Replies to post #96251 on Sarissa Resources Inc (SRSR)

[unbeREEvable]

Wow. That was awesome, thanks DSU. Nice to have you on our side.... don't be such a stranger :0)

[FlatEarthSoc]

very interesting take on the recent trading shenanigans..

That is why you see interest in covering already happening now... with an effort made to enable covering at as low a price as possible. That is why the shorts have become "obvious" to those who normally don't notice them... as things are now getting much harder for them.

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[Nina4900]

Incredible. Love it. An entire semester in mining and economic geology in one post.

Will tack on my wall with the new table.

Many thanks.

[dale1953]

As usual,a great and informative post. Thanks

[Teedlum]

Bravo. Another virtuoso performance. Like Emerson, Lake and Palmer's "wall of sound," this was a wall of reason.

[d0lphint0m]

DSU, as I stated the other day, I view the chart differently than you do but I am always open to learning new views of interpretation.
In the chart:

http://img696.imageshack.us/img696/9412/srsr5.png

you will notice I circled the On Balance Volume chart and the Accumulation Distribution chart for the past month and these clearly show that the rum up to .04 and back down was noted as distribution. So please enlighten me why you are convinced that the shorts are covering here. I would love to believe this is the case but I see no evidence of that.
Thanks.

[AlanC]

downsideup: Great post. Will be printing this one out to reread a few times. Thanks for the effort and thanks for sharing.
Go SRSR!!!

[JPGetty]

A Sheer Delight of a read !!!

[birdman101]

thanks for the post.

here is a 2 year old clip of simon rose explaining this long term commodities boom. Also, he says that the cost of shipping iron ore is more expensive than actually buying it. good for us, right?

http://www.cnbc.com/id/15840232?play=1&video=890400900

[webpence]

Stickied by popular demand.

To make room - since we can only have 3 sticky posts - I removed the Resource World article and moved it to the very top of the Ibox.

If anyone has an actual screenshot or pdf of the Resource World article, I will replace the transcribed version that's up there now.

Thanks DSU for the great post.

[luckysdad]

Very nice post. Very informative and a great way to frame the valuation issues. While your capital markets options are interesting, I see an alternative, though similar scenario. S.T gets merged into a Toronto venture shell and the shares distributed to SRSR shareholders. NIO-Star is spun out to the SRSR shareholders, so we own the deposits (NIO Star) and the operating company (SRSR) Small initial JV tranche from most likely a Hong Kong group providing enough capital to achieve a bit more than what Scott presented in the PR, but not too muck $4 to make dilution significant. (Availability of more %% as needed from JV partner.)Listing on H-K exchange to get a more attractive valuation. Then watch the shorts scramble!!!!!

[JPGetty]

Should a financing agreement be met for the niobium property, would you expect the agreement would cover the entire property, or would there be individual agreements for individual sections (D Zone, SE zone, etc)?

And would this agreement likely cover all Sarissa Nemo property, including Dead Moose (think that's what it's called), but exclude Shining Tree?

How likely is a financier likely to take on both Shining Tree and Nemo?

When a financing agreement is announced, what pps would you expect to see in the days after the announcement?

[supermegadope]

$41 million into Globe Metals and Mining to fund the feasibility study for their niobium property in Africa. That property is pretty clearly not as large or as well situated as Nemegosenda... and Nemegosenda is farther along, too, given the history of exploration and the mineralogical studies that have already been done. While I like the SRSR property better, Globe's deal is also not the deal I'd want, since the Chinese are taking a 51% interest for their money

So if Nemegosenda is bigger, better and further along than Globe's property how is it they were able to get $41M for 51% and Scott was only able to get half that offered by the SOE? Is it the property that is the problem or Scott's negotiating skills?

Also why the big change of position since not wanting the Globe deal because the Chinese were taking 51% but when Scott gave up 51% it was a great move?