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That's exactly what's going on , I used to never believe that's what's going on but it's an obvious now imo. I've read much of your posts for years and as much as I believed you were right in my head, I still didn't follow, I wish I did , I would have made a lot of money. I kept hoping you were wrong, that was a mistake.
That's what I would like to see , I do believe myself there is some value , there would have to be a lot of third party people in on the scam if it wasn't. But the SOE deal could very well be bullshit , I don't think we will ever know that. At this point our share price is in the gutter , to not accept a paid resource estimate , even if it wasn't the order of steps management originally wanted to take should show all of us what their initiative is . There's nothing left. I don't think Scott will be on board anyway like you said but would like to find out and their reason why not we should go bankrupt rather than take that step if he chooses to say no.
Well I haven't heard anything why it is impossible idea. Lol I'll take it as a great idea then. I'll email and call Dan soon to find out what the resource estimate would cost and if management would agree to shareholders paying for it out of pocket to get done on terms both sides can agree on. I'll make the email reply public with his reply. If it can be done maybe we can get some interest in investing a small amount each for the process. If they say no without a legitimate excuse why, then we all know . How can the company not accept a free investment . This would benefit everyone from the flippers to the longs , there's no reason anyone would not want it to happen other than Scott maybe if he does have arterial motives .
A lawyer to put together a solid contract that shouldnt be broken, shouldn't cost a lot. That would be our expense. We would keep most control of the process at least to where the money goes. If the company has no money of their own , it's in our benefit , we use the same lawyer at our expense, by doing that we know that we wouldn't miss any loop holes and the money couldn't be stolen. As long as the shared lawyer is honest. Management really has nothing to lose, it costs nothing for them and I believe if they denied our offer then there is arterial motives and we all know it's truly over at least with this management. If it works we get some value and should see it in our share price at least temporarily . This is all just an idea , if anyone thinks is stupid or good please share . It's an idea to at least maybe get some more value or find out more about what are management is really about.
How is it unethical to try and find out what the true results are of the rocks good or bad . It can go either way. A resource estimate will at least put a value to the property. And there my shares I can dump them anytime i please to. I don't think Scott is ever going anywhere. Maybe a resource estimate if it's good , opens some doors even Scott and management didn't think would happen and he might want to do it right or at least in a direction that help shareholders.
I get that , they all come around when it's doom and gloom to make a few hundred dollars here and there, without something this share price is going to go further down into the crapper without something to push it back up. If our management isn't able to do anything , maybe us shareholders can . I'm not saying your an expert or anything but you defiantly know a lot more than I do about this company. Do you think pooling some money together to get a legitimate resource estimate that could put a dollar value on this property help our share price? If it could , I'm sure Dan and a good lawyer would be inclined to help us get that , it costs Scott and company nothing how could they really say no unless of course there's something to hide. If that's the case at least we know , and it's over . Will negotiate for the money with everything documented properly with a lawyer to how and where the money is spent and to how the Press release needs to read good or bad.
Maybe they don't , you could be right , why not put a small investment together among long shareholders underwater and find out . We have all lost this much what's another little bit to know for sure if we can
I do and I know everyone has there own agenda here including me , no one sticks around posting here for no reason that's for sure. I really would like to see a real resource estimate go to the market, if this truly has the rocks , the market should know and it's a start to see value and for some to push this to a mine, other like myself to have this pumped up and exit with a profit. I disagree there is always something shareholders can do , we just need to work together with a creative idea and put a little cash together . Minority shareholders still have some say.
I was thinking shareholders pool in for the actual real resource estimate, no shares for exchange , hire our own lawyer to facilitate the deal with Scott on our terms to do the resource estimate and have it PRd , if a proper contract was done he can't just take the money and spend it. There couldn't be one possible excuse to not accept free money to further a project he believes in. If he doesn't accept the money, there would be no one that would question he's scammed all of us and we use some of the money and tell our story of what we believe would be corruption, law suit that may go no where but still hurts. Unless you can think of legitimate reason that he could say no to free resource estimate, It costs us 400 dollars , I'm sure a 100 or so shareholders can come up with that.
It's really sad how this company has been ran. It would be nice if Scott had one more pump in him. I have no excuses I could have sold for a profit numerous times and I didn't, not because I believed this was going to mine. I'm just a straight up gambler that never educated myself on how these pink sheet stocks work,should have, was just hoping for the big pump up to the 50cent range, kept thinking I would miss out selling . Lesson learned!
It's really sad how this company has been ran. It would be nice if Scott had one more pump in him. I have no excuses I could have sold for a profit numerous times and I didn't, not because I believed this was going to mine. I'm just a straight up gambler that never educated myself on how these pink sheet stocks work,should have, was just hoping for the big pump up to the 50cent range, kept thinking I would miss out selling . Lesson learned!
Well I agree with you on almost everything but I do believe the property could have some value if 100 or so share holders pooled in the 35 or 40 grand to get this resource estimate done , it would probably be enough to push this stock price for another run , most of us could get out with most of our money back and maybe a profit. I personally don't care if ever goes to mine . If you can't beat them , join them , pump this damn thing up again. I have 2 million shares , it's pretty much worthless I'm not concerned on losing it at all lol but if there is potential to pool in 350 or 400 bucks with other shareholders to get a resource estimate and have this pumped up again why not .
There was some talk before that people believed the reason we didn't see a resource estimate is because if Scott had put one out there would have been some true value to the property and it wouldn't be so easy for him to bankrupt and take everything of value with him. If so is there anyway as shareholders to pool in cash and get that done. Would it be possible to push or force something as small as that?
I stayed away from looking , why so long without an update good or bad any news from the IR at all or same story ?
I have to agree. Anything to keep the morel up , imo I think Dan is Scott's puppet and doesn't know what's really going on , just what Scott wants him to hear. I have a couple million shares on the line I hope I'm wrong. I've called him numerous times and everything that is said he try's to give me confidence but I don't really think he's completely in the know. Almost 7 months and not a peep , if there was any good news we would have heard it by now Imo. I don't believe it's Dans fault, I think Scott is a dirty manager and is hiding something.
Thank you for the input, hopefully they have some mining expertise and maybe continue with the plan or come up with a new plan that can benefit us shareholders for the longer term
If we get some good news with some reputable BOD join with some money , do you think it will be a catalyst to get this share price up or are we still a long time coming?
Thank you for the reply!
Do you where the original mention that a past Fortune 500 was interested in joining ?
Is it possible that Dan and Scott might or could be selling their personal shares to raise some funds for the next steps, and in exchange will receive new shares of Niostar before they uplist?
I have to agree with you, other than maybe they believe they have played out this Srsr story and would rather release the resource estimate under a fresh new company (Nio Star). Without having new investors looking atthe past and all the old failures. But I agree with you 100% if they just release Ni report ( no resource ) , uplist and then do nothing after that. Although I do think this structure does not benefit us current shareholders as much as releasing an NI report with a resource estimate now.
When we move over on to the CSE , I'm sure our shares will be converted to Canadian, will the share price of Niostar convert so we don't lose money on the massive exchange rate?
Dead time were my words , I guess just keep moving forward were the words Dan used
Also I asked about dilution , and he had said for this phase there is not a need for large dilution even after the uplist to the CSE for this first phase .
I asked about raising capital and we are better off with a new company , because there are a lot of investors they know that will not touch the pinks.
He also said this is not a perfect solution and since the majority of the funds needed are needed prior to getting an NI report from RPA the option as to what way is best is via Sarissa or via Niostar on the CSE both without a NI calculation? I believe out of our options this gets us to PEA more quickly which is far more important than the NI report.
Ya he has nothing to hide , don't read and bullshit in his answers , again I'm defiantly the wrong guy to try interpret what he says but it sounds like the people who are financing don't want any dead time, keep moving this project forward .
I asked Dan that question yesterday , he had responded by saying to me that this was the initial plan but the issues that were discussed in the last shareholder letter prevented them from accomplishing that goal with their initial capital raise, so they altered the plan to deal with capital needs and timing and keeping progress moving. So basically it looks like he originally wanted to see a resource value before the Uplist but because of the extra things needed to go forward , there would be 60 days of downtime for the release of the Ni report . They have to give something back to the people financing this, sounds to me he was saying the financiers want to see forward progress. They don't want wasted time. There's probably more to this but I would contact Dan, he said anyone can call him anytime. I'm probably the worst person to try and relay info , but I think that's what he was saying.
Ya I'll be asking him the question and use such as example possibilities that that you have spoke of before .
That makes sense I agree with the first part about waiting for value , but I thought from what most people on this board have explained we would have trouble raising money by JV or financial institutions investing on the pinks? But I do like your approach to how they should be proceeding much better than the way they are going. I was really wanted to see them Ni compliant with a resource estimate before they went to a new exchange.
I'm not good at asking the right questions and giving proper scenarios like you are but if you could feed me a bunch I'll put them forward to Dan and see if he could answer them for us .. Mainly the ones pertaining to what we have been talking about today. As many as you have. I'm just learning
If what your sayings correct , what reason wouldn't Niostar want to open up on the new exchange as high as possible so when they dilute they would get way more bang for their buck? It doesn't make any sense to raise capital that way . If they opened up at dollar or more and diluted from there it would be far more beneficial wouldn't it?
I agree with you there, having no resource estimate probably have no effect on the share price? If or when they go to the Canadian stock exchange how do they calculate the value of the share price without a resource estimate ? If we are undervalued at this point do you think Niostar will open up at a higher value than what Srsr is right now?
From Dans response from the email I had sent , I'm still kinda confused will we see a resource estimate with this Interm NI report ?
Oh ya your real young , you have lots of time to catch up if it doesn't work out , the best time to try these underdogs when your young but I think we have a good chance . I'm 30 I figure I might as well gamble bigger now rather than later but I think we got the odds on this one anyway.
Yes exactly , I haven't been buying anymore for a while but I believe I'll make a good profit on this for sure, if I don't, I don't . It won't change my life. But if this thing works out it could be a financial life changer , maybe not retirement for me but it's so worth the shot.
You might be right but I'm not selling for a loss. It's all or nothing for me on this one !
My questions:
On Feb 20, 2015, at 2:03 PM,
Hi Dan how are you?, I have a question its under my impression Srsr is looking to come out with an In-term NI report , then an uplist to new exchange and then follow up with additional drilling . Is this the order Srsr is working towards . If not could you explain I'm very green to all of this so sorry to have you explain this to me . Also will this Interm NI report come out with a resource estimate.
Thank you ,
Dans Reply
That is exactly the plan. The initial plan that was announced last Fall we expected the drilling program and evaluation of the MDMN cores to provide the results required to achieve the indicated resource by RPA Associates. However, we discovered the drill cores from MDMN were not in the condition that we had been expecting and there for didn't meet the QC/QA standards we and RPA require. Furthermore unbeknownst to anyone involved in the project initially through now understood the grid of hole locations were off a little bit. This fact wasn't discovered until we drilled the 4th hole this past fall and discovered the original gulf hole. This brought us to understand that two of the holes we drilled didn't meet the QA/QC standards to be considered twin holes. So those holes were reclassified as infill holes. Those infill holes like all the ones previous correlate highly with Gulf Dominions previous work and further raised confidence that the Gulf Dominion work can be brought into NI compliance standards.
The real issue here isn't a geological problem but a regulatory problem. We need to provide enough new proof so that a independent geologist is willing to sign their name taking Gulf Dominions work from a historical to a compliant one per the National Instrument Standards.
We though the original plan would do that and perhaps we may have even still gotten an inferred resource from RPA but that wouldn't have really benefited the project nor the Preliminary Economic Assessment as an indicated and measured resource is what drives the development of a project like this.
In the upcoming drilling RPA will be selecting the hole locations to best tie in to their data model.
So in the end progress remains on the horizon but a few months from now we will be looking much better.
Dan Byrnes
Sent from my iPhone
Is this effecting TD In Canada also? As far as I know I was able to buy and sell or has this changed there to. Are you with TD in Canada evilRbt?
After the spin out of Nio star, we will be left Srsr and Nio star shares, what do you think will happen to Srsr share price? Do you guys think it will be a sell off considering Niobium part of the company will now belong to Niostar? Am I looking at this right?
Well I'm 2 million shares in, hopefully these prices are going to be a thing of the past
Thanks for the info guys, I emailed Dan and asked also , so we will see if he can answer them questions or not