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Nice Terb. I would agree with what is posted there...The only notice folks are going to get about sales has ALREADY been made.
So if there are any fence sitters out there waiting for a follow-up indication that sales are ABOUT TO BE made, I don't think it's coming.
The next PR could very indicate that sales HAVE BEEN made and then, well...you can figure out for yourselves what the stock price might do...
Coming into the winter season, I suppose the "snowball effect" is a fitting analogy?
"Dismal NI report"......
Oh. Boy.
Somebody else want to take the lead on this one or should we just let it go entirely?
Anyone? Anyone? Bueller?
And just so everyone is clear, we're looking at a SPNG & EESO player here, so feel free to draw your own conclusions...
I think everyone here should take a long, hard look at Allana Resources Inc. (AAA on the TSX-Venture exchange; ALLRF on USOTC)
website: http://www.allanaresources.com/
Have a listen to the radio interview with the CEO about their current plans for end of this year & Q1 2010. (Interview was done in July. Link can be found on front page of website.)
Volume has been increasing of late due to some very interesting news about potential financing partners (multiple offers). They've been getting some good pub in Resource World and Financial Post.
Currently trading around 30 cents on the TSX-V...which, IMO, will seem like quite the bargain in very short order (could be an EASY double when they announce details of a financing deal with what are believed to be VERY attractive terms).
Just something to chew on over the weekend.
Thank you for the reply Mr. Calahan.
I appreciate the fact that you have been holding for a couple years and are devoted to the story, the company, and the management team - I am in an identical situation with another junior mining/exploration company where I've being holding through the ups, downs, shakes, manipulations, market forces, etc. over the last 2+ years.
When you identify a great story and find it at a price you consider to be exceptional value, you ride it out until you reach a point where you feel fair value has been met. That is when you sell and (hopefully) realize a profit for your patience and devotion. The stock I currently am heavily invested in (see the majority of my posting history to see which one, if you are so inclined) is nowhere near it's true value. So I will hold until I feel it is. I trust you will be doing the same here.
I'm doing some digging about this company as I just recently came across it from another posting board. I take a very cautious (borderline skeptical, I suppose) approach when looking into a given company. So that is why I ask questions here - to get answers from folks more heavily invested and considerably more educated about the company than I currently am.
All the best with NBRI and your other holdings.
Thanks bg...I appreciate it.
I've been doing a bit of DD here looking to add a starter position and wanted to ask a couple of questions (apologies if they are "newb" questions - just trying to learn):
1) Has anyone here from the board had a conversation with Perry Leopold about his direction for the company? What kind of man is he - i.e. a straight shooter, nothing but the facts kind of guy? Or is he more of the salesman type?
2) Do we know what Mr. Leopold majored in at the University of Pennsylvania?
3) How does the share price historically react to positive PR's? By that I mean, does it rise in anticipation of big events? Or does it spike following the actual release?
We'll start with that for now. I'm going to keep digging.
Thanks in advance for any info you educated longs can provide.
Now why would you say that?
Kind of just a "drive by" post there - I'm curious to know your reasoning...
I think what you mean is $11,000 traded at the ask, $2,000 traded at the bid.
Every trade is both a buy and a sell.
Just sayin'...
But your enthusiasm is justified. The more people that are "slapping the ask" is normally a pretty good indicator that confident money is moving into the stock rather than out of it. General investor sentiment seems to think this will go up based on Friday's trading, IMO.
Best of luck next week.
Hey Tajitj...
Been doing some DD on NBRI. Looks like they have some very nice properties and their intent to uplist (even if it's just to the OTCBB for now) is always a step in the right direction.
When looking into a stock initially (particularly those on the pink sheets) I like to take an ultra-conservative approach and try to find the worst-case scenario and identify any potential red-flags. If they all check out and the price seems like a good entry point, I'm happy to take a starter position.
A couple items that concern me with NBRI that you may be able to shed some light on:
1) The management team doesn't really "knock your socks off". This is a SUPREMELY important piece of the puzzle for junior miners/exploration companies. The captains of the ship, if you will, are at least as important (if not more so) than the deposits their company holds ownership of. Don't know much about Perry Leopold. Tough to find real good in-depth info on him. The company's website says that he "was educated at the University of Pennsylvania" - do we know what in? That's all well and good to hold a degree, but if it's in Psychology and you're trying to run a mining company, I'm a little concerned (for the record, I'm sure it's NOT psychology!) Leopold also seems to be wearing a number of other hats right now (Speebo and Circular Logic in addition to NBRI). I really hope he's not spreading himself too thin trying to oversee more than he can. You really want the President & CEO devoting his full and undivided attention to YOUR company (i.e. the one you have partial ownership in via share holdings), right?
2) The company's website is rudimentary (at best). You'd think they'd take a little time (or pay a little bit of money) to spruce it up a bit. It looks like it was done using FrontPage '97 if I'm being honest. I know, I know - the website doesn't have anything to do with the quality of deposits the company holds, but it doesn't take much to at least make it look professional, you know?
If you could provide any more info on the company and it's management I'd appreciate it. I think it has the potential to be an excellent value play under 2 cents, especially after the uplisting process is complete. I just think there's a couple of "potential" red flags (at least for me anyways) that might need to be addressed.
Best of luck. Hope this play does well for you, t.
EDIT: One other thing I noticed is that a quick glance at the chart shows a short-term downtrend off a recent quick spike to 0.033. Looks like 0.015 might provide some support and be a good place for it to bounce (if it even goes that low). MACD heading down on the daily chart, but RSI looks like it's bottomed and could be ready to head back up. In my experience those are a couple of the more reliable TA indicators. Disclaimer: I'm a lousy TA analyst, so would love to hear your thoughts on that. I could be way off base.
Game. Set. And, oh yeah...match.
At some point I suppose we just have to appreciate this for what it is: comic relief...don't you think?
I'm actually starting to get embarrassed for the other guy...poor little fella. Had no idea what he was getting into.
I liken this to him voluntarily jumping into a lake and then remembering, "oh crap, I can't swim."
100% correct. I always get a chuckle out of the whole "buys vs sells" comments....
Good stuff.
And yet another lie...
I am in no way, shape or form "making your point" for you...The money that the company does have is being put towards drilling and proving up as much of our resource base as possible - as is the plan that Scott Keevil & co have set out.
Spending any money on other items at this time is illogical.
This point has ZERO bearing on the company being listed on the pinks. You're grasping...
And I don't believe the "risk of failure is high". Is there some risk? Yes, I have never said any differently - nor have any of the other educated/informed holders here (I stress educated/informed given current present company). Is it "high" relative to other stocks (regardless of exchange in this economic climate)? Absolutely not. Not with this management team. Not with the assets PROVEN to be in the ground.
And I am not taking this personal. But I do object to your initial statements about the company, considering they are PROVEN to be false (i.e. a lie). I just thought it a good idea to state the reasons why you're full of...well...you know.
This will be my last response to you as I don't want to waste any more time sniffing your particular brand of BS.
Fair enough. I just like to make sure that the good name of Keevil and Sarissa are defended when slandered.
I don't take lightly to certain accusations and comments about the company, especially when the individuals (i.e. Scott, the late Mr. Hawke, Cam) are here to defend themselves and their hard work.
Who is "ignoring the risks"? And yeah, SRSR is down in the pinks for a reason - it's called MONEY! Since we don't really have a revenue stream and it costs a considerable amount of money to have audited financials done and uplist to a higher exchange, it would not be prudent for management to do so at this time.
You are putting words in people's mouths and manipulating your own previous posts.
When you get caught in a lie, it's better to just admit it and move on. You're scrambling now and it shows...
We aren't talking about guarantees.
Now YOU are the one manipulating your own words, which by the way are visible for the entire board to see.
You said that DD on pink sheet companies is manipulated and not to be trusted - I countered that SRSR has "DD" that CANNOT be manipulated. It is proven by the strictest of standards.
Never, before now, was there any discussion of guaranteeing success...you're trying to weasel out of a hole that you've dug yourself into, and sorry friend, it ain't workin'!
And I'm not "easily insulted" - I just take issue with liars and those who spout off at the mouth when they clearly are uneducated about that which they are talking.
It's not that I don't want to hear it, everything you said is NOT true and my last post to you proves it.
Do yourself a favor and look up what it means to file an NI report. If you can find some way, some how that this can be "manipulated" or dismissed b/c it relates to a company trading on the pink sheets, PLEASE enlighten me!
Somethin' tells me your search is going to come up dry.
This post is patently false.
With big boards you can get real verifiable DD, in Pinks even the DD is manipulated.
Ummm, how about the NI report? So you're saying this is a manipulated report? I think the government, the company, and the greater mining industry would have to STRONGLY DISAGREE with you.
...just cause someones has a father that has done well, means nothing
To say that our CEO being Scott Keevil means nothing is one of the single most asinine comments ever made on this board (and that's saying something!). Not because of who his father is, but rather because of his very own history in the mining community and that of the late Mr. Hawke, and Mr. Cheritan, means more than you seemingly can comprehend! I take the above statement as an absolute insult as should anyone who knows the true quality of individual (personally and professionally) Scott Keevil is.
Perhaps it would be prudent if you did some actual DD on this company before you let your fingers get anywhere near the keyboard. Just some friendly advice...
any day you buy SRSR is a "good day" IMO
but i get your point...
some people buy into strength and sell if a predetermined level is hit (i.e. a stop-loss of sorts)
different strategies, ya know? it'd be nice if we could all make money, but people who do what you are saying are necessary for you and i to maximize our profits...nature of the game.
Nice technical observations.
I am not much of a TA guy, myself, but from what I can draw from the various charts, we seem to be oversold and in a position to rebound from this long, slow bleed.
If we were to trade in the 5-7 range for a while, I suppose we could just call it consolidation until the next leg up.
But really, WTFDIK? Maybe we drop more. Maybe on Monday we see the start of a big ol' rebound. I honestly haven't got a clue.
What I'm pretty darn confident about is that we'll be trading at a much higher price this time next year. Likely we'll have experienced a couple spikes and selloffs in that time as well. Just have to weather the storm and have a gameplan for selling - and stick to it!
I've got a target price in mind, and I'm pretty sure it's not going to be achieved for a little while yet. So if this bleed continues, I say beautiful - more for me! More to sell at my target price.
So well said, P.
No investment/trade comes without risk. If it did, nobody would ever work - they'd just trade stocks.
And I'll echo your sentiment that this is one of (if not THE) best risk/reward opportunities out there right now.
That's why I continue to hold, continue to add, continue to have faith.
That's why I'm loving these drops. 5 and a half cents? Are you f'in kidding me? If people want to sell at this level, I'll gladly take their shares and laugh all the way to the bank (and subsequently to the islands!)
Does Asepticsure have any impact on psychological terrorism agents? I can think on a PERFECT test subject for trials...(I'll give you a hint: it rhymes with ShmandShmenny)
Ummm, yeah - I have a thought on that:
Shareholder meeting is about # 4,362 on Scott's list of priorities! (that's an approximate guess, of course)
I think we can surmise from the PR's and IR that appeasing us wee little shareholders AT THIS POINT IN TIME is the least of management's concerns. That's not to say they don't CARE about shareholders - quite the opposite. They are following their plan to ensure MAXIMUM SHAREHOLDER VALUE (for those a little slower than others - that includes themselves!).
Drilling is the biggy. Proving up resources, proving up resources, proving up resources - that's what it's all about at this stage.
When we have a better valuation of the deposit (our foundation, if you will) then we can start to think about entertaining financing offers. When that happens, we'll start to have money flow and can think about audited financials and the uplisting process. It will be after all of this (which is going to take some time) that we'll start to act like a REAL big board publicly traded company and consider things like shareholder meetings.
But that's just my take on it. Anyone else?
how much "support" does the 200 day ma typically provide?
to be honest, i normally couldn't care less about TA and don't see much merit in it (on account of the hundreds of times it has been proven inaccurate relative to the few times it's proven to be a reliable indicator)...but to pass the time in these slower periods between news releases, it's interesting to hear how some of our resident technical players view our chart
thanks in advance
Agree 100%. Never, and I mean NEVER, "invest" a penny more than you can afford to lose on the pink sheets.
No matter how good the story is here, there is always the potential for something crazy to happen and for this to be worthless.
Do I have even a hint of doubt in this company? No.
But is there even a fraction of a percent chance that we could be back to double or triple zeros? Yep, there is. But it is just that - a fraction of a percent in my opinion.
And I would say that we have better than a 50% chance of trading over a dollar within a couple years time.
You will not find better risk/reward than we have here.
Period. End of story.
fair enough...
i would agree that it probably shouldn't be posted that "this is the bottom" or "there's nowhere to go but up"...i appreciate the optimism, i really do - but it is prudent, especially in this economic climate, to be REALISTIC (or at the very least cautiously optimistic)...no one here can say for certain that this is the bottom. and unfortunately, yes there is the potential for it to go down from here...
the long in short of it is - there is much more potential IMO to go WAY UP from here than there is short-term downside risk...
the risk/reward here is better than anything else i've ever found...if it goes down more, i'll buy as much as i can...because i, personally, am convinced it will be much higher in a year's time and i have that time to wait...
Likely no. He's a busy guy and unless there is a good, sound reason for him to do so, he won't be making an appearance solely for appearance's sake. It's just not "the way he roles"...
When there's news to report, he'll have it done so professionally and via the channels he feels are best to create the investor awareness he deems necessary.
Otherwise, all will remain quiet.
This may be frustrating to some now, but we will be so thankful in the future that we have a long history of "no pump", just the facts. This will do us huge favors when it comes to potential JV and financier suitors, as well as during the uplisting process to a more "reputable" exchange (TSX-V, perhaps?).
Just my two cents.
So, you have sold your shares then I take it?
Otherwise I'm failing to see your point...or why you ever (supposedly) have invested here in the first place.
If you thought SRSR's share price would only be appreciably higher when they are fully reporting with audited financials showing revenue (i.e. not just minerals in the ground), then why would you have already bought in?
I'm seeing some dots here that just don't connect...
Uh oh. Someone's been naughty. That's too bad. I feel for him...
Wait a minute, no I don't. That's where posting board criminals belong - posting board jail.
It's good to see that we're starting to clean up the trash around here.
web...
I never pegged you for the bleeding heart type. It's too bad you've been swayed by the BS. I expected more.
I have all the sympathy and respect in the world for folks did their DD, identified this as a potential gold mine (pardon the pun) and who bought in to this company at .10 or higher and are seeing their investment in the red. It's understandable if they are less than happy right now.
But there is a right way and a wrong way in expressing that displeasure or uncertainty. The person you feel is being attacked did it the absolute wrong way. No ifs, ands, or buts about it. Coming on here whining about how further decline is imminent and that the sky is falling is not the right way to go about expressing your concerns. It just isn't.
Why not say that you're a little concerned with the share price and look for reassurance (which is what the person/people in question are ultimately seeking) by revisiting the info in the IBOX - you know, the FACTUAL stuff in the ibox that explains about our multi-billion dollar deposit; our multiple world-class properties; our all-star management team; our progress over the last couple years...you know - the meat and potatoes of the company that you own a part of!
Or, why not ask some of the better educated longs here what they think might prove to be a positive SP catalyst? What news releases can we speculate on in the near-term? What, in our opinion, are the priorities of the company right now? That kinda stuff...
Like I said, there is a right way and a wrong way to express concern when your investment is in the red. If all you want to do is whine, complain, bitch and moan, you should sell. Because no matter what anyone says, you've likely convinced yourself that you are part of a loosing investment decision - so salvage your losses and look elsewhere to make them back.
After all, do you think Warren Buffet is sitting at his computer wringing his hand, looking for someone to wipe away his tears when Birkshire Hathaway has a few down days? ...I'm inclined to think he's not.
Sarissa Resources is about as sound an intermediate- to long-term investment as you're going to find ANYWHERE - regardless of exchange. The management is key and should be proof enough. If it's not, we have multiple world-class properties that have PROVEN assets in the billions of dollars that will soon be proven to be economically viable to extract from the ground, bring to market and start recognizing immense profits. This all takes time and we have the team in place to see it through. You're either on board or you're not. It's always been this way here. If anyone tried to tell you different, they were doing so for their own personal gain and not for the collective good. I am here for many, many more months (years, likely), so what do I have to gain from giving others false pump to artificially raise the price temporarily? This is going to rise on its own merits and there's nothing you, nor I can do about it.
So, let's just all try to constructively go about expressing our agreement and/or displeasure with the past, present and future state of affairs for Sarissa. In the end, we'll be laughing about this - I promise you that.
My promise may mean little to you, but it means a lot to my wife and family whose quality of life I will help to improve with the considerable wealth I generate from this stock.
There's little more I can say to you than that.
Hold tight, be strong and trust in the FACTS of the company.
That depends...do you know the password, the secret handshake and where we secretively meet on non-trading days?
If not, that's cool...we don't have any of those things yet anyways.
But you can be a card-holding member if you have accumulated shares in SRSR and understand it's short-, medium- and long-term prospects and have an appreciation for the actual value of the company over those timeframes.
So far it's actually a pretty exclusive club. But we're hoping to grow and are always open to welcoming new, deserving members!
Nice accumulation!
I'm confident you'll be rewarded very handsomely in the intermediate term (6 months to 1 year).
I'm even more confident you'll be a very wealthy man/woman in the longer term (1-3 years) if you should choose to hold that long.
Well done. Welcome to the Brotherhood of Intelligent Sarissa Accumulators (BISA) - it's a new support group I'm starting... ;)
I don't believe we'll see any sort of JV or financing deal on Nemegosenda any time soon. I think Scott is starting to get an understanding of just how mammoth this property is and will want to prove up as much of the resource as humanly possible, so as to ensure that potential financiers are falling all over themselves to get a piece of the proverbial pie.
Financing on Shining Tree, on the other hand, could IMO be announced any time following the initial NI - which is supposed to be underway now, or in the very near future.
That's JMO based on what I've learned in the last couple years of holding here.
I'm sorry, I thought you just said you hadn't sold a share yet.
So, you have NOT lost any money, much less "to the tune of thousands of dollars".
Get a grip. Quit your bitching and forget about this stock for the next several months. Check back periodically to see the new developments and chime in with your (constructive) thoughts on where the company is.
If you needed a quick gain, this was NEVER the place to put your money. No one here worth their salt has ever said this was good for a flipper.
So if you can't handle it, sell. Otherwise, shut up, quit the hand wringing and indecision and let the company do what it needs to do to make us all a boatload of money. It's just going to take time.
Yeesh...some people.
Perfect. Sell. Good riddance. You're obviously a "weak hand" and we're better off without you.
I am embarrassed FOR YOU that you supposedly bought into this stock knowing what it had going for it, and now, despite the fact we are FURTHER ALONG in our progress towards being a revenue-generating mining company, you are wringing your hands.
Just sell and rid yourself of the "worry" and anxiety.
Pathetic...
Sorry, but I have no sympathy for the ignorant.
Why?
News will come out when there's something newsworthy to report. Developments ARE HAPPENING, we just don't know about the exact specifics of what they are. With every day that passes, with or without news, is a day closer to achieving financing, uplisting, moving towards being a revenue-generating, fully-operational mining company.
I am in no hurry for news. If the price happens to drift lower, I'll buy more shares. If news hits and we spike a bit in price, I'll buy more shares into the run.
I'm still holding firm that anything under a quarter is a tremendous buy here intermediate- to long-term (1 to 3 years).
So what's going to be our 9th symphony?
JV on Shining Tree? Nope, not big enough.
Off-take financing at Nemegosenda? Nah, that ain't gonna cut it.
Uplisting to the TSX-V exchange w/ simultaneous listing on OTCBB? Nice, but still not big enough.
I think all of the above are going to be great and within a couple of years, we should have achieved all of them. By that point our PPS should be somewhere...well...MUCH higher than 6 cents.
But can you imagine what the PPS is going to be when we see that first quarterly report('cause by then we'll be fully reporting) that shows revenues from the Nemegosenda property (i.e. we are a fully functioning/producing mine that is sending product to the market)?
How can you NOT be falling all over yourself to buy more shares at 6 cents? I know I am!
Sell your shares and quit your juvenile whining.
No one wants to hear it - we aren't here to hold your hand, pat you on the back, and tell you everything will be just fine.
You saw value in this company when (IF) you initially bought in. That has not changed.
So suck it up. Every stock has ups and downs. This one is no different. This one's ups are going to be much bigger than it's downs in the future. When, exactly, in the future? No one can tell you. But this is about as sound an investment opportunity as there is out there, regardless of exchange.
I'm just venting because this bellyaching is pathetic. Grow up and understand that this one is going to take patience. It has always been this way.
I'm assuming it wasn't an AON trade?
If that's the case, not sure why it posts as a form T (after hours)...since there's no after-hours trading on the pinks. Normally those are just showing a trade that didn't get posted during normal trading hours - saw it happen quite a bit on heavier volume days a couple months ago...haven't seen it for a while though..
Not sure, brother...wish I could be more help.
thursday EOD rally?
everyone saving their bullets til the close, huh?
was looking like there was waning interest there most of the day...would be neat to see some big orders go through in the last 5 mins.
I don't think that was his/her intent at all...
I think the moral here is, it's ok to talk about the fact that we are considerably undervalued, but it's UNNECESSARY...Anyone who knows anything about this company knows the value is much higher than 6 cents - so why not just forget about that discussion and load the boat until we feel we are approaching a more fair valuation...
But that's just me. I'll let him/her speak for themselves.
I can see where you're coming from...
These prices are viewed by many as an embarrassment; an insult; a cause for anger, worry and doubt.
I choose to look at them as an opportunity. This company is going to be in the "growth" stage for YEARS. That's not to say that nothing is going to happen in that time...but rather that we will developing our company, and constantly redefining (i.e. IMPROVING) our value. That will be reflected in the share price along the way. We'll have lots of ups, and likely just as many downs. Just so long as the former outnumbers the latter, we're golden.
But if you are serious about seeing this through, then just keep firing what money you CAN AFFORD TO put in here and sleep soundly at night knowing that it's appreciating in value, regardless of whether the CURRENT share price reflects that.
In my honest opinion, we are WORTH MORE at 6 cents than we were at 20.9 cents. Because our company is that much closer to arranging financing, uplisting, proving up more resources, entering into joint venture or off-take agreements, etc., etc., etc.
I couldn't be more confident in a company and I won't have a single shred of doubt unless they PR that Scott Keevil has tendered his resignation and Nemegosenda is full of marshmallows, not niobium.