Hello!!
Long time lurker, first time poster!
I first heard about SRSR from a good friend of mine who in a materials engineer near Toronto, Canada. At the time I was freshly back from Roto-9 TF 1-10 in Afghanistan, with the Canadian Forces, and was injured upon my return. I am 26 years old and headed back to school at McMaster University, finally figuring a career in the infantry might not be as rewarding as I had once hoped, heh, hindsight is 20-20 I do suppose....
My convalescence gave me plenty of time to explore investing opportunities, and I was heavily (re: all of my tour money and a small portion of my insurance compensation from my car accident) into silver bullion, which I must admit I got into a touch too late but nonetheless made a pretty penny upon my final liquidation. Subjective statement but I think for a mid twenties soldier 20,000$ is a nice number for buying blocks of shiny metal, holding them, then selling them. I felt like a true Gordon Gekko, ha!
Anyways, I was having a few drinks with my engineer friend of whom I had made mention, and he made an offhand comment about a boss of his who was close to retirement and, in lieu of paying into an employee pension, had opted to use his cash for investing. He was heavily vested in a company called Sarissa Resources.
Over the next few weeks (this being late April to early May, so 0.025ish) I threw about 15,000$ CAD at SRSR, flipping about 100,000 shares for hundreths of a penny (I am by no means a day trader, ha!) at a time, nothing fancy. Doing extensive (at least by my definition of being methodical) research upon this company and asking as many questions of my friend as I could, I stumbled upon this board.
You must understand at the time my financial sense and posture was based solely off an econ-course in College and Investopedia.com (lol!). So it has been a fantastic learning process thus far. My small time flipping of which I thought was handsomely profitable, ironically turned out to be a big time waste because when I eventually decided to plunk my cash down on about a million shares, the dollar coast average of it all was about 0.04906.
At the time I had no real idea what Niobium or Tantalum was, my last encounter with the Lanthanide portion of the Periodic table being grade 10.....
My current position is 964235 Shares at an Avg of 0.04906 a share. Admittedly high but hey gotta pay to play. As of Aug 30th 2011 I had about a quarter Million, wish the date of record would allow me to vote more of my stake but alas, so it goes!! I intend on expanding my position to a nice round million shares within the next week before the Directors Circular is mailed out!
Cant win them all I suppose, but as I am not interested in flipping this anymore and have made a solid long position commitment, I figured its time to pop onto the board and engage rather than glean.
I look forward to seeing you all at the shareholders meeting, hopefully held in Canada on Oct 18th, just look for the guy with the limp!
Lets keep positive guys, you all seem very knowledgeable and I do enjoy the banter, but the doom and gloom talks killing me lol!
Regards,
-Jack
AI
