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LOL
browndawg
I am too Bruce. Berman has been pulling his scams year after year changing the names of the companies, restructuring the share counts, promising the moon and people keep falling for it. He is non-responsive to emails and phone calls, rarely puts out updates, and then never follows through but people just keep giving him money time after time.
Anyone who looks at the history of this shell can see what's happened in the past and see the pattern of distruction of shareholder value and the wash, rinse and repeat cycles, but they seem to discount it completely and buy into the lies and ignore any advise of those of us who have dealt with him in the past.
Several of us in the past even went so far as to prove beyond a doubt that he took shareholder owned property and sold it to himself and tried to operate it independently paying all expenses out of this shell's bank account (we even got a banker to give us copies of the checks)and , then he tried to deny that this company ever bought it to begin with, which we proved was not true.
He had his brother PLANT uranium in holes to make it look like the property we had was more valuable than it was, and tried to get the drill operator to help him. We got the drill operator to cooperate with us to tell the whole story of all the things Berman was doing including leasing the equipment independently and then charging higher exorbadent prices back to the company.
The man is a jerk. jmho
I haven't posted here for month's and very few posts over the past year or so, but all you have to do is look at the history of this shell to see what has happened time after time. It's like a broken record. People put their money in and Berman takes it out. That's really all I need to say. jmho
browndawg
When dealing with Berman you will hardly ever get answers to your questions, and if you do you can't put any trust into the answers. jmho
browndawg
How well I know about the FDA not being under any obligation to approve a drug or treatment just because another country has approved it. I own stock in another company that has received approval throughout Europe for the administration of high dose chemotherapy and other therapeutic agents to diseased organs or regions of the body, but was unanimously turned down for approval here by the FDA recently for being too risky. The stock dropped 75% in one day. imo
browndawg
Merle should have just said I don't know. The SOE is in the business of analyzing that type of material on a daily basis and it doesn't take that long to do it. That's what they do. The delay is theirs in releasing the results to us. Why, we don't know. I doesn't take 6 months to get the results.
It's just like the comments of "It's complicated" and "Things are extremely busy". They are meaningless.
I tried to email Scott at Sarissa using the email listed on the website "info@sarissaresources.com" and it comes back as undeliverable. I sent it to Merle as a copy hoping he would forward it to Scott,expressing my feelings about the lack of communications and updates even if there are no new JV prospects at this time. I expressed how delays of 6 months or more with no info effect everyone and breed distrust and lack of confidence in his management. I don't know if it will do any good, or even if Merle will forward it to him, but at least I tried. By the way, does anyone have another email address for contacting Scott?
There has been some nice moves in the pps lately. I hope it keeps up. jmho
browndawg
I just wish they would spend some money drilling on this last property. It shows some really good sampling and may be worth spending time and money here rather than going after more properties. jmho
browndawg
I wonder how we can verify that meeting with the banks and the White House? If that's true I am going to really have to do some serious thinking about my own personal plans and maybe adjust the timelines. imo
browndawg
"I believe that the testing continues and at the conclusion of that there is a possibility of a deal still with he SOE.
I don't think one can make the jump to claim there is no SOE interest going forward at this time.
I am certainly not confident there will be a deal with the SOE any time soon but am not ruling out the possibility."
I believe there is an overall decline in steel production world wide and that is the main reason for the lack of action at this time by the Chinese SOE. They know there isn't anyone breaking down the doors trying to do a deal with Sarissa now. They can take their time and maybe even work out a better deal for themselves. Most all the leading steel producers are having a really bad time and their stocks are suffering badly too.
I do not think it's taking this long for the SOE to process the materials they took from Sarissa, this is what they do. They have a monopoly on processing these materials and it sure wouldn't take them 5 plus months to do it. As far as writing the report, who knows? But I'm sure they could knock it out in a short period of time if they wanted too, but hey, why hurry now? They are holding all the cards and we just have to wait and see if they want to re-start discussions at a later date.
It would be smart for some North American enterprise to be trying to work a deal with us to get away from China's lock on being basically the only supplier and determining how much they are willing to let go of. The West already knows they are in trouble with stockpiles of REE's and Niobium as an end product and they have taken no steps to do anything about it. jmho
Here is a very possible reason for the delay by the Chinese SOE to complete the deal right now with Nio-Star: This article is from the Growth Stock Wire. I'm sorry I can't provide the chart.
Despite all the innovations in smartphones, medicine, and media, the world is still built on a foundation of steel, concrete, and other vital building materials. Factories, cars, appliances, bridges, and construction equipment all require some type of steel.
It's approximately a $1 trillion industry. (For comparison, the pet-care industry is just $50 billion.)
Over the past few years, the steel industry has faced a sluggish worldwide economy and excess production capacity. This has caused prices to fall more than 30% from their pre-financial crisis levels. It's also producing big losses for large players like ArcelorMittal (MT).
ArcelorMittal is the world's largest public steelmaker. As you can see from the chart below, the stock has declined from $45 to $12 in just the past few years. Last week, shares struck a new 52-week low… which is even lower than the panic 2009 low.
ArcelorMittal is one of many steelmakers reaching fresh multi-year lows. Other large steelmakers U.S. Steel (X), Gerdau (GGB), Mechel (MTL), and POSCO (PKX) are plummeting.
POSCO is a favorite of many knowledgeable institutional investors. It's considered a "best of breed" steel stock. As you can see, even its elite status isn't saving its shares. Like ArcelorMittal, POSCO reached new multiyear lows recently.
What are you to make of all this?
Keep in mind that much of the steel industry's problems are of its own making. Countries like to boast strong national steel industries. It's seen as a "strategic" necessity… Too much production capacity has been subsidized and built.
And by itself, the horrible steel bear market is not cause to sell everything and expect a recession. But this severe plunge should also raise some red flags. It could be an early warning sign that the global economy is getting weaker and weaker. Is the "China wreck" that many bears expect taking place?
We can't know. Right now, it's simply worth monitoring. It's also important to remember that steel is a cyclical "boom and bust" industry. If the economy holds together, the steel industry will bottom… and these beaten-down stocks will double and triple in a matter of months, not years.
More on this situation to come in future editions.
– Brian Hunt
I am a long whether I like it or not. lol I bought it the day before it dropped from $1.45 to about .69 or lower and never regained anywhere near it's previous highs. So much for the "Oil and Gas Guy's advice. lol
browndawg
I guess we need an Asst. Mod like es1 just to keep things on an even keel so there aren't too many positive posters. I may not like the fact that we don't get timely information from Scot and I have expressed that on occasion here. But this daily discussion of how the company is next to worthless and is so because of Scot is unusual of an Asst Mod position to say the least. imo
browndawg
I don't understand why this company doesn't do something with some of the claims it already has, rather than just go out and acquire more claims. It already owns more claims than it could possibly work in the next 100 years. I know they are hoping to work out some JV's, but good grief, if they would just concentrate on at least one or two of the ones they already have we could gain some value here.At this rate we ought to own or have leased 1/2 of the Dominican Republic by next year.
imo
browndawg
Thank you for pointing out the facts that both sides are right to some degree. This particular NI-43-101 is not the Be-All-End-All Report just short of a Feasibility Study. It does not show the Indicated, Proven, and Inferred amounts of gold at the Ruby Mine. No initial NI-43-101 Technical Report could do that, and that was not what Perry intended this report to do. On the other hand what Perry did intend and what this report does do is show that this property is a property of merit and is worth mining. The Historical data shows how much gold was mined there in the past from the different areas and the type of veins found there that makes it likely to find more gold with more exploration. That was the purpose of this NI report, nothing more as was explained in Perry's January PR when he announced his intention to have it done. Also, this is probably only the first of several NI-43-101 Technical Reports to be commissioned during the mining process. imo
browndawg
I agree and I am NOT trying to start something here. I was just mentioning that the pps is not a priority to Scot. The long term goal is his focus. imo
browndawg
I sure hope the 60 days was just for wiggle room. Right now I am sure there are a lot of miners submitting their plans for approval and that's why he used that time frame in case it takes that long for the Mining board to get around to our proposal. I hate that we are losing mining time, but Perry and the new Geologist I'm sure have based this on good information to make this decision. I don't mean this to be a gripe, I'm just ready for us to start actual mining.
jmho
browndawg
Management has never cared about the pps here. That has been related to us time and again when speaking to Merle. That's a shame but true. jmho
browndawg
Has anyone had a chance to review the annual report? I know it hasn't been out that long. I haven't been able to access it. TIA
browndawg
We will never see true reporting in the main stream press until the whole banking system blows up. Then it will be too late. I can't believe all the TV financial pundits claiming the nothing like Cyprus can happen here. Haven't they read that Congress has proposed taking over our IRA's and 401K's here already?
browndawg
You are talking about spending 2mm dollars to get a complete NI-43-101 to get investors interested in the EB-5 program and otherwise just plain investors interested in the Ruby Mine. If the NI-43-101 is not necessarily the best measurement of a mine like the Ruby, then why would we want to spend that kind of money in getting a full report like that in the first place? jmho
browndawg
I agree. Why would Sarissa not be part of those? But,Merle claims they ARE still part of the team. I can't say they have been doing us a lot of good though. jmho
browndawg
Are you forgetting that we have also been told that this type of mine is not suitable to having the typical Ni-43-101 completed? Due to the type of mine the Ruby is, drilling straight down in a vertical fashion which is how most of those Canadian reports are based are not feasible for a mine like the Ruby. jmho
browndawg
Niobium is not gold. Most people have no idea what niobium is. imo
browndawg
That means someone bought 500k shares. imo
browndawg
These last few posts have certainly been educational and interesting. I believe I have learned a lot just reading the info from two informed individuals about the inner workings and the macro/micro accounting of a mining operation like the Fraser project. Thanks guys. imo
browndawg
that's the one.
browndawg
More good news for PAAS this morning. Check out the latest.
Athena Silver Provides Update on Langtry Project
browndawg
More good news for PAAS this morning. Check it out. imo
Athena Silver Provides Update on Langtry Project
More good news for PAAS. I wish more people were paying attention to this. I quess there is just not as much interest in silver right now, but that will change soon I hope. jmho
browndawg
I have been in this stock for several months. Unfortunately for me I bought right at the very top and the next day it began it's infamous drop. I don't fault the fact that the company makes aquisitions as the properties appear to be worthwhile. But there never seems to be any follow-up work done on any of the properties purchased. Is it the aim of the company to just buy the properties and hope that one of the neighboring larger Miners buys it out? TIA
browndawg
I'm not familiar with the weather up there. If that's so maybe they are already starting. I hope so. imo
browndawg
Thanks for the info Alj14. I hope they are right, I have multiple investments in silver and gold properties and a lot of money tied up in them. I could sure use a turn around in the precious medals prices and mining stocks. lol
browndawg
At this stage of the game I don't know why you are complaining so much. If this were December I could understand it more, but it's almost April and the mining season is about to begin. We have bright prospects on the near term horizons and I for one am looking forward to the positive aspects of this stock instead of complaining about what hasn't happened in the past. jmho
browndawg
We know the reason for the recent drop in pps is due to the private placement at .80, now that's done and the company has some money in hand maybe we can see some movement in the right direction. jmho
browndawg
Last week there was a great interview on Kings World with Jim Sinclair about the Gold Market and what he believes the Central Banks are doing at this time. He stated that the Central Banks are setting a floor for gold and should allow it to begin to rise soon. He believes that they have achieved the price level they wanted and that the recent buying by the Central Banks has allowed them to stockpile gold to a percentage of their holding they feel comfortable with now, and that they will begin to ease the pressure on the pps. jmho
browndawg
That seems like a fair assessment to me. Thanks.
Browndawg
Tangiers seems to be fine with lending more money to NBRI and with extending the payment dates to keep from putting too much of a strain on the company so they work things out to our advantage, and maybe their own too. So far it has been advantagous to us. I don't know exactly why this business araingment has worked so well so far, heck maybe the principal lender behind the loan with Tangiers likes gold better than the cash he is providing and is willing to wait on his return. Remember Tangiers is more of a money "facilitator" and not just the financial institution itself. They have the contacts with the money. jmho
browndawg
I spoke with Merle this morning and he said he thought there might be some kind of release in the next few days though he couldn't say for sure. He didn't indicate that there was any type of problem, of course he couldn't anyway, but he sounded reassuring that everything was still OK. jmho
browndawg
Great news. Maybe now that we don't have to worry about Seaside dumping every few weeks this can begin to act like a true market now. imo
browndawg