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It appears that Scott is investing in other ventures as well, buying claims from Joshua Gold Resources where Merle's does PR for.
On June 3, 2013, Joshua Gold Resources Inc. (the “Company”) entered into and closed a mineral property acquisition agreement (the “Agreement”) with Midnight Capital Corp., an entity formed under the laws of Canada (“MCC”), pursuant to which MCC agreed to sell to Company an undivided one hundred percent (100%) interest in and to certain mineral interests consisting of six (6) patented claims located in the Townships of Neville and St. Louis, Ontario, Canada (the “Conveyed Property”). As consideration for the sale of the Conveyed Property, the Company paid One and No/100 Dollars (CDN $1) and issued 500,000 shares of the Company’s common stock. As of the date of this filing, CDN $1 is approximately USD $0.97.
Scott Keevil is the president and sole shareholder of MCC. Mr. Keevil is also the beneficial owner of 3,533,334 shares, representing a 4.521% beneficial ownership interest in the Company immediately prior to the closing of the Agreement.
http://www.sec.gov/Archives/edgar/data/1475430/000151116413000258/f8kjoshuagoldmidnightcapital.htm
On June 25, 2013, Joshua Gold Resources Inc. (the “Company”) entered into and closed a mineral property acquisition agreement (the “Agreement”) with Midnight Capital Corp., an entity formed under the laws of Canada (“MCC”), pursuant to which MCC agreed to sell to Company an undivided one hundred percent (100%) interest in and to certain mineral interests found on property located in the Township of Swayze in the Province of Ontario, Canada (the “Cree Lake Property Claims”). As consideration for the sale of the Cree Lake Property Claims, the Company agreed to pay Two Hundred Thousand Dollars (CAD $200,000) and issue 1,500,000 shares of the Company’s common stock.
Scott Keevil is the president and sole shareholder of MCC. Mr. Keevil is also the beneficial owner of 4,166,667 shares of the Company’s common stock, representing a 5.23% beneficial ownership interest in the Company immediately prior to the closing of the Agreement.
http://www.sec.gov/Archives/edgar/data/1475430/000151116413000317/f8kjoshuagoldmidnightcapital.htm
I continue to hold on to a ton of shares, but I wonder what is he up to with those claims. I only found this information by Google'ing his name. If anyone else knows of more information relating to these transactions, it would be great to hear some more information.
why are you saying your chart is bearish? just because the RSI is over 70 or due to something else?
Leveraging off of webpence, this is what I found.
Hainan Yaheng Property Development Co., Ltd. is 70% owned by AGILE PROPERTY HOLDINGS LTD as described here: http://corpsv.etnet.com.hk/webservice/jsp/SAMPLE1/COMPANY/ENG/CoInfoOthers.jsp?SUBTYPE=OTHERS&ENCODING=ENG&CLIENT=HENYEP&MAINTYPE=COMPANY&STOCKCODE=03383
The parent company, Agile Property Holdings has Total Assets of 90,755 RMB mn
Divide that by 6.35rmb to a dollar and that's $14,292 million dollars, as in $14.3 BILLION in TOTAL ASSETS!!!
You can view the company's financial statement here:
http://www.agile.com.cn/agile/Web/en/125/
This means the parent company is HUGE and able to support Sarissa in any of its financing needs!!!!!!
Agile Property Holdings Limited SEHK: 3383 is one of leading property developers in China, which is principally engaged in property development and operation, with extensive involvement in property management and commercial property and hotel operation, while enjoying a nationally renowned brand. Of which, “Agile” brand is a “famous trademark of China”. Agile, being listed on the Main Board of Hong Kong Stock Exchange in 2005, is one of the few property developers in China which are a constituent of the Hang Seng Composite Index, the Hang Seng Composite Size Index, the Hang Seng Mainland 100, and the Morgan Stanley Capital International (MSCI) China Index.
http://en.wikipedia.org/wiki/Agile_Property
Market Cap $4.0 Billion!
http://www.marketwatch.com/investing/stock/agpyy
webpence's prior post
Hainan Yaheng = HKHE ?
"Funds will also be used towards evaluating and pursuing a potential listing of HKHE."
Hainan has a few interesting job postings that were posted recently, which mention the following:
"Million gold mining companies in Canada Sarissa Resources Inc. company niobium ore (rare) project signed a stock purchase agreement, 000 gold mining companies Canada Sarissa Resources Inc. will have a 51% stake in the company. For the project listed in Hong Kong have laid a strong foundation. "
"Hainan Ya Heng Investment Development Co., Ltd. has just been established with a registered capital of 20 million"
http://translate.google.com/translate?hl=en&langpair=zh-CN|en&u=http://www.01hr.com/_company/i-674179918184.html
"The formation of the JV will include the funding necessary for the completion of a Bankable Feasibility Study (the "Study") for the project, (or the expenditure of $20 million towards the Study) and payments to Nio-Star."
http://finance.yahoo.com/news/sarissa-resources-announces-letter-intent-145100519.html
If you took a look at my previous posts, the two orders were filled this week, not just today.
I got filled on two 500k orders. There was someone else at 0.028 at a million bid. I am all loaded up for the spin out!
One of those was me. I filled up with a million at the bid this week. Thanks for the cheapies!
No you're not late, the stock has plenty of room to run.
Since summer of 2007, I have seen this stock run from .002 to .24 back to 0.015 to .08 to now at its current level. Consistently, the stock has had higher lows, meaning support has consolidated over the years. Just buy now and forget about it for 5 years. You should be pretty wealthy by then. =)
I remember in 2007 when shares only cost 0.002. That was a great price =)
I had a 500k order fill this morning at 0.027. I see someone now at the ask of 0.029 looking for 852k shares and only an ask of 5k shares. I have been here for 4 years and have rode this roller coaster up and down. It has been fun!
Yeah, SRSR has always been a sell on the news stock. The news is positive but there are plenty of people want to sell that bought in the 2s and 3s.
Scott is not the boy who cried wolf. PR will come when he is ready and has great news.
I'm not doubting that it will happen. I've watched this stock from .002 to .24 back to .015 to the current level. It will happen and Scott will let us know. Nobody knows when except for Scott and his team. The news will be big. Just so tired of people hyping things up and giving out false predictions of when it will happen.
Oh I'm sure big news will come out of the company. I am just tired of people saying soon and getting everyone's hopes up. It will come I know. I'm betting big on it and have been willing to wait.
What other forums is SRSR being talked about? Could you share them? Looking forward to the chart!
I have been a long for 4 years but I will say this. Swing traders are not picking up at these levels, they are waiting for 3s again. I am surprised this stock has run up on no news and will trend downward with no news. People will always say news out soon and others will get tired of waiting and sell. Me and my buddies will wait patiently though with our 2+ million shares.
The first event that happened to lead me to Sarissa was Scott Keevil coming on board. I saw he was running a tight ship. He doesn’t push out PR’s with fluff like other penny stocks that are trying to cash in. I don’t want or need the company sending out fluff PR’s, I only want real news and I am willing to wait for it. Over the four years since I’ve been watching this company, he has only sold a minor amount of company shares, which shows that he is not using the company as his personal checking account. If I recall correctly, he has lent the company $200,000. Another prominent event was Dalhman Rose coming in to find strategic financing for the company. I have not recalled another penny stock trading this low using an investment bank to acquire financing. Most penny stocks would just dilute current shareholders and keep selling shares increasing the float to finance the company or fund a lavish lifestyle for management. Maximizing the capital structure is in the best interests of shareholders and Sarissa management has exceeded all my expectations so far.
This management team is running the company well and I would have invested in this company if it was selling diapers, yo-yos, or oranges, as management is what makes a company great and superb agents for shareholders. BUT here’s the kicker, the company has potentially billions of dollars in metals. Let’s compare Sarissa to another company Dalhman Rose helped raised financing for, Molycorp. Molycorp is another mining company in developmental phase and started mining in December 2010. The company has been losing money but it’s currently valued at $5 billion. Molycorp just received $130 million in financing last month. According to Yahoo Finance, Sarissa has a market cap of $40.5 million. Dalhman sees the strategic value in companies and unlocks it with the appropriate financing.
Playing devil’s advocate, what I don’t like about the company is that the company needs financing to realize the value of their holdings. That is, if there really is value. I’m not a mining expert and until the niobium and gold is out of the ground and a customer pays cash for it, I will be skeptical. I don’t care how many NI reports come out. Talk is cheap, cash is king.
In short, I feel that the rewards outweigh the risks. There is a reason why this is a penny stock and most penny stocks are garbage but I feel this company is different and should be valued far higher than its current share price. Good luck to all and lets party at a dollar!
Nope, just me doing all the DD and my cousin and his friend cashing in on me! haha
I got into this four years ago at age 22 @ 0.002. I thought I was smart then and tried to flip it all over the place. That didn't pan out.
I'm four years smarter now and holding with a low average with me and my buddies holding over 2 million shares until this stock hits dollar land.
Even though I'm young, you could consider me one of the elder shareholders =) I'm looking forward to the day we all have a party at Sarissa's headquarters!
It has been fun here. I've made some money but I've lost a lot more. This time over 50%. Good luck to you all!
Last 10 minutes. Two 500,000 orders. One 2,000,000 order. Total about 4 million shares bought but still no movement up.
Today's volume
Buys 4,140,000
Sells 3,067,000
Yet we still go down. Shortsqueeze only lists 291k shares being shorted. I am not happy about this at all.
Accounts receivables $220k with funds held in escrow another $325k. Yes cash is only $55k but they will receive more funds as they sell more natural gas. I don't see any problems here.
someone just bought 2,500 shares at $10 a piece! do they know something we dont know?
Someone just hit the ask for 5,000 more and now it goes up to .019. MM's want your shares but no one smart enough is willing to give them up!
Shares are very tight. Dropped an order for 100,000 at the ask at .018. Only 10,000 got filled and moved up to .0185. I can't wait for the news. Be patient everyone.
yeah 8.00 x 10.00 haha i wish i had bought more. nice car by the way!
I remember last Friday we had a very bullish 15 minutes at the end of the day.
There should be news next week with the completion of the well. That should push the stock up nicely.
i see 7.50 x 11. last at 8.00. man i wish i bought more before!
Tellurium is extremely rare, one of the nine rarest metallic elements on earth. It is in the same chemical family as oxygen, sulfur, selenium, and polonium (the chalcogens).
Semiconductor and electronic industry uses:
* Tellurium is used in the media layer of several types of rewritable optical discs, including ReWritable Compact Discs (CD-RW), ReWritable Digital Video Discs (DVD-RW) and ReWritable Blu-ray Discs (See here).
* Tellurium is used in the new phase change memory chips developed by Intel. See phase change memory. Also see here.
* Bismuth telluride (Bi2Te3) is used in thermoelectric devices.
* Tellurium is used in cadmium telluride (CdTe) solar panels. NREL lab tests using this material achieved some of the highest efficiencies for solar cell electric power generation.First Solar Inc. started massive commercial production of CdTe solar panels in recent years, significantly increased tellurium demand. If some of the cadmium in CdTe is replaced by zinc then CdZnTe is formed which is used in solid-state x-ray detectors.
* Alloyed with both cadmium and mercury, to form mercury cadmium telluride, an infrared sensitive semiconductor material is formed. Organotellurium compounds such as dimethyl telluride, diethyl telluride, diisopropyl telluride, diallyl telluride and methyl allyl telluride are used as precursors for MOVPE growth of II-VI compound semiconductors. Diisopropyl telluride (DIPTe) is employed as the preferred precursor for achieving the low temperature growth of CdHgTe by MOVPE.
http://en.wikipedia.org/wiki/Tellurium
The 1.1 million was a sell from the raw data I see.
If this can be put into a PR this would be very helpful. The MOMO is gone but investors would be able to breathe a little easier with this clarification.
I agree, 6-8 weeks in the pennies is a lifetime. I also agree that there could be some great PR’s coming from the company soon.
Yesterday’s PR put a damper on the MOMO and put many on the sidelines. Many here have lost money. Psychologically, the 10 bagger dream for many has been shot down. Without yesterday’s PR, this stock could still be running in the .04s or .05s.
Yes, there is still hope for the company but without clarification on the A/S increase, not many will come back in. Many investors and potential investors have been scared away.
Here is what I think the company should do:
Announce an A/S increase with a low number. Maybe to 350 million. That is not much compared to the current 250 million shares A/S. Also, O/S will not increase unless it is needed to finance a large project with potential revenues. Dilution is an investor’s worse fear. Another 100 million is not too bad.
We will also need a spectacular PR announcing success in the drillings. Revise the new revenue projections as well.
The company needs to instill confidence back to investors. Until then, the stock will not have new investors and the stock will drop away on many trader’s radars.
Please tell them I mixed up O/S with A/S. Everything I said should be in reverse.
I apologize as you are correct. I have mixed up O/S with A/S in my previous post.
Yes, the A/S was going to be increased again as the O/S was just maxed out. This was not obvious to many but to those that understand the market, this was bound to happen. This is needed to secure future financing and I do understand this logic.
The problem and the underlying worry is how much will the A/S increase by? Many have been burned by companies increasing their A/S to billions with CEO’s lining their pockets. Another problem is that this won’t be happening for another 6 weeks. Without any confirmation on how much the O/S will increase by and will the A/S increase anytime in the short term there is a lot of fear in holding this stock.
Uncertainty puts a psychological barrier on a stock. As the future is uncertain, this is the reasoning behind the selloff from yesterday and today.
Disclaimer:
I am holding a large position compared to the rest of my portfolio. I am waiting for tomorrow’s PR before I decide on what I want to do with this stock. I am not a basher or pumper. I do have a low number of posts as I normally only read and not participate in forums. I do whatever it takes to make money. Day trading, scalping, swing trading and investing, I do it all. I do my own DD and only post facts. I am always open to being corrected and feel free to do so just no personal attacks.
Here is my take on the PR and the events taken place.
Before the PR, there was a huge amount of MOMO for this stock and it could of gone from anywhere between 5 to 10 cents by the end of the week with a possibility of 50 cents by the end of the month with the finish of the drilling next week. With so many eyes on iHub watching, day traders would have kept the volume to 100 million plus everyday.
The PR stated the A/S has been maxed out which has been a known on iHub but being confirmed by the company though a PR makes it even sweeter. A real positive in my book.
What was so negative was that the PR announced they want to increase the O/S in the next shareholders meeting. What is even worse is that they did not say how much. Rumors on the board say 100 to 200%. They should have announced with this PR is how much they would like to increase the O/S by. Transparency is great, but half assed transparency is worse than no transparency.
I understand that nothing has been increased as of yet but this PR puts a real damper on the future of the stock and the company. Stocks move because of future expectations. A stock will tank if future revenues are 0 if current revenues are $1 million and a stock will fly if current revenues are 0 and future revenues are $1 million. There is uncertainty from now until 6 weeks from now when this is voted on. New PR’s can increase the PPS but the increase of the O/S will loom around and put a damper on the stock to fly.
What the company should have done was to let this stock fly by not announcing they will be increasing the O/S until the day before the shareholder meeting. By then, the stock should have been at least 10 cents. The news could cut the PPS by half, so 5 cents. If the company wanted to raise $1 million dollars, they could increase the O/S by 50 million and A/S to 20 million shares, here is the math:
20,000,000 shares x $0.05 = $1,000,000
Since the PR tanked the stock, to raise $1 million it will now take 66 million shares.
66,600,000 shares x $0.015 = $1,000,000
And that is if the company would be able to sell it all at that price.
From the trading yesterday and today, it looks like all the weak hands and day traders are gone. Support at .015 is strong. Depending on what PR’s if any are released this week and in the future, the stock will trade sideways to the low .02s depending on who is brave enough to enter back into the stock. No one wants to be caught holding the bag.
My background:
I saw the PR in the early morning but I did not spot the dilution line. I wanted to sell at .037 in the morning but decided against it as I thought the stock had more potential to run. After reading the forums and realizing the dilution line, I tried to sell at .033 but was not able to get it sold until .025. Emotionally, I bought 500k shares at .0205 midday, breaking many of my own trading rules and thinking I must make back my money. Of course emotional trading is the worse type of trading and I have a few thousand regrets currently.
lol it went up to .017 on a few shares. what is going on here.
what is up with these small orders being traded. is it getting hard to be filled at the ask? i want to buy more but this sob took me down under the day trading rule so i cant check myself.
9 million share buy at .021 above the ask
3.8 million share buy at .021 above the ask at .0199
yeah just saw that too. wow 4.3 million buy above the ask at .0215
second time at the .029 wall. lets break it down!