that one!).
It looks like folks are going to have to try harder and come up with some negative FACTS about the company and its prospects going forward if they want to scare up cheaper shares. I have a feeling those efforts aren't going to bear any fruit!
Yeah, no kidding.
Wouldn't it be nice if our predictability was that someone would paint the price UP by a penny or two every day?
I think that might be just a wee bit less frustrating to watch...
pretty good call...
Wrong.
But that seems to be a pattern here, so it does not come as a surprise.
Happy Holidays, IGL. Hopefully your sense of optimism will be renewed with a new calendar year!
Depending on other developments, that estimate could prove to be on the conservative side.
But it really all depends on how the investment community, particularly those with deeper pockets than the typical ihubber, assigns VALUE to this company.
We, in all likelihood, will not be in the production (extracting and bringing to market) stage on any of our properties in 2010. So our value will be determined based on how close people feel we are to generating serious revenues and how they price that in relative to our share structure. Of course it will also depend on macro-economic factors and sector strength as well.
Releases about plans to uplist, acquisitions of new properties, financing arrangements, etc. will all be "wildcards" in 2010 that could come at LITERALLY any time. And if they do, we can throw all "calculations" and educated guesses out the window.
2010 will not lack for excitement when it comes to SRSR - that much I am sure of!
Aren't we all, my friend...
Our next news should be "golden" (if ya catch my drift)!
Happy Holidays to you and yours SPARK. All the best in 2k10.
From the Platinex Inc. NI that Pdog posted:
On a regional scale the property is located within the prolific Abitibi greenstone belt which is renowned
for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property appears
to be on trend with the Larder Lake – Cadillac Break with which many of the world-class gold deposits
are spatially associated. The Shining Tree property is also centred on the axis of a regional gravity high
signifying an area of thick supracrustal rocks and under-plating by oceanic crust. In the Abitibi these
associations appear conducive to the discovery of major gold deposits.
This could further confirm that our property in the neighbouring area has a very good chance to be a "world-class gold mine". Given the initial results that we got from preliminary samples, things are adding up to what could be a very exciting conclusion here...
And to give you an idea of the Shining Tree NI report timeline and subsequent price impact for Platinex:
Report was written and released on October 2, 2008 at which time the price was 0.035. A few months later (by the end of January) Platinex's share price rose to 20 cents.
Now, of course there were other developments over that time. And I also understand that factors such as share structure, trading exchange (Platinex is on the TSX-Venture), etc. will not necessarily make this an apples-to-apples comparison.
The point here is that a positive initial NI report on a Shining Tree-area gold property can have a profound impact on the company releasing it.
And, oh yeah I almost forgot...to the best of my knowledge Platinex does not have a multi-BILLION dollar Niobium property being proven up...
Suffice it to say that 2010 is going to be a VERY interesting year for those in the Sarissa shareholder family who decide to stick it out.
Thanks for all the DD Pdog. You've been a phenomenal asset to the board and your contributions (particularly those of the last couple weeks) have been tremendous!
I'm just spitballing here...
Anyone else think that we get a nice little pre-Christmas gift this week in the form of a Shining Tree gold property update? (NI report or other significant announcement)
Scott & co's M.O. has never been to release news simply for news' sake - but it would be nice to see a little upwards price surge heading into the New Year to close out the roller coaster ride that was 2009.
I'm pretty darn sure this is just wishful thinking on my part, but thought I'd toss it out there for a lazy Sunday discussion...(sometimes it's fun to just participate in wild speculation!)
Very well said there Norton.
Best of the season to you and yours as well! Here's to a happy, healthy and prosperous (thanks to our little undervalued/underpriced gem in SRSR) New Year.
Yeah, it is for some reason frustrating to watch it happen despite the fact that you, me and just about everyone else here with half a brain knows that it's just a superficial move.
In the grand scheme of things I think we'll look back and it won't much matter what the closing price was on December 18th, 2009. You know?
The value is not yet reflected in the price. They remain polarized and I look forward to the day they start to move towards one another...especially considering that it could happen VERY quickly.
Have a great weekend all.
Agreed. We look primed and ready. The coils on this spring have to be so tight right now.
But...(and it's a big "but")...it won't happen without volume. We are not going to see a big spike unless we're looking at a MINIMUM of 5 million shares traded in a day.
I think history (at least the last 2+ years I've been watching) has proven that we need some decent buying to propel this skyward.
Could not agree more.
Oh, by the way, I have 10 billion shares of Sarissa (everyone believes me b/c I say I do), but I think the company is still decades away from providing me with any ROI, if ever. I don't plan on selling any even though the company sucks, their management is amateurish, and the "reserves" are highly speculative at best. I am so happy to own this steaming pile of doo-doo. I think I might add another trillion shares even though they're relatively worthless. I love hating this company!
I'm just sayin'...
Nice post. Lots to chew on there.
Thanks Pdog. The effort/time is appreciated.
Fair enough.
Just wanted to make sure that you weren't privy to some very important information that the rest of us were not.
It will be interesting to find out (if we ever do) who our flow through financiers have been over the last couple years. Not sure if that will ever be disclosed if/when we uplist to a "fully reporting" exchange. I'm not super familiar with transparency requirements of the various exchanges and whether or not retroactive financing arrangements have to be made public knowledge.
Anyone?
What leads you to believe that?
A link would be appreciated...unless, of course, it is purely speculation (intuition?) on your part.
Yeah, I think the few sellers there were got out late yesterday after that moderate rise to the low 5's...
Definitely seemed to be a few good buys in the AM following the news though and those shares did not get sold back later in the day. I'm calling that a "win".
Ok, we'll let you know when they 1) uplist; 2) JV, or; 3) bring their product to market.
Until then, well...I wish you luck in all your other plays. Take care now.
Well this is going to be a reality we face, regardless of trading exchange, if we don't get SUSTAINED buying. The 2 mil of relatively "early" volume was nice, but when we stall and the buying subsides we have a tendency to go sideways or even drift a bit lower. It's just the nature of the beast. If this PR were to have REALLY set off some alarms and encouraged new "deep pockets" to come in, we would be at 6 or higher right now, IMO. That obviously hasn't been the case (yet!) so we will likely have to settle for a moderate gain today.
This is just a realistic point of view that I've come to hold, having watched how this trades over the past 26 months since I initially bought in.
Our day will come. I'm certain of it. But I don't think people are going to get the "pop" they were hoping for just yet...
Yep. No shortage of exciting announcements coming down the pipeline over the next several weeks and months.
2010 may well prove to be the most "exciting" year in Sarissa's history when it's all said and done.
Some nice buys going through...now we just need to SUSTAIN it.
It certainly is encouraging to see some positive price action following terrific news. More often than not in the past our price has not reacted too favorably on days when news is released. At least as of right now, that appears to be changing in our favor!
I was wondering how many bullets it was going to take to knock down those 5's - was looking bullet-proof there for a bit.
Let's keep the volume going and see where we can get PPS-wise on a 5+ mil volume day...
It's good that you are seeing the "big picture"... ;)
Great news today!
That's why I just bought some velcro running shoes! Won't have time to do up the laces... ;)
Something tells me this is a race that will never be run.
This really shouldn't be discussed. It's a possibility (eventuality?) that LITERALLY every single company in the world faces - that being the passing or unexpected "moving on" of the captain-of-the-ship (whether it be the owner, president, general manager, CEO, whatever).
Discussing it in terms of identifying Scott Keevil in particular is a waste of time and rather morbid.
Let's get back to something more productive, shall we?
BTW, Cork, I know you were just responding to a post, so this is not directed AT you. Just so we're clear...
if it goes sub-penny, i'll take out another mortgage on my house to buy up as many shares as i can get my greedy little hands on! ;)
Well if you really have been speaking with Merle for months, you'd know that he is ALWAYS tight with information that has not yet been made public through the appropriate channels. He has NEVER wavered on that.
He is happy as a pig in you-know-what to discuss past results or help clarify info that has been released in a PR, but will not be the loose lips that sink this ship.
And your philosophy on "the more info IR gives a share holder the more money they are willing to invest" is supremely flawed. It's not even close to being rational. I would strongly suggest you revisit that stance or you are going to be tremendously disappointed in the (legitimate side of the) stock market...Just some friendly advice.
All the best.
I agree 100%.
With volume, comes price appreciation - particularly in this stock's case.
5+ mil will be appreciated, but a relative "non-event".
10+ mil will be nice.
30+ mil will be very nice.
50+ mil...well let's just say I'll be more tanned than I am right now. ;)
These days are coming. When? Have no idea... But they ARE coming in my opinion!
Nope, no release that I'm aware of.
Appears to be just a random "green" day...a pleasant surprise.
But it's nice to see how easily this can move up. There just aren't many sellers down here. When a buyer (or 2 or 3 or MANY) want to get in with a substantial position they had better pay the ask if they want their shares. Otherwise they could be sitting on the bid for a VERY long time to accumulate their desired quantity.
It's a good problem to have!
Agreed.
But I don't think 5M/hour is really asking that much...That's only, what, about 32 million shares traded in day? Let's call the share price 10 cents for that day and we're looking at just over $3 million changing hands. For a company that is working on proving up tens of BILLIONS of dollars in resources, 3 mil/day kinda seems like peanuts, doesn't it?
That day WILL come - I'm sure of it. And likely when it does, the share price won't be 10 cents! Well, here's hopin' anyways...
Just need a bit more volume...
Really, with the potential this company has, we should be trading 1M shares/hour on SLOW days. Maybe 5+M/hour on bigger days.
So how many shares did you want in the 4's again?
Sorry to be blunt, but your question kind of demands it...
If you "don't know where they're going" you should never taken a position here in the first place. That is, unless you trade purely on technicals; in which case you would have sold a long time ago.
I get confused when I see posts like this. If you did your DD (which is a MUST before investing "a penny into a penny") you know where this company is going.
My advice (and you can take it FWIW) is to revisit the ibox. Re-read Scott's letter to the shareholders. Review some of the PRs. Talk to Merle. Try to get his thoughts on the progress-to-date of the company and whether he believes we have made significant strides in two years since Scott came aboard.
There are TONS of resources to find out "where we are going" and they've been available for quite some time...We haven't changed our course...we've only continued to pave more and more of the road.
or you could look at how much it's up YOY...
just a suggestion ;)
it's a terrific opportunity to accumulate cheapies if you have some $$$ to throw at it!
Do you think you'll still be holding at that time?
Do you have any idea where the price will be at if (when) we are about to sign our first purchase agreement?
I think it would be fantastic to see some of the same old faces here at that time, but I have a hunch MANY will have sold for huge profits prior to the actual "mining" of the Nemegosenda property.
JMO
Let's just say it's "unlikely". You are right, anything is possible, but I don't see Scott involving his father in this venture.
It's been discussed here in past months and widely regarded as a "pipe dream" of sorts.
The consensus among longs (at least as of a few months ago) is that Scott will be the only Keevil involved.
But, like your suggestion that dad "may" be involved (in flow-thru or outright purchase down the road), it's all just speculation at this point...
Here's to a good week. Have a good one all...
So you "jumped in" to an investment based solely on the advice of an IR person? Without doing any other substantial DD for yourself?
Wow did you ever luck out by doing so with this stock. That mistake won't burn you here with Sarissa, but I would caution you repeating this with most other stocks on the pink sheets.
And it's odd that you would blindly invest your money based only on the recommendation of someone who was, in your view, affiliated with a pump & dump scheme (CVRG)...
Something just doesn't add up here. What am I missing?
Why can't you view the IBOX? It's not like it's a "premium feature".
To the best of my knowledge, everyone has the ability to view the IBOX.
But knowing that, exactly what DD did you do prior to taking a position with SRSR? I'm curious to know your sources...A couple links would be nice to know where your knowledge base is stemming from...
Thanks in advance.
Did you just say "this is getting old"?
Really? How long have you been here - 15 minutes?
I think you are going to be hard pressed to find much sympathy from the true longs who have been in this for 2+ years and have ridden out MANY of these ups & downs.
Find comfort by reviewing the IBOX. I guarantee you that the last thing you will be thinking (if you COMPREHEND the info in the IBOX) is that "this is getting old".
Have a good one.
nice...i wouldn't complain too much if we followed the blue dotted line!
let's make it happen guys and gals!