Replies to post #142816 on Sarissa Resources Inc (SRSR)

[Evil Rabbit]

Still searching for negatives? There is a conference call next week with a Q&A session. So ask that Q and get an A.

[Newbie_Niobium]

In consideration of the Company s apparent aggressiveness in moving matters forward (Reorganization etc.) it would be prudent for the Management to inform Investors that the ongoing Financial obligations can be met. In this regard they should make public the specifics related to actual "funds received" and "further funds committed" since the beginning of September.

I disagree with this interpretation of the funds discussed.

Here is the excerpt from the PR announcing Dan's joining of the team:

Several long-term investors have committed the capital necessary to immediately begin the work to spin out and upgrade the listing of the Company's Nio-Star subsidiary as well as begin the drilling of the second hole of our previously announced drilling program,"

Here is the PR from 9/12/14:

Second, the Company plans to spin out to Sarissa shareholders its wholly owned subsidiary, Nio-Star Corp. ("Nio-Star"), and list Nio-Star on a Canadian stock exchange. The shareholders of Sarissa would receive shares of the newly-independent Nio-Star via a share dividend transaction.

In order to achieve this listing, the Company will:

1) Engage an auditor to complete the necessary audits of Nio-Star required for an exchange-listing of Nio-Star.

2)Engage a law firm to complete the necessary legal documentation for the spin out and exchange listing of Nio-Star.

3) If necessary, secure a Sponsoring Broker-Dealer who will sponsor the Nio-star subsidiary for the exchange listing.

4) Engage a Geological firm to update the NI 43-101 resource estimate Nio-Star's Nemegosenda property which is required for the exchange listing.


Work has already begun on both of these short term objectives.

So if we link these two PR's together I believe the funding situation is clear and well defined.

First PR states that Long Term Investors have committed the funds to begin the work to spin out and upgrade the listing of the Company's Nio-Star subsidiary. In the second PR Dan states that the needed outside consultants and professionals are in the process of being solidified.

My deduction from these PR's is that Long Term Investors have committed to moving the company through these stages by supplying the required funds needed. Since the company is in the process of completing these steps the total funds needed is currently unknown. Once the needed team is built a total cost will be determine, and the Long Term Investors will then fund the required capital. At that time I believe the company will be very transparent about the amount of funds raised.

So, I guess Dan has not released the amount of funds given due to the fact the amount needed, and the full funded amount is not current structured.

In my opinion this is better then raising a lump sum for funding. We have deep pocketed Long Term Investors that are funding full advancements and not simply supply lumps of cash.

What does this mean for shareholders??? We have enough money to move the project forward. We do not need to worry about only being able to fund 90% of the stated advancements and then run out of money. The Long Term Investors have committed to fund the advancements in full!

Great things to come.

All in my opinion.