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I have been wondering that as well. The last post on the Nemegosenda blog from May 28th says working on the NI, and then the most recent PR said it's in final editing. I'm just getting anxious, but keep in mind this thing may be 100 pages, so just have to be patient.
Anyone notice today's candlestick on SRSR? It looks like an inside day candle so far.
Yes, I agree with you, and I believe that anyone that is selling based on charting is missing the big picture.
If you watched ClayTrader's video, our lod yesterday was right at the trend line of support for SRSR. It went down to that point and no lower. In the video, he said don't hate him for saying it, but he said from a technical perspective, SRSR may be due to go a bit lower. He outlined .095, .082, and the .05 50 day MVA as levels of support.
The point I'm trying to make is that it appears we are seeing some consolidation, which I think is healthy. But, the larger point I'd make is that I think we are seeing a lot of buying and selling based on charting and not based on the reality we all now, which is that you'd be a fool to cash out of SRSR now.
I think RedStick made the point that it's not the green days that matter, it's the red days. I think it will be very bullish for us if we can hold above that .095 support level.
If we don't hold that level, well, I'll have an order in to buy another 50,000 shares.
That's what I'm excited about. Even though many here are saying a dollar within a year, multi-dollars in 3-5 years, etc., those are mostly conservative estimates.
Take tajitj's post earlier today suggesting the NI report could yield a pps of .62. He assumed $5 billion in Niobium (conservative) and just for zone D (conservative) and also a reflection in market cap of 10% of the $5 billion figure (also conservative.)
Factor in the dream team of Keevil, Cheriton, and Hawke, and it's very likely we could exceed expectations.
Forgive me for being relatively new to this board. I'm holding a lot of SRSR and planning to hold onto it for sometime.
I just came across some posts from 10 years ago before this place was Ihub, and I want to know if the Merle Goertz from those posts is THE Merle that is IR of Sarissa and Converge??
And, I would like to know what the whole deal is with Medina and NP Energy. It sounds like Merle was trying to look out for people that were in MDIN.
Good point!
What kind of company can't afford door handles?
http://nemegosenda.sarissaresources.com/2009/05/28/working-on-the-43-101-report/
Look closely at the picture.
Could be within the next 12 days if that NI report ever comes out.
Is this the same Merle Goertz as our guy?
http://siliconinvestor.advfn.com/profile.aspx?userid=2023528
Perhaps, and I do think there will be sellers after the NI report comes out. But, look at tajitj's calculations of market cap for SRSR when the NI report confirms at least $5 billion of Nb at zone D alone. No way that is already factored into the share price, or we'd be sitting at .60
That 10% figure for a jr is good to know. You would think that would be the low end for us, since this is no ordinary jr with Scott Keevil running the show. And, this is the low end estimate just for Zone D!!!
How long does it normally take to put an NI report together? When they say final editing, I'd assume it would drop any day now.
The other question I have is where would we find the NI report posted first? For me, I'm sure the answer will be Ihub. But, is it typically put out as a press release, posted to the company website, or somewhere else?
I am anxious for the report to come out, and sick as I am, I'm actually looking forward to reading it!
And I thank them for the opportunity to add to my position.
I just took another 27K out of the SRSR float.
I hope that the new interest in SRSR is coming from people seeing the intermediate to long term potential in this company and not those that are just hopping in and out.
I can tell you that I have over 100K of shares that you can just completely take out of that 300M float, because I aint selling.
I just contacted the Scottrade national office. It sounds like a seamless transition. They do handle trades on the TSX, though they are broker assisted, so it's a $27 online commission instead of $7. At that point, I'll be so rolling in the Loonies that I won't care. He indicated that it would likely be a dual listing, so it will likely be a moot point regardless.
"I expect we go on a Canadian exchange and also remain for the present time listed on the Pinks. I believe the next move will be to the AMEX when the stock qualifies, which could be as soon as 2010."
I'm not doubting you, I'm just curious. SRSR is headquartered in Bay City, Michigan. So, why would they go to the TSX? Has management mentioned the TSX, or is it speculation?
I'm sure this has already been asked and addressed ad nausem, but why are there 700 million shares of this thing?
I'm just curious, because it seems to be a rather bullish indicator of Sarissa's long term prospects.
Sweet. Just got in at .082
That's what I realized after the fact. With the ask down to .082, I might just buy some more before the day is done.
I put in an order at .0845x5000 when the ask was .085. Then I saw a bid come across at .0846, so I went up to .0848. Still no action. So, then I went ahead and modified it up to .085. As soon as I did that, I saw a trade go through at .0845. Can someone explain that? Why would a trade go through at .0845, when I was bidding .0848?
I picked up another 40,000 today. I'm a believer in this company. To quote Ghostbusters, they have the tools and they have the talent.
I was also curious. How did you find out about Sarissa? What percentage of your portfolios are Sarissa? Have you ever been this bullish about any other stocks?
New to this board. I had a few questions I hoped someone could answer.
1. What happens to existing shareholders if and when pinkie SRSR is uplisted to TSX or whatever? My shares are in a scottrade account and I don't think they do trades for TSX last I checked. Can anyone tell me how that would work?
2. This statement on Sarissa's website. 20 million tons of 0.47% Nb2O5 material (non-NI 43-101-compliant) in the main D Zone, and identified a 2nd area, the SE Zones of approximately 1200 metres by 500 metres. What is the size of zone D?
3. What is the worst case scenario for this stock?
4. Sarissa is sitting on the world's second largest Nb deposit with an estimated value of somewhere between $5 and $50 billion of Niobium, Tantalum, and other minerals, yet the market cap is less than 10 million. It seems to me that the market cap should reflect the value of proven deposits. Should it be expected that Sarissa's market cap would ultimately be in that same ballpark of what the deposits are valued at? What is the barometer that I should use to gauge PPS and market cap? I've seen a range of estimates from .25c pps short term, $1 by year end, up to $10 in 3-5 years or even $100 long term.
5. If NI report is so important, why did Soho Resources go down after releasing theirs?
Thanks for putting up with my long post.