| To: sense who wrote (663) | 3/22/2012 11:53:03 PM | | From: Zilyunz | 2 Recommendations  of 3447 | | | Thanks for a great background piece around the problem of imperfect markets, and the potential for shorting down companies that it implies ...
I cannot believe the cesspool the dark side has become, especially on this issue. The longs are now bickering among themselves. It is apparent they don't know who is on their side anymore. My decision to mostly stand down there has been confirmed and supported, and I am so grateful for this forum.
I totally get that the company has had some delays, and some of the longs have had difficulty adjusting to that. You, sense, may be the only long that has not felt some frustration, and that seems it also includes the insiders. In the midst of that, it seems just about everybody has formed their own pet theories, and no one is going to tell them they are wrong. No matter how outlandish, any attempt to bring back some rationality just meets some more bickering, until it gets to, what's the use?
One guy actually posited that SRSR was just a shell for the Keevil family, in case TCK did not make it?! That was before he apparently exited at .016?
What makes all of this all the more ironic, is that, taking the last PR at face value, this in many ways is potentially the most lucrative time for SRSR in its development history. But folks are focusing on the fear instead?
And the bashers are trying to make hay with it. While some are apparent with their antics, I am amazed how others are not. One purports to provide the benefit of his TA (price going lower) but it always seems he is most focused (lower support levels) on the negativity (down down down) and the fear mongering (reverse split) and pretending to respond to others (RS, but may not be bad) but it is him alone making the effort (but I am okay really, I was just responding to X) ... and when he is called out, he lies (wasn't me), forgets (when did I ever ...) and gets upset (since no one appreciates me, I am not posting anymore), until he starts anew the next day (I got some PMs from people saying they wanted me to post ...). Are you longs really that desperate for someone's TA? Sense, I think you have repeatedly done a much better unbiased, objective job of presenting the charts.
And then there is the flying elephant. There is the most amazing MO ever, and most of the longs are just ... duped. He claims message boards are not important, but then spends many a day posting endlessly. Because ... message boards do matter?! He claims he is a big supporter (25-30M shares by some of his posts a while back), but by most anyone's account, he is consistently 90% plus negative. It does not pass the smell test ... who has $.5 - 1M or more wrapped in a company and continually berates it? Who? He denies the value of the company, its ability to fund its projects, and the competence or need of the CEO? Who? Just because he may have done a PP (which is not as innocent as it may seem) and has had some access to the company, and may have an insight or two you did not have ... Are you longs really that desperate for someone's FA? And on the subject of shorting, no one is quicker to bash the thought ... because ... imo, he is the short.
Before going further, lets put this topic in context. Nemegosenda is a HUGE, COST-EFFECTIVE, HIGH QUALITY, LOW IMPURITY project for NIOBIUM. It is in mining friendly CANADA, with good INFRASTRUCTURE present. It is in an ADVANCED stage of development. In short, if you are looking for your niobium supplier of the future, Nemegosenda is far and away the best project on the planet. Period. And oh yeah ... in the same rocks, there are REEs with apparent ECONOMIC VIABILITY. Any wonder China is interested ... more than interested?!
And yes, Shining Tree, as time goes on, and the land claims increase, and more is known ... this is not just a sideline ... but a viable project in its own right.
In that context, sure, shorting is most likely occurring in SRSR shares. How much, I don't know, you don't know, no one knows. Got it? NO ONE KNOWS! In context, it is just a sidebar. We just don't know how big of a sidebar.
I have had the opportunity to discuss the topic with quite a few longs in the past few weeks and months. People quickly come down on one side or the other. It is clearly the most divisive issue among the longs. I totally get that. But ...
I just started reading the best selling book by the Nobel Prize winning economist Daniel Kahneman, "Thinking, Fast and Slow." One of the things it is clearly about is the errors in our thinking and decision making, and the biases we have come to acquire that makes us prone to these errors ...
Bear with me here. And I am not going to dig into the details of the topic. I am only getting into the mindset of folks expressing themselves on the topic. I have spent a lot of time digging into the details on this topic, and I am fairly knowledgeable. Here is what I have discovered ... the longs here that have also taken the time to research the topic, have probably without question all come to recognize it as a a very viable reality, both in general, and with respect to SRSR. They may have formed different overall opinions, but they RECOGNIZE the issue.
The folks that quickly dismiss it generally are all unable to talk in detail about the topic, but wave it off with great superficiality:
"Oh, there is no way that that is happening." "There is just not enough volume." "Those statistics are wrong ... or, they don't tell the whole story." "I have worked in the industry, and if it was happening ... I would have known it." "So and so was telling me about this topic and he doesn't believe it, so I don't believe it either." "Please stop ... you are giving me a headache."
I will say now, with great respect for my fellow holders, if you are in this camp, I still have great respect for you, but on this topic, I totally disregard you. The truth is, this IS a possibility any rational person has to acknowledge, and if you just completely dis it, YOU are showing your ignorance. Once again, sense's post that this post is responding to did an excellent job of putting the issue in a broader context.
One poster actually posted that if you sell using UBSS, and I buy using NITE, it is automatically a short. Total hogwash! And yet, some of the longs applauded the effort, with one calling for a sticky! (Cesspool ...)
I have previously used the analogy of age discrimination among job seekers. It is illegal, so it it cannot be happening, is not happening, right?! Except it happens all of the time.
It is like the forest. And coyotes. You all know they both exist. But coyotes in this forest ... "MY" forest? No way! You see the prints ... must be a dog. You heard the howls ... not clear ... until I see one with my own eyes, I refuse to believe it! ... Good luck with that one. (We are not talking about Bigfoot ...)
It is like someone in the tropics denying there is snow he has never seen ... It is like you denying your favorite restaraunt has numerous health violations ... until you see it on the local news.
I think folks don't want to think about anything the don't understand ... fear is probably at the root ... and more than that ... most folks want to believe that they are always right. Here, "I would not have allowed myself to invest in a company where that could have been an issue" and "so many companies having issues making progress like to play the short card but it rarely or never has merit" run rampant.
But, with all of that said, by and large, holders are holding. Some lost patience, some are in too big and needed to pay their April mortgage payment, I get that, that will always happen I suppose. But otherwise, the vast majority of longs are holding.
For my part, I have had my own set of ideas, my mosaic, on what has happened, what is happening, what will happen. Not saying I am perfect, and I have obviously needed to adjust the timing more than once, and I have fine-tuned some details, but I can confidently say that my mosaic has largely stood intact for over two years now. Not that I have any intent on being any more specific, I have come to appreciate the abuse one can take for making such an effort, and I see no reason to subject myself ... even in this forum. (This post is only for the four or five folks left that may still have some appreciation for my comments.) My larger point is that yes there is a plan, that plan is being followed, that plan will be executed and completed, the value in the rocks will be recognized in the share price, and your patience will be rewarded.
All that and ... any day now! |
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