Long on Sarissa
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Teedlum,
Ontareeo posted this excerpt a few weeks back.
It is interesting to ponder that the Chinese may now have great reason to regret their predatory pricing in
the REE space over the last thirty years. They closed down the rest of global production but did so at
great environmental cost to themselves, and moreover exhausted their supplies in the South (which
have/had the benefit of being thorium-free). Now that they want the metals for value-added purposes the
rest of the world still has its REE reserves and China has dissipated its own and is blocked from acquiring
prime deposits outside. This not to say that Bayan Obo, and maybe other locations, cannot yet keep
supplying China but verily, one might wonder whether Chinese production has not just peaked in market
share dominance but also in absolute terms. The shoe may now be on the other foot but with premium
prices accruing to the Western (and emerging) nations sitting on commercial reserves of REE.
We could not be in a better position.
Hi Beagles,
I sent a short note to the author- Dan McGroarty- just to let him know SRSR is out here working on the shortages.
He is apparently well entrenched in the Washington scene.
Gold, that is what I did last year, and the delayed taxes make it even a sweeter deal this year. You will be able to pay the taxes with the chump change from SRSR.
Ont,
Great summation, as usual. You have the ability to analyze and wordsmith like nobody else I have seen on stock boards.
We are certainly strapping in for a wonderful ride to REE and beyond.
Ont. you have Cajones Grande!
I know this is as close to a sure thing as we will see in our lifetime, but to max out your mortgage on it, Wow!
OK, I could not take it any longer,and bought 50k @.0497. I'm freeing up some more money to take advantage of the MM's.
I still do not know how they can make money buying retail and selling wholesale, even if they are doing it between one another.
There is always somebody that is going to snag some of these shares, me included.
I know what they are trying to do, but I do not think that the current holders would sell if you strapped a suicide bomber's vest on them and said "sell or I push button".
I say, "Push button"!
This is a gift. What do you think drives the MM's to keep playing these games?
There cannot be enough selling going on to make it worth their time.
I have plenty, but I am constantly scanning my other holdings to find some reason to sell and buy more SRSR.
I'm fighting the greed bug every day
This confirms again that the concentration of REE's is sufficient to merit extraction and processing of these minerals.
Add this to the huge Niobium deposits and once again the values can be doubled.
It is hard to say how high this will fly, but this will be the best investment of my life.
Great post Piecemaker.
I agree with everything you said and think there is a strong chance of SRSR playing out this way.
Kona,
I think we are all in the same boat (that little man in our head is telling us to buy more), but how much do we need with this stock. One buck will get you ten within a year. Beyond next year is anybody's guess.
So let's sit back and enjoy the ride.
Ont,
Great post.
Do you think they might have even drilled a hole in the middle of the Lake deposit? For some reason, that dome fascinates me.
If I were looking at buying or doing a JV with them, that is certainly a very interesting deposit, based on the Geo map.
Ont,
You are right about every one having their own opinion, and the only one that holds any water is Scott's.
Still let me add mine. I think he will get the best deal he can to keep this thing on the road, and there can be some give and take on both the buyer and the seller's side. Do we risk waiting too long and see other players encroach on our golden opportunity or do we grab a somewhat smaller brass ring and get moving now.
My guess is that Scott is as tired of waiting as we are, and the pot, right now, appears to be so huge, that we will all be passing gas through silk sheets, by next year.
He will grab a golden ring and we will all be very happy.
JMHO.
Way to go Hispeed. I did the same with a few other people who were in positions that could help SRSR, and that I thought would be interested. I got two positive responses and I know one talked with Meryl.
Obert. No, I doubt that our needs are the same, but I have run a few companies before and it is very frustrating to try to run a company with limited funding, as we are.
There are so many things that need to be done, and that you want to do, but they all take serious money. I have no idea what Scott's finacial condition is, but I do know he wants to get this moving faster than we can move now with the limited funds that we have.
Besides a JV, there is always the option of venture funding. With all of the attention that REE's are getting right now, I can see some Wall Street guys giving this a seriou look. Molycorp is doing a 740 million dollar new offering within the next few months for the sole purpose of developing REE's. Another possibility is US Govt. backed loans. The RESTART program that just passed is providing funds to stockpile REE's in the US. With our near proximity and the huge deposit, we would be a natural.
es1,
You are right on, Scott knows more about this situation than any of us. He knows when to pull the trigger and on what kind of deal.
It is a balancing act between need and greed. I am counting on him.
Elis, that cartoon is perfect.
JP,
I used to agree with everything you are saying, but am starting to believe that there are many companies chasing the REE boom.
If we do not act swiftly, we may end up picking through the trash heep for the perfect partner. Opportunity often goes to those who act on it first. It can be fleeting.
I hope Scott does not hold out too long. This could be like the beautiful lady waiting for the perfect man. She will not find one, I am already taken.
Pick a good one and hit the dance floor!
JMHO
Web,
That fool is just trying to scare someone in to selling. It is almost impossible to put a negative twist on this PR.
btrain, Thanks, that explains a lot.
I had always wondered why they would bother with these insignificant amounts. They hardly seemed worth a keystroke.
Just, I sent the attorney, Mr. Stewart an email also.
Puravida,
Great find. I would not be surprised if there were some U.S. Govt. spooks peeking around our booth at PDAC.
Tenn,
I know they do this, but unless they scare some current holders into selling, how do they net anything?
Super, There is no typical deal.
It all depends on who is holding the strongest hand, and who is the most motivated to do the deal.
Great post Super. It seems that the USA is asleep at the switch on this technology.
Once they wake up, there should be an urgent charge North to Nemogosenda. I just hope the Chinese or Indians have not already walked off with this extremely valuable asset.
I am not so enthusiastic about a Chinese partnership after reading this.
I was thinking Lake Oconee, but take your pick. It's just a dream right now.
Not to worry Super, you can stay in my imaginary lake house.
By shopping, I mean looking on the internet. But, it is a possibility.
Dog, I did not have time to do the math.
I am shopping for a suitable lake house, befitting a man, who owns a small portion of Serissa.
Great report. Thank you for all of your work and knowledge.
I feel better after every post you make.
My wife is even starting to believe.
Good luck with that.
ILVELV,
Thank you, great post. When pps is down, I just look at this and say "No worries man, life is good". On top of that I am still buying shares at bargain basement prices.
For the life of me, I cannot figure out what the complainers, whiners, stocktraders, and chart watchers are thinking. Scott is banging out one homerun after the other, and they are moaning.
Good for you, and I hope the shorts feel the pain. Soon
Burk,
I grabbed 30k today from someone or some entity. If they are going to continue to try to drive our price down, I will sell other stock to get more of this.
Burk
I just placed an order for 27k. Hoping to pick off some of the MM's cash.
They must know what they are doing, but I cannot see any of us longterm guys bailing now.
Super, No problem.
My Merry Band of Men is securing it.
Pdog just joined the band, by passing the first rights of initiation.
Legend has it he is running through his neighborhood naked, without so much as a cloverleaf to hide his manhood, and making fantastic claims about something.
"According to Colin Chapman, leprechauns are given to excess, nothing appeals to a Leprechaun like a binge of whiskey, Guinness, pipe tobacco and snuff, and despite their small stature they can handle surprising quantities of alcohol."
No problem. It is easy to get caught up in the Rush! I'm loving it.
I see rainbows pointing to Nemogosenda, and that little Leprauchun dancing around the adit is Me.
PDog,
You said "the largest Niobium deposit in the world." Did Scott say this or is this just an enthusiastic opinion. I'm pumped also, just want to know.
Bullrun,
What type of activity did the booth have while you were there?
Did you happen to see their name tags or company names?
Thanks for everything.
ltoro.
Please especially look for the guy from China Investment Fund. The one that owns 3.4 billion worth of Teck.