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Sorry, K. I'm not buying until I see proof.
This has never been the M.O. of Scott and this company to release "news" in this fashion. I doubt he's going to start now.
I am HOPING you simply misheard the ticker symbol/company name and it was not something more sinister - say, oh I don't know, an outright lie to influence the less informed and gullible in an effort to profit from said lie?
I'm sorry, did you say billions or millions? Is that billions with an M? ;)
I know what you're saying JP - not too often you can talk about PROVEN resources in the Billions (with a capital B) of dollars available for mere peanuts...
If (when) Scott and co. can take this thing all the way, we'll be rewarded...handsomely.
But it's going to take time. I've got it. Who else does?
Nice synopsis there.
Now, the question that I'm sure is on the minds of everyone here is:
WHO do we have flow-through financing deals with?
How deep are these invisible partner's pockets?
Do these flow-through partners intend on financing all the way through the process of bringing Nemegosenda to a full-blown mining operation?
It would be so interesting to know who is helping to facilitate our drilling program(s) and what their plans are for the future of Sarissa Resources!
Info we won't know for quite a long time (if ever)...
But, I suppose we are allowed to speculate...so ~
Thanks brother, but I think I missed the (early) boat here. Terb gave me a great heads up back when this was at single digits (I believe the 0.08'ish area) and I didn't have the powder to toss at it at that time. And unfortunately I just got back from a vacation, just re-did my roof, got a new A/C unit, and have to pay for Christmas gifts for a rather large family - suffice it to say that "disposable" income is a scarcity right now.
I'm sure that this puppy will continue to run and even at 40 cents it is an attractive "buy"...but I just don't have the means to get in right now.
I mean, if somebody had a fat finger and wanted to sell me a good chunk at 0.04 instead of 0.40, I probably wouldn't turn away! But I'm thinking I won't have many people jumping to offer me their shares at that price!!!
I continue to watch this one and I'm enjoying seeing some of my friends from "that other stock" make some real nice gains here. You guys deserve it for all the DD you have done and the intelligence and insight you are now PROVING to have. You guys are the types of folks I like to see make the big bucks off these pinkies. I hope this run continues well into the dollars for ya!
All the best.
looks like you guys had an okay day over here, huh? ;)
i'm happy for you guys...hope this run continues for ya!
sure will make for a few merry christmases huh? (that's if you should decide to sell for a realized profit)
take care all...have a good one.
It would be irresponsible (and inaccurate) of me to even make a "guesstimate" at the price Shining Tree would fetch in a deal.
We simply know too little about the overall value of the property and we know absolutely ZERO about the terms of any potential deal/sale.
If I'm being honest, I don't see Scott & co. bringing Shining Tree to the mining stage - it in all likelihood is just a facilitator for the Nemegosenda project. It's a means to an end, if you will.
How much operating capital will a partnership or outright sale of the Shining Tree property generate? Not sure. But I do know that, if it happens, it should be a significant development in the company's story. It could be the "catalyst" (seems to be the favorite word amongst many board members) that really spurs on the niobium project. Maybe it produces enough working capital that we can complete a huge drilling project, audited financials, uplisting, and maybe even a share buyback program? Maybe it only accomplishes one or two of those things...maybe it allows for more?
At this point we know frustratingly little about the value of Shining Tree and Scott's plans for it.
All we know for certain is that Scott DOES HAVE A PLAN for it and that plan most definitely includes a final decision that will maximize shareholder value (and that means Scott too - remember, he's the charter member of the millionshares club!!!).
Exciting times ahead. Each month we learn a little more. Each month we add a piece or two to the puzzle. It really is fun being part of this story's development. Just have to have the stomach for the ups and downs and the patience/commitment to see this thing through.
Good luck.
yep...
just another brick laid on our increasingly strong foundation
things are starting to take shape VERY nicely
I wouldn't read too much into it. Nemegosenda has been, is, and will continue to be the main project, so this was likely little more than general "house keeping" - something they thought might be worth while to have on there from here forward. Very unlikely that it's indicative of any MAJOR developments with Shining Tree IMO.
Well then I suppose there are two options if you feel that the price won't move until WAYYYY into the future:
1) Sell your position and try to make money elsewhere until you feel we are close to one of your "catalyst" PRs to make the stock move
2) Sit back, relax, appreciate the progress that is being made every day by our excellent management team and add to your position as you are able to
Your call...which will you choose?
that's pretty much it in a nutshell, TR...
proven resource valued in the billions? CHECK
all-star management team with decades of experience in this industry? CHECK
reasonable share structure? CHECK
opportunity to build a healthy position at a fraction of the company's true value? CHECK (temporarily)
kinda begs the question: "why even bother?"....doesn't it?
just have to laugh i suppose...
Same to you homey_g and all the other members of the SRSR family.
Being Canadian, I celebrated Thanksgiving last month, but am conveniently "sick" tomorrow so as to take advantage of your wonderful tradition of NFL games on Turkey Thursday!
SRSR looking good here for a turnaround and for that (among many other things) we should be thankful!
All the best to everyone here. Enjoy your day tomorrow and my apologies to anyone who may live in Michigan - if the Lions keep going the way they are, this may be the last Thanksgiving game they are asked to host in a very long time!
Take care guys and gals.
wow, this volume is embarrassing...
i suppose there's two ways of looking at it:
1) the pessimist - there is no buying interest and therefor we will continue our slow bleed back into the 4s
2) the optimist - there are no sellers and people are content with their positions...we may drift a little lower until the next volume surge, but we know that we can move on air when we want to!
i like option 2 better...it's just funny to see a company that has BILLIONS of dollars of proven assets in the ground not even generating $20,000 in share value traded - just mind blowing
ah well, this is something we have to go through before our true value is realized and the rest of the world wakes up to what we have here!
holding strong and remaining patient.
have a good one all.
what "big chunks" are going through?
volume is actually quite pitiful to be honest...
i held out a bit of hope that we might see a 5mil+ day considering all the excitement and chatter on the board this weekend, but looks like most folks are content with their current holdings and are maybe waiting on news?
that's speculation on my part, but i'm thinking we'll have a hard time righting the ship (PPS-wise) without any substantial volume...those two quick spike days we had a week and a half ago saw 5mil+, did they not?
hoping for a surge here, but remaining cautiously optimistic (realistic?)
continued best of luck here gang
hold strong...our day will come!
mgt - yes i am interested in the offer (sorry don't have PM)
but currently i'm on a one post/day "ban" over there for questioning the integrity of admin in their decisions on which posts should stay & go...i can only assume this is why we lost our mod over there
apologies to all the Vega Biofuels folks here as this is OT
best of luck here guys & gals
Well then I guess since a fall to the 4 cent range is inevitable there is no reason that we should see you posting here until that happens, right?
I look forward to the extended (indefinite?) period of silence on that front...
All the best in your other plays. Hope you don't miss the big one here...wait a minute ~
No. And no.
This is going to be a very interesting next 2 and a bit hours...
I say that with a 5-6 mil volume day, we threaten 8's...If the volume winds up in the high-3/low-4 mil range, I'm going to guess we'll end somewhere around 7 cents (give or take a tenth or two).
We need some sustained buying pressure. We have proven multiple times in the past to move VERY easily if the demand is there.
Will also be interesting to see if this continues throughout the week as a multi-day run into double digits or if this is the "quick spike" type...FWIW, my money is (literally) on the former.
Continued best of luck all. Hold strong and watch your portfolio glow green!
Take care...
Significance?
Sorry, I haven't a clue what a "pinch" typically indicates...
Does it usually result in a quick spike or is it more of a sign of a trend reversal (i.e. sustained)?
TIA
Thanks bg.
It was a good day yesterday (hopefully the first of many). That's one of our single largest gainer days ever and no one really knows what caused it.
Some speculated that it's a precursor to news that may have been "leaked" (I'm skeptical b/c that hasn't been Keevil's M.O. in the past and I don't think he's about to start now...)
Some speculated it was a chart play based on "tweezer bottoms" and being way oversold.
Some speculated it was one or two large buyers who wanted in at bargain basement prices and there weren't a whole lot of shares for sale in the 4's so we blasted into the 5's and 6's fairly easily.
Who knows? Could be one, none, or a combo of the above...
I'm sure we'll see many-a-day like this in the future and hopefully we don't see any sort of giant pullback on Monday. This could be a one-off kinda move or it could be a big kick start to a sustained upward trend...
Monday should be very telling. I'm excited to see what happens!
Have a good weekend all.
Just couldn't resist, could ya?
Classy fella...
Well said. And so was unbeREEvable's post.
I think I might follow suit and take the quiet, wait and see approach.
Not much sense in trying to defend this gem to the ignorant masses that seem to be all over the Hub. Facts and "proof" seem to have fallen out of favor lately...
Given that, I think I might bow out for the most part until this thing turns around...I'm thinking time could be better wasted elsewhere!
All the best folks!
Kind of an odd day isn't it? They really have been comin' out of the woodwork the last few weeks.
This SRSR board sure was more fun and full of a LOT higher class of poster a few months ago...
Sad times right now.
That might be coming in the next NR.
I would bank on results from those two drill cores being made public before year end. I could be wrong, but that's my guess.
I don't know if we have any gold experts on the board here that would like to speculate as to an initial valuation of our deposit - I just think our information is too limited at this time to make any sort of educated guess.
Anyone else care to chime in?
The other possibility is that we don't hear results, but rather forgo that step and announce a JV on the property (as results would have been made available to our financier/partner in advance of the contract being signed)...Again, just speculating.
If I'm reading your opinion correctly, this is not the right stock for you.
SRSR is a very low risk/high reward stock - something that is not too common on the pinks. The trade-off is that it is going to take some time to see something close to a fair valuation. No one worth their salt has ever said otherwise. The beauty of it taking some time is that there is ample opportunity to build a sizeable position at a very low cost. If you can afford to wait a year or two for that investment to grow exponentially, you're golden. If you can't, well, then you are in the wrong place. I would then recommend looking no further than the most active boards on the IHub home page for the big volume, highly volatile (short-term) PLAYS that don't require patience as they are not an investment, but rather a PLAY.
There are folks on here that just don't get it and it's so bloody simple. If you can answer "yes" to three very simple questions, you're in the right place. If not, well...
Q1 - Did you buy this stock because of the fundamental story?
Q2 - Do you believe that we have a world class deposit and world class management team that can bring these resources to market in a profitable manner that will benefit shareholders?
Q3 - Do you have the patience to see this through?
I think #3 is the big sticking point. I feel sorry for the folks who said yes to #1 & #2 but can't honestly say yes to the last. It's unfortunate, but it's a reality for some.
It's a resounding yes to all 3 for me. That's why I can confidently back this stock 100% without a doubt in my mind. That's not to say that this is 100% of my stock portfolio - of course it is not. But is it the one with the lowest risk to highest reward ratio? You bet your butt it is!
Again, please revisit the 3 questions above. Given what we have learned in the last 2 years with Scott Keevil at the helm as far as how he runs the company, are you able to say yes to all 3? If not, sell and take care. I wish you luck in future plays.
That's it. That's all.
Maybe so. I've just gotten used to there being meaning behind the words from this company - in SRSR's PRs in particular. Lots of "read between the lines" kind of stuff.
So I'm constantly trying to see if anything more can be taken than just what is on the surface. Sometimes there is, sometimes there isn't.
Merle is extremely careful with what information he gives out and how he communicates with shareholders (as he should be), so when he sends us an article about REEs, you have to at least give it a passing thought that he might be foreshadowing something. Especially since it comes directly on the heels of preliminary REE results in last week's PR.
I'm just wildly speculating here. Like I said, spitballing on a lazy Saturday.
Have a good one, dmbao.
Yep, you are right Tex. Some very encouraging "preliminary" results.
Just wanted to state that the numbers are not exactly quantifiable or "proven" yet as they have not been written up to NI standards (that I'm aware of anyways) and the REEs are seemingly on the backburner at present. Niobium is the focus right now and I can't see that changing any time soon unless we have a considerable financial investment from a Chinese concern (or something of the like) to pursue the Rare Earth's.
Now, that is not to say I don't believe 100% in what the company claims - I'm a believer! 100%. I'm just taking the cautious approach due to A LOT of skeptics coming out of the woodwork on this board lately. I figured it's safer to say that we have an indication of economically minable REEs in abundance, but that it is not yet PROVEN. I know you know what I'm getting at...(sorry, I'm not explaining it well - haven't had enough coffee yet!)
The long in short of it is this: At PRESENT, the Niobium deposit is our meal ticket. The gold property is something that can generate some attention in our company and potentially help to finance drilling of Nemegosenda. The REEs are our wildcard - the icing on the cake if you will. They could add billions to our company's value, but that will likely come later than the billions of extractable niobium and I don't even factor it into the equation right now. It's a "Christmas Bonus" of sorts - never count on it as part of your salary, but know that there's a good chance you're going to get it!
We're sitting on a MONSTER deposit at Nemegosenda. If you have the time and patience to see this thing through, you're going to be rewarded. I've never been more sure of anything in my investment life.
Just spitballing here, but is there any chance that Merle is "saying something" without actually saying it by sending this article to us?
REEs are our "wildcard", if you will. We have proven up (some of) our niobium. We are in the process of proving up (some of) our gold. REEs are the only thing that we haven't really been given a quantifiable amount on.......yet.
There is obviously a reason Merle sent this to us and I highly doubt it's because he wants us all to have something nice to read with our Saturday morning coffee, dontcha think?
Any thoughts here?
I think it's pretty safe to say that Monday won't see 2s!
Nice buys at 0.04. You may have called the bottom. You may not have.
Either way, you are going to be THRILLED with those 4s next year.
That is a very likely scenario, gravy...
Not sure when that day is going to come, but it's-a-comin'.
When she goes again, she's gonna go hard IMO.
It's going to be interesting to see where we close today...
Above average volume (albeit still fairly trivial) and a couple big drops from the 0.045 to 0.04 range.
But seems like we've got a bit of support today. I wonder if 0.04 is a psychological barrier people don't want to see break? (Wild speculation there)
You're absolutely right.
Short-term, we seem to be in a downtrend (i.e. a LOT more down red days than green in the past couple months).
But long-term, we are still way up from where we were last year and we seem to be forming higher base lines as we go. It's a slow and steady process, but it's going to pay off in the end.
Sorry, I should have clarified with a timeline when discussing a trend - they definitely are relative. My mistake.
I love the enthusiasm, but let's not get carried away or too ahead of ourselves.
We are still in a downtrend.
Would be great if 4 was our bottom and sparked a true reversal, but I'm not convinced of that yet. Give me a few green days in a row and then you'll make a believer out of me.
But keep up the enthusiasm (and the buying) if you can. It can't do us any harm!
In the long run his "strategy" is going to have earned him peanuts compared to yours and mine.
He'll be playing the pinkie flip game for years while we're sitting back worry free in the lap of luxury.
It's going to make it all the more sweet knowing scum like him will not be rewarded for their despicable tactics and games.
(And actually, his strategy hasn't worked - if you look back in his recent history of his posts, he bought shares on Monday. Pretty sure we're lower now than we were then. He's "losing" money too. Only difference is, he's probably already sold at a loss whereas we hold and add and have not yet seen a penny of realized loss. Big difference.)
Good advice.
I've often found that Merle is a bit like the hologram guy in "I Robot" - you know, you have to ask "the right question"...
Just keep trying until you find the answer. If you can't get it from him, start searching some of the articles found in Resource World and similar publications like that. Or go to the Junior Mining board, or Mining Mania board and post the question there. Tons of knowledgeable folks that are eager to help if they can.
Continued best of luck.
Have no idea what you're talking about. Please explain.
That's the spirit Rob. If you believe in the story, believe in the management, and believe in the proven resources, you almost HAVE TO buy here if you have the funds to do so.
I mean, that's why you bought in to this company in the first place, right? You believe in the team to execute their plan and bring to market the world class reserves they are sitting on.
At 4 cents, why wouldn't you buy more?
This time next year (and likely much sooner), we'll be laughing at the notion of 4 cents/share, and probably kicking ourselves for not buying more of 'em when we had the chance. That's my take on it anyways.
But FWIW, I commend you for recognizing that these levels are a screaming BUY! I wish you luck in getting your shares to help you average down and enjoy enormous profits when we head back up!
You're absolutely right. An off-take agreement from a Chinese concern (or other) could do the trick...
Merle (our IR) is a very knowledgeable person and I'm sure he'd be more than happy to provide you with the answers you need. If he doesn't know, I'm sure he'll contact someone who does to get the answer for you.
Drop him a line (email or phone).
Let us know what kind of response you get.
Thanks.
Great thoughts there unbeREEvable.
Can't believe I forgot about the announcement of quantifiable REEs that the Nemegosenda property is home to. That could cause a bit of a ripple effect throughout the industry and shine a new, brighter light on us.
We all know gold is the hot, sexy commodity these days. It's the chocolate of the mineral world - everyone knows what it is and can identify it easily. So, as has been speculated in the past, we might get some more folks buying into our company based on news re/ the Shining Tree property (gold) and then subsequently realizing that they've stumbled upon a company that has BILLIONS of "bonus" worth in Nb and REEs. It's a scenario that I'm sure will play out if we start getting more regular announcements about Shining Tree while the drills are still turning up at Nem.
But you're right - time will tell. It's going to be interesting to watch.