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dmbao

05/31/10 9:37 PM

#82174 RE: konastitch #82168

It is interesting that Merle says a new audience is necessary! Also interesting that he states it like it is not the company who controls obtaining this audience but more the company is not ready for such an audience?

So why not? What are they doing to get ready so that they can attract such an audience, what needs to happen?

I continue to believe that one they don't have the ability at present to raise any funds and they have had difficulty in this arena for some time know and that is why they have done such little drilling in the past year. They need to find a partner to be able to move forward.

They are not quiet because so much is happening and it's all about NDAS and such but they have little going on because they can't afford to do anything.

While I certainly would like to be wrong as I have a fair bit riding on SRSR this is what I can conclude based on the past financials and what I expect in the next batch. Competition is growing and there are other projects in the start up phase as well so I can't understand any reason to do so little work on their two properties in the past year? I believe time should be of the essence as the first groups to get to market will be able to cash in. Niobium isn't all that rare but production is rare today.

Perhaps I am totally mis reading this but since the company doesn't provide any information to counter what in my opinion is common sense it leads me to only be able to draw the conclusions I have discussed above! I would love to be wrong and have the company show us how far off my conclusions are but so far they have not.

Now his doesn't at all mean Scott is incompetent, he isn't not even close nor does it mean SRSR doesn't have potential to have a bright future. Like Merle say not until we get a differnt audience! Means the JV any day, big deals behind the scenes etc is not where the company is at this point. So we'll have to wait longer to see any appreciation in the stock price until such time the company achieves some milestones that attract this further audience