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I hope Buffet is/was in Scott´s focus also. Recently, there was an article here on Buffet investing in an american resource company with interest in Korea, I think it was tungsten property.
I like your sarcasm... Not sure how to interprete that SRSR/NS would like to continue with SOE to JV, for me this means that there is no other better potential buyer in the raw.
It will be interesting how the market will react on this news...
I wonder if the buying is just speculative or if something leaked...
Likely non-believers in the deal/its anticipated date or traders. Who knows.
Take it from opposite side. Likely the stock will keep falling, and allowing those who trust in their DD and have some dry powder to buy more. I understand many of us are frustrated from slow movement events and the market response, but I will be happy to buy very cheap shares.
Smells like further buying oportunities are coming again.
Have a nice time there, AlanC. Let us hope when you come back the short numbers will not be be important at all, the deal having been closed.
This is our selling price, I just was curious for how much SRSR/ST purchased the claim, and how profitable the deal is. I guess not much.
Do you know for how much it was purchased?
Agree, smart people who believed their DD and bought that high, averaged down later on, they had a lot of opportunities to do so depending on their buying power. Regarding the future price, I don´t dare to predict, as market reacts rarely the way which looks logical and correct. Let us get suprised.
Exclusivity yes, but not the results of testing 900 kg of rocks.
No deadline announced. Read carefully what was written.
If there is some significant naked shorting with SRSR, it is pity that spin-off has not been made before the negotiations with the companies interested in merge. SRSR position, due to higher PPS would be much stronger than 0.02 $ and the offer more fatty.
These investors who bought at .2, had the opportunity buy more when the PPS went down, and to get to reasonable averages around .04. I f.i. have APPS even higher, and feel pretty comfortable, and take any chance to buy at low prices.
Yeah, I also consider thinking whether the bottom is about now or if I should wait a bit for buying some more...
Oh, how many posts about "talking to Merle" with negative accent have you published here. You even may be correct at the end, but I don´t trust these fairytales.
Not sure what management fees exactly mean in the PLS. As per Mgmt circular fro 2011, the only person with compensation was only Scott, and for 2010 his remuneration was stated as 127 000 CND. For the whole 2012 now it looks more than 450 000. I did not catch any other info about any change.
You are right, potential is huge, itself is no guarantee of anything, but the chance of its utilizing pretty high.
I had in mind mainly the mods who left this board, which does not implicate I don´t like f.i. dmbao´s posts, yet he is (in his own words)not an expert in mining/exploration. If you are mostly a trader, as it seems to me I think there are other boards around you could join for playing any stock, mostly regardless any DD´s (Runners, Momos, Momentum players, ...), rather than this one. Your contribution to making a detailed picture of this stock is too low....
OK, Asegal, knowledgeable mods provided splendid DD´s. DMBAO, fi, tries to submit you at least fragments of them. It was up to each of us how to interprete the facts/ideas/assumptions from mods posts.
Assegal, I and I think most of contributors here, prefer knowledgeable mods. Does not make sense to me why you applied for that, and became a mod here. Warning again risky pinkies in general, that is not too much...
Onta, could you please explain the story about KMG more in detail?
Grabbed 90k at 0,0231 today, picked up almost the bottom (until now...)
Dual analysis is just a routine but reasonable mutual confirmation of rock quality. If I remember rightly f.i. there was a couple of paid bashers just after disclosure in Oct, that were slandering the late Mr. Hawke and his work on this forum. Some people could lose trust in credibility of the results.
That´s for sure, assay itself is the cheapest part of intended research of the ore.
I am sure the Chinese assay data will be very close, the differencies being caused just due to sampling method. But psychologically, the verification is very important, as there was also a campaigne here about credibility of historical data.
Maybe they could easier take officially small samples already in Canada before shipping them to China. That is why the assay results sre published easier.
I read it that clearly Canadian lab was testing a part of samples send to China, so very similar results should be expected from Chinese. It is double check, pretty normal.
No actual news, but important for non believers that the Nemegosenda rocks DO CONTAIN niobium and REE´s in concentrations reported before, and that the property is not a scam. Soon, the chinese partner will inform us about its analyses, and hopefully about much more important metallurgical extractions methods and processes.
I mentioned here some weeks ago, this was logical and I also asked Merle who confirmed that (only) basical assays was made in parallel in CND.
I would better dream that the daily volume is 100 M shares at 0.04+ $...
As much as I wish to see a positive news, sorry but Sierraworld is not just the source I would trust, it spreads "potential mergers and buyouts" all around...
SRSR presented its potential during shows years ago, so many potential investors could place their bids. Unfortunately, they did not, why, that is the question...
Who knows, I am still waiting for better price to buy more, having built up a solid base already.
There are no buyers but DMBAO these days, it seems.
Really, just pumping, based on no facts/news. Did not help much.
AlanC, "THEY" may be powerful and use every trick, but THEY cannot prevent anybody from buying which is very easy. I am also scratching my head why the true longs have not been purchasing more, whilst they were not selling, at these superlow prices.
I am certain that Chinese will also do proper analysis of adit samples, and Scott did the same. Trust but verify... But the main reason is as written in the LoI.