Sarissa Resources Inc (SRSR)

[sarshee]

"I believe that the testing continues and at the conclusion of that there is a possibility of a deal still with he SOE.

I don't think one can make the jump to claim there is no SOE interest going forward at this time.

I am certainly not confident there will be a deal with the SOE any time soon but am not ruling out the possibility."

I believe there is an overall decline in steel production world wide and that is the main reason for the lack of action at this time by the Chinese SOE. They know there isn't anyone breaking down the doors trying to do a deal with Sarissa now. They can take their time and maybe even work out a better deal for themselves. Most all the leading steel producers are having a really bad time and their stocks are suffering badly too.
I do not think it's taking this long for the SOE to process the materials they took from Sarissa, this is what they do. They have a monopoly on processing these materials and it sure wouldn't take them 5 plus months to do it. As far as writing the report, who knows? But I'm sure they could knock it out in a short period of time if they wanted too, but hey, why hurry now? They are holding all the cards and we just have to wait and see if they want to re-start discussions at a later date.
It would be smart for some North American enterprise to be trying to work a deal with us to get away from China's lock on being basically the only supplier and determining how much they are willing to let go of. The West already knows they are in trouble with stockpiles of REE's and Niobium as an end product and they have taken no steps to do anything about it. jmho