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Nope, probably someone else.
Doesn't really much matter if we close at 0.037 or 0.04 as far as I'm concerned...
...it's a far cry from our real value (or at least what I perceive it to be!) and thus makes it pretty insignificant in the grand scheme of things.
The bulk of the volume was one seller late this morning. He dumped around 1.5M at the bid and it was absorbed very quickly, but caused the drop you see on the daily chart.
Apart from that the volume has been fairly low.
Just wanted you to be informed!
Have a good one.
Looks like we're starting to battle back a little bit following that late morning dump of 1M+ shares by one holder.
It'll be interesting to see if we have enough buy interest here today to move us towards an even or green close. That would show a decent amount of resilience in the stock, given that a good chunk of the day's volume was one anxious seller...
Of course you don't.
I agree that price predictions are probably not necessary as there are way too many moving pieces involved and NONE of us here are well enough educated in this field to accurately forecast a SP...
That said, repetition of state-the-obvious claims such as: "there's no catalyst", "maybe the stock will go lower", "there's no buyers" doesn't exactly help anyone here, now does it?
If given the choice between the two, I'll gladly take the folks who are trying to put a positive spin (no, not "pump") on our prospects...after all, that's why we invested here, yes? To make money...
Thanks for your contributions, dmbao. You are an invaluable member of this posting board. Super helpful.
Your optimistic outlook on SRSR is always welcome... ;)
Yep, it's a tough lesson to learn (isn't that right TS/TD?), but people do what they have to do.
As I've stated before, I'm not selling a single share until my target price is reached and even at that time it will depend on the state of Sarissa.
Let's just say that what I believe is a fair market value for SRSR is nowhere close to where we are now. But as we saw last Spring, that can change very quickly with the right group of investors anticipating big news...
And that's apart from a very nice SURPRISE piece of news from the company that could also send this much higher.
Really not a whole lot of downside risk to holding here...but the upside potential is, well...lets say "considerable".
Wow, talk about shooting yourself in the foot...yikes.
All the best in your future trades and investments.
See how quickly those shares got gobbled up?
There's definitely buying interest here, but when a seller comes along and is content to dump at the bid, we'll see the drop.
I certainly hope that's the last of the supremely uneducated and impatient holders getting out. Anyone who sells here (especially in any sort of volume) doesn't deserve the rewards this company will provide down the road, IMO.
Agreed.
I should count myself as one of the very fortunate ones who has both the time and the financial position to allow this one to sit for years. I'm relatively young and not in "need" of the funds I have tied up here, so I consider myself very lucky. If anyone else is in this position, SRSR is the stock to be in - no doubt about it. There just aren't many companies that come close to offering the risk:reward this one does if you are in the position to see it thru.
That said, we also have to acknowledge and appreciate those folks who are holding SRSR and are a little more "seasoned" - i.e. have less time to wait for a sizeable ROI - and I can understand their frustration with the markets slow reaction to what we really have here. I truly feel bad for these folks b/c I have a sneaking suspicion that many have already sold (or will sell in the coming months) at what will turn out to be a fraction of the company's recognized value in many months/years' time.
So until the time comes when I feel we are approaching fair market value, I will buy and hold at these bargain prices. I have a target # in mind, but I must admit it has moved UP in recent months as we keep turning the pages of the book of SRSR.
The future is bright here. So we wait...(if we can).
I can't imagine it would be the sellers who "flinch" given that we've been tossing around the "T" word lately - thanks to your fine work.
I have to believe that excitement will come back to the board after we string together a couple of green days in a row. We just need some momo...not a pump by any means (always does more harm than good), but some legitimate momentum as a result of stellar news or the anticipation of such.
It's coming...I just don't know when.
Not really sure what to make of this HUGE volume early this morning...haha.
Of course, I'm kidding, but it really does beg the question: are there no sellers left at these levels or is there still a shortage of buying interest?
Perhaps it's a combo of both?
Well that's a nice position to have here.
When you think about it, that's $10K at current prices; a new car at 10c; a nicer, newer car along with a pretty sweet vacation at 20c; a house at a buck...
Well, you get the idea.
Keep accumulating when you can Tycoon. These prices are a bargain IMO and will only appreciate in value as time goes by. SRSR is as safe an "investment" as you're going to find on the pinks IMO.
Best of luck!
We've seen how easy this can move with any sort of sustained buying...
You are right about news hitting any time now. We know we're waiting on results from 2 more drill holes.
Doesn't sound like we can expect much news on the Shining Tree front until the summer once they've recommenced the drilling program there.
The focus is - as it should be - a continuation of proving up and identifying the deposit at Nemegosenda. LOTS of work to be done there and it'll still be a little while yet before we can accurately project what kind of total value the full 9000 acres holds. But we WILL receive periodic updates and of course the JV news is never out of the question. All depends on whether or not someone blows Scott's socks off with an offer today, tomorrow, sometime this summer, or sometime in the next couple years...
But 2010 should be a very good year for SRSR and its shareholders. Of that, I am certain!
Starting to get a few buys coming in now after a very slow first hour of trading...
Let's see where this goes if we can get a million or so volume before lunch time...
Now we just need some of those deep-pocketed folks to step up and knock out some consecutive 100K, 250K, 500K share trades...that will really help get us through the resistance that dolphintom was mentioning is littered throughout the 4s...
...and maybe signal a true reversal of trends?
Hmmm, hundreds of billions of dollars worth of assets and we are 4c/share?
Methinks the potential upside just slightly outweighs the downside risk here....
;)
Nice work Pdog - always fun to read your stuff. You certainly are an asset to the board. Thanks for your time and efforts my friend.
I think we are mistaking "fundamentals" with "technicals", are we not?
Our fundamentals have never been stronger, especially with yesterday's PR indicating that the Nemegosenda property is even more massive (i.e. potentially valuable) than originally believed.
Our technicals on the other hand...well, I'll leave that up to folks who are far better educated in that arena of stock trading.
Did anyone else think, as soon as they read the part about us barely scratching the surface of our mineralized area, that we are darn lucky Scott did not enter into a JV already?
I immediately thought that. Think of how much more leverage this gives us in negotiations for that portion of the property (if we do, in fact, JV each individual "zone")? Our resource base has now grown by an exponential amount.
I'm having a hard time tempering my enthusiasm with this latest PR.
The story keeps getting better and better, regardless of what the PPS says today, tomorrow, or the next day.
Methinks the longs here will be seeing a LOT of green in their future!
Some buys coming in above 0.04 now.
1.24M volume in just over 15 mins.
Can this keep up?
Some nice early buys here this morning.
Question remains: is it temporary or sustained?
Here's another thought...
That's a pretty long yellow line, yes? Seems like a decent amount of time has passed, along with millions upon millions of shares traded, where you could have exited your position at a moderate loss, rather than holding on to the substantial one you claim to be having (on paper).
How is one PR outlining how much time we have left in drilling or who we have entertained JV offers from going to change the yellow line on that chart for any more than a "blip"...
THAT is what I am saying. It will be a gradual, sustained change as a series of news-worthy events are released as Scott & co. see fit...that is what is going to change your chart, your bank account, and your outlook.
You either have the patience to wait for it or you don't....your choice.
Nothing is personal here supermegadope. We're all trying to make money, are we not?
Who said anything about a cult or not being able to discuss how we could be performing better? You are sensationalizing things to try to prove a point and unfortunately your argument doesn't hold any water...
My point was - if you believed in the company and the management when you bought in (even if you did so at a peak of .209), you should still believe now. The story has only gotten better and the company has only progressed towards the ultimate goal of becoming a full-blown, revenue-generating mining company. It takes time. No promises were ever made that it wouldn't. Not by Scott. Not by me. Not by anyone. I would bet the farm that we will see share prices over .209 at some point in 2010. It will be YOUR choice to decide when and how much you want to sell at that point based on the direction of the company at that time. Just as it was your decision to hold as we have been declining in share price.
Trust the DD that you did before you initially took a position. I have to believe that Scott's pedigree and his ability to steer this ship in the right direction played an important role in you deciding to invest your hard-earned money.
Good luck to you.
Nice post. Apart from the timelines, I couldn't agree more with the way this is going to play out.
I am always overly conservative with timelines, budgets, and things of that sort because they seemingly ALWAYS take longer or cost more than originally thought.
So if you say end-April for updated NI, I'll be happy to see it by the summer. If you say summer for the JV, well the end of the year will do just fine for me.
Not saying you're wrong at all...you could very well be right. But I just like to prepare for it to take longer and then I find myself pleasantly surprised if it comes sooner!
Heck, some of us have been here for 2 and a half years, so what's another 6 months, 12 months, 2 years? I have a price in mind where I will exit and I don't mind waiting for as long as it takes to get there (within reason, of course!).
Have a good one, P.
Here's a thought - why don't you let Scott run the company the way he sees fit. Something tells me he's slightly more qualified to do so than you or I.
If you don't trust that he can do the job and provide us with a return on our investment...well...now we be the time to cut your losses and move on to a company that has a CEO who conducts business a little more to your liking.
Really, I find it kind of funny that so many people are freaking out about the share price right now. Were you planning on selling in March 2010 when you bought in? Probably not, right? So what does it matter what the share price is today, tomorrow or next week?
I'm interested in what the share price is once this company really starts to hit its stride. At that point, it really won't matter what the price was on March 10th, 2010.
Get my drift?
Pdog - it will really all depend on the terms of the JV...
But if what Scott has been saying is the truth and he is waiting for the best offer available (and has been since turning down other offers), I can only imagine that the deal will be VERY attractive for all parties involved...including us, the patient shareholders.
I am certain we will look back on these times as little more than a period where we had to show some faith and "weather the storm".
If you believed in the story when you first bought in, you have to believe in it now considering it has only gotten better over the last couple years...and of course, we are that much closer to having fully compliant reserves, a better understanding of our gold property, information re/ REEs, and becoming a fully operating mine that generates millions upon millions in revenue every year.
There is so much to look forward to in the coming months and years. I feel for the folks whose situation does not afford them the patience that mine does, I truly do. But for those who can stick it out - they are going to be VERY happy campers IMO.
When there are newsworthy developments they will issue a PR. No sooner, no later. That has been the M.O. of this company since Scott took over in Fall 2007 and he has not since wavered. I wouldn't ask him to now in the face of a falling share price. I don't need any artificially inflated share prices or a "value" that is only buoyed by PRs to appease the masses. Substance (i.e. quality over quantity) is what is going to have the greatest impact here in the intermediate- and long-term.
I am patiently waiting. The lower the share price goes, the more I will buy.....and the more I will laugh when we start moving the decimal place to the right.
Conference "coming up"?
You should check your dates, if you are referring to the PDAC.
Somebody just dumped about a million shares at the bid.
That person will be kicking themselves in a short time IMO.
Agreed. There is certainly a renewed sense of excitement on the board. It's good to see.
I will be interested to see OntaREEo's take on the PDAC and what he took away from his discussion with Scott & co.
But Scott seems to have now indicated that the company's direction is in line with what we all had been speculating - prove up as much of the resource as possible within our means; NI compliance; sign the best JV deal possible to facilitate the move to the next stage of the project.
2010 looks like it could be quite the year for Sarissa and its faithful shareholders!
Link please to support your claim...since you are stating it as fact, not opinion.
Thanks.
This is a great sign guys and gals! Take a look at last night and now just recently...the "quality" of folks making an appearance on the board should indicate a beautiful buying opportunity here in SRSR. It has in the past. It's not exactly a "technical" indicator, but we all have observed that vultures are opportunists, yes? They don't hover around things that are not going to yield any reward....
Green days in our future!
Look who is back! Time to move up.
So stop watching it.
It's not rocket science.
SRSR was always going to take time to develop. Tuck it away in your portfolio and concentrate on other stocks that will provide you with more "excitement" in the short-term.
Agreed. Has been that way for quite some time now.
The only question that remains is...
What is going to be the catalyst for sustained buying interest?
The floor is open for suggestions...
Have a good one.
No, nothing specific to SRSR.
It's Canada's largest mining conference/"trade show" of the year. All the big boys are there and many juniors as well.
Tremendous networking opportunities and a chance to show off your properties.
The intelligent attendees will be able to use this as a good juxtaposition for many up-and-comers...something that allows them to separate the contenders from the pretenders, so to speak.
SRSR's properties should speak for themselves. And having someone with the last name Keevil standing there to explain the company's prospects doesn't exactly hurt either.
Nice find. Thanks gwe.
Seems like ST is a very popular area for exploration these days...
Methinks that wouldn't be the case if there wasn't terrific potential for economically viable concentrations of gold.
A JV here is looking more and more likely.
Incorrect (partially).
I have been informed that if (when) Sarissa uplists to the TSX or TSX-V, they will maintain a complimentary listing on a US exchange...likely the OTCBB. So I would have to assume that the SEC would be involved in that portion of the uplisting process.
I guess that means we have to pass through the restrictions/qualifications of two countries' trading agencies?
Someone please correct me if I'm wrong.
I'm sorry, but that's a pretty ignorant statement.
Scott may not be YOUR version of shareholder-friendly.
My concern is solely the financial aspect of it (as I'm certain everyone else's here is). As far as I can see he is working his plan to maximize shareholder value in the long-term. He never made any promises about short-term/immediate ROI and never said that he'd hold our hands along the way.
I think that Scott will prove to be extremely "shareholder-friendly" in a year or two's time. And that's when some (or all) of us choose to cash out with a considerable amount more money than we initially invested.
There's so much armchair quarterbacking going on here I just have to sit back and chuckle. But this statement kinda irked me, so I apologize if I'm taking out my bottled up frustration on you - it's not my intent.
Is that better or worse than a "Nessie Snout" pattern? ;)
It would be very interesting to see the link that supports the statement of "statistically its about 1 in 1000 shot for a pink sheet stock to make it big."
Especially considering the phrase "make it big" is extremely relative and undefined.
Heck, I would consider triple zeroes to over 20 cents in under 2 years "making it big".
So I guess SRSR has already proven to be the 1 in 1000. Stands to reason, does it not?