Not exactly apples to apples there, dj. Pretty sure Google's share price is slightly higher than 4.5 times that of Sarissa's...

I've been in this stock so long I've learned to reserve judgement (both positive and negative) until there is a definitive move...which, it seems, many of our resident TA experts are saying has already been made.

No one will be happier than I if this is, indeed, the beginning of our next BIG sustained move up. Whether it's TA-driven or in anticipation of a fundamentally significant announcement from the company (or a combination of both) will ultimately determine what kind of run we see here...

VERY nice hit there. Now THAT's the kind of trading that SHOULD be happening based on the quality/quantity of assets under Sarissa's control!

Agreed. Any "insider" of significance would be VERY noticeable, to the tune of millions of shares at the ask.

This buying is encouraging, but my enthusiasm is still tempered by the mostly insignificant volume. When you think about it, even 3 million shares (what we'd consider a "high volume day") at 3.8 cents is not much more than $100,000 being traded. Not exactly the "Big Time", ya know?

I'll start stretching in preparation for the happy dance when we start consistently trading 1M shares/hour. That should be a decent indicator that more than just the casual retail trader has taken a keen interest in our hidden gem here...

I think that's what they call a "bittersweet victory", my friend! ;)

I was right there with you in disbelief when we dropped below 2c...I mean, there's undervalued and then there's just plain criminally low. Absolute no-brainer to buy under 2c if you have the patience to see this through.

Sarissa's 2010 left a lot to be desired, but the silver lining is that there was ample opportunity to add to one's position.

I still believe in management and I look forward to 2011. Should be a much more prosperous year for SRSR shareholders! (IMO)

So who is going to be the first to pull the trigger on a "4"?

Psychological barrier right now? Can't imagine it would be, but we'll see if it provides any resistance...

Sustained volume (preferably at the ask) is what we're looking for today guys & gals. We've seen so many of these mini-spikes during the course of the "downtrend" that have fizzled out b/c of a lack of follow-through buying. Maybe we'll get some of the TA/momo crowd over here to help with that...

I would look for a very positive close to an otherwise disappointing 2010 if we can get, say, 5M+ volume...still trivial in the grand scheme of things, but relative to our daily average something in the 5-8 million range should mean a close above 4c to end the year. That's just an educated guess based on how I've seen this stock performs when it sees some volume.

Good luck today all and here's to a very prosperous 2011 for all SRSR shareholders. Let's have a good one!

Absolutely! I'm very appreciative of being able to get in on the ground floor.

And I'm also fortunate to have the time and the patience to see this through to where I am confident it will ultimately end up...(i.e. higher exchange, improved share structure, revenue generation, and of course higher SP!)

Though the volume seems relatively impressive at first blush (that is, as compared to our daily avg.), you still have to see that it's fairly trivial volume and value being traded. How much money was actually involved today? Not even $200,000 changed hands...

Somewhat humbling when you think of what this company should be worth, no?

Like dmbao mentioned earlier...we'll know we're "on our way" when we start doing 10 times this volume.

But you gotta start somewhere...so here's to continued positive momentum and ever-increasing interest in our still-hidden gem.

I am 99% certain that when the time comes to uplist, we will do so with both US and Canadian exchanges. Complimentary listings makes us more attractive to a wider audience.

My money is still on TSX-V (CDN) & OTCBB (US).

I haven't researched the listing requirements enough to know what it would take to get on a "higher" exchange in the US, but I'm sure that Scott will do what makes the most sense for the company going forward.

Any listing exchange that demands its securities to be fully reporting SHOULD attract a different kind of investor than we get down here...slummin' it in the pinks. ;)

This is where a steady stream of fundamental news will help to sustain a correction (reversal) of the charts.

I honestly couldn't care less about TA, but I can acknowledge and appreciate that there are many who do...and those people's money is just as green as the folks who buy/hold/sell on fundamentals, so it's a matter of prudence to pay them some respect.

If Scott et al can up the frequency of communication that should be reflected in the positive price action and moreover the reversal of most (if not all) major chart indicators to a more favorable position than they have been for quite some time here.

When we get the fundamental/story players AND the TA folks buying at the same time, that's when we make our big sustained gains on huge volume.

Some nice thoughts there, birdman.

And I agree wholeheartedly - we SHOULD be there...but WILL we be?

I would imagine this is a "by invitation only" event that features DR clients. That puts us in the mix, but it also means there's a lot of other folks who would receive consideration for seats at the table, so-to-speak.

But would it ever be great to be a fly on the wall of those proceedings! Likely some industry heavyweights involved if DR's public client list is any indication.

I sure do hope Scott got an invite and RSVP'd in time!

Do you live in BC? Or are your trades brokered through there?

Only reason I can think of, but then again I haven't tried to place a trade today.

Actually the "stall" is pretty typical of SRSR's trading behavior...very seldom have we had days where the volume is consistent, hour-by-hour throughout the course of an entire trading day.

As I suggested before, this could have been one individual or a group of folks who were looking to build a starter position or add to their existing stockpile and are now done (for the time being). Often this will start a bit of chain reaction buying but then when that momentum slows and the catalyst buyer has exhausted his funds, we see this "stall".

Nothing to be concerned about.

I'd love to see us get to 8 million by day's end, but I'm not expecting it. Gains holding nicely regardless.

You coulda just said "Merry Christmas Sarissa holders!"

I'm just sayin'...

;)

Well let's hope our winter drilling program at ST makes a prophet (pun intended) out of Mr. Trusler!

On the topic of the Dahlman Rose shindig next week where there will be 50+ folks from various companies...

I want to make sure everyone is aware that it's far from a certainty that Scott Keevil will be there representing Sarissa. He could very well be, but confirmation of such is just not available at this time (trust me, I've tried). So we should really temper our expectations of any huge developments stemming from that "opportunity".

It would be great to hear that we had a presence there, but we might not, so keep that in mind.

If anyone has any information of who has been confirmed to be in attendance, I'd love to hear it. But looking over DR's client list, there's more than 50 companies there who probably have higher dibs on a seat at the table than we do.

I am confident that we one day will (if we don't already this year)!

Could not agree with you more.

The fact that we are all "excited" about this volume (which I would call moderate at best, albeit above average) bodes well for those days in our future when we do 50+ million...and at a much higher SP to boot!

I'm going to temper my enthusiasm a bit here b/c we've seen on multiple occasions over the past several months that we can have a bit of a "pop" only when one or two folks take a sizeable position. Then, in short order, we would see a retrace as the buying (typically at the ask) subsides.

Time will tell if that's the case here or if legitimate wide-spread interest is returning to our gem of a company...

Someone is biting off some decent chunks here. If this volume is sustained, we're looking pretty good IMO.

Not sure if it's a new person (group?) taking a decent starter position, or if it's a number of folks accumulating, but this sure is an encouraging sign.

Would love to see this keep up and finish with 8-10M volume.

It has long been speculated that if (when?) Sarissa uplists it will do so to the TSX-Venture exchange...That said, it is very likely that we will maintain a complimentary listing on a US exchange (OTCBB perhaps?) for American investors' favor.

I think we can safely assume that re-releasing the most recent quarter's financials in USD is not being done to aid in the lifting of the CTO (which, of course, has been put in place by a Canadian province's regulatory agency)...so what are we left to conclude?

I think even our most fervent detractors can start to connect the dots...

0.014 already hit...

Let's see if this is like prior days where it's a big jump on the open followed by a pullback to test strength and follow-thru buying.

I will echo that sentiment 100%. Those are my thoughts exactly.

FWIW, I'm going to take a break from this board for a while - it's gotten a little out of hand, unfortunately, and it doesn't have the same "quality" of conversation/debate it once did.

All the best. See you folks further on down the road!

Great post, s-d-m.

Unfortunately I don't think we'll ever get PR's that have "deadlines" or really even timelines of any sort. Scott seems to be very set on eliminating the opportunity for failure in the eyes of the investing public. Kind of a "if I don't give a deadline, I can't MISS a deadline" train of thought (not saying he looks at it this way, but so people get the gist of my point).

Would I like to see something that comprehensively outlines EXACTLY what the company is going to do going forward, day by day, month by month, with even "ballparked" estimates on when we can anticipate completion? Sure. But I've also resigned myself to the fact that it ain't gonna happen. And I believe the reason being can be drawn, once again, back to a lack of funds. If we had millions upon millions of dollars of cash flow, we could set deadlines and meet them without too much interference. But we are not in that position, so there are too many variables (or balls in the air) that can influence our progress.

I suppose this is what we signed up for when we invested in a sub-penny pink a couple years back, huh? These are trying times, but I find comfort in the progress the company HAS made and I have to believe that things will only get better if I stay true and "keep the faith". I hope Scott doesn't make a fool of me. (FWIW, I don't think he will!)

Take care, Jim.

I suppose...to a degree it does.

But they have not been transparent with how these operations have been funded. I think that irks a lot of people.

Merle hasn't been shy in disclosing that private placements are the company's financing method of choice - but that is only when asked privately. It's not like they've made that public knowledge as an addendum or footnote to any PR (unless I've missed something).

My take on the PR is very simple:

It satisfied investors' desire for communication of some sort - anything that proves we still have a pulse and that we, the shareholders, have not been totally forgotten.

It did not, however, satisfy investors want for news that propels the share price higher.

And at the end of the day, the share price is all that matters to most. So we find ourselves in roughly the same spot as we were before the PR (if I'm assessing others' posts correctly). Anxious about our investment and feeling that we are not making ENOUGH progress in the time that has passed.

Is that fair to say?

Well I guess that's why I didn't address all longs with that post. I addressed the individual who said that he was here since Scott signed on - a timeline that would indicate he has made a good ROI.

And I am not marginalizing other opinions because they "don't suit" mine. That would be an incorrect assessment.

I think I've made it perfectly clear that I'm not a "blind optimist", as you put it. I'm happy to consider others' opinions, including those that are more pessimistic than mine. What I don't respond well to is the folks that make comments based out of ignorance and/or emotion - because those folks are not being objective. They are not acknowledging the facts and are venting for the sake of venting.

I assume everyone who takes the time to post on this board has an investment in this company and that is what "unites" us all (for lack of a better word). Our common goal is to make money and I feel for the people who bought this stock above where we are now. So why do you think I try to shine a positive light (based on FACTS, not "blind optimism") on our prospects?

I maintain that there is a right way and a wrong way to express one's frustration. Hell, I'm frustrated with the PPS performance, but I find comfort in the facts and the potential this investment opportunity provides. I'm amazed that others remain reluctant to pursue this outlet.

What would you have preferred, as far as the PR? What additions/omissions would you like to have seen be made?

I'm honestly asking 'cause I'm not sure what people were expecting. Heck, I don't even know what I was "expecting".

People here were getting anxious because of the lack of communication...well, they communicated. That's a fact.

People here wanted to be updated on the state of the company and to know that there was still work being done...well, we now know there is. That's a fact.

People here wanted to know what the next steps for the company were going to be...well, they told us. That's a fact.

Sure, the PR was lackluster and doesn't inspire awe - you are 100% correct. But it did, at the very least, tell us what to expect in the coming weeks and months.

We don't have to be happy about it (it didn't blow my socks off either), but at least it's something, right?

Or have we collectively gotten to the point now where nothing will satisfy us but a PR stating that a JV/off-take agreement has been signed, or that audited financials are complete and we have filed for uplisting off the pinks? That's fine if that's where we're at - but if that is indeed the case, I think we have several more months of anxiety, unfortunately.

Fair enough. I was just trying to provide a little perspective.

You are 100% correct - you are entitled to your opinion, like everyone else. And you have every right to be frustrated with the recent performance of the stock, which many believe to be a direct result of infrequent/insufficient communication from the company.

Like I said, I was just trying to put things into perspective for a fellow shareholder who has been here since double (or triple?) zeros. There just has been so little appreciation on this board for the job that Scott has done to date, it's difficult to see people chisel away at his competence and abilities when he has actually accomplished a tremendous amount, given the limited company resources.

All the best. I hope you continue to hold and for all of our sakes, I hope the company adopts a more shareholder-friendly pattern of communication!

If you've actually been here "since Scott took over, with many shares" then you should be thrilled with what Scott has done for you!

That's one heck of an impressive percentage ROI for you in 2 years!

So maybe, instead of condemning Scott for what you believe to be his failures and shortcomings, you should congratulate and thank him for the return HIS hard work has provided on your investment...

...just a suggestion.

Another invaluable contribution. I'd like to thank you for your consistency!

You could be right, but I'm not so sure. Here's why:

We know that folks have reported about Shining Tree drilling program re-commencing in and around June/July of this year.

If that were the case (and I'm not saying it isn't), why would the company not announce those intentions along with this PR - which in essence was just a statement of drilling plans. It would seem prudent to announce all summer drilling plans at the same time.

So does that mean that we don't intend on drilling at Shining Tree this summer? Maybe, maybe not.

Does it mean that we might have a suitor for our gold property and therefore we are remaining quiet on the front until details are hammered out? Maybe, maybe not.

At this point, like with much of the goings-on with Sarissa, we just don't know...it's fun to speculate though! And the silver lining is that we can POSITIVELY speculate because we have a pretty good indication that are properties are of tremendous value.

Well at least the PR generated a bit of early volume. Whether it is sustained throughout the day is an entirely different matter....

Then why would you expect to get it here?

I know your question was rhetorical, but the simple fact of the matter is that we just don't know. Until we're a fully reporting company, we likely won't be made aware of the specifics of financial arrangements that facilitate our continued exploration.

So...we are left to speculate. I guess if we're playing the percentages, it's more private placements and a strategic issuance of shares (which, you are right, is not going to generate a ton of revenue at these absurdly low levels).

The thing to take away from that PR (other than the fact that we are certainly not "wilting on the vine") is that we are CURRENTLY having our NI report updated by Billiken.

Not sure when we can expect to hear that this has been completed (tomorrow, July, the Fall?), but perhaps it's a necessary step before we announce a JV partnership on the Hawke Zone.

Thoughts?

So rather than a JV of our Shining Tree property, you are predicting an outright sale of our claims in that area?

Just want to make sure I'm reading you right...(and certainly not saying I disagree with the idea).

If you were a betting man, would you say we see a JV partner signed on for the Hawke Zone of Nemegosenda or Shining Tree first?

I know where my money is...

I think the lack of progress on Shining Tree is a simple dollars and cents issue.

Nemegosenda is the focus and thus, that is where all (or at least 99%) of our limited funds will be allocated for the time being.

I think Shining Tree shows tremendous potential from simply looking at the more established claims adjacent to it. But that doesn't mean that we can afford to pursue it in the manner it needs to be pursued.....at this time.

It's on the back burner (for now) but it is not to be forgotten.

That's probably the best approach, Penny.

Resign yourself to the fact that this may take some time (and patience) and you'll be a lot happier with your investment than if you were hoping for immediate rewards.

And who knows - maybe you'll be pleasantly surprised sooner than you (or I) thought!?!

Oh yeah...and welcome to the Sarissa shareholder family!

Excellent points - never even thought of those!

It's amazing how much confidence you can gain in this investment when you review the historical evidence that has been provided by the company in past PRs.

Many anxious moments these days as people clamor for a word from Scott about the direction of the company in 2010 and going forward...but there is so much substance here that I remain committed to the theory that this is as good a risk/reward situation as you'll find on the pinks.

Scott's going to get the job done. We may not be 100% happy with him today, but we will be when we look back on this journey in a couple months/years time (depending on how long you want to stick this out!)...

JV.

Not a doubt in my mind.

I think this is Scott's "legacy" property...at least it has the potential to be if all the pieces fall into place the way he hopes.

IMO, no way he sells this outright.

Remember when he said at the outset that this was like "shooting fish in a barrel"...essentially a slam dunk to take this thing to a mine if he wants to.

Not saying that Scott is super "long in the tooth", but he's also no Spring chicken, ya know? I think this property is one of those once-in-a-lifetime chances to be a real game-changer.....for Scott.....and for us. I don't know that he's going to get another shot at it. Agreed?

That's the way I see it anyways. I'm interested to see others weigh in.