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"One banker whose firm is involved in Teck's asset sale process predicts a flurry of activity from the company over the next few months because so many elements of the corporate overhaul are dependent upon each other."
Teck Cominico doing some restructuring, freeing up cash.
http://www.theglobeandmail.com/servlet/story/LAC.20090406.RTECK06//TPStory/Business
yes thank you was typing faster than thinking - support. I will have to wait for the resistance part
agreed but it has been some time since we have felt such a shake.I am holding and will add more as we tumble and expect a large three to four day run up to test the upper bounds. Gut feeling no motives is that they will JV this up in order to finance the rest of the property. JV will be limited in scope not to hamstring the company and or investors. All this based on what i see in the open market and the realization that times are economically tough. That is my non chartist prediction.
this one is completely tanking today. not exactly what i was thinking about this stock. But it is going to shake some people out here, not sure where the resistance is but going down 25% can not be good
no - it is going to continue to slide, by end of trading friday there will be buying times. as has been said by other posters this is not related to the PR's, just the cycle of doom and gloom out there today. I am very disappointed, really thought this would take off as the results came out but it is clear that the market is reeling and no amount of news will help. What we need are buyers - we need 10 million volume for a couple of days maybe weeks, we need 5 assays to come out and then we need a PR declaring exactly what it all means as a collective.
Lots of conversation about the share price. have not posted in awhile but have been reading. looking at the technicals(not my strong area) I do believe that we might see this retrace a bit. Highly doubt that we will test the highs of last year .09. Also as a long time shareholder news does not always prove well for this stock and we might not get the significant pop that we are hoping for on news. Perhaps a pop but then a retrace for sure.
What attracts me to this stock is the fundamentals and the leadership. Like others here who have said "this is not a typical pink stock" i agree, this company could easily be on another exchange.
I look forward to the coming weeks and will intently analyze the wording of the next pr. But will continue to hold and not play this stock by the hours.
wow orders dont take long to get filled today, wonder why they are so quick to fill
yes - i am completely drained, waiting and waiting and waiting. need to see something soon from this company. to date i have been impressed with the company but I would like to see something. All this being said, I am happy that when they have something they tell us and that they are not releasing pr just for the sake of pr.
really thought today was the day, especially with the upswing in the market
which way up or down
the article you link to was also posted to the sarissa blog
http://nemegosenda.sarissaresources.com/
kind of hope another 10 people do the same thing because it went up 7% with that little action.
But no news on fridays - i think it is kind of over for the week, doubt we will see large volume today that holds positive for us. we have seen an increase in volume the last couple of days but nothing holding for share price.
guess if I am wrong I will have to contribute 5000 shares to the collective party fund for the board :)
what is with this volume 45 minutes into the day and 11333 in volume and that is a weird number as well
and boom it is all gone up 20% and then nothing, lots of volume, actually i was impressed at the volume and all for not. thought this might have been a small sign that the heavens were going to open up and spread the srsr gospel.
ahhhhkkkk
nice shot of volume early this morning. I show 170,000 already
yeah i know thanks.
here is to hoping that we get news. something like;
"drillers have been contracted are will be in place within the week and we expect results to be sent to the lab by mid sept. Audit is complete ans paperwork is finalised and we are awaiting approval from tsx.v."
But i guess otcbb would be fine as well.
ahh that is hilarious - on my ride in this morning I started to think about the audited financials and got a little spooked as to why we have not uplisted. i remember someone posting that;
1. it takes times
2. the bills were paid
3. we are just waiting for the accountants
4. it costs a lot of money
sorry just though it was funny that this topic got slammed this morning when it was exactly the one i was going to bring up. but i wont, well sort of;)
i am holding long but I am not exactly a big holder
thanks for commenting.
just appears to me that some of the good work that is being done by management is for want as the stockprice decends. Would imagine that an uplisting would be of high importance before proving up reserves. It is likely that even with proven reserves companies would rather joint venture with non pink companies, that is not to say that it does not happen, but all the requirements to uplist certainly make a company more attractive and legible.
I am patient but I certainly am alot more calm when i am patient above .03. I am holding and will sell chunks along the way but intend on seeing this one through.
my ideal space is uplist in August, followed by drill summary(we are drilling, this many holes, these are the timeframes), core results in October, compliance , then for christmas a nice JV for a substantial and sustained pop. Might be unrealistic, especially the complaince all depends on when cores are analysed as I believe more drilling will need to take place in order to substantiate compliance.
somewhat suprised
guess i am a bit suprised by downward takes of this stock - i thought it would test 3 and move higher and hold. I was not suprised by its run to 9 and then its fall back but since the last two pr's (which I do not think were intended to shoot the sahre price higher) we hav fallen. I feel the last two pr's were informative enough to move this higher and hold. I am a long term holder of this stock, i only accumulate.
this is not suprising for a pinkie but does anyone think that the turn of events is a surprise to the mangement of SRSR. I am not one to talk about the CEO's wealth or his families wealth as I have never me tthe man nor spoken to him and think that his wealth or alck thereof has only an indirect impact onthe company nto a direct impact on the volatility. I suspect that management in SRSR understands the immediate requirement to move to a higher exchance. I would prefer tsx-v rather than otcbb. when we get there i would hope that positive pr's such as the last two would not be a recipe for the stock to tumble
ok - so it is nto just simple math then, there are other factors at play here. have to look at the ask. Some days we see medium volume and not much movement in the price. But today a small buy and it shoots 6% followed by a 2% fall on 2000. Perhaps it is impossible or impractical at these levels to figure it out. Have to wait until we are above .10 and then it woudl be more interesting. thanks for the responses
i am bad at math so how can apurchase of 2000 shares drive this up 6%
how big? you have rt level 2?
So Clip25 what should we do then. Buy more or sell more, perhaps some of us here have bought as much as we have decided we should. I was on your side for a fraction of the time.
So what should the 20 or 25 of us that are on this board holding long with somewheres around 100 k to 10 million shares do to make this pop.
The answer - NOTHING. The company and its management have the reigns. We will continue to see up and down movement of this stock. We might test the 12 or even 15 but essentially we are on the pinkie roller coaster.
seebreezing I am really started to like your comments. You have a real poetic way of describing the longs and shorts of this board. I am still having trouble understanding the shorts - just seems so backwards. keep it up
same position as mine - even though it is obvious I thought I might draw it up above the waterline for the benefit of others. I think we are months away from having a 43-101
for more indepth info on 43-101 http://www.osc.gov.on.ca/Regulation/Rulemaking/Current/Part4/rule_20051007_43-101_sd-mineral-projects.jsp
but read the last PR closely
"...the purpose of the preliminary assessment report is to evaluate the historical exploration work on the property conducted by Gulf Minerals Canada Limited and include an initial review of the original drill logs. The independent consultants will then make recommendations for future exploration assessment work that may be required in order to allow the company to have an NI 43-101 compliant resource estimate prepared."
You are not going to see a pop on this until there is compliant resource estimate, until such time you have to accumulate where you can and not sell just because you make 500 bucks (well that is your choice I can not tell you what to do). What is intensely positive is if this stock continues to move higher through Hawks report and then into the spring months. While i might be misjudging this play I am settling in for the long haul.
Anyone comment on whether we would see a JV without a 43-101
scratch that it is now 33%
...buckle up
just received a stock alert srsr up 22% and high volume
....hang on
Interpreting sample results
Have a look at this link about the, I found it really interesting when they compare two results and the affect on company share price.
Sorry it loads a bit slow
https://www.paulvaneeden.com/MediaLib//Downloads/Home/Commentary/Interpreting%20sample%20results.pdf
So.....I have been thinking about the official validation of resources for some time now and wondering what the impact will be on this stock. there are several other factors at play. I believe with a solid pr and NI-43-101 then i can see some SMALL movement on this stock perhaps into the .03 - .05 range (WAG's so do not jump all over me). What needs to happen and you can get a hint of it from RIGATONI's post is that we need to uplist and from there I would suspect but have no confirmation of this that there would be some share restructuring. Those two events will then puts us on better footing.
Yes a JV would be nice as well but I would rather see more validation of recourses, uplist, JV and then a campaign (I see it as being different from the PR frenzy).
This my friends would place this in .10's and perhaps some movement up from there.
This is not bashing down the valuations that you find in the IBOX.
i thought at first it was the exchange code Q would be for OTC and Pink and Nasdaq and T would be for Toronto
anyone notice this trade
n 0.008 200000 OTO 10:26:17
does this mean someone actioned 200,000 non voting shares
and this one
z 0.0085 200000 OTO 14:17:48
can not figure out what the z is for.
these were sales.....hope this is not a newbie question
when I say validation I mean drill results - all we have are flyovers and historically promising data. Once you have some core samples you can take a ride with this one - until then we will get some PR's telling us where they are planning on going or next steps.
i think that JV would be everyones dream - but i will assume that even though they are family that there will have to be some validation of the resources before hand.
.01 is already there - could not get any shares lower so i grabbed a small amount to add to the purse. hoping these will be some trading shares and hold the rest of the purse
investors are still reeling from all the red in their portfolios. As well as another poster has indicated some were taking profits.
To be honest I was surprised by the timing of the PR. Thought they might have waited out all the doom and gloom for a bit, but I guess you just never know if it will stop. I am thinking that we will see some normal volumes for some time now as we are not on enough radar screens.
If we had some gold resources we might be able to leverage the gold runs but with niobium it is a tough sell.
Did some looking on the Ontario government web site and noted that the land SRSR bought is easily accessible by road - so at least there is one hurdle overcome - e do not have to build a new road. For those that may have missed the more detailed information on the latest land purchase. Here it is
http://www.geologyontario.mndm.gov.on.ca/
then use mdi number MDI42B03SE00005
agree - which has left me wondering about some of the valuations that have been posted here (although I do agree that the posters have done a lot of research and should be applauded). I am struck by the following.
"CBMM produces about 65% of the world’s market and 100% of the Brazilian market with annual sales amounting to $150M."
retrieved from http://www.geologo.com.br/seislagos.asp
I estimate the date of this information to be in and around 1997 so we need to take the price of niobium into account.
will work a bit harder on this finding some more information on this.
disclaimer: I do own SRSR and am very positive about it
i guess more specifically I was wondering what happens to the investments we have made in the company does it change. Are there usually reverse splits or other actions that affect shareholders. I would assume the share structure would change dramatically.
is there anything significant that happens to shareholders if SRSR moves to OTCBB or TSX-V?
on the creso website it suggests that they are not yet public, I get the idea that there are plans a foot though
in general when srsr investors are loading up on this stock, how much is loading? are we talking
100K +
250K +
or
1million +