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I have held ABX for over 8 years.....
And it hasn't really done anything. I think I am going to sell my ABX just buy a cheap gold penny stock; I'll either get a lottery ticket or end up with fuckle.
Any suggestions?
I have been to the property JSHG is planning to drill in April.
While being there I met an Ontario government geologist, Hastie .
Hastie independently sampled the C1, Charlie One property-named after the original prospector ,Charlie Mortimer.
Hastie's testing, assaying brought up some interesting results. Over 250 grams per tonne gold was one trenching result-that 's about 9 ounces per ton gold!!!
The property is joined to the north to the Kenty mine which was mined in the 30's the 50's and the 80's.
While the sampling by Hastie is very promising it may be a fluke, 'nugget affect; the only way to really find out if the proeprty is economic for gold is by extensive drilling. We will just have to wait until the drilling results are published.
I have owned the stock for over 4 years and been disappointed. It does look like they are finally getting their act together.
I would like to answer you valas,
but your grammar is so sketchy I don't exactly understand WTF you are asking...
Rhetorical questions need question marks behind the sentence for future reference...
Too much drink or not enough 'brain cells' ?
Delete me please.
You loser.
IGEX management only has to look at past audits...
to understand the legitimate debts.
But you have a good idea, someone will info to IGEX auditors, that should help..
Thanks.
betting on dan hasn't paid off ever yet,
and I would be highly skeptical if it ever will in SRSR
Golden bear you know nothing than what
Dan tells you.
You guys are all total idiots!!
now go and delete me.
Pathetic.
es1 you don't know the first thing about mining...
Now go and delete my post ; you cannot stand criticism
Nice pump and dump language Tan trader
I don't think it is a 'dump' , shortseeker
There is never any bid on this pig, it usually has no bid so I believe these trades are a cross. Probably from old IGEX shareholders to the Dan/Otto/Randy troika for their free stock (5% dilution in the proposed SRSR/IGEX transaction close to the 65 MM shares traded) in nominee accounts so they have free stock to ram down unsuspecting throats when and if if the crazy deal ever occurs.
Mark Whydah Nemegosenda is a great property,
but no exploration professional will take on the property when it is under $2.3MM debt from Nio Star and SRSR .
SRSR board must negotiate that debt or nothing will happen other than the debtors will eventually sue and that's not good.
12,500 to 1 IGEX consolidation...
If I were a SRSR shareholder who witnesses this HUGE roll back from the same people (Dan, Otto, John)I would be EXTREMELY worried that this same trio will do the same type of CRAZY consolidation on the new stock NBTC stock when it is convenient to management.
Think about it.
Hey, hard, you missed the point,
The point being that many of you posters are clinging to Dan and Otto's ideas of Nemegosenda when neither of them have never even visited the property, and both, self admitted, know nothing about junior exploration , geology , drilling or mining land management.
So why would these posters take guidance from a management who are wholly ignorant of exploration knowledge?
We'll see what the courts and SEC do,
I think Currah will do fine, its Otto and Dan I think will have the anxieties, liabilities.
Dan losing all the Shiningtree properties....
because he doesn't know a stick what he is doing.
Dan was on the phone with a judge,
I know because it was a conference call with the a deputy Timmins judge between the defendant Nio Star represented by Dan, and I was on it representing the plaintiff.
Ask Dan he will confirm.
Yeah you missed that Currah...
the Ontario prospector discovered Nemegosenda, put it in SRSR spent years working there while NONE of you couch potatoes have never even been to the property?
Pathetic!
Where's Otto Pichler?
He is listed by the Wall Street Journal and Reuters Finance as Chief Financial Officer, Treasurer, Secretary of IGEX, yet his biography seems to have disappeared from the IGEX iHUB profile.
http://quotes.wsj.com/IGEX/company-people/executive-profile/147287584
http://www.reuters.com/finance/stocks/companyOfficers?symbol=IGEX.PK
Where's Otto?
There is a lawsuit already filed in Canada,,,
ask Dan, he was on the phone talking to a deputy judge in Timmins Ontario a month or so ago. And many more lawsuits will be filed if Dan and Otto don't settle with SRSR and Nio Star Corp. creditors.
FINRA and the SEC might find it strange if Dan suddenly disputed financial statements prepared by a reputable independent auditor and which he signed off almost 2 ½ years ago.
Surely that would create a tangle of regulatory and legal complications.
Yes, seriously, Evil.
Actually Valas if SRSR did transfer the Nemegosenda property to IGEX without settling its debts that are owed to the driller, the assaying company (AGAT), the geological engineers (RPA), the accountant , the long term debt holders among others (see the financials of SRSR they show the indebtedness)with the Nemegosenda property being 'the substantial asset of SRSR and its subsidiary Nio Star Corp.' the IGEX transfer would be what is called in Canada ( and the US) a 'fraudulent conveyance' and SRSR and its board members would be legally liable.
Here's an analogy: You have a house worth $500k with a $200k mortgage. You cannot not 'sell, transfer' the property to another party without paying off the mortgage. If you persisted in the transfer without settling with the mortgage holder you would be duly charged as executing a, "fraudulent conveyance".
Dan will act in the best interests of the shareholders so he won't 'transfer' the property without first making a deal will all the debtors.
Dan is doing the best he can...
Dan wants, as do all of us shareholders do, to move the Nemegosenda property forward as that is the only way for SRSR shareholders ,as Dan is, to be successful.
I think it is dawning on him that the IGEX move isn't really a solution without bringing everyone: SRSR/Nio Star creditors, shareholders and potential financier into 'the big tent'.
If you own SRSR shares why laugh; crying....
would seem to be the logical mood if one is long this stock considering its current price.
O'Shea is nothing Google Randy Goulding from Illinois...
He is the lawyer for SRSR and IGEX is a swindler and was put in jail in the 90's for money laundering.
It means nothing......
All that volume adds up to 9.36 cents of trading
Tan g trader an answer to your query...
Dan , without notifying any SRSR directors, put 96% of a pension fund ($226,000) he ran into SRSR. This investment is not prudent or legal. The New York State Department of Labor sued him in 2015.
The judge will rule shortly. Dan will lose.
Notwithstanding that, Dan was a trustee for a family estate such that invested $250k into SRSR. Unfortunately, he invested his sister's money without her permission(Kathleen Fiero)and on April 14, 2015 Ms. Fiero was awarded a $254,000 judgement against Dan Byrnes.
Dan has absolutely no knowledge of mining, never been to the property , can't raise any money and is dead broke.
Anyways, Dan can't manage SRSR properly as all he is trying to do is cover his own ass.
It doesn't help that Dan is on anti depressants.
That is a short summation why Dan is doing fuckle.
Hey buddy that 936,000 share volume actually represents..
9.36 cents of cash trading.
Not very impressive in my opinion.
maddog27 your math is incorrect......
The lawyer (I noticed he was a Harvard graduate) letter you attached to your post in NOT over dated a year ago. The letter is dated December 1, 2016 which is but 6 weeks ago.
Sarissa Resources Nevada corporate charter has been revoked...
"The corporate charter of Sarissa has been revoked due to the failure to make two annual filings (pay $2,450 of fees) to the Nevada Secretary of State".
Great work dan and Otto.
You can say what you want about the previous CEO but there were not egregious failures of this magnitude on his watch.
What is rotten in Denmark (SRSR)...
Golden Bear you are exactly correct about the "rotteness". Let me count the ways of this 'rotteness':
1. SRSR was around 2 cents per share in September 2014 when Dan Byrnes came on as president. The stock now is around one third of a cent.
2. Since Dan and Otto kicked Scott off as CEO SRSR has not paid any fundamental bills such as property taxes on the Nemegosenda property, not paid for the SRSR Nevada registration,not paid for core storage (the geological archives of the Nemegosenda drilling), not paid the geologists, not paid the driller, not paid the assay company (Dan asked for a 'expeditious' sampling and cost and extra $27,000 Canadian for no reason): not paid any trade creditor anything.
3. Dan Byrnes, without notifying SRSR management, took 96% of a pension fund ($226,000)and invested the money in SRSR. That is against ANY prudent investor rationale and,more importantly, its against the law. Currently, the NY Dept. of Labor is suing Dan and, consequently, Dan is scrambling to save himself. To save himself he entered into a 'crazy' deal to sell the Nemegosenda to a scam company (any company that has a 12,500 to 1 roll back is a scam in my opinion) without shareholder approval as legally,a meeting has to be held to sell the major asset of a public company.
4. Such that Dan's scrambling to save his own hide makes SRSR a function of Dan's legal and economic problems rather than honestly representing SRSR shareholders .
5. Dan's sister, Kathleen Fiero, has a $254,000 judgement against Dan as he, as a trustee of their parents inheritance, invested $200k plus into SRSR without her permission. Is this the type of man one wants running a corporation?
6. Dan and Otto have NEVER been to the property yet they act as if they are experts.
7. Dan and Otto, admittedly, have absolutely NO knowledge of mineral exploration and mining.
8. Dan is on anti depressants which may affect which little judgement he does possess.
9. Shiningtree gold properties have been shrinking since Dan cannot raise any money.
10. If a company transfers a major asset without coming to an understanding with its creditors is committing ,'fraudulent conveyance'.
I could go on.
If anyone disputes any of the above claims I will gladly provide the supporting documentation of these claims.
Valas is a complete moron, liar, cheater.....
Poster pay no attention to this loser says: he lies, steals, cheats and has an IQ lower that 80 points.
THERE WILL BE NO FINRA APPROVAL, EVER
Take it to the bank.
Sorry, that's the truth whatever Dan, or his surrogates, say, post, exclaim..
Valas, good idea. Maybe you should go to
Chapleau find a secure, large (over 4,500 square feet) police patrolled (which the warehouse is currently) and find a cheaper place to store the core and insurance ($2MM) coverage.
Good luck!!
Rabbit let me explain the significance of core and core storage:
When an geological engineer needs to do research on a firm's geology he needs to have access to 'archived core'. Archived core is the one half of the 4" rock (the other half is given to the assay lab to test after being logged) that is kept for those services.
Secondly, once the core is tested, they only test an ounce of so of the rock as they pulverise it first, and they return the untested powder back to the company. They are called rejects.
These rejects are also stored at the core shack so if an engineer or large company wants to buy the deposit they can do due diligence testing of the rejects to assure themselves.
As well, when the mine is being planned the engineers need to examine the core to plan where the hanging walls, and their degrees (angle of the wall: a hard rock can have greater angles, and greater ore recovery as it is stronger)
Hence, without properly storing and preserving the core and the rejects the company's 'asset' the deposit is threatened. To do all that drilling again would cost $2MM and 18 months.
So that is why mining companies pay to store their core and rejects safely.
I hope that helps your understanding of the matter.
Not only was the $40 k agreed upon,
Dan, Randy and Otto wanted to pay it and so offered to give up SH.
You are mixed up, my friend
Es1, with all due respect, you are incorrect..
Why the IGEX deal won't occur:
1. The Nemegosenda property is owned by Nio Star an Ontario Corporation. Nio Star owes around 2.9 MM ($ Canadian)to creditors and it is illegal, in Canada, and I suspect in the US too, that one cannot transfer a major property while leaving the creditors high and dry. The deal would have to have creditor's approval which it does not, I assure you.
2. A public company cannot transfer of dispose the major, or substantially the largest asset of the company' without shareholder approval. For SRSR to get shareholder approval it would have to have a meeting, which it has not.
3.FINRA would not approve the deal for the above and for the idea that SRSR is getting its Nevada corporate registration revoked. The FINRA approval is taking much more time then usual because it cannot be approved.
4. The transfer agent is owed over $5k and no stocks can be dividended without the transfer agent's cooperation.
5. If the deal is imminent why has the SRSR pps disintegrated the past few weeks?
There are other reasons but these are sufficient.
Anyone who believes that IGEX deal is going to be approved by FINRA has also waited, unsuccessfully, for the 'Great Pumpkin' to appear on Hallowee'en and will be unsuccessful waiting for Santa on early Sunday morning.
Hey Burke, you are very inaccurate..
Scott didn't try to sell Shiningtree, Dan and Randy did, not Scott.
If you don't believe me I will show you Dan's email attempting to sell Shiningtree for a $40,000 bill.
Of course, Dan is so disorganised he couldn't put together Shiningtree's books so the deal never happened.
Guys, let me tell you straight: don't believe everything Dan tells you.
Dan and Otto have had control of the board
for months and they have done nothing.
Actually, worse than nothing as the pps is down, the bill and lawsuits keep coming, they don't eve protect their corporate charter; all they do is push paper, unsuccessfully.
Accountability is for those who are at the wheel now, not about who was at the wheel a year ago.
Simple.
Apparently, from what I hear Dan will get
2% of the stock, 2% for the Igex guy and 1% for Randy. Otto's probably pissed.
But don't worry the FINRA will never approve the deal without shareholder approval (meaning shareholder meeting and vote)and 2. the deal can't go through as long is SRSR is not properly registered with Nevada.
es1 you are 100% correct
Disseminating corporate information through ihub posters is not only NOT kosher it is counter productive.
If Dan has material information he should use a PR to inform shareholders not through ihub cronies.
unfortunately, dan can't afford to pay a measly 2k or so to keep up the company's registration in Nevada so $300 for a press release is out of the questionD