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You're right - it is funny!
We seem to be getting overrun by armchair quarterbacks...not to mention the nervous nellies, hand wringers, and the flat out mis-informed (polite way of saying ignorant, I suppose).
Now that's not to say that I don't understand and appreciate the anxiety that is spreading amongst many folks here...but like anything, there is a right way and a wrong way to handle it. Let's just leave it at that.
Suffice it to say, however, that all this negativity sure isn't doing us any favors in attracting new investors who might happen upon the board. The product in the ground, along with the management of SRSR is what should ultimately "sell" someone on our prospects...but we, as a community, have not been doing a particularly good job in painting a rosy picture given the FACTS we have been made privy to.
...I know, I know - we should be privy to more than just the completed work to date. Suggestions of announcing publicly our plans, goals and direction are running rampant. Well folks, I hate to break it to ya - we ain't gettin' any of that! It's just not Scott's M.O. The sooner folks acknowledge that (you don't have to like it!), the sooner we can collectively move along and focus on the positives of what we do know.
All the best to everyone who continues to hold here.
I would tend to agree with this.
Merle said previously that "work continues"...well we now know for a fact that the "work" he speaks of is NOT drilling or assaying.
So what does that leave us?
Planning for further drilling
Negotiations (JV/off-take/etc.)
NI report update
Audited financials
What am I missing?
I highly doubt that we are at a standstill or "dead in the water" right now. We have too much going for us and Scott is too experienced to just sit on this until something falls into his lap. I won't believe that for a second.
I think we're all going to be pleasantly surprised any day now. (It could be tomorrow or it could be in the Fall - I have no idea!)
Kinda exciting, but at the same time a little nerve-racking, no?
Unfortunately I have to agree with you.
I'd love to believe this is the "calm before the storm", but it's been an extended period of "calm" for quite some time!
I say bring on the inclement weather!!!
Well I anxiously await the next Q's financials to see how much we're paying the hound to search for niobium. Kibble ain't cheap!
I think I'm going to fire off an angry email to Merle to express my discontent with how company resources are being spent!
;)
He likely won't get anything "forward looking" from Merle, but he might get some clarification on how the zones are/have been separated for the purposes of drilling, assaying, reporting (NI), and negotiating to help bring it to the mining stage.
Fingers crossed...
The simple answer to that is that we don't (and won't) have the funds under the current share structure to pay for all the drilling necessary to do what you're suggesting.
Webpence is right - these zones will (and should) be treated as separate entities, despite being geographically connected.
So, while I understand and appreciate what you're saying - and am certainly a proponent of maximizing leverage in negotiations - we just aren't in the position to take the ENTIRE Nemegosenda property to the bargaining table, IMO.
Ya know...for someone who constantly claims that this is going to take a while to grow legs, wake up, take off - whatever - you sure spend an awful lot of time on here.
It just does not add up.
Anybody who HONESTLY believed that a given company had no positive short-term prospects wouldn't be inclined to spend this much time watching, analyzing, and commenting on it. They just wouldn't.
You've stated that you still have faith in the long-term potential of Sarissa Resources, so why not just put this on the backburner and come back every now and again (rather than hammering the same nail every single day).
Thanks for the effort netjoy.
It's tough to know what to make of Merle's responses there.
What I take away from it is that he said "work continues"...well, I think we know that there aren't currently any drills turning at Shining Tree and unless I'm mistaken, there aren't any going at Nemegosenda either.
So, what can we deduce from that?
"Work continues" could simply mean that they are charting future drilling plans while waiting for the last assay results of the most recent hole drilled.
It could also mean that they are "negotiating" something...(I won't speculate any further than that!)
As I'm sure you're well aware, Merle is always very concise...often to the point of coming across as agitated, impolite, curt (or whatever word you'd like to use). I honestly don't believe it's his intention to come across this way. It's just how he operates. No wasted words. No fluff. No sugar coating or hand holding. And he's VERY consistent with this approach - for that we should be appreciative!
I think June and July are going to be very nice months for Sarissa shareholders. That's not based on any facts, simply a gut feeling and an understanding of "roughly" where we are and what we have on the horizon.
All the best.
Sorry guys, meant "glass half full"...
We'll blame that one on the Bailey's in my coffee this morning!
Re: Merle.
I will echo most of OntaREEo's comments here.
Merle is not going to be nominated for any personality awards, that's for darn certain.
That having been said, Merle is consistent and does not waver from his approach to providing only the info that he (the company?) has deemed suitable for public release.
He is also very calculated in his responses and I liken him to the hologram in the movie "I Robot" - you have to ask the right question if you want to get certain answers.
I trust that Merle is following in the example Scott has set in that at this stage in the game they will communicate only when necessary. They obviously don't feel the need to hold shareholder's hands at this time.
Can it be frustrating? Sure.
But can you find comfort in the fact that they are not OVER-communicating (i.e. "pumping") the stock? Absolutely!
I maintain that if Scott and Merle felt this company wasn't going to "make it" or the Nemegosenda property wasn't going to be economically viable to mine, they - as shareholders themselves - would be looking to create short-term price fluctuations that would allow them to liquidate their assets. That, obviously, has not been happening...nor do I believe it will happen in the future.
I have to believe that Scott and Merle are looking at this opportunity with a wide-angle lens, while the rest of us sometimes get stuck zooming in as far as we can with a telephoto. We concentrate our focus on one specific thing (whether it be the NI report, drill results, Shining Tree, JV, audited financials, feasability, etc., etc.) and we forget that this is a very lengthy process that is all-encompassing to bring us our maximized shareholder value.
Well, that's my cautiously optimistic point of view, anyways. Some may disagree and continue to harbor ill will towards Scott and Merle for their lack of communication (and are well within their rights to do so), but I'm a glass half-empty kind of guy, so I choose to look for the positive "spin" on this extended period of silence.
Great post JK. Logical, objective, and cautiously optimistic.
I think that's what we all need to be here as we weather this storm of relative (publicly-known) inactivity.
We should acknowledge the inherent risks of investing in ANY pink sheet company, but at the same time that can be countered with the knowledge that Scott refuses to operate in a manner consistent with that of most other pink sheet companies (i.e. fluff PRs, excessive dilution, misleading shareholders, artificially inflated share prices, etc.). I maintain that we are a big board stock stuck on the pink exchange.
The risk/reward here remains extremely favorable and I, for one, can't wait to be rewarded for my patience, due diligence, and faith in Scott to deliver as I (and many others) have come to expect him to.
A good weekend to you as well, JK.
Ontario is blonde?
Huh. Who'da thunk it? ;)
Who needs company PRs when you've got all this spirited discussion? ;)
Have a good night all...tomorrow is another day...
...closer to drilling results.
....closer to updated NI.
.....closer to announcing JV.
......closer to uplisting.
.......closer to us being rewarded for our continued faith and patience!
There sure is a fine line between skepticism and paranoia, isn't there?
Some pretty funny stuff the last couple days. Not much to chew on, but certainly good for a laugh.
IMO, all is well here. We happen to be in a lull right now as far as news and publicly-known developments are concerned...
That said, I think a lot of folks are going to feel pretty silly about all this anxiety in a few months.
Couldn't agree with you more, doberman.
But the simple fact is, there is a RIGHT way and a WRONG way to express one's concerns about the company, how it communicates with investors, it's future prospects, etc., etc.
A pump board serves no one's best interests and I am happy to say that I don't think we have one here.
If it ever comes across that way, I honestly believe it's because of the tremendous amount of positive speculation that is borne from FACTS previously provided by the company. And most (not all, but most) pessimistic points can be countered by drawing on those facts. Wouldn't you agree?
You need to look just a wee bit deeper, smd. You are taking an incredibly superficial approach to this.
I just dont think drilling results are going to do it...
If this is the case, I beg you to enlighten us about what in the world will attract JV partners? If not results that prove our resource base, then what? Scott's wonderful personality?
Sure, the JV and uplisting PR's are going to have a bigger immediate affect on the SP, but we have some business to take care of before those are possible, dontcha think?
This is a STEP-BY-STEP process to maximize shareholder value. You can't just sign a JV and uplist BEFORE you prove up any resources. It just doesn't work that way.
As they say, "Rome wasn't built in a day."
I can't believe I'm having to explain this...unbelievable.
Well there's the overreaction of the day.
I'm pretty darn sure I don't say that to everyone who is not praising the company. But the attitude expressed by the poster I was responding to was not a constructive one. Based on his post, it sure sounds like he has lost faith in the positive prospects of this company.
If I shared that sentiment, the first thing I would do would be to sell and move on...hence, my advice to this poster to do just that. If a poster makes an intelligent point about their concerns with the company, then I'm all ears...but saying that "the stock hasn't done s#@t for months" is a waste of time and expresses nothing of value.
Of course I have NOT lost faith in Scott and co. and their ability to make us all a considerable amount of money. But patience is required, as it always has been. At this point, what's another day?
Oh, and by the way, your "Rule #1 in stock trading" is generally correct, but there's just a wee bit more to it than that. I suppose it could be applied if you only hold one security at a time, but if you have half a brain in your head, you'll know that selling for a loss (to prevent a potentially bigger loss if you don't believe in the company's prospects) is sometimes a necessity. Pretty sure Warren Buffett has faced that reality mroe than once in his lifetime.....
Just some food for thought.
Simple solution: Sell and move on.
All the best in your future trades...
I wouldn't be the least bit surprised to see those two events happen within relative proximity to one another.
JV first, followed not-too-long-after by the announcement of our intent to uplist (on the heels of audited financials, of course).
That's just my option, but I think once one major announcement (i.e. JV on a portion of the Nemegosenda property) is made, there will be several others that quickly follow.
You meant "Nemegosenda will become a multi-billion dollar mine", right? ;)
Oh wow...where to begin?
Nope. Not going to even waste the time.
If you believe that there is reason to be pessimistic about SRSR b/c of it's price action relative to that of gold, then....well....I wish you all the luck in the world turning your portfolio green - you are most certainly going to need it.
Yikes.
Take care, Cee-it.
Not exactly an apples-to-apples comparison there Cee-it...
And don't bother mentioning Shining Tree as a driving force for this company as it is on the backburner for the time being.
And saying that there is "not a lot to feel good about here yet" is one of the more ignorant statements I have ever read on this board, if I'm being honest.
How about the drill results?
How about the appointment of our BOD members and their impressive credentials?
How about the ever-expanding resource base we have?
How about the extremely professional, methodical approach our CEO has taken (and never wavered from) over the last 2+ years? (This will serve us well when the time comes to uplisting and entertaining JV offers)
There is a tremendous amount to "feel good about here" if you ask me. And it's all fact-based.
I suppose if you honestly believe that price and value are one and the same, you could make a case for your statement. But even still...since Scott Keevil took over in the Fall of 2007, the stock has sustained a percentage gain that far exceeds that of darn near every big board stock there is. From triple zeros to 4c in 2.5 years is a gain I think any investor would happily take.
But again, I suppose if you bought in during the run to 20c last Spring, you'd be less enthused than those of us who have been here since the "start" (i.e. Keevil's arrival).
It's all about perspective and that's always relative, but to flat out say that we don't have anything to feel good about is silly (I'm being polite). And to subsequently compare it to gold in an attempt to firm up your point is beyond silly.
All I can say is that folks who are invested in this company should continue to exercise patience and let Scott do his thing. It's going to take a little while, but the rewards are potentially staggering. There aren't too many opportunities in the market that rival this one IMO. There just aren't.
I wish you all the best.
Wow, calm down there tiger. Why so defensive?
My comments were not pointed or directed at your statement in particular...just simply stating that, as it has been mentioned more than once before, it wasn't my belief that anyone knew more than our little IHUB community here does. That's it, that's all.
Scott & co. keep things very close to the chest and that is part of the reason I have held shares in Sarissa for so long - because this is a big board-calibre company that is currently listed on the pinks. It's the exception, rather than the norm as far as this trading exchange goes and I appreciate that Scott Keevil has made a point of running this company the "right" way and not artificially inflating the share price with fluff or "leaks".
Have a good one.
Bit more volume trickling in now. We'll see if it's sustained or just another case of a buyer coming in to accumulate a mil or two and sit on 'em for a while (recent history would suggest this is the likely case).
I don't buy the whole "somebody must know something more than us" argument. It has never been Scott's M.O. to let anything leak. And if news were to leak out in any form other than a company-released PR, and it was of any real significance, I would think we'd start to see some HUGE blocks going through and we'd spike really fast.
I'm looking more for sustained volume than quick price moves. It seems more telling to me, but that's just the way I'm looking at it.
All the best to everyone here. Our day is coming (hopefully sooner than later!).
I don't think that's quite it, dale.
I would hesitate to use the word "negativity", as I think certain folks honestly believe it's mere prudence to remain "realistic"...almost to a fault.
The thing that gets me is the DAILY harping on the exact same point...beating a dead horse, if you will.
It's unnecessary and it makes one's point less effective when made ad nauseum.
SRSR is just fine IMO. These are buying opportunities here - something that even our most overly-cautious and "realistic" posters can recognize and appreciate, I'm sure. We'll move up in due course. Our money is safe here with the guidance of Scott and co. (As safe as it can be on the pinks!)
All the best.
Of course you don't...
That's terrific. But my ticker is still showing 4c...how 'bout yours?
Not saying we won't see lower prices (nobody can say for certain), just not sure what you're trying to accomplish by posting something like that...
I wouldn't read too much into it, Piece.
He's sent out articles in the past with the same re/ line of "May be of interest", so I don't think this is indicative of anything too significant.
Of course, I could certainly be proven wrong! (and wouldn't mind one bit...)
Not really. I get what you're saying, but that "one clueless person" hasn't done anything to our stock.
Just because the ticker shows red and down 10% right now doesn't mean that one or two trades can't change that in a hurry.
And it's always a good idea to keep in mind that price doesn't necessarily equal "value"...in fact, I am 100% convinced our current SP does NOT equal our value. Sure, you could argue it is how the market is currently valuing our company, but I think anyone who has been in SRSR long enough understands that we are "worth" a considerable amount more than 4c/share.
So on paper, the sells that take us down look bad, but I have faith that these silly actions from the impatient and poorly informed will be firmly in our rearview mirror in short order.
All the best calhouney.
Scott had better put him on the payroll if that were the case.
Boy is doing some serious work for us!
The beauty thing is, REE's work is not fluff and it's not pump. It's based on fact and any speculation is that which stems from first-hand knowledge and hours upon hours of due diligence.
If ever you were going to trust a source on a message board (not typically recommended), this seems to be the one.
Thanks for all your work, OntaREEo. You will be one of the most deserving of the SRSR-generated investor fortunes!
Nice close. HOD with a couple buys at the ask to finish off a nice day.
I would have loved to see more sustained buying as we were 2M+ before lunch, so on pace for a 5M day...but hey, +0.005 on 3M+ volume is not too shabby.
Maybe we can build on this tomorrow and see another push over 5c?
Nice day here so far. Up 6% on over 2M volume by lunch time.
That's starting to be more like it.
These days should be the "rule" though, rather than the "exception"...and I'm confident they will be in short order.
I agree. It's incredible that the masses remain ignorant to the opportunity presented here.
But I have this growing suspicion that when "it's time", it's going to hit like a freight train. With all of these well-connected mining industry folks now on board, they will know when it's time to buy and they'll do it BIG. No sense locking up your funds now if there isn't going to be a MAJOR announcement in the next couple weeks. I believe we'll see a HUGE wave of volume preceding the JV announcement. It may only be a day or two, but it's going to be big, IMO.
Until then...well, we have to be content with our 1M, 2M share days and moderate gains and losses.
To say that today's news is significant is a massive understatement.
There is so much more to be taken away from this PR than just the written words at face value. As has been pointed out by a couple other posters, take a look at the SPECIFIC experience, expertise and qualifications of these additions to our "team".
Talk about giving us an idea of the direction of the company!
Today's PR is one of my favorites from SRSR because of the conclusions that can be drawn from it. It's really a confirmation of some of the very ambitious speculation that has been going on here over the last few months. I love it!
Yep, I kinda figured we might see some of the momo crowd from mid-last week exiting if we didn't get the big volume follow-through to start this new week.
Doesn't change the "value" of the shares, IMO...simply affects what they are currently worth on paper.
I know what value each share holds and we're not even close to recognizing it yet. So I hold and I wait...as I'm sure most of the educated folks (i.e. those who have done their DD on SRSR) do as well!
I think we'll have a tough time reaching 6c on volume that is so trivial. We need days of 5 million shares plus (of course, with the majority at the ask) to get this moving with any sort of significance.
It's frustrating to watch sometimes, because it now looks like it's "ready" to go.
I wish I had more dry powder to help the cause, but I'm tapped right now.
Here's hopin' some deep pockets look to get in soon!
The "no sellers" thing is pretty darn good to see though, don't you think?
After a decent rise on Wednesday on well-above average volume, we don't have a ton of sellers jumping ship and selling at a small profit.
So what that tells me is that the shares that were bought are now in the hands of folks who understand that the "value" of their shares is higher than 5c! That's a very good thing...
Exactamundo!
Hit the nail on the head, IMO.
It would really depend on the particulars of the deal. But revenue of any kind at this point in the game can't be viewed as a bad thing, I would think...
Depending on the amount of funds it would potentially generate, it might facilitate the further drilling, feasibility study, etc. of our niobium property. Or it could be put towards finalizing audited financials in efforts to uplist to an exchange such as the TSX-V. Of course, this is just speculation.
FWIW, I don't think Shining Tree will be outright "sold". But it would not surprise me in the least to see a JV on that in the near future. We still need to do some more digging there to get a better idea of the potential value, just as we have been doing at L. Nem.
Scott is no dummy - he is not going to sell a property or enter an agreement until he has an idea what its true value is and can intelligently decide whether a deal is "worth it" or not. Agreed?
I think the only reason we ARE holding where we are is because there are virtually no trades today...
But I'm with ya - I hope we see some late Friday buying and we can hold in the mid- to high-4's or even low-5's to close out the week.
That seems to be the area our TA friends would like to see hold from a weekly chart perspective...and I trust they know what they're talking about!