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I have never seen that the travel expenses are booked as advertising/promotion expenses. But than, these expenses are rather hidden, as none of us noticed any promotion....
Like yesterday and recently, trading mostly in negative territory, but in much tighter range. I would not wonder that after a superb NI report or JV, the market would evaluate the news in its own way and went south...This is not normal.
Understand, any leftover has value...
As I said, my entry is 0.001, so I feel quite comfortable now...
Yes, that may be the first phase. But how much is the property explored, NI-43 101 compliant? This may take years, unless done before...
This is my wild card, but the real explosive with pretty well proven value is sarisssa resources.
Reminds me LBSR last year. Highly speculative stock driven by emotions, until some bad news gets the stock back. The only thing is how high and how long it will climb? My entry is around 0.001, but still hold.
JP, not really, but to be frank, I was quite surprised by his answer even without an exclamation mark. Seems that even for him it is difficult to keep his lips tight and that he is excited... I cannot imagine that "the disclosure" could mean a disaster, end of funding, failure in a deal or whatever, then he would not mention anything. Who knows how far from the revealing the whole iceberg we are, but things are getting sharper contours. The final reward must be sweet and compensate our grey hairs, high blood pressure, insomnia and other sideeffects of this manipulated bastard...
And now only 5.972$ to 6 as the target!
And in case of violation of the rules, how can these violators be prosecuted? With immediate effect and huge penalty, or...?
When asking Merle about more details and time frame of the record date, knowing well he will not reveal a thing, I got typical but very promising answer:
There will be more disclosure in the near future.
Merle
Anyway, the selling pressure pretty huge. Look at the volume, almost the same like the whole last session on Fri...
Pretty wild beginning of the session.
This is a sad example how this exploration stock was pumped up on irrational expectations, and lack of proper exploration and results, being pretty far from NI report, driven by emotions. It does not mean that the value does not exist there, but nobody recognized it so far and cannot quantify it, and this process may take a long time. Last drilling results clearly showed that the excessive depth of mineralization is a big problem.
I did not manage to buy 41k more, unfortunately...
If this is the last 13th day, so instead of naked shorters regular shorters took over the flags, result still the same regarding the PPS...
This topic has been discussed hundred times: I don´t like pumping or hiding facts in stocks, but where SRSR is sure it is better or ahead, there it should also "sell" its superiorities and advantages in an intelligent way...
I am hoping in that also, but on the other hand, are all other investors so stupid, when they have the same information as we do and stay away?
Several lines below, web writes
...And we have estimates from Keevil and Hawke of over 200 million tons within these SE and Hawke zones and an unknown amount in the other magnetic highs under the lake and in the SE2 zone....
Web,
I would modify your post a bit what maybe most of us feel:
I am wondering (and quietly envying-why did not I buy them and after selling with nice profits I could buy more SRSR...) when seeing other properties with 1/3 of our grade, buried under 500ft of overburden, permitting issues, tribal issues, no metallurgical data, etc all taking off in spite of these obstacles....
QREDF also announced today similar news with Nb
http://www.proactiveinvestors.com/companies/news/12979/quantum-rare-earth-reports-83mt-maiden-resource-at-elk-creek-niobium-project--12979.html
But they have just slightly over 20M shares...
I have some more dry powder, but was waiting for a bit deeper dip. Will keep it just in case for the future...
It´s a bit brutal trading, only the limits of 10% - up and down.
If these crooks do not find another way how to get out. They are usually ahead before legislation, like any crime.
That´s why we all are here. Belief in the property and management, based on enough facts that made us to invest with high reward/risk ratio, yet the quantity of information we are provided is not high.
Seems we may release seat belts, smooth landing on earth, as many times before. Next time...
Onta, perfect, but I suggest the ladder should have more steps, I wouldn´t mind at least 100-200 (bagger)...
Twelve days facing selling pressure, testing lower lows day by day. Is our DD that complicated that most investors don´t get it, or are we wrong? Time will tell.
The whole issue with CTO is what I don´t understand, 9 months or so since it came into effect, and still active... However this BC specialty may seem stupid, SRSR should respect and get rid ASAP, whilst....
This stock and its CEO are a nightmare. 9 months ago PR´s and "news" every day, now silence and unmatched promises. Boom in energy/EG/crude and this stock has been continuously dipping....
Maybe I did not express too clearly: planned not attending PDAC means it is not necessary, or even undesirable. If Merle does not lie, Scott is doing something else ("he is on the road", this is what I say that when I am on the way to attend my clients, more precise would be perhaps "in the air" for Scott). My deduction that "the else" is much more important than attending PDAC. "The more important" may mean more things, my interpretation is that most likely those targetted to the deal. For me this is positive.
I think my not said conclusion is the same as yours.
All of us agree I hope that PDAC is the very important event. I understand that Scott whatever he is doing, is more important than PDAC. Don´t think that there is something personal in it, as not attending PDAC was planned some weeks ago. The only explanation would be that SRSR is in so serious lack of money, that it cannot afford it, but on the other hand PDAC would be the only chance where to get the money (via a contract and so on), if it weren´t for other opportunities.
Seems that promising uptrend has been blown off, and playin very defensive play recently. No news no fuel...
No protection, only good DD, it is always the most important and decisive issue, and that is the strength of small investors like we are.
At least CTO canceling, as the easiest step. But 8 months since it came into effect and no result. Seems SRSR does not care at all..
Just good luck, probably depending on broker. Also like you I was waiting for executing PO hours, and in vain. Now it was a matter of several minutes. It is back up now...
Pretty easily, piece of cake buying 40 k more at .0305.
Pretty easyly, piece of cake buying 40 k more at .0305.