"so called gold mining company" hmmmm. To my knowledge they have never claimed to mine anything.

It's a "resource" company, yup. Those resources are still in the ground, yup.

Right now we're at the stage where they get funds to get those resources OUT of the ground. or not.

A bit early i like to be. I know there is risk in the start ups but lots of reward when your right.

I'll take my chances with this one. Prove to me it's a scam.

"Sarissa believes this financing arrangement and proposed Spin-Out plan represent an important milestone in the continued development of the Nemegosenda property and realizing value for Sarissa shareholders. In particular it provides immediate funding without the prospect of a significant number of new shares overhanging the market. In addition the transaction provides us with access to finance groups in both Hong Kong and China, which may greatly assist in a successful listing, and the ultimate development of our asset. With a large retail investor base in Hong Kong and China and with the proximity to Asian capital and major resource markets in China we look forward to an exciting future."

No worries here mate! Let the big boys take care of business, we'll hear soon enough.

Lol!!

I know, i'm sold. It's the market that does'nt understand the deal.

Maybe this "winding down" thingy is why there is no interest in our stock.

Who wants to buy a house thats going to be torn down in a short time?

Wow, that sucks bro.

They will be a producing mine. When that will be?, only the patient will benefit from i guess.

Scott does not build the PPS. That is a rediculous statement (actually that whole post is riddled with inaccuracies). He builds the COMPANY. I know U know this elementary stuff.

Mining takes time. Have some patience, we're on track for some good stuff soon.

Well i dissagree with that one. I don't think worldwide financial markets have anything at all to do with progress here. Where did you get that idea?

When things progress here we'll hear about it. IMHO

That's a bingo!

Excellent post dmbao! Actually, Scott's grandfather FOUND the property while working for Dominion Gulf back in the 50's.

Funny, i was just going to mention that myself and you beat me to it. Who'da thunk it?

Anyone with half a brain who has watched this trade since we went to the AMEX KNOWS we have been manipulated down to the current levels.

Production, when ever that might begin, will be a game changer. It always is.

Yep, sounds like we've been spun already. I like it.

LOL!!!

"Customer financing".... off - take, that would be amazing. Kind of makes you want to stand up and beg for buttermilk, eh?

That's a good "point"!

Me thinks your ratio is a bit high. I'm no math whizz, but the ratio for Shinning Tree at 1 for 35 gives us 24 million o/s no?

The "cost to fix it was ONLY 4 - 5 trillion". LOL!!

JP Morgan's exposure/ risk is probably double B of A's.... wonder what the cost from that blow up will be?

OMG! that's funny!!

That would be nice. I really like that letter, Scott is as competent as they come and has done exactly as he said he would 4 years ago.

Maybe not as fast as many here would like, but he's "gettin 'er done".

Wow. This is a pretty cool thread. As long as i have been reading this board i have never heard the details of the SRSR past with such detail.

Your experience here is quite amazing. Thanks

Great volume again today! And on a holiday non the less... production around the corner. IMHO

Like i've said before, Shinning Tree is going to be huge. Not to the extent of the Nemo property, but whoever is holding shares 5+ years from now is going to be a real happy camper. IMHO

Great article Dobie. Interesting to see that China could become a net IMPORTER of heavy rare earth in the future.

I wonder if the % of REE's like Europium that have been found on Memo will increase with further exploration, hmmmm.

Nice to see your still here!

You are so right. We're a Niobium property that just happens to have REE's. No worries here.

After a morning of bid whacking, we are finally heading up on ask slapping. I swear someone is sitting heavy on this.

We being punished for the possibility of not meeting our production date?

You are quite the doubter aren't you?

LOL!!!

And you say you actually own shares..... hmmm...... who'd a thunk it?

SPIN OUT, spin out, spin out, spin out!!! Do you work for the DTCC?

You better alert the media. We got less than 50,000 shares traded here and 4 hours to go. lol

Since Scott is doing such a piss poor job of running the show here, and since you are so seasoned from your "past life" experience....

let's hear how you would bring this property to production in 3 to 5?

You voted no on all measures except Shinning Tree. So you feel that Scott is taking all us "sheep" to the sheerers and you were NOT at that meeting?

Sorry pal, something just doesn't add up here.

So i'm trying to figure how this plays out here. Do we get a big run up into the spin - outs and then everyone who is positioned at thier computers on the morning after the ex-dividend day hits the sell button and we collapse to .000 on 800 million in volume....

Or does the market arbitrage this stock and we never make it past .04 again before the spins?

Or will there be a reason nobody wants to sell even the shell....Questions, questions....

That depends on wether it's a margin acct. or a cash acct.

Yea, what he said. That sums it up very well.

Is this the one.....

That seems to be the 64,000 question. I will say if it is, with the steps proposed by management, it will blow the minds of the detractors here i'll give you that!

Beautifully stated. As were all your other words of wisdom tonight. Wow. I'm just glad your on our side! He's back!!

I only show 81,000 shares traded today. When did you see that trade?