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African projects-quite risky...They have similar history to SRSR and same poor PPS.
PPS of MDN still continuously falling down like SRSR since 2007, trading is anemic and election of BoD did not make any dramatic changes in PPS.
The higher the stocks rally the deeper we go. Sad, but I don´t see any actual and known reason to sell 40% below the actual price.
I also dislike the big differences between the initially disclosed planned short term goals and their subsequent changes. If Dan/Scott had decided to hire new BoD a year ago, they could do a lot of work, communicated with RPA and possibly got the final report which may have been stopped for a while, and possibly also avoided drilling the 2 "twinned" holes. All IMO.
Scott should better say nothing than f.i. the below from recent Update:
ES1, I admit you have been right in most cases, but in spite of that I remain an optimist regarding the future.
Priorities and time projections have changed since Dan joined the board. I must admit ES2 was right on many of his comments and predictions, unrealistic milestones or planned actions, due to Dan´s inexperience and Scott´s incompetence. But he has been trying to improve the situation and has not been passive. Seeking new board is just confession that Scott has not been able to manage the company successfully, in spite of former formulations about "world class management" and vast credit given to him at the beginning since he joined the company.
The question about Houston results seems legit, anybody has a clue?
I have never understood this Scott and Ben´s adventure, but Scott made many suspicious steps. Steps like this decreased the trust in company management.
Dan said that RPA works on resource estimate based on existing holes using some mathematical modeling, it was too complicating for Chance IMO.
So, after 13 months again below 1 c. Sad, just hoping there is a light at the end of the tunnel...
Bringing new blood in the management can be helpful, but I agree with ES1 that this step would be confirmation of very weak Scott´s performance. He was called in a way of "World class management", and we should hire another person, very likely costing us another expense whilst also paying Scott? I don´t get it f.i. why Scott hired Ben, he spent several months in the position and left without any trace in the company performance. Scott should wake up finally and start working as hard as a proper CEO, eager for his success, success of the company and its shareholders, and not on a part time job fulfilling the gaps between golfing, dinners and waiting for a savior.
Scott said we can expect several news within next weeks. When he spoke about weeks I understood max 6-7 weeks, otherwise he would spoke about next months. None have come out so far, so the chance is getting higher as 3-4 weeks have gone...
Web, thanks, very nice compilation. I would only unify all font styles, paragraph formatting and some formal issues so that the report will look compact.
High time the up trend is sustaining.
Are the holes positions actual?
OK, practically no positive response from the market so far, let us wait for next dislosures... May be difficult to convince the market that planned changes will be realized and not left on paper as in the past.
Web, IMO likely misprint
"I believe we are talking about the difference between producing ferroniobium and high purity niobium oxide"
below correctly mentioned pure Nb powder (metal).
Anyway, they have further potential source of revenue, we have (hopefully) more sofisticated extraction method, but imagine if we also had similar additional revenues to be considered in PEA (which is highly unlikely).
Do I read it correctly about our neighbor about its production cost?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112664873
The info came from Dan, at that time based on assumption Patrick would visit the property during past weekend.
I am very curious about the response of the market once NI is issued which IMO can be a matter of days. Especially on the "Reserves".
Maybe this is quite a normal winter season in Canada, but here in EU we got recent days again some snow, cold and severe wind. In fact, in Christmas time it was warmer here than now.
Patrick shall visit the site this Sunday, so the report is expected to be out next week.
How many-all 250 k? They will be in stronger hands than before.
This kind of trading makes me tired, but this is a pink style...
This reminds me the situation about 1 year ago when someone here found official documents on late A. Hawke, also not nice, but a long time dead... Sad that most of activities come from former phanatic SRSR supporter Sense...
Dan said. I don´t know the reason, likely just formality that Patrick can write in NI "I was on the site on ...." which is at some place at the end.
Patrick is visiting the site next week.
With most of it I must say I agree. During long time of inactivities especially Scott and SRSR geologist should have checked correctness of the old grid vs old holes and if necessary update it and take care about planning holes and drilling process on the site, there was plenty of time and the whole action would be relatively not much expensive. For Dan, being a sort of crisis manager and taking cate about actions plan and funding, were these practical things/issues likely unknown. And, after the battle each soldier is a general...Certainly these last holes were not throwing shareholders´money out, but the twinned holes would weigh much more...
And the continuation mostly is as follows:
you buy at +20-40% jump
the prices settles back then around 1 c again...
Seems that only i-hubbers who are in the know have been the only buyers, so far... until anticipated news are out.
Dan recently reacted within 30 minutes up to a few hours, no extra patience needed.
During this short quiet break, all can read quite interesting article (hope I am not too late...).
http://phys.org/news/2013-11-magnet-tesla-cern.html
Go Nb Go!!!
Local strongest one, but trades via one I think in Holland. They increased the fee from 15 to 120 USD/transaction up to ca 9k USD value. None of our brokers trades on CSE, so it will be difficult to have any access and control of SRSR/NS on CSE after uplisting, especially when I see how difficult is to transfer shares (most OTCB/pinks) from one broker to another. The transfer I just am doing now has been taking 3 months and has not been completed yet.
My broker increased the fee for 120 USD/action in pinks, so I will hold what I have had so far.
You missed 0,01, but actual price is also a bargain-wish my average was around that.
Neverending and constantly repeating buying opportunity... Would like to see some movement in the opposite direction, too.
On Monday we can see in reality what the uplisting of our neighbour will do with its PPS...
This rough calculation shoud be stickied.