Replies to post #106983 on Sarissa Resources Inc (SRSR)

[hispeedsoul]

"The PR states that they hope to "seek listing..." meaning HKHE is not a listed company like an established bank or a brokerage might be"

Could still be "established" though. This could be a very large established private entity looking to go public? Going public through a R/M? Agree though, the PR leaves a lot to ponder.

[show-da-money]

Amen...this is what had me concerned. I still see many ambiguities.

I hope many many question are answered. ST as well as the Nio.
My bet is we will have the minimum disclosure possible to make a vote on the financing and not a scrap more. That is SRSR's MO, there is no disputing this. To expect a lot more is setting ones self up for disappointment.
Is it fair? Not in my view. The only recourse would be to withhold approval until a complete picture and business plan is revealed.
It is the only leverage available to SRSR shareholders to get some information.
I know most will check the approved box on the ballot, enough to pass this thing with little more than the blanks we have now in the PR filled in.
I am reading that some here are of the opinion that Aug 30th is the shareholders meeting date. If it is then shouldn't we know by now where and what time it would be?

[webpence]

"On June 1, 2011, the Company’s 100% owned subsidiary entered into two business development services agreement which provide for an annual fixed fee of $300,000(Cdn) and $240,000.(Cdn) The agreements also provide for reimbursements of all reasonable expenses related to the development and management of the Nemegosenda Niobium Property."

[FlatEarthSoc]

My thinking is that HKHE is a finance group with ties to a niobium end-user. HKHE is providing funds for feasibility. The $5½M - $10M is enough $$ for the work being done between the fall '11 and the Nio-Star IPO. The nio-star IPO will provide additional funds for feasibility/property management/etc. but the bulk of the construction costs will be covered by an off-take agreement with the associated niobium end user.

••

[JPGetty]

Good points.

Perhaps.