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Presenting companies currently include: AK Steel Holding (NYSE: AKS), Allegheny
Technologies (NYSE: ATI), Carpenter Technology (NYSE: CRS), CF Industries (NYSE:
CF), Century Aluminum (NASDAQ: CENX), CONSOL Energy (NYSE: CNX), Freeport-
McMoRan Copper and Gold (NYSE: FCX), General Moly (AMEX: GMO), James River
Coal Company (NASDAQ: JRCC), Kaiser Aluminum (NASDAQ: KALU), Metals USA
Holdings, Steel Dynamics (NASDAQ: STLD), Taseko Mines (AMEX: TGB), Thompson
Creek Metals (NYSE: TC), Vale (NYSE: VALE) and Walter Energy (NYSE: WLT). The
format of the conference will consist of presentations by attending companies as well
as one-on-one meetings.
lots of companies in the iron/steel business... the perfect suitor to the Sarissa altar :)
yes, this PR is the most important one of the last 2 years or so
this will shape the company's future
judging from your past posts, you absolutely don't
Dahlman wouldn't do business with companies with no merit either!
Dahlman Rose is very active in the shipping business of commodities such as iron ore, especially to Asia.
It could very well be that Dahlman Rose is trying to negotiate a deal with an Asian company to set up an offtake agreement: shipping the niobium to Asia where there is lots of demand for steel (reinforced by niobium)!
new updated report will be out within two weeks
please share with us why you are still a shareholder?
you certainly don't know how junior exploration companies work...
firms like Dahlman are used to get capital and arrange deals
look at this link:
http://www.dahlmanrose.com/transactions/default.asp
very respected juniors among them
junior explorers don't generate cash themselves unless they are producers as well.
yes this deal is exactly what they needed! this will secure them financing and an offtake agreement or a joint venture
"Recent activity at Sarissa has focused more on the corporate and strategic front than on exploration. "
point is, it nowhere says: "no exploration" as you want us to believe
Dahlman will present us with financing and broker a deal with another company for a JV or even an offtake agreement!
this deal perfectly showcases the connections of Scott and the advisory board!
Sarissa Resources Inc. Engages Dahlman Rose as Advisers for Corporate and Project Development
Press Release Source: Sarissa Resources Inc. On Monday August 16, 2010, 9:30 am
OAKVILLE, ON--(Marketwire - 08/16/10) - Sarissa Resources Inc. ("Sarissa" or the "Company") (Pinksheets:SRSR - News) is pleased to announce that the Company has engaged the investment banking firm, Dahlman Rose and Co., LLC ("Dahlman Rose"), to advise the Company on a range of strategic and financing options to further enhance the value of its Nemegosenda niobium project.
Dahlman Rose is a privately owned investment bank focused on growth industries that are the direct beneficiaries of global trade, infrastructure development, and urbanization. Further information on Dahlman Rose can be found at their website, http://www.dahlmanrose.com/Content/Corporate_Info.asp.
Recent activity at Sarissa has focused more on the corporate and strategic front than on exploration. Our Advisory Board was established earlier this spring to focus on corporate development and, with the addition of Dahlman Rose, provides the Company with significant resources to develop the plans to move forward on these fronts.
On the property side, the exploration management consulting group, Billiken Management Services Inc., has been retained to prepare updated Technical Reports on the Nemegosenda project. The 1st updated report is expected to be completed in August.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project.
Contact:
FOR FURTHER INFORMATION contact: www.sarissaresources
http://nemegosenda.sarissaresources.com/
Public Relations: Merle Goertz 866-307-1331
this is huge news! just take a look at their clients:
http://www.dahlmanrose.com/transactions/default.asp
very respectable company
Kim Fennebresque’s New Job: Dahlman Rose Chairman
Veteran banker Kim Fennebresque was named chairman of boutique investment bank Dahlman Rose & Co., company officials said Tuesday.
Sixty-year-old Mr. Fennebresquewas last at Cowen and Co., the U.S. subsidiary of Societe General, as head of investment banking. He is also on the board of GMAC Financial Services and was previously head of the M&A department at UBS AG.
He started his career in what is now Credit Suisse before leaving in 1991 to become general partner and eventually co-head of investment banking at Lazard Ltd.
Dahlman Rose, which was started in 2004, has grown from six employees to now about 150 and is moving into a new office later this year to accommodate the larger staff, said firm CEO Simon Rose.
The company specializes in deals involving the exploration, recovery and transportation of natural resources. While the firm sees lots of opportunities for deals given China’s demand for raw materials, Mr. Rose said the oil spill in the Gulf has cast shadow over the future of deep-water offshore drilling.
“There are unlimited opportunities so we face an interesting challenge,” Mr. Fennebresque said in an interview. “As we look at our growth, where do we need to invest?”
The firm was an adviser in Southwest Airlines’ bid for Frontier Airlines in 2009 and also worked on Quintana Maritime’s $735 million purchase of ships from Metrostar in 2006.
http://blogs.wsj.com/deals/2010/05/11/kim-fennebresques-new-job-dahlman-rose-chairman/
wow this is huge! very respectable company!
look at their clients:
http://www.dahlmanrose.com/transactions/default.asp
yes you are right... Scott knows what he's doing! He has the right connections to get it done too
the easy way would be to do a R/S and dilute to hell but Scott wants to preserve shareholder value (he's a shareholder too), of course this might go slower, but it also make you richer... if you are patient!
also a croc shareholder here
i expect it to do very well in the near future! looking forward to the quarterly filing
my favourite base metal stock is LIM, Labradador Iron Mines
they are about to start production later this year of direct shipping ore
only 45M shares outstanding, fully diluted, with 60% held by management and institutions, and about $45M in cash
they have very high grade desposits all located in Labrador, with good infrastucture in place
check their presentation at http://www.labradorironmines.ca/pdf/LIM_Investor_Presentation.pdf
a no brainer imo, and seriously undervalued right now!
Billiken is working on it
nice stairstep chart today :)
welcome to the club :)
nice find! i recognise the entrance to our adit
which one is your favourite prospect generator?
for example... Millrock Resources(MRO) vs Miranda Gold (MAD)?
yes its likely
i have the followings juniors on my watchlist:
AXR - Alexco Resource
CSI - Colossus Minerals
ITH - International Tower Hill Mines
ORV - Orvana Minerals
RGX - Argex Silver Capital
dont have a position in them yet... what do you guys think about these picks?
thanks, i've always appreciated his views on BNN
does anyone have a subsciption to Brent Cook's Exploration Insights?
Is it worth it?
http://www.explorationinsights.com
yep but the good thing with this property is that it's bordering other companies with high exploration activity... when they get good drill reports they might want to buy this one from sarissa
or JV it
they border our claims, plus Sarissa owns shares in Creso from an earlier transaction of a property
also note the geologist, mr White. He has worked for Sarissa as well a few years back
news from shining tree neighbours:
(and we are even a stockholder in them)
Creso Exploration Reports Preliminary Drill Results on Extension of Prior Holes at the Minto Gold Project, Ontario
MONTREAL, QUEBEC--(Marketwire - July 21, 2010) - Creso Exploration Inc. ("Creso" or the "Company") (TSX VENTURE:CXT) is pleased to announce the occurrence of visible gold at four locations in Hole MC-09-01 (Hole #1) within a 90 meter interval of hydrothermal breccia, as well as partial results of MC-09-02 (Hole #2) on the Minto Project. Both holes have been deepened by over 300 meters from their previous depths and all cores from both holes will be submitted for analysis.
Hole #1 was re-entered and drilled from the previous end-of-hole depth of 269 meters. At a depth of 506 meters the drill intersected a hydrothermal breccia containing finely disseminated pyrite of 2% to 4% by volume. Geologists have identified visible gold at depths of 546 meters, 548 meters, 568 meters, and 586 meters. The hole is currently at a depth of 602m and analyses are pending on all cores from the re-entered hole. The collar of Hole # 1 is located 35 meters northeast of the collar of Hole # 2.
Hole #2 (June 9, 2010 Press Release - 65.7 meters of 18.2 g/t Au and 79.6 meters of 4.61 g/t Au in Hole #2 on the Minto Project) was deepened by 382m. The preliminary assay results are as follows: 5.82 g/t Au over 7.6 meters beginning at 423 meters depth (including 8.24 g/t Au over 5.0 meters). In excess of 300 meters of core remain to be analysed from Hole #2. The bottom zone is new and no true width has been determined yet. Analyses are pending on all cores from the re-entered Hole #1.
This gold mineralization is contained within a broader zone of potassic alteration within a hydrothermal breccia that displays rims of what are interpreted to be very fine secondary K-feldspar on many breccia fragments within a matrix of quartz and calcite. Within the mineralized interval, fine disseminated pyrite makes up approximately 3% by volume of the core.
Reflex measurements on the hole indicate that the hole deviates from original coordinates crossing the core locations of Hole 2, indicating zones of vg to be 20m west of the pit edge and 400+m deep, an area previously untested.
Michael V. White is the Qualified Person for this press release under National Instrument 43-101.
The Company's principal mining exploration holdings are located in the Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and Kirkland mining camps and additional interests are held in base metal properties in Guatemala.
This release contains forward-looking statements that are based on beliefs of its management as well as assumptions made by and information currently available to management of the Company. When used in this release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in this release. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and Creso disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Click here for contact information
actually, did anyone from us talk to someone from the advisory board yet?
what do you guys think about the newsletter from Brent Cook? Exploration Insights? is it worth it?
it's the most useless stock message board
business as usual again today :) lets resume the climb up :)
as i've said before... there probably more behind this...
my theorty is that they are looking to merge with a company based in BC to list on the TSX-V, or they are looking for a JV with a BC company
why else would the BC government care about a US pinksheet stock with its mineral properties in Ontario?
just my opinion!
Billiken is working on it
yes... and your point is?
in all respect, i don't think you are familiar with Canadian mining stocks and how this works. without a doubt this company certainly isn't a scam... this property has been explored before by large cap and very respectable companies such as Gulf and a few others in the past. of course these are historic resources and not NI43-101 compliant. Sarissa is essentially redrilling those zones to make them NI43-101 compliant, and to expand on them. The independant report was again, made by another respectable firm which works with many Canadian explorers listed on the TSX/V.
The ONLY issue here is a matter of wording essentially... make no mistake, the niobium IS THERE, it has been proven for 60 years now...
BRE-X was a completely different story, they salted their drill cores with gold to give them fantastic drill results... that's not a matter of wording in a technical report
a PR with this info was required to get the trading ban in BC lifted
no way around this, this PR had to be released