Left the swamp for greener pastures 1/17/2014
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
heh...
Is this a daily thing now?
Stickying for newcomers, if they exist
Sarissa Resources Update March 4th 2013
Sarissa Resources Inc. (PINKSHEETS: SRSR) ("Sarissa"), through its wholly-owned subsidiary Nio-Star Corp. ("Nio-Star") is pleased to release this update on the previously announced Letter of Intent ("LOI") signed in the summer of 2012.
At that time Nio-Star entered into an LOI to form a Joint Venture company (the "JV") with a Chinese State Owned Enterprise Company ("SOE") operating in the mining sector.
Under the LOI, the SOE paid a fee in order to secure an exclusivity period in which to get required government approvals, complete metallurgical testing, and negotiate the final JV agreement. This exclusivity period originally ran until October 31, 2012, and was subsequently extended until February 28, 2013.
In order to advance the project during this exclusive period a sample of approximately 900 kgs of rock from the adit area of the D Zone of the Nemegosenda project was collected and shipped to China for metallurgical and beneficiation testing at the Changsha Research Institute of Mining & Metallurgy, at the SOE's expense. The testing program was originally targeted to be completed over approximately 3 months, but has not yet been finalized. This program would likely have been more difficult to accomplish in North America, as the testing facilities would initially have had to be assembled to complete it.
While the testing process continues in China, the exclusivity period has now elapsed and Nio-Star and Sarissa have elected not to extend it. This allows Nio-Star and Sarissa to pursue other financing and development sources that have approached them, but with which they could not pursue discussions as a result of the exclusivity period that had been granted. While the original Chinese SOE no longer has an exclusive arrangement, a good working relationship was developed, and Sarissa and Nio-Star remain interested in working toward a JV with this group. Also, should Sarissa and Nio-Star reach an agreement with a different party to fund the exploration and development of its Nemegosenda property, Nio-Star has discussed purchasing the SOE's testing results.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources Inc. and Nio-Star Corp., as well as members of their respective management, in addition to the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. Neither Sarissa nor Nio-Star undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties in Northern Ontario, Canada. Sarissa and Nio-Star are specifically focused on the development of the Nemegosenda niobium project as well as the Shining Tree Resources Corp. gold project.
FOR FURTHER INFORMATION contact:
www.sarissaresources.com
Public Relations: Merle Goertz
North America: 866-307-1331
Hong Kong: 852 8174 5996
Lets find out
Josh I believe
Merles got a booth at the PDAC in Toronto next week, gonna try to go meet him if I have time between stacks of work....
I'll see your no deal and raise you a completed deal this calendar year.
That indeed was mentioned at the last AGM....
Could have just been nazi censorship, post them again, I'd love to take a looksie.
Being Canadian (living there), this CTO bugs me more than perhaps non-Canadians.... it's hard to trade SRSR up here.
I've danced my shares around to a few brokerages now...
My understanding without going and quoting sources on a Saturday night, is that once the BC securities commission flagged it and issued the CTO, there was a long list of EXTRA requirements imposed that would have to be met before the CTO was lifted.
Expensive, time consuming requirements.
I can sympathize with not advocating for intense expenditures from a fledging OTC listed company to clear what amounts to an oopsie doodle....
I see only bureaucratic red tape. I do not see a crafty CEO trying to tell the customs agent that the truckload of red wine is simply "old grapes" to avoid the duty tax.....
To that end, I also sympathize with myself.... and everyone else effected by the CTO.
A CTO looks bad, and sucks....
Dominion Gulf's numbers were never in question. Their use for a current Ni 43-101 were.
Thats too bad, because this is not BRE-X.... no one has stolen the rocks since the 1950's....
If I have green pus oozing from my eye....its bacterial conjunctivitus.... I need antibiotic eyedrops.
I can't just go to the pharmacy and ask them for those, I need a medical doctor to take a 3 second glance and write it on a piece of paper first.
Sure, the doctor is there just in case it IS NOT conjunctivitus, and in those cases I'm glad he IS there to tell me so, but decades of history tells me it is just an eye infection....
Have to jump through those hoops first to get my anitbiotics.
Have to go sit in a clinic for hours using my Canadian Socialized Healthcare card to have a doctor look and chart and come to the same conclusion. Make it all nice and proper and offical.
Doesnt mean I cant call an eye infection and eye infection based on my admittedly non-medical degree intellect, based on what I see and what I read.
We need millions in MORE of the same tests to prove what we already know is in the ground, and make it all nice and offical and current. Doesnt mean a 50 year old dusty drill core in some warehouse is wrong because we cant use its data....
I can go to my universities website and log in, and print out a detailed degree and grade audit. Its unoffical, but those numbers are not wrong.... they just wont hold up if I show up to a job interview with them instead of an expensive piece of parchment, embossed and countersigned.....
Enough metaphors, I'm confusing myself now....
Absolutely, there are stocks on the TSX.V trading below 10 cents.
SRM and RMK are two that instantly come to mind (neither are good investments, one is about to go bankrupt), but those are just two examples.
V stands for Venture. Not all ventures succeed.
No reason why SRSR couldnt end up here. But in all likelihood, it would be Niostar or its eventual end that ends up listing.... that and shining tree....
SRSR is 4 letters. As long as those letters reflect and hold value, I do not care where it is listed, however, I do agree that uplisting would be an amazing, game changing event.
TSX.V is a good option in my opinion too....
The fact that you are even able to see the post you are responding to tells tales.....
Things are looking up, I will miss goldwing though, fallen comrades.... price to be paid to smite evil forces....
I'm not greedy, show me ten cents and I'll show you a 20% downpayment on a half million dollar house. byebye!:)
Sarissa Resources Check Assay Results and Updated SE Zone Analysis
OAKVILLE, ON, Dec 17, 2012 (MARKETWIRE via COMTEX) -- Sarissa Resources Inc. (pinksheets:SRSR) ("Sarissa"), through its wholly-owned subsidiary Nio-Star Corp. ("Nio-Star" or "the Company") is pleased to release this update relating to the samples collected for analysis in China.
As previously announced, Nio-Star has collected and shipped approximately 900 kilograms of rock samples from the adit area of the Nemegosenda project to a China Research facility for metallurgical, process testing. Grab samples were selected from the shipment and sent for assaying in Canada as a check, and results have now been received. As the samples were taken from the well-explored adit area of the project, positive niobium and tantalum results were expected, and received. Two of the assays returned Nb2O5 (niobium pentoxide) results of 0.86% and 0.51% respectively. A third sample returned negligible Nb2O5 results, with 6700 ppm Ta2O5.
Concurrently, further analysis was conducted on the drilling previously done in the South East Zone; specifically diamond drill holes 10-81 and 10-83. Previous releases had detailed significant niobium mineralization throughout these two drill holes. Results have now been analyzed and updated to include final results from the bottom portion of DDH 10-81.
DDH 10-81 returned 3458 ppm Nb2O5 (0.35%) over its entire length of 230 metres, as well as 1,956.1 ppm (0.2%) total rare earth oxides (TREO) and 154.3 ppm Ta2O5 throughout the hole. Of particular interest, 81-10 ended in a high grade zone from 216.5 to the end of the hole that assayed 6399 ppm (0.64%) TREO.
The results of DDH81-10 show a high degree of reproducibility in niobium values compared to holes 56-33 and 56-35. This data provides further support of the reproducibility of niobium grades outlined by the historical results of the Dominion Gulf work completed over the Southeast Zone.
The results from the diamond drilling confirmed that the Southeast Zone is also host to anomalous values of Rare Earth Elements and tantalum; however the economic potential for these elements requires additional investigation.
Warren Hawkins, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has read and is responsible for the technical information contained in this news release.
Safe Harbor This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources Inc. and Nio-Star Corp., as well as members of their respective management, in addition to the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. Neither Sarissa nor Nio-Star undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project as well as its Shining Tree gold project.
FOR FURTHER INFORMATION contact:
www.sarissaresources.com Public Relations: Merle Goertz
North America: 866-307-1331
Hong Kong: 852 8174 5996
http://www.marketwatch.com/story/sarissa-resources-check-assay-results-and-updated-se-zone-analysis-2012-12-17
What happened here? what happened to the stickies, the ibox, and whats with all the posts restored? I left for a day and the worlds upside down?
Unfortunately if we were to request OTC stock certificates, it would be expensive and time consuming, if not impossible to have them deposited at most brokerages.
Did DMBAO not have an issue with that as well with his SRSR certificates?
I was flat out told "no chance" at 4 brokerages in Canada, and I was just curious, I have it all held in street name. Could have something to do with that pesky CTO though too....
1. Thats funny.
2. Couldnt agree more, all this stock needs is some bid support.... doesnt take much to move the entire stock up or down 25% or more it seems, just a little pressure, a bit of good news, and we are off like a rocket.
I don't think Mr. Keevil's C.V. was ever in question, he does have plenty of minng experience, separate from his lineage.
My real question is how non-institutionalized investors could / have shorted this stock. Is it not rediculously hard to short a pink sheet stock without being basically a brokerage?
I am on my iPhone on the road, it was a very big relief to have the SRSR FINRA short numbers posted, as the foum wont load properly on my phone....
No idea why this post did load, but please, re-post these as much as you can, I need to keep updated while I'm in Montreal for the next week.
I'm always up for new options, thanks!
Thats a great find, as a resident of Maple Syrup land I'd love to trade SRSR unhindered.....
Heres hoping after the chips fall theres some news, but I expect the spin outs that are not subject to the CTO to be the main focus from financing-onwards.
TD Ameritrade can still buy and sell SRSR, and last I checked (I check once a week) CIBC Investors Edge can sell, just not buy or accept transfers in of SRSR stock.
THANK YOU!!
I'm with CIBC and can only sell, plus they "are trying to get out of the sticky OTC markets" (their words) and charge 50 (fifty) dollars per trade for OTC stocks.....
Love to but I'm in Canada....
I'd be really upset if Ihub influenced the management of any company....
Sarissa Resources Check Assay Results and Updated SE Zone Analysis
December 17, 2012 07:30 ET
OAKVILLE, ON--(Marketwire - Dec 17, 2012) - Sarissa Resources Inc. (PINKSHEETS: SRSR) ("Sarissa"), through its wholly-owned subsidiary Nio-Star Corp. ("Nio-Star" or "the Company") is pleased to release this update relating to the samples collected for analysis in China.
As previously announced, Nio-Star has collected and shipped approximately 900 kilograms of rock samples from the adit area of the Nemegosenda project to a China Research facility for metallurgical, process testing. Grab samples were selected from the shipment and sent for assaying in Canada as a check, and results have now been received. As the samples were taken from the well-explored adit area of the project, positive niobium and tantalum results were expected, and received. Two of the assays returned Nb2O5 (niobium pentoxide) results of 0.86% and 0.51% respectively. A third sample returned negligible Nb2O5 results, with 6700 ppm Ta2O5.
Concurrently, further analysis was conducted on the drilling previously done in the South East Zone; specifically diamond drill holes 10-81 and 10-83. Previous releases had detailed significant niobium mineralization throughout these two drill holes. Results have now been analyzed and updated to include final results from the bottom portion of DDH 10-81.
DDH 10-81 returned 3458 ppm Nb2O5 (0.35%) over its entire length of 230 metres, as well as 1,956.1 ppm (0.2%) total rare earth oxides (TREO) and 154.3 ppm Ta2O5 throughout the hole. Of particular interest, 81-10 ended in a high grade zone from 216.5 to the end of the hole that assayed 6399 ppm (0.64%) TREO.
The results of DDH81-10 show a high degree of reproducibility in niobium values compared to holes 56-33 and 56-35. This data provides further support of the reproducibility of niobium grades outlined by the historical results of the Dominion Gulf work completed over the Southeast Zone.
The results from the diamond drilling confirmed that the Southeast Zone is also host to anomalous values of Rare Earth Elements and tantalum; however the economic potential for these elements requires additional investigation.
Warren Hawkins, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has read and is responsible for the technical information contained in this news release.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources Inc. and Nio-Star Corp., as well as members of their respective management, in addition to the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. Neither Sarissa nor Nio-Star undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project as well as its Shining Tree gold project.
Can't beat Canada..... stable as my parents marriage!
Seems logical to me.....China hauls away almost a metric ton of rocks...... we, SRSR, are going to take some samples from those rocks to test concurrently.
Why?
In case our awesome new potential JV partners Chinese lab says "whoops no good see? lets renegotiate..."
Then SRSR can say....."gee thats odd, we assayed part of the same sample, and came up with this?....plz dont lowball us".
Seems like a routine thing to do. Likewise they might like to check and make sure our numbers are correct.
I'm slightly bummed as well, but I've got the patience to see this through, I actually thought the news was rather good, but I can see why traders and some likeminded folks would think otherwise....
6 more weeks of winter!
Twas just an analogy good sir
Probably the same reason people play games at casinos, its tilted in favor of the house but theres still a chance to win big....
This is not a 15 billion dollar takeover....this is 20 million for a BFS... I think we'll be fine....
I've done it once from Questrade to CIBC, and now if / when I sell at CIBC, I'll be opening a TD Waterhouse account it looks like once I run all this by my local TD banking branch....
very frustrating....
Good to know, I'll keep them in mind in case I ever sell and want to rebuy....which I don;t forsee but I like having options to suit my needs!
We do try...:)
So, do you think our little bash and crash duo was sent in to lower the PPS so people could cover before the 15th of October when the rules changed?
Schwab did get back to me about Canadians opening a brokerage account.
They do not offer accounts to Canadians.