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I think the price target there is pretty darn conservative.
I suppose it all depends on the timeline they're talking about, but if we're talking a 52-week target, $1 is low IMO.
Personally I think a reasonable expectation is $1 by June and then who knows after that. Like SPARK said, once this gets into the dollar range, the big boys will start trading it aggressively and then all bets are off!
Nice, fuego. I think you'll be very happy with those buys in the not-too-distant future.
You're almost half way to the millionshares club!
Who knows how much more time you'll have to accumulate at these levels, so IMO a good decision to buy now. No time like the present, right?
Well that is about as "revealing" a post as I've ever seen here.
Thanks for that. It's VERY informative.
I hope that everyone here on this board understands EXACTLY what is being said with this post.
Thanks, gump.
100% agreed!
I maintain my position that this is about as good a risk:reward opportunity as is going to present itself in the investment world.
Are there "potential pitfalls"? Sure. But there are in literally every investment - Google, Microsoft, Teck, you name it.
The upside here, if you have the time and patience to wait, far exceeds that of the companies I mentioned above (and THOUSANDS of others!) - of course I am talking about % ROI, not outright share price...I don't think we're going to have too much luck catching up with Google's PPS!
Certainly cause to get excited.
P.S. Thanks for the congrats. Happy to be aboard.
Nice post Onta.
I would agree that keeping a level head is a good idea in any and all investments...so it's no different here with Sarissa.
It's often difficult to leave ego and emotion out of it, so maybe some of us get caught up in that a bit more than we should - I'll admit to it!
(Is it too late to make a new, New Years resolution?!?)
All the best brother.
Thanks Capt! Much appreciated.
I'll try to be an asset to the board and do right by you guys (and gals).
Have a good one.
That's his terminology for an R/S...a subject that was thoroughly discussed over the weekend and probably does not need re-hashing.
But if you wish to pursue it that's your prerogative.
All the best.
And just so I am remembering correctly, IYO "significant volume" is in the 20 million shares/day range, yes? At least at these prices, since it's relative to the PPS.
So around a million dollars traded daily is a good sign of real interest in the company?
Well by that logic then you seem to be suggesting that we're "due" for a big-time price increase to better represent the strides Scott & co have made since taking over in late-2007.
Nice - I love the optimism!
Who said anything about pumping? I certainly did not as I'm fully aware that pumping can be as harmful as its polar opposite. Unfortunately you are now putting words into people's mouths and that doesn't do you any favors in trying to prove your point.
Like I said in my post, I can appreciate the level-headed approach and I thanked you for it. But, like most everything else, I believe you'd be better served by doing it in moderation.
I was simply asking why you even bother posting about SRSR (and certainly with the frequency that you do) if there are no substantial gains to be realized for years and years to come - a synopsis of your words, not mine. If you truly believe that shares of SRSR need to be tucked away for years and forgotten about, then why is it necessary to discuss its lack of prospects daily?
That's all I was asking.
Actually, I think Mr. Keevil is between the proverbial niobium and the proverbial gold mine.
But that's just my glass-half-full take... ;)
Thanks JK. I appreciate it.
Keep in mind, I am a "young investor" myself (at least I'm holding onto that designation for dear life, despite many days when I feel pretty darn old!).
We're all here to learn from one another. That includes the good, the bad, and the ugly. There's something to be taken away from literally every single post on here. There is a fine art to sifting through the BS to find the nuggets of truth, but when you do come across some quality posts from quality individuals, you can learn a ton and be "put on" to some investments that can make you a boatload of money. There are loads of terrific folks on the Sarissa board and scattered all over IHUB.
Best of luck here in SRSR. I think you've found a winner if you have the patience to see it through.
All the best.
I would agree that Sarissa would be better served on a listing such as the TSX-V (I'm confident most here would), but it is my belief that you are dead wrong when you say that "this company will go nowhere until it gets into Canada..."
That's just not true. Look at how far the share price has come in the little over 2 years since Scott Keevil took over.
That is a percentage gain that is VERY difficult to match on the big boards, wouldn't you agree?
And it's been discussed here multiple times that Sarissa's limited funds are better spent on the continuation of their drilling program rather than the considerable expense involved in uplisting. That time WILL come, just not in the immediate future IMO.
Thanks webpence. I appreciate it.
I've enjoyed being a part of this posting community for the last 2+ years - there's some terrific, intelligent folks on here.
I'll do my best to help keep this board on topic and within the TOU as laid out by IHUB.
Here's to a great 2010 for Sarissa Resources and all its shareholders.
Just tuck them away and look back in a few years.
If this is how you HONESTLY feel, why do you feel the need to post on an almost daily basis that the stock price is going nowhere fast?
Something's not adding up here...
I just want to make sure I'm understanding what you're saying correctly.
EDIT: I should clarify that much of what you said is the truth and is good level-headed, realistic thinking - so thanks for that. But there is a bit of contradiction found in your message "delivery" and that's what I'm a little confused about.
You are 100% correct, MM.
A simple email to Merle will confirm that the focus has been, is, and will continue to be a continuation of the drilling program at the Nemegosenda property. That includes exploration of multiple zones there. It is an ENORMOUS property that is open at depth and continues to suggest that resources are present beyond their initial thoughts. That means that exploration, drilling, and testing are going to continue for a little while yet.
That is not to say that the company will not be active on other fronts (financing deals, Shining Tree properties, PDAC conference, etc.), it's just to say that drilling remains the FOCUS.
We have a lot to look forward to in the coming months (and years, if one chooses to wait that long).
Scott Keevil has a plan. Scott Keevil's plan is one that will maximize long-term shareholder value. Scott Keevil is executing that plan.
That's good enough for me. I'm not going anywhere...how about you guys (and gals)?
wikipedia? Seriously? - With all of your supposed connections and related experience, that is the link that you provide to back up your statements about SRSR?
Disappointing.
...but at the same time, kinda revealing...
Link, please, to support these claims.
And from hereforward, it would be much appreciated if the statements you are making as FACT are supported by some documentation.
Of course a lot of what you see here is based on opinion, hence all the "IMO" or "just my two cents" stuff and thus do not need links provided. But when statements are being made as fact, a link would be great so that we can verify.
Shouldn't be too difficult for someone with your wealth of knowledge to scare up a supporting document.
TIA, gump.
Thank you.
Let's get our focus back, shall we?
Do we have any educated guesses on what the next news will be coming down the pipeline?
We certainly have lots of options with multiple drills turning, a gold property NI being prepared, etc.
Let's hear it...
Yep, that's it in a nutshell.
Reasons to trust Scott:
1) He owns more shares than almost everyone here
2) He has proven to be very judicious with share issuance over the last 2+ years
That's all anyone really needs to know as it pertains to share structure and why an R/S is highly unlikely.
Agreed. It took me a little while to get wise to his act, but now it's quite clear.
A simple review of his posts shows that he is just pushing buttons to see what causes a spark. When he finds that spark, he pursues it for his amusement.
Clear as day.
I have just confirmed that it IS possible to increase the share structure.
Not that it will ever come to that, but SRSR has a few options OTHER THAN a reverse split should they feel the need to continue financing operations through the issuance of shares.
I agree that Scott, as a big-time shareholder himself, would be reluctant to make ANY move that could potentially threaten the integrity of the company or compromise the value he is building for shareholders.
That's my take on it.
Now can we please put this R/S debate to bed for a while?
Well I suppose time will tell (as it always does)...
But if I were a betting man, I'd bet the house we don't see an R/S here.
All along Scott has done everything in his power to do right by shareholders. He has issued shares only when deemed prudent to do so (as evidenced by ~3% "dilution" - such an ugly word!). He has not been issuing pump PRs to create false peaks and the subsequent valleys in the share price. Everything he has done since taking over in the Fall of 2007 has been to lay a solid, professional, respectable foundation on which to build the company. That MUST be taken into consideration when negotiating JV opportunities for the Nemegosenda and Shining Tree properties.
If you were a potential investor/financier, would you rather invest in a company who has done everything "by the book" or one that has a history of P&D that has an artificially inflated share price and less-than-reputable management?
The answer seems pretty clear.
That's my take on it anyways.
There would be no need to R/S or issue any new shares if/when we have a partner who will finance the steps to get Nemegosenda to production stage, correct?
Or am I mistaken?
What I'm getting at is that I am sure Scott Keevil has an idea of when the company will be at its critical stage as far as share structure is concerned. I have to believe that he will have a deal in place before it ever gets to that.
If anyone wants a good idea of how things could (I stress COULD) progress for us, please check out this release by MDN...
http://www.mdn-mines.com/Communique_e.php?id=68
It's recent, it's relevant, and it gives you an idea of just how much expense is involved in bringing a property to the actual production stage. If I'm reading it correctly and we follow many of the same processes and steps as this company does, we will NOT be able to go it alone. Sarissa just doesn't have the cash to do it (ex. the feasibility study itself cost MDN $7.5 million!). We will absolutely need a partner......which I don't believe will be a problem.
The silver lining is that our niobium property is SIGNIFICANTLY larger than the one being talked about here and is also an attractive opportunity because of its potential to be "open-pit".
The report also allows you to piece together a timeline that could be applied to Sarissa with a little knowledge of our property and what we have already accomplished and what still needs to be done.
This is quite the interesting read though because it opens your eyes to just how many steps are involved in going from "potential" to actual production.
Can't wait to see who we partner with to get our property rockin' and rollin'!
I sure do get excited when I think about it...
Interesting post if I'm reading correctly into what you're saying.
I don't think we have to worry about there being a problem with "something corporate or whatever" here. A little research into Scott's own history (independent of whatever his father and grandfather have achieved) will show that we have the right captain steering our ship.
So I guess you can call me the old Scotchman here (and there are others who could be given the same designation), as I've been saying for a while that this is a "buy and hold". I think that I will be a winner because of it.
I have done DD until the cows come home and I can't find anything that suggests this one doesn't have a phenomenal chance for success. The ONLY obstacle, albeit a fairly large one at present, is lack of funds. But there are responsible ways to go about raising CAPX for this project and Scott has proven that he will exhaust any and all opportunities to RESPONSIBLY make this venture work in a manner that maximizes long-term shareholder value.
I'm confident. I sleep well at night. And I have youth on my side, so I can certainly wait a few more years to see this thing through!
Here's a link to a PDF file for an overview of niobium by Globe Metals & Mining. I'm sure it's been shared here before, so apologies if it's a re-post, but at the very least it'll be a nice refresher!
http://www.globemetalsandmining.com.au/download.php?fname=uploaddir/announcement/Pdf_359.pdf
It's fairly recent (April 28, 2009) and essentially highlights the newest Roskill report on niobium (yeah, the $5000 one that I mentioned in my last post).
Some highlights:
- Potential for niobium to be used in 20% of steel products (currently ~10%)
- There are no suitable "replacements" for niobium, so it is not likely to become obsolete any time in the foreseeable future
- Prices likely to remain constant at pre-2008 economic crisis levels (more specifically - in November 2008, there was a benchmark contract price of US$19.50/lb - US$21/lb)
Another thing I noticed is that in Roskill's latest report on niobium, "The Economics of Niobium (11th Edition 2009)", they do discuss Sarissa Resources.
Now I have not seen the entire report as it costs a whopping $5000 USD.
But you can see the table of contents and Sarissa Resources is listed in them as being talked about on page 54.
Sorry guys and gals - I can't justify the $5K expense to see what they have to say about our company!
But it's nice to know that we are "on the map" so-to-speak.
Re/ demand for niobium at present and in the near future:
The recent large increases in niobium consumption have not come as a result of new applications. The principal markets - HSLA steels, stainless steels and superalloys - are essentially the same as they have been for years. Growth has come not only from the overall rise in global production of these materials, but also from the greater penetration of niobium in markets where it is already well-established and often irreplaceable.
HSLA steels, by far the largest application for niobium, are widely used in automobiles, construction and natural gas linepipe, all market segments that will return to long-term growth in a year or so. With the ongoing drive to achieve weight reduction in both the automobile and construction sectors, HSLA steels are likely to win further market share from mild steels.
The world's appetite for energy will see demand for gas linepipe remain healthy for many years to come. With the supply disruptions that have been seen in Europe recently, it is not beyond the realms of possibility that whole new transmission networks could be built. Demand for linepipe could prove to be higher than previously forecasted. The HSLA steel grades required for high-pressure linepipe cannot be made without niobium.
Re/ prices of niobium at present and going forward:
Key characteristics of the niobium market are the important role played by long-term contracts, which now cover about 95% of total sales, and highly stable prices. From the early 1990s to the mid-2000s, the average export price for Brazilian ferro-niobium remained within the range of US$12,500-13,500/t contained Nb.
That changed in 2007, when prices for ferro-niobium and other niobium products began to climb sharply. Average import prices for ferro-niobium reported by major importing countries in 2008 were more than double those seen in 2006. In the case of Japan, the average price rose from about US$9,000/t (gross weight) to over US$22,000/t.
Roskill's view is that the increase in price is not temporary. In real terms, niobium prices had been falling for years at the same time as demand was increasing and producers were expanding capacity, probably at considerable expense. An adjustment to the benchmark price at some point was inevitable. Niobium prices, particularly ferro-niobium prices, are likely to remain at about the level seen in late 2008 and early 2009 and will display little volatility in the coming years.
Even at the higher price, niobium inputs constitute a very small part of total production costs in the main end-use markets, and the opportunities to substitute for niobium in most applications are very limited.
Source ~ Commodity Online, dated March 2009
So the above is a little bit dated (about 10 months), but has some forward looking statements re/ demand, usage, and price.
It all looks pretty positive to me unless I'm missing something...
I would agree with this.
SRSR's average volume relative to our share structure and the potential of this company is embarrassing if we're being honest.
So when we have "above average volume" days, it is not necessarily BIG volume. 3 million shares traded is still an embarrassment. 5 million might help the share price move some, but at 5 cents/share is still peanuts when you really think about it.
Once we get into the 10, 15, 20 million share days consistently, that's when we know that we have significant interest. That's when we know we have better liquidity. And that's when we know that our share price can start to work its way towards truer valuation.
All IMO, of course.
Welcome gump90.
Quick question: If the Nemegosenda property got the "seal of approval a long time ago by the mineral exploration division of Gulf Oil", why would they choose not to retain it? Why would they not explore it further? Would it be due in large part to the fact that niobium was not a widely sought-after resource at that time? i.e. it was not economically viable to pursue the drilling, extraction, processing and "bringing to market" (for lack of a better term) because the demand could not justify the cost to supply?
In your opinion, would Gulf Oil's mineral exploration division have pursued this property further given today's niobium spot prices, increasing usages/applications, and projected growing demand?
Thanks in advance for your insights. You provide some interesting (sobering?) thoughts and I get the feeling they are coming from a position of experience.
You are stating this as fact b/c you have what proof exactly?
Please provide a link.
Tycoon ~ That's the only way you can look at it if you believe in the company.
Others will try to flip this and call the peaks and valleys we have along the way. They'll make marginal gains, but they'll also likely be on the sidelines and/or caught chasing when the big news hits. All the more power to these folks as they can say that they have "realized" profits each time they make a successful trade with SRSR.
In the long run that approach is going to look really silly IMO. I think you're right - whenever you have funds to buy, do it. Add to your position and sleep comfortably at night knowing that this is about as "safe" an investment opportunity as you're going to find on this exchange. It doesn't come without risk, but it also comes with a potentially life-altering reward. Personally - I LIKE THOSE ODDS! And I wouldn't want to be out when that happens thinking about "what could have been..."
So I will continue to add when I have the means to do so. Haven't sold a share in over a 2 years and won't until I feel we have achieved a fair market value for our company!
Best of luck to ya.
I like this post, dmbao.
I don't always agree with some of the things you say or your overall tone, but in this case I think what you have stated here is a no-BS state-of-the-company synopsis.
And you have some proof to back it up too, in that the last several PRs outlining what are widely believed to be terrific drilling results, have done little to boost the PPS. That is a verifiable fact. The PRs have, however, contributed to an ever-increasing foundation on which we can make a monumental "business development" (as you put it). And I agree that such an announcement will be THE catalyst that brings us closer to a true valuation of the company as reflected by the share price.
These drilling result PRs are not done for us. They just aren't. You can see it in the verbiage and in the timing of the releases. They are being put out so that there is a no-BS, fact only, historical record of proving up our phenomenal resource. They are doing it for FUTURE business partners/financiers/deep-pocketed investors/regulatory agencies/etc.
That's my take on it anyways.
They always said that they would maintain a complimentary listing on a US exchange (OTCBB?) if/when they are to go to the Venture or the TSX.
That's still a little ways off anyways.
Concentration is (and will be for a while) on getting this property proven up to a point that they can negotiate the best financing deal possible to sustain the company's future and ensure maximum shareholder value.
If I had to guess, I'd say we're still 2+ years away from uplisting.
Holy cow - somebody dipped their paint brush in the green can rather than the red one!
Yay for us?
Something tells me "they" are going to drop the bid near EOD to make us close in the red. Despite no trades all day south of yesterday's close, it would not surprise me in the least to see us close at 0.055 or something like that.
Not that it matters in the grand scheme of things, but classic manipulation at the bell nonetheless.
If I had to throw a total guess out there, I think we're "mining" by Q4 2012. That gives us over two and a half years.
We'll likely have AT LEAST one financing agreement in place (Shining Tree) that provides some cash flow. And we'll most likely have negotiated terms in some way, shape or form to begin extracting economically viable quantities of niobium (and REEs?) and have distribution contracts in place for getting our resources to market.
Scott & co. move quickly. Just take a look at what they have accomplished in a little over 2 years since coming aboard in Fall of 2007.
Again, this is pure speculation and 100% my OPINION.
Yep, nice steady day here. A low volume green day is a beautiful thing, especially after a mini-run. A lot of times you'll see a selloff by folks who wanted to make a quick couple hundred bucks. Not in this case. Looks like the accumulation over the last few days was by folks who are planning to hold for higher levels - how much higher? Not sure. But certainly not sub-6c!
Let's keep this upward trend going. Showing nice strength here.