Replies to post #143662 on Sarissa Resources Inc (SRSR)

[Dr. King Schultz]

Price is ok, IMO.
At the time Dan took over and started the PP process the pps was around 0.010.
So a little discout at that time is acceptable.

[webpence]

A necessary move to get the "reboot" rolling.

When that money was being raised, the pps was depressed.

Not surprising.

I like that this pr says exactly how this money will be used and that it's enough to complete the necessary work to finish the twinning, obtain an updated resource estimate and to spin out the company.

After those are achieved, the should be in a better position to move on to the next step.

Step by step as Dan said

[seawolf21]

effectively a 50% discount to the current price in order to raise only $250k, you tell me what you think of that price. drilling of just 2 holes wont be the whole story, there is having to be more drilling required and hence more funding required at some point, this type of dilution you can see where it is heading for existing shareholders. that $250k diluted about 3.5% of the shares on issue. I suggest when they spin it out as an IPO there is going to be another raise done and if as some have said (which is common) a reconstruction via share split then existing holders may find themselves diluted to the advantage of the new shareholders.

great for those who got it the new shares, however, if people are only willing to put money in at $0.008 price what does the street think of the current market cap?

In my experience with equity raising it means a dip lower first.