Sarissa Resources Inc (SRSR)

[es1]

There is a lot that Management, now and before, can be held responsible for but certain elements are simply not their fault. They have been perpetrated by others who may or may not have any fact at their disposal.

I agree but the issue is that Management is supposedly giving this information. That may or may not be true as you say. The issue is even if the management did not say these things they enable these things to be perpetuated.

Look at the BoD thing. This "target" was not in the companys business plan when Dan took his position.
The list Dan gave as goals was...

assay results from the recently drilled holes are expected shortly.

complete down hole gyroscopic surveys on the Company's existing drill holes. This work is expected to be completed within the next two weeks.

Evaluation of the original Dominion Gulf drill cores

an outside laboratory will be retained to conduct further verification analyses on approximately 100-150 pulps from the 2009-2010 drilling program for comparison purposes.

completion of a mineral resource estimate, Preliminary Economic Assessment, and an updated NI 43-101 Technical Report

Then the target changed.

The company has engaged the author (an Independent Qualified Person) of the previous Technical Report to update it with the additional work the company has completed since that time, with the primary goal of having an updated report for our listing application for Nio-Star.

we will continue to work with RPA on the updated Resource Estimate,

. Along with this the Metallurgy Study from Hatch Engineering will also be completed.

these reports from RPA and Hatch as the cornerstone for bringing in the next stage of project financing.

and our legal counsel will work with the auditors of Nio-Star Corp. to complete a preliminary prospectus and engage in the process of having that prospectus finalized

In parallel, Nio-Star Corp. would apply for a listing on the Canadian Securities Exchange (CSE).

So the 43-101 with a couple of holes added was what we got.


Gyroscopic surveys were done but not on all of the drilling.

Still no resource

No prospectus

no application for listing.

no metallurgy

And of course with out all that... no financing


And then the goals changed

Nio-Star will use its report in connection with a prospectus that would soon be filed with the Ontario Securities Commission.

working to expand the membership on the Board of Directors of Nio-Star through the addition of additional members

complete the work requested by RPA Associates to finalize a resource estimate on the Nemegosenda project.

This is why I say it is the management.

The fantasy stories passed here are supposedly from Dans mouth.
I cant say that I disbelieve that because Dan has already shown that he has no problem with saying one thing and doing another.

The people who write to the company are looking for comfort in their losses. Dan gives them that with no repercussions because he can say that the BoD is from a fortune 500 company and lie straight to me without having to worry since it is my word against his.
But honestly the company would not have hesitated to mention fortune 500 in the PR if it was a fact.
What he said was...

members who possess proven mining, capital markets and operating experience

Sure fortune 500 directors have these qualifications but so do pinksheet directors.

Dan wont say fortune 500 but he has no issue with allowing the rumor to have a life.


IMO he needs to put up or shut up. He should answer every email with
"when the company has news to put out we will put it out to all of our shareholders at once. Misunderstanding of company statements by shareholders has lead to sever rumor issues that are hurting the reputation of the company and so no information will be given through emails"

Then he needs to produce results that are EXACTLY what he stated and not just kind of close to what he said.


IMO there should not be another PR or single word stated by the company until they have something COMPLETE. And not a single goal should change until the goal is reached.

Want financing? Sell Shining tree and get the ball moving