Sarissa Resources Inc (SRSR)

[dmbao]

I was a buyer at .028. Saw that there was a lot at the ask and it was dropping so placed a bid and walked away. Clearly there has been some selling or perhaps shorting who knows lately as volume has ticked up and price is down.

Time will tell what happens here. I feel the risk/reward is a good as ever but nothing is going to happen until they give a reason for new buyers to discover this play.

As I have mentioned recently and yes I am assuming the HKHE folks take the max available, if they don't I will be concerned.

Shining Tree Gold Property(and the neighbors recent Pr)
+ What I expect to be 10 million in cash
+ 65% of the Niobium property
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Greater than 24 million, (call the cash even and ST + Niostar + shell with a plan for 14 million)

Add in the fact ST should be spun early 2012 + they are doing work on both properties + HKHE folks are big time (my opinion Chinese mining and steel entities perhaps even Government owned ones with access to Government sized capital)+ Niostar listing + DR + solid advisory board + empty shell that won't be thrown away (my opinion again)

I am not that good at math or investments ;) but chances that this all isn't going to be worth more than 14 million market cap in 2012 seems HIGHLY unlikely to me. its just a matter of when. The only downside I see is I don't have any substantial capital available to add more then the several hundred thousand I did this week.