Sarissa Resources Inc (SRSR)

[downsideup]

The overly obvious...

Things management have accomplished as a function of following their plan... are things they have achieved on purpose.

They have a plan.

They are executing the plan.

We see "more" in the result than you believed was possible.

Management don't control others choices... which doesn't make the natural result of others choices into a "lucky" wholly random element of the environment... as those choices they have to make only occur in a context that is created by management. The context in which others choices are enabled... ensures the company benefits from those choices that are made by others... whatever choice is made. And, management still aren't responsible for making others choices for them... but they are responsible for structuring what is possible as a result, whatever choice is made.

They do control their own choices...

And the result of that I see... is that they're NOT talking about deals, or doing deals, that don't advance the project... and they're not talking with or doing deals with partners that they've scrapped off the bottom of the barrel... or, the slime from the bottom of the market pool.

I'd rather have them talking to and cooperating with the Chinese as partners/customers... than talking to and working with those "others". There's a reason IAMGOLD was pursuing China as a partner... as have Wildcat, Globe, the guys in B.C., etc., and it's meaningful that China seems to be choosing to move forward with SRSR and not IAMGOLD ?

SRSR management didn't make that choice for China...

But, they did make the right choices... to enable that.

So, why does that make it time to stop being patient ? LOL!!!

Whoever they're talking to, the things their contracts "make happen" no matter the choices that are made by the other party ? Those things are not "an accident"... the result of which is "luck"...

Instead, that's a result of properly recognizing the value... and properly and patiently advancing the effort in development of that value... without listening to the advocates of error...

"They haven't sat back and allowed other properties to spend as prove inferior as you suggested"...

Yes, they have. They've... been patient... instead of stupid.

That's inherently a part of the plan they've followed... including that it's an inherently an AWARE part of my own advocacy for patience as the best approach ?

I have faith in "the rocks" and confidence in management...

You don't.

And, again... the management STILL don't control others choices... which doesn't mean they're ignorant of them, or the relative utility of them... as they make their own choices ? Having the right plan... being patient... which you CAN do when you're confident in what you do know... and when you know what it means ? "Patience" means EXACTLY that...

So, you've constantly criticized them for being patient... when that's PROVING NOW TO HAVE BEEN EXACTLY THE RIGHT APPROACH ?

SRSR has the rocks. The rocks DO have value... whether others are, choose to be, or posture as ignorant of the fact or not...

It is SRSR management's choices that are responsible for the "luck" SRSR is having now in advancing this project toward production... whether that will happen through partnership with Chinese SOE's or others... in spite of the effort you've made to undermine the management, dissemble about the facts, disparage the company, the management, the value in the rocks, while dissing and dismissing the value in their effort, etc.

That doesn't mean there wasn't "risk" inherent in the approach to choose being patient while holding out for the right deal with the right partners instead of the "quick" deal with crap partners ? Maybe IAMGOLD, Globe, or Wildcat, the guys in Nebraska, or the guys in B.C. could have gotten "lucky"... even "luckier" than SRSR ? It's possible, of course, but, the expectation mostly suggests a serious lack of awareness of the "issues" with "the rocks" in market context more than it does anything else...

The value is there... in SRSR's rocks... and in the management effort, in their patient approach... in the plan... whether you accept it or not.

On each of those issues...

You're simply wrong.

The value in the rocks matters more than you admit... which makes you wrong on the value issue... instead of making others demonstrated awareness of the fact into "luck" rather than purpose in their choices.

I've consistently advocated here for management having and sustaining exactly that sort of patience in their approach as you see them demonstrating, and have consistently supported them in the approach they're taking... which is proving a vastly more useful choice now than the alternatives that you've advocated... ?

And, I've consistently addressed the issue as "SRSR has the rocks" while noting THERE'S VALUE IN THE ROCKS... while you've denied that there is, or that it matters ?

Now, we're seeing that FACT proven in the price tag applied to your errors... in terms of $, %'s and intangibles in the deals they're working ?

Now, SRSR management are getting close to delivering on "deals" that are very much along the lines of what I'd said was reasonable and possible, five years ago, if they sustained a properly "patient" approach ?

Go figure.

There's value in the rocks... that matters whether the critics like yourself recognize it or "get it" or not.

There's MORE value in adopting the properly patient approach to developing that value... than there is in the alternative "approach" that you've taken, or in what you've advocated... ???

What we see being delivered, in the aggregate, over time, in the result... is not "a fluke"... or a product of "luck"... but a result of a vastly better awareness of the situation, and a vastly better plan for addressing the value that exists... than what is apparent in your own advocacy, or that is even possible as a result of what you've advocated ?

The right rocks and the right plan... matter more than purposeful error adopted in addressing "the rocks" or "the plan" ?

And, then, of course, listening to you, you'd think SRSR having advanced the project ahead of competitors, to the point where they're working on deals with Chinese SOE's that will ensure funding it through feasibility... without our depending on crap financing from your hedge fund buddies to "fund" us ? LOL!!!

So, Dolphin Tom may be right... that we're all longs...

But, that doesn't mean we have a shared, common interest... as some shareholders clearly may seek to benefit themselves more, at other shareholders expense...

Fortunately for us, management have not been listening to your opinions, considering your advice or following your recommendations...

And as a result, we're all vastly better off.

It is clear to me... you're not focused on facts in your opinions... rather than self interest...

That's your right, of course... to be as negative as you want... just as it is mine to not respect your choice.

Of course, if SRSR's preferred partners don't come through, I'm sure you'll still be there offering some horrendously crappy alternative intended to screw everyone else over with some deal based in your postured negativity and purposeful inability to properly recognize value... that you clearly do recognize...

However, whatever China chooses, I still think that won't happen anyway...

The approach is deficient in value...