Evolving.
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Yes, thank you, I have heard of google, I tried to obtain an answer through google, but was not successful. Thank you for your support, help, assistance, consideration, and courtesy.
Thank you. I still do not understand if the financing involves issuing of any existing shares, or special "flow through" shares. I appreciate your link - it was much more helpful than being asked "Have you heard of google?" LOL. I did try to get the answer via internet searching, but could not find the answer regarding shares.
What is flow-through financing?
Since you are unable to access the IBOX, which contains the information you requested, I copied the entire IBOX below, for your convenience.
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Sarissa Resources, Inc. (SRSR) | Hide iBox | SRSR Stock Quote, News, Charts Board Search: 2009 2008 2007 2006 2005 2004 2003+
Moderator: webpence Assistants: mrgoodtrade, cmzio, jims406ss, Texas Ripper, OntaREEo Boardmarks: 511
Created: 3/29/2007 9:33:11 PM Board type: Free
NEWS: REPORT RELEASED
FOR IMMEDIATE RELEASE: Oakville, ON, July 27, 2009 – Sarissa Resources Inc., (“Sarissa” or the “Company”) (OTCPinksheets: SRSR - News), is pleased to announce the completion of an independent technical report on its 100% owned niobium property in northern Ontario. The report was prepared by John C. Archibald, P.Geo.of Billiken Management Services Inc. of Toronto, and was prepared to standards as outlined by National Instrument 43-101 Standards and Disclosures for Mineral Projects (“NI 43-101.”)
http://www.sarissaresources.com/media/Sarissa_Nemogesenda_Summary_Final.pdf
Posted by: texas ripper Date: Monday, July 27, 2009 12:08:59 PM
In reply to: dale1953 who wrote msg# 62242 Post # of 62273
just talked to Merle for a quick clarification... ok folks we have 49 million tons total, of that 11 million is drill INDICATED, the rest is drill INFERRED... this is absolutely huge and the tonnage of the HAWKE zone (zone d) alone is 2.5 times LARGER than what was originally thought... wow.... this is so huge it will take time to adjust and we are JUST GETTING STARTED...Merle quoted the late Alan Hawke saying "you aren't getting one world class mine here, you are getting TWO" referring to zones d and se}
Sarissa Resources Inc. is a junior mineral exploration company exploring for mineral assets, initially in North America. Sarissa’s current exploration properties include the "Deadmoose Lake" property in Shillington Township, the O'Connor Asquith gold property in the Shining Tree region, as well as other properties in Pacaud Township, Timmins Township, and in the Elliot Lake region. Sarissa Resources is currently conducting an exploration/confirmation program on its wholly-owned Nemegosenda Niobium property in Chapleau, Ontario, where historic work, including extensive drilling and bulk sampling, has outlined an ore body containing 20 million tons of 0.47% Nb2O5 material (non-NI 43-101-compliant) in the Hawke Zone (formerly called 'D Zone'), and identified a 2nd area, the SE Zones which also contain niobium and other rare earth elements. An Independent Technical Report covering the Nemegosenda Property was released in July 2009. The report can be read here.
All of these properties are situated in Ontario, Canada. This is an area that combines vast regions of high mineral potential with comprehensive mining laws providing secure land tenure. In addition, through the Ontario Ministry of Northern Development and Mines, a world-class geoscience data infrastructure is available to assist in the identification of significant exploration opportunities.
Sarissa Resources Website
http://www.sarissaresources.com/
SRSR Investors Fact Sheet
http://www.sarissaresources.com/media/factsheet.pdf
Scott Keevil | CEO
Scott Keevil has been involved in the mineral exploration industry for 20 years. In his previous positions he has worked on the exploration side for the most part in Canada and Indonesia. He has developed relationships with mining investors in the USA, Europe, SE Asia and Canada. Scott will aggressively search for new exploration and mining opportunities for Sarissa.
Most Recent Letter To Shareholders (good read)
Jan 10, 2008 -- Sarissa Resources, Inc.'s (Other OTC:SRSR) recently appointed CEO and Board Member, Scott Keevil, issued a letter to shareholders today in which he recapped activities from FY 2007 and outlined the Company's focus for the current fiscal year/2008.
www.sarissaresources.com/pages/posts/sarissa-resources-ceo-issues-shareholder-letter22.php
*** http://www.halloffame.mining.ca/halloffame/english/bios/b-keevil.html
*** http://www.halloffame.mining.ca/halloffame/english/bios/keevil.html
SRSR Investor Relations Contact
Merle Goertz
Email: merleg@shaw.ca
604-688-2349
Sarissa Resources Flagship Properties
Nemegosenda
www.sarissaresources.com/pages/projects/nemegosenda.php
The Nemegosenda property comprises approximately 5500 acres (1800 patented, and an additional 3700 contiguous acres staked later in 2008 and 2009) in Northern Ontario that, in historic exploration and testing, has indicated the existence of considerable carbonatite-hosted niobium mineralization. The property is easily accessible off of Highway 101 between Timmins and Chapleau, Ontario (Chewett and Collins Townships). The patented claims were purchased in January 2008 for $380,000 Canadian -- payable over a four-year period -- and 2% royalty concessions on all mineral and/or metal production from the property. Sarissa Resources, however, retained the right to repurchase 1.5% of the royalty concessions at any time in the future for a predetermined price. The Company believes that any potential extensions of the mineralized areas may be covered in its 5500 acre holdings.
The Nemegosenda Property (map) was identified in the mid-nineteen fifties through aeromagnetic surveys conducted by Gulf Minerals Canada Limited. Subsequent exploration and testing, as summarized in the Ontario Geological Survey study 34 by R.P Sage (click to read the full report) in 1987, highlighted a number of "higher grade niobium zones." Of particular note, Zone D indicated "20,000,000 tons of 0.47 percent Nb2O5 material in a block 600 by 800 feet in size and to depths up to 600 feet," based on Gulf's drilling and a 580 foot adit which penetrated 235 feet into the zone. Based on this historic (non-NI-43-101-compliant) data (Pg 34), this indicates the potential for approximately 9.4 pounds of Nb2O5 per ton of ore in situ. The original drill logs from Gulf can be viewed here.
Other zones within the property have also indicated smaller, but meaningful niobium mineralization. Another area of mineralization of Niobium and rare earths called the ‘South-East’ Area was previously outlined on the property. It occurs 1500 metres south east of the Hawke zone (formerly called ‘D’ Zone). From the 1955 and 1956 drilling program by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m x 250m to a depth of 200m having a weighted average from the assays of all drill holes of 0.35% Nb2O5.
2008-2009 Drill Program 1st Phase: During late 2008 and early 2009 Sarissa drilled nine diamond drill holes in the D Zone portion of the property, totaling 1,842 metres, to seek confirmation and depth extension of the niobium mineralization previously identified by Dominion Gulf Company ("Gulf"). Notably, all the holes returned significant niobium mineralization, averaging 0.4% Nb2O5 over the entire 1,728 metres that were sent for assaying.
It should be noted that the drilling program successfully confirmed both the mineralized zone data historically reported, and that the mineralization continues below what had previously been identified as the depth of the mineralized zone. It has also demonstrated that the mineralized zone increases in grade and depth towards the eastern portion of the zone.
Sarissa's current drilling program has increased the confidence level in the historic exploration and subsequent evaluation to the point that an indicated resource may now be calculated for the D Zone. Drill hole intersections, with a weighted average grade of 0.43%, are located within a surface area of some 76,250 square metres and to a depth of at least 200m. In 1958 an adit was driven 580 feet into the D Zone where historic sampling indicated that the average grade contains a weighted average of 0.57% Nb2O5.
In July 2009, Sarissa announced the completion of an independent technical report on its 100% owned niobium property in northern Ontario. The report was prepared by John C. Archibald, P. Geo. of Billiken Management Services Inc. of Toronto, and was prepared to standards as outlined by National Instrument 43-101 Standards and Disclosures for Mineral Projects ("NI 43-101").
2008-2009 Drill Program 2nd Phase: This program involves further diamond drilling to continue to expand on the mineralized niobium resource in the Hawke (D) Zone. It is targeted to test the eastern extension, and is conducted under the guidance of Hillar Pintson M.Sc., P.Geo. The cores from 3 drill holes have been logged and split, and samples have been sent for assay.
In addition the Company has opened up 4 trenches in the SE Zone. Scintillomoter readings taken within the trenching area have provided significant readings. The trenching program was conducted initially under the supervision of the late Alan Hawke, and followed up on by geologist Hillar Pintson. It was conducted in the middle of the SE Zone, where forty-nine 2.5 metre continuous channel samples were collected along the northern side of trench 09-5A and submitted for assaying. The average grade over the full 122.5 metre length of the trench was 0.35% Nb2O5. In the 49 samples submitted for assay, highlights included 2 samples of greater than 1% Nb2O5 and 10 samples greater than 0.5% Nb2O5. As well as the significant Nb2O5 results, the samples returned anomalous values of tantalum and uranium, along with 2 samples of greater than ten thousand ppm total rare earth elements.
Of additional significance is that this trenching program was carried out in an area of the SE Zone that had not previously been drilled, so continues to expand the area of potential mineralization in this area. A follow-up drilling program has been initiated to test the areas underneath the zone exposed during the trenching program.
Metallurgical Testing: A further aspect of this program will entail beginning metallurgical studies. SGS Lakefield Research Ltd. has been retained to conduct a Proof of concept program, which will focus on the recovery of niobium compounds. The multi-disciplinary approach will fully characterize the ore, investigate if physical ore upgrading is feasible by standard ore beneficiation processes, and develop a hydrometallurgical method for the extraction and selective recovery of (initially) the Nb phase. The investigation should be considered as a scoping or pre-feasibility study to establish a baseline flowsheet for targeted product recovery.
So far the first phase of metallurgical testing has been completed and no barriers to extraction have been identified. This correlates well with the previous $1,000,000 of metallurgical research conducted by Dominion Gulf Company in conjunction with the Colorado School of Mines Research Foundation in 1959-1960. The next stage metallurgical testing will focus on a more detailed mineralogical study.
National Instrument (NI) 43-101 Technical Report on the Nemegosenda Property
http://www.sarissaresources.com/media/Sarissa_Nemogesenda_Summary_Final.pdf
National Instrument 43-101 Rule
http://www.apgo.net/cpd/NI43101/
Nemegosenda Project Blog
www.sarissaresources.com/pages/projects/nemegosenda.php
Latest Pictures From The Drill Site
http://nemegosenda.sarissaresources.com/category/pictures/
Map of Nemegosenda, zone D indicated east of the lake
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/pub/data/imaging/M2007/M2007.pdf
"Preliminary Analysis and Recommendations for National Instrument 43-101 Compliant Reserve Estimate"
http://www.sarissaresources.com/media/hawkins_report.pdf
Original Drill Logs from Gulf
http://www.sarissaresources.com/media/Gulf_Drill_Logs.pdf
Niobium Daily Spot Prices:
http://www.asianmetal.com/Metal_News/index_product85_en.asp
http://www.metalprices.com/FreeSite/metals/cb/cb.asp
Shining Tree
www.sarissaresources.com/pages/projects/shining-tree.php
In March 2009, Sarissa optioned the “Shining Tree” property consisting of 16 claim units (approximately 640 acres) in the townships of Asquith and Churchill in the Shining Tree district. On a regional scale the property is located within the prolific Abitibi greenstone belt which is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property appears to be on trend with the Larder Lake - Cadillac Break with which many of the world-class gold deposits are spatially associated. The Shining Tree property is also centered on the axis of a regional gravity high signifying an area of thick supra-crustal rocks and under-plating by oceanic crust. In the Abitibi these associations appear conducive to the discovery of major gold deposits.
Sarissa carried out an initial investigative program on the property under the supervision of a contract Geologist, consisting of 4 one metre long channel samples from the quartz-carbonate veins in the area known as Area One/Two, as well as grab samples after blasting a 9 metre section from Area Three.
Following this initial program, a summer surface exploration program was conducted under the supervision of the late Alan Hawke, and the resulting data reviewed by Warren Hawkins, geologist. The program consisted of stripping and blasting work on the historical large scale gold bearing quartz stockwork vein systems and wall rocks found within the central area of the property. Values as high as 53.9 grams per tonne (1.57 ounces per ton) gold were obtained. These results confirm that gold mineralization on the property is found within a broad spectrum of geological horizons, and the potential for a large tonnage deposit is very promising.
The next phase of the program is currently underway to drill test the depth extensions of these surface zones for gold mineralization. Based on the current results and review of the historic data, the property has strong merit and a 43-101 compliant technical report is being prepared. The Company has not made a definitive decision as to whether to carry out the next exploration phase internally, or to enter into a joint venture arrangement.So far two holes have been drilled, totaling 300 meters, under 2 of the exposed surface stock-work systems. Logging of the core is now underway.
SRSR Other Properties
Deadmoose
http://www.sarissaresources.com/pages/projects/deadmoose.php
Sarissa has a 100% interest in the “Deadmoose” property, located in Shillington Township, in Northern Ontario. The property was initially staked following the release by the Ontario Geological Survey of Open File Report 6061:
http://www.geologyontario.mndm.gov.on.ca/mndmaccess/disclaimer.asp?url=%2Fmndmfiles%2Fpub%2Fdata%2Fimaging%2FOFR6061%2Fofr6061%2Epdf
“Montreal River Headwater Area Sediment Survey, Northern Ontario: PGE Data-Operation Treasure Hunt.”
An excerpt from the report stated, “The highest Pd [Palladium], second highest Platinum [Pt] [Platinum] and seventh highest Au [Gold] (FA/ICP-MS) value collected in the survey area was obtained from a small lake located near Deadmoose Creek in central Shillington Township.”
“The small spring-fed Deadmoose Lake, centered within the property, contained the most anomalous results of over four thousand (4,000) lakes sampled under the lake sediment survey program.” (Rapski, 2002).
Deadmoose Analysis
www.sarissaresources.com/media/Deadmoose_Analysis.pdf
Deadmoose Map
http://www.sarissaresources.com/media/Deadmoose_Vtem_location.jpg
Elliot Lake
http://www.sarissaresources.com/pages/projects/elliot-lake.php
Sarissa currently has three Uranium/Copper claims in the Elliot Lake mining camp in Northern Ontario, Canada. The claims represent approximately 1120 acres of land. The properties are on the White Uranium trend.
Pacaud
http://www.sarissaresources.com/pages/projects/pacaud.php
In November 2007, Sarissa acquired a prospective gold property in Pacaud township near Kirkland lake, Ontario, Canada. The claim group consists of 40 acres in the region of the historic gold producing area of Kirkland Lake in Northern Ontario. The Kirkland Lake region as a whole qualifies as Canada's second most prolific historical gold mining camp, and area gold mines have produced twenty-two million ounces of gold since the first discovery in 1913. In spite of the long history of gold production in the Kirkland Lake area, 16 new mineralized zones have been discovered since 2001 by Kirkland Lake Gold Inc. KL Gold plans to produce 80,000 to 100,000 ounces of gold by 2009.
Timmins
http://www.sarissaresources.com/pages/projects/timmins.php
In November 2007, Sarissa acquired 1,150 acres in Timmins Township situated in Northern Ontario. The "Timmins" property has historic zinc, copper and gold showings. Initial work on this property will involve analysis of historic exploration work both on the property and in the immediate region, likely followed by geochemical testing of the entire property.
SRSR Share Structure
The current share structure as of September 2009:
Authorized Shares: 850,000,000
Outstanding Shares: 767,672,830
The current share structure as of March 2009:
Authorized Shares: 850,000,000
Outstanding Shares: 746,327,277
Restricted Shares: 270,241,219
Transfer Agent
Capital Transfer Agency
390 Bay Street,Suite 2020
Toronto, ON M5H 2Y2
Tel: 416-350-5007
Fax: 416-350-5008
info@capitaltransferagency.com
www.capitaltransferagency.com/
Financial Reports:
www.sarissaresources.com/pages/investors/financials.php
Updated Sarissa Timeline Courtesy of OntaREEo:
http://investorshub.advfn.com/uimage/uploads/2009/10/23/ueyofsrsr-timeline.JPG
Excellent Summary (verified) Courtesy of OntaREEo:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29753879
Courtesy of RIGATONI:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24432431
Courtesy of stervc:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24429285
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24441099
Courtesy of sweetpepperjam:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24919439
Courtesy of Jim6103:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28631273
Ontario Geological Survey study 34 by R.P Sage
http://www.geologyontario.mndm.gov.on.ca/mndmaccess/disclaimer.asp?url=%2Fmndmfiles%2Fpub%2Fdata%2Fimaging%2FS034%2FS034%2EpDf
Must Read Communications with CEO Scott Keevil
~RIGATONI’s Personal Meeting with SRSR CEO, Scott Keevil:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26615136
~ seabreezing’s Phone Conversation with SRSR CEO, Scott Keevil:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28475772
~ homey_g’s Phone Conversation with SRSR CEO, Scott Keevil:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28287492
~ stervc's Phone Conversation with SRSR CEO, Scott Keevil:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24668439
Niobium Valuation Thoughts:
By stervc:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26094864
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26078013
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26145278
By jim6103:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28472344
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28473105
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28632329
SRSR Gold Valuation View
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24635083
SRSR Uranium Valuation View
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24635257
SRSR Platinum & Palladium Valuation Views
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24635407
SRSR Valuation of Niobium if Mined:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24955796
SRSR $4.9 Billion Niobium Valuation:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25478857
Micro Cap Stock Report on SRSR/ Sarissa Resources
http://www.microcapopportunity.com/pdf_report/SRSR.pdf
Tantalum Importance with Niobium: (Courtesy of Spark)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28478103
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28498247
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28498544
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27476817
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27398140
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28542498
Daily View
Click to view Spider Chart with % levels:
http://charts3.barchart.com/procal.asp?sym=SRSR
Weekly View
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Go to Post # or date Post New Message Remove from Favorites Previous 50 Next 50
Post Subject Posted By Time
#71966 News - Sarissa Resources Inc. November Exploration Update mrgoodtrade 11/4/2009 9:34:41 AM
#71195 beautiful pics from today's update: Texas Ripper 10/20/2009 9:22:01 PM
#29255 Three words and four letters that could make OntaREEo 11/11/2008 11:39:03 AM
#73662 would it not be faster to just google it? sags 11/30/2009 8:55:44 AM
#73661 whats the web page for srsr ? punch73z 11/30/2009 8:30:44 AM
#73660 I'm on a boat and, it's goin fast and supermegadope 11/29/2009 10:36:45 PM
#73659 keep in mind Friday was only 1/2 day BERTSLLC 11/29/2009 10:23:18 PM
#73658 Nice SRSR chart Bert, been accum. this Gem Norton1973 11/29/2009 9:44:23 PM
#73657 kinda begs the question: "why even bother?"....doesn't it? konastitch 11/29/2009 9:18:03 PM
#73656 SRSR DAILY CHART BERTSLLC 11/29/2009 8:50:09 PM
#73655 volume is not a problem to get going punch73z 11/29/2009 7:52:29 PM
#73654 Kiwi, Is that your cat? That is what ltoro43 11/29/2009 6:59:02 PM
#73653 LOL OilCan61 11/29/2009 6:57:34 PM
#73652 sigh...... Texas Ripper 11/29/2009 6:43:47 PM
#73651 It going to take an increase in volume dmbao 11/29/2009 6:30:07 PM
#73650 Annotated Chart: Thanks to - ThirdEyeOpenTrades kiwisteve 11/29/2009 4:59:09 PM
#73649 Send it, buddy. JPGetty 11/29/2009 3:25:54 PM
#73648 Somebody please send this off to Merle. JPGetty 11/29/2009 3:25:19 PM
#73647 there seems to be a lot of interest jfburk 11/29/2009 11:54:33 AM
#73646 I know that Google's o/s and cap are webpence 11/29/2009 11:51:54 AM
#73645 Yep, and it will be + $140 mln c70 11/29/2009 4:27:41 AM
#73644 It was $140 million in July. d0lphint0m 11/29/2009 1:32:58 AM
#73643 im tryint to figure out why it is punch73z 11/29/2009 12:12:04 AM
#73642 Hey all Sarissa folks~ What do you Rocket Rider 11/28/2009 7:33:51 PM
#73641 this should have a market cap of at cmzio 11/28/2009 7:16:17 PM
#73640 any site with different #'s has either incorrect/noncurrent ElisComing 11/28/2009 7:06:34 PM
#73639 that is what i thought weird another site punch73z 11/28/2009 6:45:45 PM
#73638 $44525024.14...right this minute ElisComing 11/28/2009 6:10:10 PM
#73637 i know what is the market cap right punch73z 11/28/2009 5:47:56 PM
#73636 The market cap changes with every tick of fadein 11/28/2009 5:19:29 PM
#73635 whats the market cap for this stock i punch73z 11/28/2009 5:12:17 PM
#73634 JP Getty-Please include when you contact Merle. The deli 11/28/2009 9:27:38 AM
#73633 Dear Merle: (1)How much does it cost JPGetty 11/28/2009 4:48:15 AM
#73632 Thanks, guys. jackfrost 11/27/2009 10:48:27 PM
#73631 Nice work. webpence 11/27/2009 9:01:58 PM
#73630 Love the impatient!!!! goldwingeurope 11/27/2009 7:41:48 PM
#73629 Regardless... I don't think it will add up to mtcotc 11/27/2009 6:47:38 PM
#73628 No I sure don't, sorry. I will OntaREEo 11/27/2009 5:51:17 PM
#73627 Nice to see you've devoted roughly 50 of jims406ss 11/27/2009 3:25:54 PM
#73626 they are all classified as Nas. unless it jims406ss 11/27/2009 1:21:48 PM
#73624 Then buy more...geez... RocknRolla 11/27/2009 10:44:28 AM
#73623 .06 is nice, can't say much for the deadcatflounce 11/27/2009 10:32:43 AM
#73622 This was a ridiculous reaction...once the EAU bails RocknRolla 11/27/2009 9:53:26 AM
#73621 They don't drill 150 holes straight in a row. jackfrost 11/27/2009 9:43:12 AM
#73620 SRSR +3.45% OptionsDealer 11/27/2009 9:37:31 AM
#73619 SARISSA RESOURCES INC (NASDAQ:SRSR) jims406ss 11/27/2009 9:05:23 AM
#73616 OntaREEo Do you know what is the cost deli 11/27/2009 7:44:25 AM
#73615 theres no luck in this game and punch73z 11/27/2009 7:17:25 AM
#73614 I am not smart enough to put a OntaREEo 11/27/2009 6:15:08 AM
#73613 40 holes cost $1M. OntaREEo 11/27/2009 6:11:33 AM
#73612 yesterday, today, and tomorrow OntaREEo 11/27/2009 6:09:20 AM
#73611 No Dubai crash until now. Alfa147 11/27/2009 6:08:17 AM
#73610 Then that tells me that Sarissa has a JPGetty 11/27/2009 4:44:00 AM
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© 2009 InvestorsHub.Com, Inc.
About Us | User Agreement | Contact Us | Handbook | FAQ | Advertising | Investor Education | New Stuff Blog You are learner1156 on WEB3
Based on your post, I also looked at the IBOX. Nice job! For those who are new, or those who are uncertain, I recommend reading the phone conversations with Scott, that are linked in the IBOX.
If you have doubts, follow the links provided. Asking that kind of question is pointless - if you didn't have confidence the first time, why would you believe anyone the second time? My philosophy is to either believe the DD done for me by someone else, or do my own.
Go here. Put in a pink stock. You might be surprised.
http://206.222.29.162/insidercow.jsp
I think funnier is correct. However, "me grammar" isn't LOL.
Picked up another MM - can't tell who, though. Noticed 1 more on bid and ask, compared to my earlier post.
Usually the number of MMs is the same on bid and ask. Now I see 17 on bid, but only 14 on ask. Perhaps indicative of fewer shares available for sale?
Let me see......there are rocks in the picture......lots of rocks........there are rocks in the ground......lots of EXPENSIVE rocks..............so my pick is Ykcor. Oops, like some of the posts here I have seen recently, I seem to have gotten it BACKWARDS!
Confirmed by Merle - Sarissa did not provide the shares.
Merle Goertz wrote:
It is a 3rd party transaction.
Sarissa did not supply the shares.
The statement below is accurate.
----- Original Message ----- From: "xxxxxxxx." <xxxxxx@xxxxxxx.xxx
To: "Merle Goertz" <merleg@shaw.ca
Sent: Saturday, November 07, 2009 8:09 AM
Subject: Who provided the shares?
Merle, there is back and forth discussion on IHUB, concerning the Microcap Alliance PR below.
The first sentence of the Disclaimer does NOT specifically state that it was Sarissa Resources who provided the 200,000 shares of compensation. IMO, it could have been anyone who had shares (although the way the sentence was written, it seems it was Nexus target who provided the shares). Can you clear this up, with a reply that I can post on IHUB? See (MICROCAPPR below).
Meanwhile, I did post the following (see MYPOST below).
Thanks, xx
MYPOSTMYPOSTMYPOSTMYPOSTMYPOSTMYPOST
Posted by: learner1156 Date: Saturday, November 07, 2009 11:06:53 AM In reply to: Kuzami who wrote msg# 72269 Post # of 72322
The shares probably DID NOT COME FROM SARISSA RESOURCES. At the link below
http://www.microcapalliance.com/disclaimer/
there is a similar situation....
"Microcap Alliance discloses to the readers of the information with respect to Sarissa Resources, Inc., that it has been compensated one million three hundred thousand free-trading shares from third party, non-affiliate nexus target media, for consulting services including, but not limited to, project analysis, and electronic dissemination of this report, from the Company"
So I believe the same thing happened this time. I plan to email Merle and see if he can provide a clarification.
MICROCAPPR MICROCAPPR MICROCAPPR MICROCAPPR MICROCAPPR MICROCAPPR
This just out from microcapalliance:
Sarissa Resources (OTC:SRSR)
Price: .043Comments: SRSR is one to watch closely here, as they recently began to develop their drilling program on their Shining Tree gold property. A few days ago, India made the biggest purchase of gold by a central bank in the last 30 years, so we can see how central banks around the world are becoming increasingly more uncomfortable about holding U.S. dollars. We have to really take gold seriously as the Fed has continued upon the same path of action that got us into this nasty recession - the only thing they have done is delay the pain. Of course the housing bubble is done, but this will create bubbles in other asset classes. Oil already hovers around $80.
On a regional scale, SRSR's Shining Tree gold property is located within the prolific Abitibi greenstone belt that is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Company's niobium property also makes it a rare earth metals play - which has been a very hot sector recently. SRSR is one of the best managed mining microcaps out there in my opinion, so its one to watch closely as they continue to make progress on its properties
almost forgot to add the disclaimer:
Disclaimer
Microcap Alliance discloses to the readers of this information that it was compensated two hundred thousand shares of Sarissa Resources, Inc. and one thousand dollars from third party non-affiliate Nexus Target Media for consulting services and coverge. We are going to sell those shares at any time. Microcap Alliance, Inc. or its officers may buy or hold, has sold, is selling and will sell common shares of mentioned companies, in the open market or in private transactions at any time without notice. Microcap Alliance, Inc. was compensated five thousand dollars for consulting services and coverage of Trustcash Holdings, Inc. in this newsletter. Microcap Alliance, Inc.'s services for a company may cause the company's stock price to increase, and thus Microcap Alliance, Inc. would make a profit when it sells its stock in a company. Also, Microcap Alliance,Inc.'s selling of a company's stock may have a negative effect on the market price of the stock. Microcap Alliance, Inc. purchased one thousand shares of Independent Bancorp. in the open market and we are going to sell those shares at any time.
Through use of this information, you agree to hold Microcap Alliance, Inc., its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Please read our full disclaimer: http://www.microcapalliance.com/disclaimer
The shares probably DID NOT COME FROM SARISSA RESOURCES. At the link below
http://www.microcapalliance.com/disclaimer/
there is a similar situation....
"Microcap Alliance discloses to the readers of the information with respect to Sarissa Resources, Inc., that it has been compensated one million three hundred thousand free-trading shares from third party, non-affiliate nexus target media, for consulting services including, but not limited to, project analysis, and electronic dissemination of this report, from the Company"
So I believe the same thing happened this time. I plan to email Merle and see if he can provide a clarification.
The following was received from someone who said credit should go to Northern Miner.
/By: Alisha Hiyate
/Washington, D.C.
------------------------------------------------------------------------
Jack Lifton has an urgent warning for the United States when it comes to the supply of rare earth elements (REEs) -- metals that are essential to everything from cell phones and LCD screens to military applications and hybrid cars.
Addressing attendees here at the first annual Infocast Risk Management for Critical and Strategic Metals conference, Lifton cautioned that the States' nearly total reliance on China for rare earths may jeopardize the nation's access to the high-tech metals in the future.
"When everything is made in China, it will be a Chinese decision whether you can have these things," the author, consultant and rare earth expert told the audience. "I think we're reaching a serious choking point here. We must develop production of rare earths in this country right now because it takes a while (to get production online)."
Once a producer of rare earths -- the 15 lanthanide metals plus yttrium -- the U.S. now relies on China for 95% of its supplies.
Over the three-day conference, attendees largely representing industry, government, and explorers of rare earths and other minor metals, heard that the U.S. -- which is also now dependent on foreign supply for other strategic and essential metals, including germanium, tantalum and lithium -- is right to be concerned about the situation.
Although the overall market for rare earths is small by volume, demand is on the rise, from 124,000 tonnes rare earth oxides (REO) in 2008 to a projected 200,000 tonnes REO in 2016, according to Dudley Kingsnorth, executive director of Industrial Minerals Co. of Australia.
Recent developments have shown just how precarious the U.S.'s position may be.
Exports from China have been falling steadily by about 6% a year, Kingsnorth said, and while he doesn't see exports falling more dramatically than that in future, he does predict that China's rapid consumption of the metals could cause it to run out of heavy rare earths in 20-30 years. While China provides 95% of the world's rare earths supply (India and Russia are minor producers), it consumes about 60%.
And that may explain why, in August, a report by China's Ministry of Industry and Information Technology called for a complete ban on exports of some heavy rare earths -- the most valuable and in demand of the REEs -- terbium, dysprosium, yttrium, thulium and lutetium. A severe restriction on exports of the REEs neodymium, europium, cerium and lanthanum to a combined 35,000 tonnes a year, was also proposed.
Mark Smith, CEO of privately owned Molycorp Minerals, said that the spectre of a ban and additional restrictions have underlined the sense of urgency surrounding rare earths.
"We need to do something about it -- not just look at China and hope they supply the rest of us forever," Smith said. "China doesn't have unlimited mining capacity."
Molycorp's Mountain Pass operation, which first began production in 1952 and came back online at the end of 2007 after being shut down for five years, is the sole U.S. producer of REEs.
Seeking to bolster its own manufacturing sector and create jobs, China is making the shift to new technologies, including flat-screen TVs, wind turbines and electric vehicles. To that end, it will not only consume more of its own resources in future, but also continue to reach into Africa, Australia, Canada, and other parts of the world for more.
"We're all focusing on the fact that China is the leading producer (of rare earths)," Lifton said. "We need to focus more on the fact that China is a leading consumer."
China's centralized economy means that it can make the switch to new technologies quickly and efficiently. Much of its 4-trillion-yuan (US$586 billion) stimulus package is going into making that switch.
"They don't have to spend a year in Congress to decide how that money is going to go out," said Noah Lehrman, senior vice-president of Hudson Metals, a New York City-based company that supplies minor metals to industry.
Environmental concerns are also putting a crimp in Chinese production to the tune of about 10%, Kingsnorth said. The country is in some cases enforcing its own pollution laws. In other cases, word of chemical spills and other environmental damage spreads quickly through the Internet and other new technologies, pressuring the government to crack down on operations that are not up to code.
While many presenters and panelists sounded the alarm on rare earths, Chris Hartshorn, research director of Lux Research, a firm that provides strategic advice on emerging technologies, advocates a more measured response to a potential rare earths crunch. There may well be some REEs that will be in short supply and for which there are few or no alternatives, he says, but that's not the bulk of them.
"It depends on where you are in the value chain," he said in a post-conference interview. Hartshorn explains that while China may well impose further restrictions on exports of certain raw metals, "I would be surprised if the export of components (further down the value chain) would be restricted (to the same degree)."
The U.S., European Union and Mexico have taken their complaints about China's export restrictions to the World Trade Organization. But in the meantime, the squeeze on Chinese exports has Lifton urging the U.S. to look north, rather than east. Canada, he said, is a friendly neighbour with a "treasure trove" of natural resources, small population and expertise in exploration and mining that already has China and Japan making investments.
"Why aren't we?" Lifton asked.
And as rare earth projects take a long time to get online, it might be wise for investors to get in now -- but not before they educate themselves on the many ways they differ from typical mining projects.
First, REEs occur together and must be mined and processed together, then separated. That affects the economics, because some elements, namely HREEs, are more valuable than light rare earth elements (LREEs), which are typically more abundant.
Second, the market for rare earths is small and opaque, which means pricing and production information is not readily available. The uncertainty that creates for investors means the only way a new project can make it to production is if the company has an offtake agreement with an end user.
And because each rare earths deposit is unique in terms of its mineral makeup, the metallurgical process must be tailor-made for each project. That involves a pilot plant -- an expensive and lengthy step that's also necessary to prove the end product will meet the requirements of the end user.
Finally, new applications for REEs are continually being developed, says Don Bubar, president and CEO of Avalon Rare Metals (AVL-T), which means that a deposit whose makeup is skewed toward REEs that are less valuable today, may be prized tomorrow.
"There's no perfect deposit and if you do find one, it won't be perfect in a few years," Bubar said. Avalon is developing the Nechalacho REE deposit, in Canada's Northwest Territories.
One other notable characteristic of the rare earths business is illustrated by veteran miner Molycorp.
The company is developing proprietary new technologies that use cerium, an LREE it produces that's already in oversupply. Because you can't leave the less valuable minerals behind, "that is a really good strategy," says Lux Research's Hartshorn.
While no one at the conference predicted a shortage of lithium any time soon, many commented that the domination of the market by a very few large suppliers -- in Chile, Argentina, Australia and China (with minor production coming from the U.S.) -- is a problem for automakers looking to bring electric vehicles to market.
While hybrid cars largely use nickel metal hydride batteries, electric cars that are due in show rooms as early as late next year, starting with the Nissan Leaf, will use still-to-be-perfected lithium ion batteries, which require high-grade lithium carbonate.
Future demand for lithium, which makes for lightweight, powerful batteries, really depends on how well-received electric vehicles are.
Jay Chmelauskas, president of Western Lithium Canada (WLC-V), said "true believers" think there will be a 10% adoption rate of electric cars, and in that scenario, the world will definitely need more lithium production.
"We will not run out of lithium, but we need to bring on more supply," he said.
But the current hoopla around lithium could lead to oversupply, Hartshorn said.
Based on a recent electric vehicle report produced by Lux Research, he said there would be no pressure on lithium from this pivotal end user over the next 10 years.
The projections indicate a looming lithium battery oversupply will be upon us in 2015 "and easily beyond that," Hartshorn says. Indeed, the best-case scenario for lithium producers, which assumes an oil price of US$200 per barrel, predicts an adoption rate (worldwide) of 0.3% for electric vehicles by 2020, with plug-in hybrids at 3.7%.
The study took into account different existing vehicle fleets, fuel prices and incentives in different parts of world.
Irving Mintzer, a principal of energy consulting firm MEG LLC disagreed on electric vehicle takeup, saying that changes in values, rather than economic drivers like oil, would prompt a shift to electric cars. He predicted that by 2030, as many as one-third of vehicles purchased in the U.S., or about 5 million cars, could have electric drive trains.
The amount of takeup depends not only on incentives offered by governments, but also on infrastructure, which Hartshorn noted depends on action by typically slow-moving utilities. Only a few have started to consider electric vehicles as a critical part of their future planning.
What's certain is that all the recent hoopla around lithium and the electric car has spurred a flood of juniors to explore for the metal. Dominated as the industry is by a few giants, like Chile's Sociedad Quimica y Minera (SQM-N) (SQM), that may be a risky place to be.
Novis Smith, vice-president technology of LithChem Energy International, had a warning for new entrants into the lithium space, reminding the audience that SQM has blown away the competition in the past by dropping prices. SQM, which produces lithium from brines in Chile as a byproduct of potash, is the world's largest producer of the metal.
"They're the 800-pound gorilla in the room and they'll do what they want to do," Smith cautioned.
© 2009 The Northern Miner. All Rights Reserved.
Exactly! That was a classic market education tidbit, and I hope people realize how true it is. Just how many shares do people think will be available at the bottom? Folks, this is how the market works! If you don't believe me, try to buy a 10 million shares at .04 today. Bet you don't get a fraction at that price.
Not weak hands, IMO. Just manipulators trying to turn strong hands into weak hands, so they can steal cheap shares. Anyone REALLY believe they can "load up" on .02s? First significant ordering / buying and the price will go UP. While the thieves are willing to trade a few shares back and forth as bait, at ever lower prices, even they aren't stupid enough to give up a lot of shares at those low prices.
I never understand the PRs the way I should. I wait for the experts on this board to explain them to me. They are intended for a college graduate in physical sciences; a background in minerals / mining would be helpful. IMO they are not intended for, nor understood by, the common investor / trader. However, the interpretation by the experts on this board always reaffirm my faith in Sarissa.
Learner slunk away hehehehe.
"The Nemegosenda Project: The path to building a mine"
Yes, that is why I posted this quote from the website the other day. Why have a path if you aren't going to walk it?
http://www.sarissaresources.com/
"The Nemegosenda Project: The path to building a mine."
That sentence is directly from the Sarissa home page. I mention this because of the earlier posts discussing whether Sarissa would be involved in the actual mining, or hand that off to someone else.
IMO MM manipulation. They are trading back and forth at ever descending prices, hoping to shake / scare / steal shares.
Buy and Sell terms - may be helpful.
Posted by: learner1156 Date: Friday, October 30, 2009 3:52:19 PM
In reply to: jfburk who wrote msg# 71664 Post # of 71671
Sell and Buy are probably the worst terms that could have been coined for categorizing trades. It would have been better if people said "trades at the bid" vs "trades at the ask". Call them "bid trades" and "ask trades" maybe LOL. Then it would be obvious what is happening, and that "bid trades" and "ask trades" would not have to be equal.
But yes, buys and sells in the NORMAL connotation of the words ALWAYS have to be equal. It is just in the fantasy world of whoever coined the Sell and Buy "abbreviations" meaning something totally different that they usually do, didn't help things at all.
Sell and Buy are probably the worst terms that could have been coined for categorizing trades. It would have been better if people said "trades at the bid" vs "trades at the ask". Call them "bid trades" and "ask trades" maybe LOL. Then it would be obvious what is happening, and that "bid trades" and "ask trades" would not have to be equal.
But yes, buys and sells in the NORMAL connotation of the words ALWAYS have to be equal. It is just in the fantasy world of whoever coined the Sell and Buy "abbreviations" meaning something totally different that they usually do, didn't help things at all.
I understand what you posted. The person who requested the information may also understand what you posted, but I can't speak for him/her. I provided the information that was requested as a courtesy....anything I can do to help is just a drop in the bucket compared to all of the help I have received from people on this board. I did provide a link to the source of the information I posted, in order to minimize any confusion.
I am not saying I agree or disagree with what you posted......some folks do feel comfortable with calling a trade at the bid a "sell", and calling a trade at the ask a "buy". My limited experience tells me that trades at the ask are much better for us investors / traders than trades at the bid.....IMO it doesn't matter if the trade at the bid was retail or MM manipulation, it still isn't good.
Anyway, long explanation LOL.
235,600 buys and 1,803,044 sells from http://ih.advfn.com/p.php?pid=trades&cb=1256924337&symbol=SRSR&java_vm=sun&java_vm_ver=1.6.0_16
If we get destroyed by the R/S, what happens to these people? I would think they have a LOT more clout than we do. I would also think THESE ARE THE PEOPLE WHO VOTED FOR THE R/S!!! So why would they vote themselves into the poorhouse? Sure, maybe I can't see behind the scenes - maybe they were promised preferred shares or something else appealing to them.....but still......
Name And Address
Number Of Shares
Beneficially Owned
Percentage of
Outstanding
Shares
Henry Liguori (1) 0 0%
ATB Company (2) 15,000,000 8%
Chen, Hai Ying (3) 15,750,000 9%
Liang, Hui Yi (4) 15,750,000 9%
He, Wei Ying (5) 15,750,000 9%
Kong, Teck Fong (6) 15,750,000 9%
Lim, Chean Shen (7) 15,750,000 9%
Wong, Cheng Wai (8) 21,000,000 12%
Lian Yin Properties (9) 5,250,000 3%
All Officers and Directors as Group 0 0
Total 120,000,000 70%
Not sure which happens first, but here is some information from:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6858906
The Reverse Split will become effective immediately upon the filing of the Articles of Amendment with the Office of the Secretary of State of Nevada. A copy of the Articles of Amendment is attached hereto as Appendix A. The filings will be made at least 20 days after the date this Information Statement is first mailed to the Company’s stockholders.
There are no guarantees in pinksheets. All one can do is select based on management, past history (including pumping history and/or lack of pumping history), company actions to date, transparency, etc. My feeling is that if you like SRSR, buy some shares. If you feel this is a high risk gamble then by all means buy shares of a lower risk gamble company. If you find one, please PM me, as I would be VERY interested in a company that is lower risk than SRSR.
And why the panic selling? Didn't these sellers realize that in this situation there is ALWAYS the chance of a R/S? If APTH, with an O/S of under 1 million did a R/S, then anyone can LOL.
However, the post R/S pps will be based on the last sale pre R/S. So instead of $2, it will be $1, because of the panic selling.
If the company truly meant that they want the share price to be higher so they can uplist, then they might just be too smart to do anything that would cause the share price to drop. Yes, they can get more $$ if they dilute......but in that case, why bother to mention uplisting and better share price in their filings?
For a good company, who plans to get even better in terms of revenue, etc. after the R/S, things can be good. For trash companies (ones with billions of shares who R/S often), it is always bad for the shareholder. I think WAVL / CNDC is a good company, so I expect / hope the pps will increase after the R/S.
The R/S applies to everyone. The notification will only go to those shareholders they knew about on 9/2.
This is one of the most liquid stocks I have seen. Plus, if someone has to sell a portion, there is a good chance they are selling at a profit.
When you have a personal need or crisis, sometimes there just isn't any choice. I don't think mariner78 was happy about having to sell any of his shares.
For Fusion and anyone else who had a split second ordering advantage, this concept works great! For me, as soon as I entered my order at the ask and then checked it, the pps was beyond .001. Good luck to all of you, this doesn’t work for me……I accept my bagholder status from last week, and I am out.
From http://www.sec.gov/answers/form13f.htm
Institutional investment managers who exercise investment discretion over $100 million or more in Section 13(f) securities must report their holdings on Form 13F with the SEC.
Now, I surmise that Goldman Capital Management Inc. did not own any shares earlier in the year, but bought some recently, or else they would have filed a 13F earlier. I can't tell how much they own - I wonder if anyone could translate the following:
Form 13F Information Table Entry Total: 38 Form 13F Information Table Value Total: 107,338
At any rate, someone new seems to have decided to buy ISHM shares.
My DD makes me doubt the company is coming back, but maybe someone wants it? Sometimes my DD tells me ISHM is a lost cause, other times it seems to look good.....I have no idea anymore what to think.
FORM 13F filedUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 2009
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one):
[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Goldman Capital Management Inc.
Address: 320 Park Ave.
New York NY 10022
Form 13F File Number: 28-10731
The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained therein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this submission.
Person Signing this Report on Behalf of Reporting Manager:
Name: Neal I Goldman
Title: President
Telephone: 212-415-7260
Signature, Place and Date of Signing:
Neal I Goldman, New York NY, October 28, 2009 Report Type (Check only one):
[ X ] 13F HOLDINGS REPORT
[ ] 13F Notice
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manger:
None
--------------------------------------------------------------------------------
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 38 Form 13F Information Table Value Total: 107,338
--------------------------------------------------------------------------------
Please explain how "revoked" is proved by providing a link to a page that states "delinquent".
OK, I PM'd your post to him.