Long on Sarissa
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This is just a guess, but I think it is the China Soverign Fund that has big plans for us.
They made so much money on TEC that any investment they make in SRSR will be a very small portion of their profits.
I believe he was referring to when he made his investment, when they were selling around $3.
China Investment Corp., the Asian economic superpower's hulking $200-billion (U.S.) sovereign wealth fund, has been quietly accumulating stakes in resource firms including Canada's Kinross Gold Corp. (K-T17.87-0.68-3.67%) and Potash Corp. of Saskatchewan, (POT-T109.34-1.71-1.54%) according to a filing with securities regulators.
CIC, whose chairman is former Communist Party of China insider Lou Jiwei, has spent billions of dollars on mining and energy related investments, the filing with the U.S. Securities and Exchange Commission reveals. China is the world's largest commodity buyer and part of the fund's mandate is to invest directly in materials producers to offset China's costs.
The regulatory disclosure also shows that CIC has turned an impressive profit on the $1.5-billion it invested in debt-laden Teck Resources Ltd. (TCK.B-T34.500.300.88%) last July.
China Investment Corp., the Asian economic superpower's hulking $200-billion (U.S.) sovereign wealth fund, has been quietly accumulating stakes in resource firms including Canada's Kinross Gold Corp. (K-T17.87-0.68-3.67%) and Potash Corp. of Saskatchewan, (POT-T109.34-1.71-1.54%) according to a filing with securities regulators.
CIC, whose chairman is former Communist Party of China insider Lou Jiwei, has spent billions of dollars on mining and energy related investments, the filing with the U.S. Securities and Exchange Commission reveals. China is the world's largest commodity buyer and part of the fund's mandate is to invest directly in materials producers to offset China's costs.
The regulatory disclosure also shows that CIC has turned an impressive profit on the $1.5-billion it invested in debt-laden Teck Resources Ltd. (TCK.B-T34.500.300.88%) last July.
I just saw an interview on CNBC with the Canadian chief of China's Sovereign Wealth fund, and he said China's largest investment is in Teck resources.
He also said how happy he was with this investment.
It would not be much of a stretch to see a relationship developing between TCK/SRSR and an investment from China in SRSR.
I am sure there has been some discussion between this guy and Daddy Keevil about SRSR.
What do you think?
I grabbed some too. I had to take a small loss on another stock to get them, but this is my base stock. Anything I can do to add at those prices is a smart move.
Kenyon, you are right on the button. All the Monday morning quarterbacks do not even understand the problems, let alone know the solutions.
We have a good man running the show and he knows more about mining than these critics have even dreamed of.
A little long? This would be a deal breaker for all hospitals.
I hope they are thinking once a day or after special, dirty cases.
Some of the sellers could also be buyers. I sold some SRSR in a personal acccount and had to wait five days to put the money in my Roth. I think I picked up a few shares because of the lower price when I repurchased in my Roth. No big deal, but I did not loose any.
With the huge upside potential on SRSR, it is crazy not to have a bunch in a Roth.
Thanks Edge. That is the number I have been looking for. I hit my goal of joining the million share club, but as some of my other stocks move up, I will be buying more at these prices.
From what I understoood, this new German product was for sterilizing surgical instruments and endoscopes.
The J&J product Cidex might get hurt.
I grabbed some at the end of the day, and I had no intention of painting anything. They were cheap and I grabbed 30k at .047.
ILVELV, So if SGS comes back and identifies the best process for our deposits, will they be the company to do the large scale processing.
I see they are relatively close to us, which would make transportation easy.
Burk, I read this report also, and everything that I could glean from it was positive. However it was dated July, 2009 so the information was fairly current.
My take away from it was that everything was done in an exemplary fashion, but there was still more drilling needed to be "compliant".
Was that what you got out of it?
Once you mine it, where would they refine it. I am not sure if "refine" is the correct word.
What do you do to get Niobium & rare earths into a saleable commodity?
Can one of you REE guys enlighten me?
Thanks.
Big companies rarely start out as big companies. McDonalds, IBM, Microsoft, and thousands of others struggled for years before achieving success. None of the ones I just mentioned had the resources or experienced leadership that SRSR has.
So I will take my stock and wait patiently, while you continue to try to BS others into giving up their shares. Good luck with this company, it isn't going to happen.
They might be getting some cheap shares, but the volume is negligable. Could be an MM trying to panic some seller.
I think they are wasting their time with our current stockholders.
I might just buy a few just for grins.
Medical devices have an easier time getting FDA approval since they are not systemic in nature.
Since this is a life saving device it could even be easier.
It appears to me that for the patients in these studies death is almost certain w/o this intervention. IMO
This surge is the "Ontareeo effect". Nothing against Merle's PR, but almost nobody knew what it meant.
I understand his not wanting it to be promotional, but it should have at least been in laymen's terms.
Thank you Scott, Merle and Ontareeo. This run is going places....
Hold on. They have a call in to Madame Fifi, but her crystal ball is foggy.
Ontareeo,
Awesome summary and presentation.
I would think this will be read and acted upon by many future investors.
Thank you
I overshot my goal of 1 million shares by 9k. I will happily wait now for Scott to put the finishing touches on his plans.
It would be nice if the pr's were a little more readable, but that is a minor irritation. In fact, it might have contributed to my 1M. share accululation at an excellent price.
Burk, as always, I agree with your post. Sounds fishy to me.
Does anyone have enough knowledge of gold mining to put a dollar amount projection associated with these findings.
I realize there would be a number of cautions associated with any estimates at this point.
The report sounds wonderful, but needs interpretation for laymen.
Ontareeo, I would be happy to review your update.
My email is elor2443@bellsouth.net
In looking at the charts listing the minerals we have in the Hawke and SE zones, I see that we have over 1.3 million tons of neodymium. This might have been listed before the most recent new finds in the SE zone.
We should be able to meet the world demand, outside of China, for a very, very long time.
We do not have many employees or transactions. I cannot see the audit costing more than 20k.
Great write up on Canadian resources and TECK in The Maple Leaf Memo.
http://ezines.kci-com.com/display.php?M=567359&C=36697339a1b407b30db9827a47a3d07c&S=9204&L=16&N=6150
Maybe we will be mentioned next year?
Thanks Ripper, I had asked the question.
Afterwards, I was thinking maybe the rip covered the length and width, but I don't think this was indicated anywhere. So, I think, your explanation is the most plausable.
PS: Do you have mining experience?
Spark, they ought to at least give these bashers some basic knowledge of math and grammar before they turn them loose on these boards.
They might also want to check out the boards they send them to, since they have little or no chance of loosening our grip on our SRSR shares.
It is difficult to argue with somebody that thinks a stock can go down 400% Lets see, at the current price that would be a value of -15 cents.
The sky is falling!
Cork, that would be my guess also, but just a guess. I hoped someone, who had mining experience, might let us know if this is how it is done.
We should know soon.
That makes sense for the depth, but what about the width and length of the mineralization?
Does anyone have an idea of why they only drilled two holes in Shining Tree and then went back to Nemegosenda? Do you think they found what they were looking for with just two holes?
I know the trenches on top had great results. So maybe these were just confirmation drill holes.
I WOULD SAY SRSR SCORES HIGH IN EVERY CATEGORY BUT NO. 6 IN THIS ARTICLE FROM MOTLEY FOOL
The Highest Possible Returns. Period.
By David Gardner
December 19, 2009
In 1992, I was 26 and already spending my fair share of time online. For several years, I'd been a satisfied customer of America Online. Although I liked the service, I decided not to buy shares of the company at the initial public offering that year. I thought I'd wait awhile. (Idiot.)
I kicked myself for two years while the stock quadrupled. In the spring of '94, I followed my instincts and became an AOL shareholder -- in spite of an article in a major financial publication that declared AOL grossly overvalued and predicted that the stock would decline by 35%.
The following year, the stock dropped 25% or more three times. And then in 1996, shares absorbed a drop of 65%! Despite these setbacks, the company went on to wreak havoc on both the business and journalistic establishments, en route to putting up some of the best returns available during a decade of great investment returns.
Even with all the temporary downturns, and even though the stock is today down from its all-time high, my initial investment has still increased about 25 times overall -- which amounts to an annualized return of more than 24%.
We'd all love to find the next AOL or Wal-Mart (NYSE: WMT) or Netflix. That goes without saying.
But how can ordinary investors like you and me -- a couple of regular Fools -- find the next great company? It's not impossible. If you can train your eyes to spot innovative companies breaking the rules in their industries, you increase your odds dramatically.
You can't score if you don't shoot
The Wise of Wall Street would chalk up AOL's 25% annualized gains to luck. "No one can really identify the great companies of the next generation," they'd say. Growth stocks are too risky; it's best to avoid that style of investing altogether and let a Street "expert" manage your investments.
I disagree. Investing in great companies early in their high-growth stages and then holding them for the long term will provide the highest possible returns. Period.
We call those companies Rule Breakers. Our investment service of the same name seeks out the great growth stocks of tomorrow -- the potential AOLs -- before the Street catches on.
Think big, but keep an eye on the basics
Boiled down, I look for six signs of a potential Rule Breaker:
Sign No. 1: Top dog and first mover in an important, emerging industry
Top dogs are active, fast-moving market leaders. In 1994, AOL was a top dog. First movers seize a temporary edge over the competition, then exploit that advantage. These companies come from emerging industries -- like biotechnology today or e-commerce a few years back -- because it's unlikely that the railroad or meat-packing industries have much room left to run.
Rule Breakers are not hidden; they are right before our eyes, and they bring a disruptive technology, clever and effective marketing, or a brand-new business model to this little backwater planet of ours. They rattle our capitalistic foundations.
Sign No. 2: Sustainable advantage gained through business momentum, patent protection, visionary leadership, or inept competitors
Can the company protect the advantage it obtained from its first-mover status? Netflix, for example, is absolutely dominating online video rental, and consolidating its power over the entire rental industry.
Sign No. 3: Strong past price appreciation
Sometimes, the best investments appear overvalued. I bought AOL after it quadrupled. Was Tiger Woods unknown before he joined the professional tour and started winning majors? Was No. 23 unheralded when he joined the Chicago Bulls after his junior year at North Carolina?
Sign No. 4: Good management and smart backing
This is the most important attribute of all ... and it might be the most difficult to get right. Few would disagree that visionary leaders are behind the greatest companies of our generation: Chipotle (NYSE: CMG) has Steve Ells, Intel (Nasdaq: INTC) had Gordon Moore and Robert Noyce, and Disney (NYSE: DIS) had Walt. Investors should also be prepared to learn about the venture backers of a young company. If the very best venture capital firms are behind a company, maybe you should be, too.
Sign No. 5: Strong consumer appeal
Rule Breaking companies provide products or services that improve the quality of people's lives. Microsoft, for example, made home computer use a reality.
Sign No. 6: You must find documented proof that it is overvalued according to the financial media
This is the easiest one of all to identify. Every day, the Wall Street pooh-bahs declare that this or that stock is overvalued. Google shares begin trading publicly, and the naysayers predict another tech "meltdown." Even today, with the vast majority of stocks having taken huge hits, there are some companies with improving fundamentals that Wall Street is afraid to touch because they appear more expensive than others.
If a company's growing earnings lead to an increasing valuation, someone somewhere will surely argue that the company is overvalued. The reason this is valuable is that it keeps people out of a stock. Later on, as the company proves out its position as a profitable, even dominant, leader, then the skeptics finally buy -
Yes, I do. You can do it on line.
Pdog, thank you also. Great post.
I apprecaite your expertise and the time you spent sharing it with us.
I doubt they would acquire us for cash,but there is the possibility of an equity merger, or joint venture.
I believe we have no debt, so that would look good in a merger situation where we brought in the huge assets in the ground and no debt. Win/win for both.
Kona, that does seem to be the case. Today's action was me and other current holders adding to our stack of shares.
I would love to see it take off, but if not, I will keep reaching to join the million share club.
Just got 60k at .05. I raised the bid to .051 and it went through at .05.
Love it, even though I do not understand why it went through at the lower price after this news came out.
GOOD FOR ME!